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NATIONAL BUREAU OF ECONOMIC RESEARCH
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Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu, Francesco Zanetti

NBER Working Paper No. 26210
Issued in August 2019

---- Acknowledgments ----

We thank Davide Debortoli, Jan Eeckhout, Bob Hall, Ben Lester, Guido Menzio, Edouard Schaal, Shouyong Shi, Martin Uribe, and participants at multiple seminars for valuable comments and suggestions. Gorkem Bostanci provided outstanding research assistance. The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of Atlanta or the Federal Reserve System. Zanetti gratefully acknowledges financial support from the British Academy. The usual disclaimer applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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