Ricardo J. Caballero

Massachusetts Institute of Technology (MIT) - Department of Economics

Ford International Professor of Economics

50 Memorial Drive

Building E52-528

Cambridge, MA 02142

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Massachusetts Institute of Technology (MIT) - Department of Economics

    • Email
    • Tel: 617-253-0489
    • Fax: 617-253-1330
SCHOLARLY PAPERS

116

DOWNLOADS
Rank 1,056

SSRN RANKINGS

Top 1,056

in Total Papers Downloads

35,468

SSRN CITATIONS
Rank 113

SSRN RANKINGS

Top 113

in Total Papers Citations

1,703

CROSSREF CITATIONS

3,241

Scholarly Papers (116)

Actions:
Email selected abstracts
1.

Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome

Downloads 6,260 ( 1,690)
Citation 19

Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome

MIT Department of Economics Working Paper No. 10-16
Number of pages: 23 Posted: 27 Sep 2010 Last Revised: 10 Oct 2010
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 6,155 (1,720)
Citation 19

Abstract:

Loading...

Pretense of knowledge, DSGE, core and periphery of macroeconomics, financial crisis, complexity, robust control, uncertainty, rational expectations

Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome

NBER Working Paper No. w16429
Number of pages: 24 Posted: 12 Oct 2010 Last Revised: 23 May 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 105 (353,278)

Abstract:

Loading...

2.

A Caricature (Model) of the World Economy

MIT Department of Economics Working Paper No. 10-17
Number of pages: 18 Posted: 14 Dec 2010
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 3,942 (3,699)
Citation 1

Abstract:

Loading...

Global equilibrium, shortage of assets, interest rates, asset prices, booms and busts, sovereign crises, financial reform and development, fiscal deficits, flight to quality, decoupling, quantitative easing

3.

The 'Other' Imbalance and the Financial Crisis

MIT Department of Economics Working Paper No. 09-32
Number of pages: 43 Posted: 31 Dec 2009
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 1,277 (22,536)
Citation 11

Abstract:

Loading...

Global imbalances, financial crisis, safe assets shortage, securitization, systemic fragility, panic, complexity, Knightian uncertainty, contingent insurance, TIC, contingent CDS

4.

Flight to Quality and Bailouts: Policy Remarks and a Literature Review

MIT Department of Economics Working Paper No. 08-21
Number of pages: 27 Posted: 09 Nov 2008
Ricardo J. Caballero and Pablo D. Kurlat
Massachusetts Institute of Technology (MIT) - Department of Economics and Stanford University - Department of Economics
Downloads 1,078 (28,862)
Citation 22

Abstract:

Loading...

subprime crisis, liquidity, bailout, intermediation, credit spreads

5.

Complexity and Financial Panics

Downloads 1,029 ( 30,872)
Citation 3

Complexity and Financial Panics

MIT Department of Economics Working Paper No. 09-17
Number of pages: 37 Posted: 05 Jun 2009 Last Revised: 13 Dec 2016
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 925 (35,348)
Citation 3

Abstract:

Loading...

Financial network, complexity, uncertainty, flight to quality, cascades,crises, information cost, financial panic, credit crunch

Complexity and Financial Panics

NBER Working Paper No. w14997
Number of pages: 37 Posted: 26 May 2009 Last Revised: 25 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 104 (355,566)

Abstract:

Loading...

6.

Carry Trade and Systemic Risk: Why are FX Options So Cheap?

Downloads 1,002 ( 32,044)

Carry Trade and Systemic Risk: Why are FX Options So Cheap?

MIT Department of Economics Working Paper No. 12-28
Number of pages: 45 Posted: 12 Dec 2012
Ricardo J. Caballero and Joseph B. Doyle
Massachusetts Institute of Technology (MIT) - Department of Economics and Cornerstone Research
Downloads 866 (38,803)

Abstract:

Loading...

carry trade, forward premium puzzle, vix futures and rolldown, interest parity condition, Fama-French factors

Carry Trade and Systemic Risk: Why are FX Options so Cheap?

NBER Working Paper No. w18644
Number of pages: 45 Posted: 22 Dec 2012 Last Revised: 12 Jun 2022
Ricardo J. Caballero and Joseph B. Doyle
Massachusetts Institute of Technology (MIT) - Department of Economics and Cornerstone Research
Downloads 136 (292,646)

Abstract:

Loading...

7.

The 'Surprising' Origin and Nature of Financial Crises: A Macroeconomic Policy Proposal

MIT Department of Economics Working Paper No. 09-24
Number of pages: 40 Posted: 15 Sep 2009
Ricardo J. Caballero and Pablo D. Kurlat
Massachusetts Institute of Technology (MIT) - Department of Economics and Stanford University - Department of Economics
Downloads 875 (38,837)
Citation 27

Abstract:

Loading...

financial crises, Knightian uncertainty, macroeconomic risk, credit default swaps, asset insurance

8.

The Future of the IMF

Number of pages: 14 Posted: 22 Jan 2003
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 708 (51,567)
Citation 14

Abstract:

Loading...

Capital Flows, Crises, Hedging, Insurance, Contingent Markets, Contractible and Noncontractible Shocks, Contingent-market and Crises Department, IMF, IFIs, Contingent-EM-CDO, Fiscal and Monetary Rules

9.

Zombie Lending and Depressed Restructuring in Japan

Downloads 591 ( 65,024)
Citation 328

Zombie Lending and Depressed Restructuring in Japan

MIT Economics Working Paper No. 06-06
Number of pages: 56 Posted: 10 Mar 2006
Ricardo J. Caballero, Takeo Hoshi and Anil K. Kashyap
Massachusetts Institute of Technology (MIT) - Department of Economics, University of California at San Diego and University of Chicago, Booth School of Business
Downloads 442 (91,934)
Citation 8

Abstract:

Loading...

Japan, zombies, investment, employment, job flows, restructuring, bankruptcy, creative destruction, productivity, congestion, sclerosis, scrambling, distortions, lost decade, subsidies

Zombie Lending and Depressed Restructuring in Japan

NBER Working Paper No. w12129
Number of pages: 72 Posted: 16 May 2006 Last Revised: 21 Feb 2022
Ricardo J. Caballero, Takeo Hoshi and Anil K. Kashyap
Massachusetts Institute of Technology (MIT) - Department of Economics, University of California at San Diego and University of Chicago, Booth School of Business
Downloads 149 (272,175)
Citation 103

Abstract:

Loading...

10.

Creative Destruction and Development: Institutions, Crises, and Restructuring

Downloads 590 ( 65,173)
Citation 2

Creative Destruction and Development: Institutions, Crises, and Restructuring

Number of pages: 42 Posted: 14 Aug 2000
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 521 (75,377)
Citation 2

Abstract:

Loading...

Creative Destruction and Development: Institutions, Crises, and Restructuring

NBER Working Paper No. w7849
Number of pages: 42 Posted: 20 Aug 2000 Last Revised: 13 Jun 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 69 (456,103)

Abstract:

Loading...

11.

A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a 'COVID-19' Shock

Number of pages: 61 Posted: 16 Apr 2020 Last Revised: 17 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 539 (73,051)
Citation 28

Abstract:

Loading...

