Financial Frictions and the Wealth Distribution
NBER Working Paper No. 26302
---- Acknowledgments ----
We thank Manuel Arellano, Emmanuel Farhi, Xavier Gabaix, Lars Peter Hansen, Mark Gertler, Davide Melcangi, Ben Moll, Gianluca Violante, Ivan Werning, and participants at numerous seminars and conferences for pointed comments. The views expressed in this manuscript are those of the authors and do not necessarily represent the views of the Eurosystem or the Bank of Spain. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.