Three Strikes and You.re Out: Reply to Cooper and Willis

ECONOMIC GROWTH CENTER

YALE UNIVERSITY

P.O. Box 208269

New Haven, CT 06520-8269

http://www.econ.yale.edu/~egcenter/

CENTER DISCUSSION PAPER NO. 883

THREE STRIKES AND YOU’RE OUT:
REPLY TO COOPER AND WILLIS

Ricardo J. Caballero
Massachusetts Institute of Technology
and

Eduardo M.R.A. Engel

Yale University

March 2004

Note: Center Discussion Papers are preliminary materials circulated to stimulate discussions and
critical comments. Caballero: Department of Economics, MIT, 50 Memorial Drive,
Cambridge, MA 02142, and National Bureau of Economic Research ([email protected]);
Engel: Department of Economics, Yale University, P.O. Box 208268, New Haven, CT
06520, and National Bureau of Economic Research ([email protected]).

This paper can be downloaded without charge from the Social Science Research Network
electronic library at: http://ssrn.com/abstract=512602

An index to papers in the Economic Growth Center Discussion Paper Series is located at:
http://www.econ.yale.edu/~egcenter/research.htm

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