NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Distributional Consequences of Large Devaluations

Javier Cravino, Andrei A. Levchenko

NBER Working Paper No. 23409
Issued in May 2017

---- Acknowledgments ----

We are grateful to Mark Aguiar, David Atkin, Ariel Burstein, Yu Chin Chen, Michael Devereux, Natalia Ramondo, Daniele Siena, and seminar and workshop participants at several institutions for helpful suggestions, and to Laurien Gilbert and Nitya Pandalai-Nayar for excellent research assistance. We would especially like to thank Christian Ahlin and Mototsugu Shintani for sharing the digitized pre-April 1995 Mexican consumer price data. Financial support from Michigan Institute for Teaching and Research in Economics (MITRE) and from the National Science Foundation under grant SES-1628879 is gratefully acknowledged. Levchenko would also like to thank the University of Zurich, the UBS Center for Economics in Society, and the Excellence Foundation Zurich for their hospitality during the 2014-15 academic year and financial support for this project. Email: jcravino@umich.edu, alev@umich.edu. 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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