The Causal Effects of Expected Depreciations

We thank Laura Alfaro, Prashant Bharadwaj, Christoph Boehm, Pierre De Leo, Andres Drenik, Andrew Fieldhouse, Masao Fukui, Gaetano Gaballo, Luca Gemmi, Linda Goldberg, Yuriy Gorodnichenko, James Hamilton, Ina Hajdini, Tarek Hassan, Jonathon Hazell, Nir Jaimovich, Ed Knotek, David Lagakos, Sarah Lein, Adrien Matray, Marc Muendler, Emi Nakamura, Sergio Ocampo, Suanna Oh, Pablo Ottonello, Noémie Pinardon-Touati, Jón Steinsson, Javier Turen, Jesse Schreger, Michael Weber, Johannes Wieland, Steve Wu, Chenzi Xu, and participants at various conferences and institutions for very useful comments and suggestions. We thank Jhan Andrade, Carolina Celis and Amber Sherman for excellent assistance on this project. The views expressed herein are those of the individual authors and do not necessarily reflect the official positions of the Inter-American Development Bank. The RCT was registered in the American Economic Association Registry for randomized control trials under trial number AEARCTR-0005700. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• randomized controlled trials registry entry