Risk intolerance, leverage, asset price spirals, aggregate supply and demand, recessions, conventional and unconventional monetary policy, multiple equilibria, LSAPs, asset demand (in)elasticity, COVID-19

12.

Effective Labor Regulation and Microeconomic Flexibility

Downloads 508 ( 78,551)
Citation 21

Effective Labor Regulation and Microeconomic Flexibility

Cowles Foundation Discussion Paper No. 1480, MIT Department of Economics Working Paper No. 04-30, Yale University Economic Growth Center Discussion Paper No. 893, FRB of Boston Working Paper No. 04-6
Number of pages: 30 Posted: 25 Aug 2004 Last Revised: 02 Mar 2011
Ricardo J. Caballero, Eduardo M. R. A. Engel, Kevin Cowan and Alejandro Micco
Massachusetts Institute of Technology (MIT) - Department of Economics, Yale University - Department of Economics, Adolfo Ibanez University and University of Chile
Downloads 436 (93,423)
Citation 2

Abstract:

Loading...

Microeconomic rigidities, Creative-destruction, Job security regulation, Adjustment costs, Rule of law

Effective Labor Regulation and Microeconomic Flexibility

NBER Working Paper No. w10744
Number of pages: 34 Posted: 23 Sep 2004 Last Revised: 12 May 2022
Ricardo J. Caballero, Eduardo M. R. A. Engel, Kevin Cowan and Alejandro Micco
Massachusetts Institute of Technology (MIT) - Department of Economics, Yale University - Department of Economics, Adolfo Ibanez University and University of Chile
Downloads 72 (445,597)
Citation 1

Abstract:

Loading...

13.

Bubbles and Capital Flow Volatility: Causes and Risk Management

Downloads 487 ( 82,681)
Citation 70

Bubbles and Capital Flow Volatility: Causes and Risk Management

MIT Department of Economics Working Paper No. 05-20
Number of pages: 28 Posted: 21 Sep 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 425 (96,264)
Citation 7

Abstract:

Loading...

Emerging markets, bubbles, excess volatility, crashes, capital flow reversals, public debt market, financial underdevelopment, dynamic inefficiency

Bubbles and Capital Flow Volatility: Causes and Risk Management

NBER Working Paper No. w11618
Number of pages: 28 Posted: 17 Nov 2005 Last Revised: 01 Apr 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 62 (482,189)
Citation 11

Abstract:

Loading...

14.

On the Macroeconomics of Asset Shortages

Downloads 449 ( 91,069)
Citation 31

On the Macroeconomics of Asset Shortages

MIT Department of Economics Working Paper No. 06-30
Number of pages: 17 Posted: 01 Dec 2006
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 360 (116,495)

Abstract:

Loading...

Asset shortages, high valuations, speculative bubbles, low interest rates, low inflation, monetary policy, lender of last resort

On the Macroeconomics of Asset Shortages

NBER Working Paper No. w12753
Number of pages: 17 Posted: 13 Dec 2006 Last Revised: 08 May 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 89 (393,234)
Citation 2

Abstract:

Loading...

15.

A 'Vertical' Analysis of Monetary Policy in Emerging Markets

Number of pages: 30 Posted: 09 May 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 439 (93,467)
Citation 4

Abstract:

Loading...

External shocks, domestic and international liquidity, monetary policy, interest parity departures, exchange rate overshooting, fear of floating, commitment, credibility, underinsurance

16.

Coping with Chile's External Vulnerability: A Financial Problem

Number of pages: 46 Posted: 10 Jul 2001
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 436 (94,195)
Citation 20

Abstract:

Loading...

Financial underdevelopment, external shocks, capital flows, segmented financial markets, hedging, illiquid markets, underinsurance, contingent bonds

17.

A Dual Liquidity Model for Emerging Markets

Downloads 433 ( 95,003)
Citation 16

A Dual Liquidity Model for Emerging Markets

Number of pages: 10 Posted: 17 Jan 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 389 (106,663)

Abstract:

Loading...

Capital flows, external crises, international and domestic liquidity, monetary policy, fiscal policy, underinsurance

A Dual Liquidity Model for Emerging Markets

NBER Working Paper No. w8758
Number of pages: 11 Posted: 02 Feb 2002 Last Revised: 08 Jun 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 44 (563,155)
Citation 2

Abstract:

Loading...

A Dual Liquidity Model for Emerging Markets

Posted: 30 Aug 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management

Abstract:

Loading...

18.

Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models

Downloads 410 (101,175)
Citation 3

Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models

Yale Economic Growth Center Discussion Paper No. 865, Cowles Foundation Discussion Paper No. 1430, MIT Department of Economics Working Paper No. 03-25
Number of pages: 33 Posted: 08 Aug 2003 Last Revised: 02 Mar 2011
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 371 (112,545)
Citation 1

Abstract:

Loading...

Speed of adjustment, Discrete adjustment, Lumpy adjustment, Aggregation, Calvo model, ARMA process, Partial adjustment, Expected response time, Monetary policy, Investment, Labor demand, Sticky prices, Idiosyncratic shocks, Impulse response function, Time-to-build

Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models

NBER Working Paper No. w9898
Number of pages: 58 Posted: 17 Aug 2003 Last Revised: 20 Jul 2022
David Berger, Ricardo J. Caballero and Eduardo M. R. A. Engel
Northwestern University, Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University - Department of Economics
Downloads 39 (590,136)
Citation 1

Abstract:

Loading...

19.

Macroeconomics Volatility in Latin America: A View and Three Case Studies

Number of pages: 44 Posted: 17 Jul 2000
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 410 (101,175)
Citation 1

Abstract:

Loading...

Volatility, Financial Constraints, Capital Flows, Terms of Trade, Banking Crises, Illiquidity, Emerging Markets, Macroeconomic Policy, Contingent Policies, Corporate Governance

20.

Fiscal Policy and Financial Depth

Downloads 394 (105,929)
Citation 7

Fiscal Policy and Financial Depth

Number of pages: 22 Posted: 20 May 2004
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 330 (128,263)

Abstract:

Loading...

sudden stops, financial depth, fiscal deficits, liquidity crises, populism, crowding out

Fiscal Policy and Financial Depth

NBER Working Paper No. w10532
Number of pages: 22 Posted: 11 Jun 2004 Last Revised: 13 Apr 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 64 (474,434)

Abstract:

Loading...

21.

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

Downloads 379 (110,733)
Citation 7

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

Number of pages: 48 Posted: 26 Jul 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 339 (124,638)

Abstract:

Loading...

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

NBER Working Paper No. w7740
Number of pages: 49 Posted: 12 Jun 2000 Last Revised: 25 Feb 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 40 (584,652)

Abstract:

Loading...

22.

An Equilibrium Model of Global Imbalances and Low Interest Rates

Downloads 376 (111,723)
Citation 167

An Equilibrium Model of Global Imbalances and Low Interest Rates

MIT Department of Economics Working Paper No. 06-02
Number of pages: 55 Posted: 20 Jan 2006
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 310 (136,986)
Citation 26

Abstract:

Loading...

Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

NBER Working Paper No. w11996
Number of pages: 54 Posted: 01 Jun 2006 Last Revised: 13 Apr 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 66 (466,843)
Citation 29

Abstract:

Loading...

23.

