NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Global Financial Cycles and Risk Premiums

Òscar Jordà, Moritz Schularick, Alan M. Taylor, Felix Ward

NBER Working Paper No. 24677
Issued in June 2018

---- Acknowledgments ----

Comments and suggestions from the conference organizers, the editor, and referees have helped improve the paper Generous support from the Institute for New Economic Thinking, the Bundesministerium für Bildung und Forschung (BMBF), and the Volkswagen Foundation supported our work. We are grateful for their support. The views expressed in this paper are the sole responsibility of the authors and to not necessarily reflect the views of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research.

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