NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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A Unified Approach to Measuring u*

Richard K. Crump, Stefano Eusepi, Marc Giannoni, Ayşegül Şahin

NBER Working Paper No. 25930
Issued in June 2019

---- Acknowledgments ----

Prepared for Brookings Papers on Economic Activity, Spring 2019. We thank our editors, Jan Eberly and Jim Stock, our discussants, Steve Davis and Giorgio Primiceri, along with Olivier Blanchard, Jason Faberman, Bart Hobjin, Marco Del Negro, Domenico Giannone, Nora Traum, John Williams, and Brookings conference participants for helpful comments. Rene Chalom, Brendan Moore, and Jin Yan provided excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily represent those of the Federal Reserve Bank of New York, Federal Reserve Bank of Dallas, the Federal Reserve System, or the National Bureau of Economic Research.

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