Speculative Growth: Hints from the U.S. Economy

Downloads 376 (111,723)
Citation 18

Speculative Growth: Hints from the U.S. Economy

Number of pages: 52 Posted: 06 Jun 2004
Ricardo J. Caballero, Emmanuel Farhi and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 339 (124,638)

Abstract:

Loading...

Bubbles, investment, cost of capital, growth-saving feedback, multiple equilibria, dynamic efficiency and inefficiency, new economy, spillovers, fiscal and current account surpluses

Speculative Growth: Hints from the Us Economy

NBER Working Paper No. w10518
Number of pages: 52 Posted: 08 Jun 2004 Last Revised: 30 Mar 2022
Ricardo J. Caballero, Emmanuel Farhi and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 37 (601,594)
Citation 5

Abstract:

Loading...

24.

Institutions, Restructuring, and Macroeconomic Performance

Downloads 358 (118,030)
Citation 7

Institutions, Restructuring, and Macroeconomic Performance

Number of pages: 40 Posted: 26 Jul 2000
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 307 (138,466)
Citation 1

Abstract:

Loading...

Institutions, Restructuring, and Macroeconomic Performance

NBER Working Paper No. w7720
Number of pages: 40 Posted: 12 Jun 2000 Last Revised: 07 Aug 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 51 (528,999)

Abstract:

Loading...

25.

Financial System Risk and Flight to Quality

Downloads 350 (120,996)
Citation 2

Financial System Risk and Flight to Quality

MIT Department of Economics Working Paper No. 05-31
Number of pages: 39 Posted: 30 Nov 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 308 (137,929)

Abstract:

Loading...

Locked collateral, flight to quality, insurance, risk premia, financial intermediaries, lender of last resort, private sector multiplier, collateral shocks, robust control

Financial System Risk and Flight to Quality

NBER Working Paper No. w11834
Number of pages: 39 Posted: 27 Dec 2005 Last Revised: 04 May 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 42 (573,724)

Abstract:

Loading...

26.

International Liquidity Illusion: On the Risks of Sterilization

Downloads 332 (128,177)
Citation 1

International Liquidity Illusion: On the Risks of Sterilization

Number of pages: 36 Posted: 16 Feb 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 286 (149,034)
Citation 1

Abstract:

Loading...

Capital flows, sterilization policy, monetary policy, financial constraints, balance sheets, excessive leverage, short term capital flows, debt maturity, quasi-fiscal deficit, soverign risk, illiquidity

International Liquidity Illusion: On the Risks of Sterilization

NBER Working Paper No. w8141
Number of pages: 36 Posted: 22 Feb 2001 Last Revised: 01 Apr 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 46 (552,925)

Abstract:

Loading...

27.

Financial Integration Without the Volatility

MIT Department of Economics Working Paper No. 08-04
Number of pages: 61 Posted: 04 Dec 2006
Ricardo J. Caballero and Kevin Cowan
Massachusetts Institute of Technology (MIT) - Department of Economics and Central Bank of Chile
Downloads 324 (131,490)
Citation 9

Abstract:

Loading...

28.

International and Domestic Collateral Constraints in a Model of Emerging Market Crises

Downloads 322 (132,323)
Citation 89

International and Domestic Collateral Constraints in a Model of Emerging Market Crises

Number of pages: 36 Posted: 05 Oct 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 269 (158,596)
Citation 93

Abstract:

Loading...

Capital flows. fires sales, microeconomic and aggregate financial constraints, contractual and corporate governance problems, balance sheets, wasted collateral, domestic and foreign spreads, excessive leverage, collateral under provision, real depreciation, banks.

International and Domestic Collateral Constraints in a Model of Emerging Market Crises

NBER Working Paper No. w7971
Number of pages: 36 Posted: 22 Oct 2000 Last Revised: 14 Apr 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 53 (519,807)

Abstract:

Loading...

29.

Flight to Quality and Collective Risk Management

Downloads 312 (136,700)

Flight to Quality and Collective Risk Management

MIT Department of Economics Working Paper No. 06-07
Number of pages: 33 Posted: 23 Mar 2006
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 264 (161,732)

Abstract:

Loading...

Locked collateral, flight to quality, insurance, safe and risky claims, financial intermediaries, collective bias, lender of last resort, private sector multiplier, collateral shocks, robust control

Flight to Quality and Collective Risk Management

NBER Working Paper No. w12136
Number of pages: 33 Posted: 18 May 2006 Last Revised: 28 Feb 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 48 (543,127)

Abstract:

Loading...

30.

Excessive Dollar Debt: Financial Development and Underinsurance

Downloads 307 (139,172)
Citation 61

Excessive Dollar Debt: Financial Development and Underinsurance

Number of pages: 31 Posted: 19 Apr 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 307 (138,466)
Citation 61

Abstract:

Loading...

Currency mismatch, balance sheets, international liquidity, contingent credit lines, thin markets, limited participation

Excessive Dollar Debt: Financial Development and Underinsurance

Posted: 24 Jul 2003
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management

Abstract:

Loading...

31.

Price Stickiness in SS Models: New Interpretations of Old Results

Downloads 288 (148,708)
Citation 54

Price Stickiness in SS Models: New Interpretations of Old Results

Cowles Foundation Discussion Paper No. 1603, MIT Department of Economics Working Paper No. 07-07, Yale University Economic Growth Center Discussion Paper No. 952
Number of pages: 30 Posted: 14 Feb 2007
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 254 (168,087)

Abstract:

Loading...

Aggregate price stickiness, adjustment hazard, adjustment frequency, generalized Ss model, extensive margin, Calvo model, strategic complementarities

Price Stickiness in Ss Models: New Interpretations of Old Results

NBER Working Paper No. w12945
Number of pages: 30 Posted: 09 Mar 2007 Last Revised: 16 May 2022
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 34 (619,707)
Citation 12

Abstract:

Loading...

32.

A Risk-Centric Model of Demand Recessions and Speculation

Downloads 280 (152,946)
Citation 28

A Risk-Centric Model of Demand Recessions and Speculation

MIT Department of Economics Working Paper No. 17-07
Number of pages: 114 Posted: 25 Jul 2017 Last Revised: 12 Feb 2020
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 174 (238,897)
Citation 7

Abstract:

Loading...

risk premium shocks, asset prices, aggregate demand, interest rate rigidity, booms and recessions, heterogeneous beliefs, speculation, monetary and macroprudential policy, the Fed put

A Risk-Centric Model of Demand Recessions and Macroprudential Policy

BIS Working Paper No. 733
Number of pages: 64 Posted: 16 Jul 2018
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 86 (401,807)
Citation 3

Abstract:

Loading...

Risk premium shocks, asset prices, aggregate demand, interest rate rigidity booms and recessions, heterogeneous beliefs, speculation, monetary and macroprudential policy

A Risk-Centric Model of Demand Recessions and Speculation

NBER Working Paper No. w23614
Number of pages: 115 Posted: 25 Jul 2017 Last Revised: 09 Jan 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 19 (732,754)

Abstract:

Loading...

A Risk-Centric Model of Demand Recessions and Speculation

CEPR Discussion Paper No. DP13815
Number of pages: 118 Posted: 30 Jul 2019 Last Revised: 02 Mar 2020
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 1 (930,046)
Citation 20
  • Add to Cart

Abstract:

Loading...

aggregate demand, asset prices, belief disagreements, booms and recessions, extrapolation, interest rate rigidity, monetary and macroprudential policy, Speculation, Time-varying risk premium, Uncertainty shocks

33.

