NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Revisiting the Hypothesis of High Discounts and High Unemployment

Paolo Martellini, Guido Menzio, Ludo Visschers

NBER Working Paper No. 27428
Issued in June 2020

---- Acknowledgments ----

We are grateful to Francesco Lippi, Jaroslav Borovicka, Victoria Gregory and Robert Ulbricht for their help, comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Guido Menzio ----

Nothing to disclose

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