The Neo-Fisher Effect in the United States and Japan
NBER Working Paper No. 23977
---- Acknowledgments ----
I am indebted to Stephanie Schmitt-Grohé for comments and suggestions. I also thank for comments seminar participants at the Bank of England and Queen Mary University. Yoon-Joo Jo and Seungki Hong provided excellent research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.