The Tail that Keeps the Riskless Rate Low
NBER Working Paper No. 24362
---- Acknowledgments ----
We thank Jonathan Parker, Marty Eichenbaum and Mark Gertler for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Laura Veldkamp ----
I have visited or lectured at the following institutions, where I have received an honorarium and/or have been paid travel expenses:
EIEF, Rome, Italy, research visitor.
Federal Reserve Bank of New York, US. As consultant to the Research Department.
Federal Reserve Bank of Minneapolis, US. As consultant to the Research Department.
Goldman Sachs, as a GMI fellow.
Standard & Poors, one-time honorarium.
University of California at Los Angeles, as a guest Ph.D. lecturer
I also receive a salary from Elsevier as an editor of the Journal of Economic Theory.