On the International Financial Architecture: Insuring Emerging Markets

Downloads 278 (154,072)
Citation 4

On the International Financial Architecture: Insuring Emerging Markets

Number of pages: 11 Posted: 28 Apr 2003
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 246 (173,419)

Abstract:

Loading...

Capital Flows, Crises, Hedging, Insurance, Contingent Markets, Specialists, Contractible and Noncontractible Shocks, Collateralized Debt Obligations

On the International Financial Architecture: Insuring Emerging Markets

NBER Working Paper No. w9570
Number of pages: 11 Posted: 14 Mar 2003 Last Revised: 25 Feb 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 32 (632,478)

Abstract:

Loading...

34.

Aggregate Volatility in Modern Latin America: Causes and Cures

Number of pages: 37 Posted: 17 Jul 2000
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 275 (155,717)
Citation 2

Abstract:

Loading...

Volatility, Financial Constraints, Capital Flows, Terms of Trade, Banking Crises, Illiquidity, Emerging Markets, Macroecnomic Policy, Contingent Policies, Corporate Governance

35.

A Quantitative Model of Sudden Stops and External Liquidity Management

Downloads 263 (162,940)
Citation 5

A Quantitative Model of Sudden Stops and External Liquidity Management

Number of pages: 51 Posted: 12 Apr 2005
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 222 (191,541)

Abstract:

Loading...

Capital flows, sudden stops, reserves, international liquidity and liability management, specialists, world capital markets, swaps, insurance, hedging, options, hidden states, Bayesian methods

A Quantitative Model of Sudden Stops and External Liquidity Management

NBER Working Paper No. w11293
Number of pages: 51 Posted: 06 Jun 2005 Last Revised: 12 May 2022
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 41 (579,127)

Abstract:

Loading...

36.

A Note on Temporary Supply Shocks with Aggregate Demand Inertia

Downloads 262 (163,596)

A Note on Temporary Supply Shocks with Aggregate Demand Inertia

Number of pages: 49 Posted: 05 Feb 2022 Last Revised: 01 Jul 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 241 (176,997)

Abstract:

Loading...

Monetary policy, interest rates, temporary supply shocks, aggregate demand inertia, inflation, divine coincidence, policy frontloading, backward guidance, momentum, output and inflation gaps, the Phillips curve, Covid-19

A Note on Temporary Supply Shocks with Aggregate Demand Inertia

CESifo Working Paper No. 9603
Number of pages: 51 Posted: 03 Mar 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 19 (732,754)

Abstract:

Loading...

monetary policy, interest rates, temporary supply shocks, aggregate demand inertia, inflation, Taylor rule, divine coincidence, policy frontloading, aggregate demand momentum, output and inflation gaps, the Phillips curve, Covid-19

A Note on Temporary Supply Shocks with Aggregate Demand Inertia

NBER Working Paper No. w29815
Number of pages: 50 Posted: 07 Mar 2022 Last Revised: 06 Jul 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 2 (913,434)
  • Add to Cart

Abstract:

Loading...

A Note on Temporary Supply Shocks with Aggregate Demand Inertia

CEPR Discussion Paper No. DP16814
Number of pages: 45 Posted: 11 Feb 2022 Last Revised: 29 Mar 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 0
  • Add to Cart

Abstract:

Loading...

aggregate demand inertia, aggregate demand momentum, COVID-19, divine coincidence, inflation, interest rates, monetary policy, output and inflation gaps, Taylor rule, temporary supply shocks

37.

A 'Vertical' Analysis of Crises and Intervention: Fear of Floating and Ex-Ante Problems

Downloads 259 (165,500)
Citation 2

A 'Vertical' Analysis of Crises and Intervention: Fear of Floating and Ex-Ante Problems

Number of pages: 33 Posted: 25 Jul 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 222 (191,541)
Citation 2

Abstract:

Loading...

External shocks, domestic and international liquidity, monetary policy, interest parity departures, exchange rate systems, overshooting

A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-Ante Problems

NBER Working Paper No. w8428
Number of pages: 33 Posted: 14 Aug 2001 Last Revised: 14 Jul 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 37 (601,594)

Abstract:

Loading...

38.

Future Rent-Seeking and Current Public Savings

Downloads 258 (166,134)
Citation 17

Future Rent-Seeking and Current Public Savings

MIT Department of Economics Working Paper No. 08-20
Number of pages: 34 Posted: 10 Oct 2008 Last Revised: 06 Sep 2011
Ricardo J. Caballero and Pierre Yared
Massachusetts Institute of Technology (MIT) - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 231 (184,350)
Citation 21

Abstract:

Loading...

public debt, politicians, economic and political risk, rent-seeking, precautionary savings, starve-the-beast, fiscal rules

Future Rent-Seeking and Current Public Savings

Journal of International Economics, Vol. 82, pp. 124-136, 2010
Number of pages: 37 Posted: 27 Oct 2011
Ricardo J. Caballero and Pierre Yared
Massachusetts Institute of Technology (MIT) - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 14 (778,836)

Abstract:

Loading...

Future Rent-Seeking and Current Public Savings

NBER Working Paper No. w14417
Number of pages: 34 Posted: 23 Oct 2008 Last Revised: 25 May 2022
Ricardo J. Caballero and Pierre Yared
Massachusetts Institute of Technology (MIT) - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 13 (788,753)

Abstract:

Loading...

39.

Smoothing Sudden Stops

Downloads 246 (173,992)
Citation 16

Smoothing Sudden Stops

Number of pages: 26 Posted: 25 Jul 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 222 (191,541)
Citation 16

Abstract:

Loading...

External Shocks, domestic and international collateral, underinsurance, credit lines, liquidity requirements, asset market intervention

Smoothing Sudden Stops

NBER Working Paper No. w8427
Number of pages: 26 Posted: 14 Aug 2001 Last Revised: 13 Jul 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 24 (690,843)

Abstract:

Loading...

40.

The Safety Trap

Downloads 239 (178,909)
Citation 69

The Safety Trap

MIT Department of Economics Working Paper No. 14-08
Number of pages: 67 Posted: 25 Feb 2014 Last Revised: 13 Dec 2016
Ricardo J. Caballero and Emmanuel Farhi
Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
Downloads 194 (217,238)
Citation 1

Abstract:

Loading...

The Safety Trap

NBER Working Paper No. w19927
Number of pages: 69 Posted: 24 Feb 2014 Last Revised: 13 Jun 2022
Ricardo J. Caballero and Emmanuel Farhi
Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
Downloads 45 (558,008)
Citation 34

Abstract:

Loading...

41.

An Equilibrum Model of 'Global Imbalances' and Low Interest Rates

BIS Working Paper No. 222
Number of pages: 88 Posted: 20 Sep 2007
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 235 (181,809)

Abstract:

Loading...

Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

42.

Microeconomic Flexibility in Latin America

Downloads 232 (183,988)
Citation 6

Microeconomic Flexibility in Latin America

Number of pages: 35 Posted: 04 Mar 2004
Ricardo J. Caballero, Eduardo M. R. A. Engel and Alejandro Micco
Massachusetts Institute of Technology (MIT) - Department of Economics, Yale University - Department of Economics and University of Chile
Downloads 204 (207,472)

Abstract:

Loading...

