The Total Risk Premium Puzzle
---- Acknowledgments ----
This work is part of a larger project kindly supported by research grants from the European Research Council (ERC) and the Institute for New Economic Thinking, and we are grateful for this support. We are particularly thankful to Johannes Matschke and Sarah Quincy for outstanding research assistance. We received helpful comments from Thomas Mertens. All errors are our own. The views expressed herein are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco, the Board of Governors of the Federal Reserve System, or the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Alan M. Taylor ----
Alan M. Taylor has served as an author, consultant, or speaker for various research organizations, policy making institutions, and financial sector firms. He currently serves as a Senior Advisor at PIMCO.