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  • 2 months ago | nber.org | Peter Andre |Joel Flynn |Georgios Nikolakoudis |Karthik Sastry

    We are grateful to Kai Barron, Jonathon Hazell, David Laibson, Chen Lian, Lukas Nord, Ryan Oprea, Michael Peters, Oliver Pfäuti, Charlie Rafkin, Chris Roth, Tony Smith, Matthew White, Johannes Wohlfart, and seminar participants at the New York Fed, the University of Connecticut, the LAEF Workshop, CREI, Oxford, Cambridge, the Philadelphia Fed, Princeton, Columbia, and the 2024 Winter SED Meeting. We thank Zhuokai Huang for excellent research assistance.

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