NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Leaning Against the Wind: The Role of Different Assumptions About the Costs

Lars E.O. Svensson

NBER Working Paper No. 23745
Issued in August 2017

---- Acknowledgments ----

I thank participants in the CCBS Research Forum on Macro Finance, Bank of England, London, May 26-27, 2016, for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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