Front Matter

ROMAIN RANCIÈRE AND AARON TORNELL Financial Liberalization, Debt Mismatch, Allocative Ef ciency, and Growth VIKTOR SLAVTCHEV AND SIMON WIEDERHOLD Does the Technological Content of Government Demand Matter for Private R&D? Evidence from US States CHRISTOPHER R. KNITTEL AND ROBERT S. PINDYCK The Simple Economics of Commodity Price Speculation MASAZUMI HATTORI, ANDREAS SCHRIMPF, AND VLADYSLAV SUSHKO The Response of Tail Risk Perceptions to Unconventional Monetary Policy VIKTORIA HNATKOVSKA, AMARTYA LAHIRI, AND CARLOS A. VEGH The Exchange Rate Response to Monetary Policy Innovations MARIOS KARABARBOUNIS A Road Map for Ef ciently Taxing Heterogeneous Agents MAYA EDEN Excessive Financing Costs in a Representative Agent Framework A journal of the American Economic Association Richard Rogerson, Princeton University Simon Gilchrist, Boston University Virgiliu Midrigan, New York University Board of Editors Mark Bils Nick Bloom Francisco Buera Pierre Cahuc Yongsung Chang V. V. Chari John H. Cochrane Timothy Cogley Andrea Eisfeldt Jordi Galí James D. Hamilton Charles I. Jones Anil K Kashyap Nobuhiro Kiyotaki Christopher A. Pissarides Valerie A. Ramey Hélène Rey Martin Schneider Iván Werning Michael Woodford Tao Zha Editor Coeditors Managing Editor Michelle DeBlasi Assistant Managing Editor Kelly Andrews Editorial Offices 2403 Sidney Street, Suite 260, Pittsburgh, PA 15203 Phone: 412-432-2310, Fax: 412-431-3014 email: aejinfo@aeapubs.org URL: http://www.aeaweb.org/aej-macro/ Statement of Purpose The : focuses on studies of aggregate fluctuations and growth, and the role of policy in that context. Such studies often borrow from and interact with research in other fields, such as monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics. To the extent that they make a contribution to , papers in these fields are also welcome. We facilitate the...