Uncertainty-Induced Reallocations and Growth
NBER Working Paper No. 26248
---- Acknowledgments ----
We thank K. Adams, N. Bloom, S. Davis, F. Gourio, K. Singleton, and A. Marcet for their early feedback. We thank our discussants M. Ulrich and I. Alfaro. We also thank the participants at the Asset Prices and the Macroeconomy Conference (U of Mannheim), Bocconi University, SITE, BI. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.