Microeconomic rigidities, creative-destruction, job flows, restructuring and reallocation, productivity growth

Microeconomic Flexibility in Latin America

NBER Working Paper No. w10398
Number of pages: 35 Posted: 09 Apr 2004 Last Revised: 01 Jun 2022
Ricardo J. Caballero, Eduardo M. R. A. Engel and Alejandro Micco
Massachusetts Institute of Technology (MIT) - Department of Economics, Yale University - Department of Economics and University of Chile
Downloads 28 (660,196)
Citation 1

Abstract:

Loading...

43.

Fire Sales in a Model of Complexity

Downloads 228 (187,040)
Citation 68

Fire Sales in a Model of Complexity

MIT Department of Economics Working Paper No. 09-28
Number of pages: 43 Posted: 31 Oct 2009 Last Revised: 06 Apr 2011
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 199 (212,263)
Citation 69

Abstract:

Loading...

Fire sales, uncertainty, complexity, financial network, cascades, market freezes, crises, financial panic, credit crunch, externality

Fire Sales in a Model of Complexity

NBER Working Paper No. w15479
Number of pages: 35 Posted: 09 Nov 2009 Last Revised: 18 Apr 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 29 (652,990)

Abstract:

Loading...

44.

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

Downloads 227 (187,832)
Citation 1

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

Number of pages: 34 Posted: 26 Jul 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 192 (219,180)
Citation 1

Abstract:

Loading...

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

NBER Working Paper No. w7792
Number of pages: 34 Posted: 19 Jul 2000 Last Revised: 18 Apr 2021
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 35 (613,609)

Abstract:

Loading...

45.

Emerging Market Crises: An Asset Markets Perspective

Downloads 224 (190,189)
Citation 5

Emerging Market Crises: An Asset Markets Perspective

Number of pages: 51 Posted: 18 Dec 1998
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 192 (219,180)
Citation 6

Abstract:

Loading...

Emerging Market Crises: an Asset Markets Perspective

NBER Working Paper No. w6843
Number of pages: 46 Posted: 18 Aug 2000 Last Revised: 14 Mar 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 32 (632,478)

Abstract:

Loading...

46.

Contingent Reserves Management: An Applied Framework

Downloads 218 (195,314)
Citation 5

Contingent Reserves Management: An Applied Framework

Number of pages: 26 Posted: 24 Sep 2004
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 166 (248,669)

Abstract:

Loading...

Sudden stops, reserves, portfolio, VIX, hedging, options, futures.

Contingent Reserves Management: An Applied Framework

NBER Working Paper No. w10786
Number of pages: 26 Posted: 05 Oct 2004 Last Revised: 23 Jun 2022
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 52 (524,335)

Abstract:

Loading...

47.

A Global Equilibrium Model of Sudden Stops and External Liquidity Management

MIT Department of Economics Working Paper No. 08-05
Number of pages: 54 Posted: 20 Mar 2008
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 212 (200,320)
Citation 17

Abstract:

Loading...

Capital flows, sudden stops, reserves, international liquidity management, world, capital markets, swaps, insurance, hedging, options, hidden states, Bayesian methods

48.

Sudden Financial Arrest

MIT Department of Economics Working Paper No. 09-29
Number of pages: 48 Posted: 15 Nov 2009
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 211 (201,235)
Citation 10

Abstract:

Loading...

Financial crisis, panic, defibrillation, complexity, Knightian uncertainty, moral hazard, financial network, capital requirements, contingent capital, contingent insurance, IMF

49.

Trade and Capital Flows: A Financial Frictions Perspective

Downloads 209 (203,016)
Citation 69

Trade and Capital Flows: A Financial Frictions Perspective

MIT Department of Economics Working Paper No. 08-06
Number of pages: 45 Posted: 20 Mar 2008
Pol Antras and Ricardo J. Caballero
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 166 (248,669)
Citation 3

Abstract:

Loading...

Trade, capital mobility, capital flows, globalization, financial frictions, complementarities, factor payments, saving rate, global imbalances, protectionism.

Trade and Capital Flows: A Financial Frictions Perspective

NBER Working Paper No. w13241
Number of pages: 42 Posted: 27 Sep 2007 Last Revised: 07 Mar 2022
Pol Antras and Ricardo J. Caballero
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 43 (568,387)
Citation 16

Abstract:

Loading...

50.

Rents, Technical Change, and Risk Premia

MIT Department of Economics Working Paper No. 17-05
Number of pages: 13 Posted: 24 Mar 2017
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 205 (206,728)

Abstract:

Loading...

51.

Exchange Rate Volatility and the Credit Channel in the Emerging Markets: A Vertical Perspective

Number of pages: 34 Posted: 07 Jun 2004
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 204 (207,642)
Citation 1

Abstract:

Loading...

External shocks, segmented capital markets, credit squeeze, monetary policy, interest parity departures, exchange rate overshooting, fear of floating, underinsurance, capital controls

52.

Lumpy Investment in Dynamic General Equilibrium

MIT Department of Economics Working Paper No. 06-20, Cowles Foundation Discussion Paper No. 1566
Number of pages: 53 Posted: 20 Jun 2006
Ruediger Bachmann, Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University, Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 203 (208,574)
Citation 13

Abstract:

Loading...

(S, s) model, RBC model, time-varying impulse response function, aggregate shocks, sectoral shocks, idiosyncratic shocks, adjustment costs, history dependence, moment matching

53.

Fear of Sudden Stops: Lessons from Australia and Chile

Downloads 197 (214,298)
Citation 10

Fear of Sudden Stops: Lessons from Australia and Chile

Number of pages: 56 Posted: 20 May 2004
Ricardo J. Caballero, Kevin Cowan and Jonathan Kearns
Massachusetts Institute of Technology (MIT) - Department of Economics, Adolfo Ibanez University and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 167 (247,344)

Abstract:

Loading...

Sudden stops, Australia, Chile

Fear of Sudden Stops: Lessons from Australia and Chile

NBER Working Paper No. w10519
Number of pages: 55 Posted: 08 Jun 2004 Last Revised: 31 Mar 2022
Ricardo J. Caballero, Kevin Cowan and Jonathan Kearns
Massachusetts Institute of Technology (MIT) - Department of Economics, Adolfo Ibanez University and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 30 (646,011)
Citation 2

Abstract:

Loading...

Fear of Sudden Stops: Lessons from Australia and Chile

IDB Working Paper No. 420
Posted: 25 Apr 2011
Ricardo J. Caballero, Kevin Cowan and Jonathan Kearns
Massachusetts Institute of Technology (MIT) - Department of Economics, Adolfo Ibanez University and Bank for International Settlements (BIS) - Monetary and Economic Department

Abstract:

Loading...

54.

Inflation Targets and Sudden Stops

Number of pages: 28 Posted: 13 Apr 2003
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 191 (220,282)

Abstract:

Loading...

External Shocks, Domestic and International Liquidity, Inflation Targeting, Fear of Floating, Commitment, Underinsurance

55.

A Monetary Policy Asset Pricing Model

Downloads 185 (226,424)

A Monetary Policy Asset Pricing Model

Number of pages: 47 Posted: 20 May 2022 Last Revised: 03 Aug 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 179 (233,000)

Abstract:

Loading...

