NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Animal Spirits in a Monetary Model

Roger E.A. Farmer, Konstantin Platonov

NBER Working Paper No. 22136
Issued in March 2016, Revised in February 2017

---- Acknowledgments ----

We would like to thank Gauti Eggertsson for his discussion of our work at the Conference in Honor of Michael Woodford's Contributions to Economics, held at the Federal Reserve Bank of New York on May 19th and 20th of 2016. We also thank the participants at the conference and participants at the UCLA macro and international finance workshops. We have both benefited from conversations with Giovanni Nicolò. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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