Macrofinancial History and the New Business Cycle Facts

We are grateful to Martin Eichenbaum and Jonathan Parker for their guidance and support. For helpful comments we thank our discussants Mark Gertler and Atif Mian, as well as the other conference participants. The scale of the data collection effort would not have been possible without the generous support of many colleagues at research institutions, national archives, central banks, and statistical offices who shared their data or directed us to potential sources. We are equally indebted to a large number of dedicated and enthusiastic research assistants in various places who chased references through many libraries and archives in various countries, in particular Katharina Knoll and Felix Ward. We are also especially grateful to Helen Irvin for outstanding assistance with the data analysis. Last, but not least, we have benefited from generous grants from the Institute for New Economic Thinking and the Volkswagen Foundation, who supported different parts of the data collection and analysis effort. The views expressed in this paper are the sole responsibility of the authors and do not necessarily reflect the views of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research.

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