The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle
---- Acknowledgments ----
We thank Rodrigo Adao, Gadi Barlevy, Bob Barsky, David Berger, Steve Davis, Emmanuel Farhi, Simon Gilchrist, Mike Golosov, Francois Gourio, Veronica Guerrieri, Jonathan Heathcote, Erik Hurst, Anil Kashyap, Jennifer La’O, Brent Neiman, Lilia Maliar (discussant), Brent Neiman, Pablo Ottonello, Rob Shimer, Henry Siu, Joe Vavra, and Christian Wolf for useful suggestions. We also thank seminar participants at the Southern Economic Association, North American Summer Meetings of the Econometric Society, International Conference for Computing in Economics and Finance, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Chicago, Norges Bank, Bundesbank, Penn-Wharton Budget Model, Chicago Booth, and University of Michigan. Winberry gratefully acknowledges financial support from Chicago Booth. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.