Rational Attention Allocation Over the Business Cycle
NBER Working Paper No. 15450
---- Acknowledgments ----
We thank John Campbell, Joseph Chen, Xavier Gabaix, Vincent Glode, Lars Hansen, Christian Hellwig, Ralph Koijen, Jeremy Stein, Matthijs van Dijk, Robert Whitelaw, as well as three anonymous referees, and participants in several seminars and conferences for valuable comments and suggestions. We thank Isaac Baley and Nic Kozeniauskas for outstanding research assistance. Finally, we thank the Q-group for their generous financial support. A previous version of this paper was entitled “Rational Attention Allocation over the Business Cycle”. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.