Monetary policy, asset prices, interest rates, volatility, risk premium, aggregate demand and supply, shocks, transmission lags, inertia, overshooting, beliefs, disagreements, policy mistakes, behind-the-curve

A Monetary Policy Asset Pricing Model

NBER Working Paper No. w30132
Number of pages: 47 Posted: 13 Jun 2022 Last Revised: 18 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 6 (862,371)
  • Add to Cart

Abstract:

Loading...

56.

Risk-Centric Macroeconomics and Safe Asset Shortages in the Global Economy: An Illustration of Mechanisms and Policies

Number of pages: 30 Posted: 13 Oct 2018
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 179 (232,912)
Citation 4

Abstract:

Loading...

Risk-Market Imbalances, Safe Assets, Financial Underdevelopment, Sudden Stops, Crises, Global Imbalances, Low Interest Rates, Reach-for-Yield, Recessions, Speculation, Panics, Knightian Uncertainty, Flight-to-Safety, Put-Policies, Safety Traps, Global Spillovers, Aggregate Demand, Macroprudential

57.

Aggregate Investment

Downloads 178 (234,056)
Citation 103

Aggregate Investment

NBER Working Paper No. w6264
Number of pages: 70 Posted: 09 Jul 2000 Last Revised: 13 Feb 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 178 (234,161)
Citation 1

Abstract:

Loading...

Aggregate Investment

Posted: 20 Nov 1998
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics

Abstract:

Loading...

58.

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

Downloads 161 (254,863)
Citation 6

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

BIS Working Paper No. 772
Number of pages: 57 Posted: 11 Mar 2019
Ricardo J. Caballero and Güneş Kamber
Massachusetts Institute of Technology (MIT) - Department of Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 155 (263,544)

Abstract:

Loading...

Risk-off, conventional and unconventional monetary policy, policy-puts, spillovers, macroeconomic fundamentals, developed and emerging markets, Asia-Pacific region

On the Global Impact of Risk-Off Shocks and Policy-Put Frameworks

NBER Working Paper No. w26031
Number of pages: 55 Posted: 09 Jul 2019 Last Revised: 16 Feb 2022
Ricardo J. Caballero and Güneş Kamber
Massachusetts Institute of Technology (MIT) - Department of Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 6 (862,371)
Citation 5

Abstract:

Loading...

59.

Hedging Sudden Stops & Precautionary Contractions

MIT Department of Economics Working Paper No. 03-19
Number of pages: 59 Posted: 09 Jun 2003
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 160 (256,180)
Citation 32

Abstract:

Loading...

Capital flows, sudden stops, financial constraints, contractions, hedging, insurance, signals

60.

Global Imbalances and Financial Fragility

NBER Working Paper No. w14688
Number of pages: 13 Posted: 31 Jan 2009 Last Revised: 19 Feb 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 155 (262,898)
Citation 18

Abstract:

Loading...

61.

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

Downloads 153 (265,626)
Citation 1

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

Number of pages: 73 Posted: 13 Aug 2020 Last Revised: 20 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 82 (413,406)

Abstract:

Loading...

Monetary policy, aggregate demand inertia, lags, output gap, recovery, asset prices, overshooting, Wall/Main Street disconnect, Covid-19, interest rate lower bound, macroeconomic news, market bond portfolio, QE/LSAPs

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

NBER Working Paper No. w27712
Number of pages: 74 Posted: 25 Aug 2020 Last Revised: 20 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 43 (568,387)

Abstract:

Loading...

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

CESifo Working Paper No. 9632
Number of pages: 76 Posted: 22 Mar 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 27 (667,499)

Abstract:

Loading...

monetary policy, aggregate demand inertia, lags, output gap, recovery, asset prices, overshooting, Wall/Main Street disconnect, Covid-19, interest rate lower bound, macroeconomic news, market bond portfolio, QE/LSAPs

Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect

CEPR Discussion Paper No. DP15163
Number of pages: 76 Posted: 18 Aug 2020 Last Revised: 23 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 1 (930,046)
Citation 1
  • Add to Cart

Abstract:

Loading...

aggregate demand inertia, asset prices, COVID-19, interest rate lower bound, Macroeconomic news, monetary policy, Output gap, Overshooting, QE/LSAPs, Wall/Main Street disconnect

62.

Monetary Policy with Opinionated Markets

Downloads 148 (272,861)

Monetary Policy with Opinionated Markets

Number of pages: 78 Posted: 22 Jun 2020 Last Revised: 20 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 143 (281,327)

Abstract:

Loading...

Monetary policy and shocks, belief disagreements, interest rates, the Fed's Greenbook projections and the dot plot, Fed belief surprises, tantrum shocks, communication, gradualism, overshooting, forward guidance, cost-push shocks.

Monetary Policy with Opinionated Markets

NBER Working Paper No. w27313
Number of pages: 79 Posted: 09 Jun 2020 Last Revised: 08 Jul 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 5 (873,645)

Abstract:

Loading...

Monetary Policy with Opinionated Markets

CEPR Discussion Paper No. DP14830
Number of pages: 81 Posted: 03 Jun 2020 Last Revised: 23 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 0
  • Add to Cart

Abstract:

Loading...

belief disagreements, communication, cost-push shocks, Fed belief surprises, forward guidance, Gradualism, interest rates, monetary policy and shocks, tantrum shocks, the Fed's Greenbook projections and the dot plot

63.

A Model of Fickle Capital Flows and Retrenchment

Downloads 148 (272,861)
Citation 12

A Model of Fickle Capital Flows and Retrenchment

MIT Department of Economics Working Paper No. 16-10
Number of pages: 78 Posted: 12 Nov 2016 Last Revised: 25 Jul 2019
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 131 (301,105)
Citation 4

Abstract:

Loading...

gross capital flows, global liquidity, fickleness, retrenchment, asset fire sales, capital controls, policy coordination, scarcity of safe assets, reach-for-safety, reach-for-yield

A Model of Fickle Capital Flows and Retrenchment

NBER Working Paper No. w22751
Number of pages: 79 Posted: 24 Oct 2016 Last Revised: 02 Mar 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 16 (759,677)
Citation 5

Abstract:

Loading...

A Model of Fickle Capital Flows and Retrenchment

CEPR Discussion Paper No. DP13819
Number of pages: 81 Posted: 30 Jul 2019
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 1 (930,046)
Citation 6
  • Add to Cart

Abstract:

Loading...

asset fire sales, capital controls, fickleness, Global liquidity, Gross capital flows, Policy Coordination, reach-for-safety, reach-for-yield, retrenchment, scarcity of safe assets

64.

Global Imbalances and Policy Wars at the Zero Lower Bound

Downloads 147 (274,348)
Citation 20

Global Imbalances and Policy Wars at the Zero Lower Bound

Number of pages: 67 Posted: 09 Mar 2020
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 78 (425,860)

Abstract:

Loading...

Liquidity and Safety Traps, Safe Assets, Global Recession, Currency Wars, Trade Wars, Current Account, Capital Flows, Reserve Currency, Secular Stagnation, Public Debt, Fiscal Policy, Balanced Budget

Global Imbalances and Policy Wars at the Zero Lower Bound

NBER Working Paper No. w21670
Number of pages: 70 Posted: 26 Oct 2015 Last Revised: 19 Mar 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 68 (459,659)
Citation 3

Abstract:

Loading...

