NBER Working Paper No. 24521
---- Acknowledgments ----
This paper has been prepared for the Carnegie-Rochester Conference Series on Public Policy honoring the contributions of Charles Plosser to Economics.We thank Jeff Lacker for many detailed comments. We gratefully acknowledge financial support from the National Science Foundation Grant No. SES-1357903, FRIPRO Grant No. 250617, the European Research Council ERC Starting Grant 759482, and the Ragnar Soderbergs stiftelse. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.