Risk, Uncertainty and Monetary Policy
NBER Working Paper No. 16397
---- Acknowledgments ----
We thank Gianni Amisano, Bartosz Mackowiak, Frank Smets, José Valentim and seminar participants at the European Central Bank, the FRB Philadelphia, the 2010 Midwest Macroeconomics Meetings (East Lansing) and the Fifth Annual Seminar on Banking, Financial Stability and Risk (Sao Paulo) for helpful comments and suggestions. Falk Bräuning and Francesca Fabbri provided excellent research assistance. The views expressed do not necessarily reflect those of the European Central Bank, the Eurosystem, or the National Bureau of Economic Research.