Global Imbalances and Currency Wars at the ZLB

CEPR Discussion Paper No. DP10905
Number of pages: 68 Posted: 28 Oct 2015
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 1 (930,046)
Citation 12
  • Add to Cart

Abstract:

Loading...

capital flows, current account, exhorbitant privilege, forward guidance, inflation rate, interest rates, liquidity and safety traps, recessions, reserve currency, safe assets, secular stagnation, Taylor rule, uncovered interest parity

Global Imbalances and Policy Wars at the Zero Lower Bound

CEPR Discussion Paper No. DP14424
Number of pages: 70 Posted: 03 Mar 2020
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 0
  • Add to Cart

Abstract:

Loading...

65.

Collective Risk Management in a Flight to Quality Episode

Downloads 146 (275,814)
Citation 197

Collective Risk Management in a Flight to Quality Episode

MIT Department of Economics Working Paper No. 07-02
Number of pages: 37 Posted: 01 Feb 2007
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 91 (387,835)

Abstract:

Loading...

Locked collateral, liquidity, flight to quality, Knightian uncertainty, collateral shocks, collective bias, lender of last resort, private sector multiplier

Collective Risk Management in a Flight to Quality Episode

NBER Working Paper No. w12896
Number of pages: 37 Posted: 17 Feb 2007 Last Revised: 28 Mar 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 55 (510,955)
Citation 25

Abstract:

Loading...

66.

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

Downloads 140 (285,035)

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

Number of pages: 14 Posted: 04 Mar 2004
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 118 (325,405)

Abstract:

Loading...

Adjustment hazard, aggregate nonlinearities, lumpy adjustment, observed and unobserved gaps, quadratic adjustment

Three Strikes and You&Apos;Re Out: Reply to Cooper and Willis

NBER Working Paper No. w10368
Number of pages: 14 Posted: 25 Mar 2004 Last Revised: 02 May 2021
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 22 (707,360)

Abstract:

Loading...

67.

Financial Crash, Commodity Prices and Global Imbalances

NBER Working Paper No. w14521
Number of pages: 61 Posted: 08 Dec 2008 Last Revised: 07 Mar 2021
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 134 (294,820)
Citation 4

Abstract:

Loading...

68.

Irreversibility and Aggregate Investment

NBER Working Paper No. w3865
Number of pages: 33 Posted: 17 Oct 2007 Last Revised: 25 Jul 2022
Giuseppe Bertola and Ricardo J. Caballero
Centre for Economic Policy Research (CEPR) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 112 (335,818)
Citation 15

Abstract:

Loading...

69.

Persistent Appreciations and Overshooting: A Normative Analysis

Downloads 108 (344,226)
Citation 18

Persistent Appreciations and Overshooting: A Normative Analysis

MIT Department of Economics Working Paper No. 07-13
Number of pages: 50 Posted: 24 Apr 2007
Ricardo J. Caballero and Guido Lorenzoni
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University
Downloads 81 (416,429)

Abstract:

Loading...

Appreciations, overshooting, financial frictions, irreversible investment, pecuniary externality, real wages, optimal policy, exports

Persistent Appreciations and Overshooting: A Normative Analysis

NBER Working Paper No. w13077
Number of pages: 50 Posted: 27 Jun 2007 Last Revised: 27 Mar 2022
Ricardo J. Caballero and Guido Lorenzoni
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University
Downloads 27 (667,499)
Citation 11

Abstract:

Loading...

70.

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

Downloads 106 (348,642)
Citation 28

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

Cowles Foundation Discussion Paper No. 1566R
Number of pages: 49 Posted: 16 Jun 2008 Last Revised: 02 Mar 2011
Ruediger Bachmann, Ricardo J. Caballero and Eduardo M. R. A. Engel
Yale University, Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University - Department of Economics
Downloads 70 (452,562)
Citation 6

Abstract:

Loading...

Ss model, RBC model, Time-varying impulse response function, History dependence, Conditional heteroscedasticity, Aggregate shocks, Sectoral shocks, Idiosyncratic shocks, Adjustment costs

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

NBER Working Paper No. w12336
Number of pages: 51 Posted: 14 Jul 2006 Last Revised: 18 Mar 2022
Ruediger Bachmann, Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University, Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 36 (607,543)
Citation 10

Abstract:

Loading...

71.

Prudential Monetary Policy

Downloads 103 (355,319)
Citation 3

Prudential Monetary Policy

Number of pages: 58 Posted: 02 Jun 2019 Last Revised: 17 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 90 (390,573)

Abstract:

Loading...

Speculation, leverage, aggregate demand, business cycle, effective lower bound, monetary policy, regulation, macroprudential policies, leaning against the wind

Prudential Monetary Policy

NBER Working Paper No. w25977
Number of pages: 59 Posted: 26 Jun 2019 Last Revised: 25 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 13 (788,753)

Abstract:

Loading...

Prudential Monetary Policy

CEPR Discussion Paper No. DP13832
Number of pages: 61 Posted: 30 Jul 2019 Last Revised: 24 Mar 2020
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

aggregate demand, Business cycle, effective lower bound, leaning against the wind, leverage, macroprudential policies, monetary policy, regulation, Shadow banks, Speculation

72.

Macroeconomic Volatility in Latin America: A View and Three Case Studies

Downloads 98 (367,065)
Citation 15

Macroeconomic Volatility in Latin America: A View and Three Case Studies

NBER Working Paper No. w7782
Number of pages: 45 Posted: 18 Jul 2000 Last Revised: 08 Apr 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 77 (429,151)
Citation 1

Abstract:

Loading...

Macroeconomic Volatility in Latin America: A View and Three Case Studies

IDB Working Paper No. 357
Number of pages: 58 Posted: 21 Apr 2011
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 21 (715,694)
Citation 7

Abstract:

Loading...

73.

The Cost of Recession Revisited: A Reverse-Liquidationist View

Number of pages: 38 Posted: 23 Jan 2000
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 93 (379,297)

Abstract:

Loading...

74.

Emerging Markets Crisis An Asset Markets Perspective

IMF Working Paper No. 99/129
Number of pages: 53 Posted: 15 Feb 2006
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 88 (392,452)

Abstract:

Loading...

Capital flows fire sales financial constraints contractual and corporate governance problems balance sheets wasted collateral domestic and foreign spreads excessive leverage banks

75.

How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth

NBER Working Paper No. w4370
Number of pages: 75 Posted: 26 May 2004 Last Revised: 29 Jun 2012
Ricardo J. Caballero and Adam B. Jaffe
Massachusetts Institute of Technology (MIT) - Department of Economics and Brandeis University
Downloads 85 (400,746)
Citation 10

Abstract:

Loading...

76.

Uncertainty, Investment, and Industry Evolution

NBER Working Paper No. w4160
Number of pages: 31 Posted: 16 Nov 2001 Last Revised: 16 May 2021
Ricardo J. Caballero and Robert S. Pindyck
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 83 (406,404)
Citation 8

Abstract:

Loading...

77.

The Cleansing Effect of Recessions

NBER Working Paper No. w3922
Number of pages: 31 Posted: 31 Jul 2007 Last Revised: 21 Mar 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 78 (421,249)
Citation 38

Abstract:

Loading...

