NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Monetary Policy and Reaching for Income

Kent Daniel, Lorenzo Garlappi, Kairong Xiao

NBER Working Paper No. 25344
Issued in December 2018

---- Acknowledgments ----

We thank Bo Becker (discussant), Paul Tetlock, Terrance Odean, Michaela Pagel, Julian Thimme (discussant), Annette Vissing-Jorgensen (discussant), Boris Vallee, Jeffrey Wurgler (discussant), David Solomon, Michael Weber (discussant), and participants in the NBER Behavioral Finance Meeting, the Duke/UNC Asset Pricing Conference, SFS Cavalcade, LBS Summer Symposium, the HEC-McGill Winter Finance Workshop, EFA 2018 Meetings, and the Rising Five-Star Workshop for helpful comments and discussions. We thank Adrien Alvero and Antony Anyosa for excellent research assistance. We also thank Terrance Odean for sharing the individual investor data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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