78.

Fixed Costs: The Demise of Marginal Q

NBER Working Paper No. w5508
Number of pages: 21 Posted: 07 Aug 2012 Last Revised: 22 Jul 2022
Ricardo J. Caballero and John V. Leahy
Massachusetts Institute of Technology (MIT) - Department of Economics and New York University (NYU) - Department of Economics
Downloads 71 (443,573)

Abstract:

Loading...

79.

A Model of the Safe Asset Mechanism (Sam): Safety Traps and Economic Policy

NBER Working Paper No. w18737
Number of pages: 53 Posted: 26 Jan 2013 Last Revised: 14 Mar 2021
Ricardo J. Caballero and Emmanuel Farhi
Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
Downloads 69 (450,350)
Citation 1

Abstract:

Loading...

80.

The Global Impact of Risk-Off Shocks

BIS Paper No. 102a
Number of pages: 7 Posted: 22 May 2019
Ricardo J. Caballero and Güneş Kamber
Massachusetts Institute of Technology (MIT) - Department of Economics and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 64 (467,969)

Abstract:

Loading...

risk-off, conventional and unconventional monetary policy, policy-puts, spillovers, macroeconomic fundamentals, developed and emerging markets, AsiaPacific region

81.

Reach for Yield and Fickle Capital Flows

Downloads 58 (490,837)
Citation 2

Reach for Yield and Fickle Capital Flows

MIT Department of Economics Working Paper No. 18-03
Number of pages: 14 Posted: 09 Mar 2018
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 53 (519,807)

Abstract:

Loading...

Reach for Yield and Fickle Capital Flows

NBER Working Paper No. w24400
Number of pages: 13 Posted: 12 Mar 2018 Last Revised: 04 Mar 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 5 (873,645)
Citation 2

Abstract:

Loading...

82.

Aggregate Employment Dynamics: Building from Microeconomic Evidence

NBER Working Paper No. w5042
Number of pages: 51 Posted: 11 Jul 2000 Last Revised: 13 Apr 2022
Ricardo J. Caballero, Eduardo M. R. A. Engel and John Haltiwanger
Massachusetts Institute of Technology (MIT) - Department of Economics, Yale University - Department of Economics and University of Maryland - Department of Economics
Downloads 54 (506,941)
Citation 7

Abstract:

Loading...

83.

Jobless Growth: Appropriability, Factor Substitution, and Unemployment

Downloads 53 (511,160)
Citation 33

Jobless Growth: Appropriability, Factor Substitution, and Unemployment

NBER Working Paper No. w6221
Number of pages: 40 Posted: 25 May 2006 Last Revised: 03 Jul 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 53 (519,807)
Citation 33

Abstract:

Loading...

Jobless Growth: Appropriability, Factor Substitution, and Unemployment

Posted: 20 Nov 1998
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)

Abstract:

Loading...

84.

Speculative Growth

NBER Working Paper No. w9381
Number of pages: 44 Posted: 14 Dec 2002 Last Revised: 19 Feb 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 52 (515,424)

Abstract:

Loading...

85.

The Macroeconomics of Specificity

Downloads 52 (515,424)

The Macroeconomics of Specificity

NBER Working Paper No. w5757
Number of pages: 51 Posted: 09 Dec 1996 Last Revised: 27 Mar 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 52 (524,335)

Abstract:

Loading...

The Macroeconomics of Specificity

Posted: 08 Oct 1998
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)

Abstract:

Loading...

86.

Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment

NBER Working Paper No. w4472
Number of pages: 28 Posted: 29 Dec 2006 Last Revised: 23 Mar 2022
Giuseppe Bertola and Ricardo J. Caballero
Centre for Economic Policy Research (CEPR) and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 48 (533,262)

Abstract:

Loading...

87.

Dynamic (S,S) Economies

NBER Working Paper No. w3734
Number of pages: 40 Posted: 27 Apr 2000 Last Revised: 17 Mar 2022
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 48 (533,262)
Citation 1

Abstract:

Loading...

88.

Structural Volatility in Argentina: A Policy Report

IDB Working Paper No. 353
Number of pages: 50 Posted: 21 Apr 2011
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 44 (552,092)
Citation 5

Abstract:

Loading...

89.

Microeconomic Adjustment Hazards and Aggregate Dynamics

NBER Working Paper No. w4090
Number of pages: 31 Posted: 03 Jul 2007 Last Revised: 07 Mar 2021
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 43 (557,023)
Citation 4

Abstract:

Loading...

90.

Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective

NBER Working Paper No. w10517
Number of pages: 34 Posted: 08 Jun 2004 Last Revised: 28 Mar 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 43 (557,023)

Abstract:

Loading...

91.

The "Fundamental Transformation" in Macroeconomics

NBER Working Paper No. w5471
Number of pages: 14 Posted: 03 Jun 1998 Last Revised: 15 Jun 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 42 (562,072)

Abstract:

Loading...

92.

A Model of Endogenous Risk Intolerance and Lsaps: Asset Prices and Aggregate Demand in a “Covid-19” Shock

Downloads 41 (567,142)
Citation 3

A Model of Endogenous Risk Intolerance and Lsaps: Asset Prices and Aggregate Demand in a “Covid-19” Shock

NBER Working Paper No. w27044
Number of pages: 62 Posted: 28 Apr 2020 Last Revised: 17 Jun 2022
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 41 (579,127)

Abstract:

Loading...

A Model of Endogenous Risk Intolerance and Lsaps: Asset Prices and Aggregate Demand in a "Covid-19" Shock

CEPR Discussion Paper No. DP14627
Number of pages: 65 Posted: 08 May 2020 Last Revised: 31 Mar 2021
Ricardo J. Caballero and Alp Simsek
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale School of Management
Downloads 0
Citation 3
  • Add to Cart

Abstract:

Loading...

93.

On the Timing and Efficiency of Creative Destruction

NBER Working Paper No. w4768
Number of pages: 61 Posted: 26 Jul 2010 Last Revised: 14 Jul 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 40 (572,267)
Citation 13

Abstract:

Loading...

94.

The Role of External Economies in U.S. Manufacturing

NBER Working Paper No. w3033
Number of pages: 32 Posted: 14 Apr 2007 Last Revised: 17 Apr 2022
Ricardo J. Caballero and Richard K. Lyons
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Berkeley
Downloads 40 (572,267)
Citation 1

Abstract:

Loading...

95.

Hedging Sudden Stops and Precautionary Contractions

NBER Working Paper No. w9778
Number of pages: 59 Posted: 20 Jul 2006 Last Revised: 21 Mar 2022
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 40 (572,267)
Citation 3

Abstract:

Loading...

96.

The "Other" Imbalance and the Financial Crisis

NBER Working Paper No. w15636
Number of pages: 43 Posted: 11 Jan 2010 Last Revised: 24 Mar 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 39 (577,436)

Abstract:

Loading...

97.

A Fallacy of Composition

NBER Working Paper No. w3735
Number of pages: 26 Posted: 09 Mar 2004 Last Revised: 18 Mar 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 39 (577,436)

Abstract:

Loading...

98.

Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares

NBER Working Paper No. w23127
Number of pages: 13 Posted: 07 Feb 2017 Last Revised: 12 Mar 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 37 (588,177)
Citation 24

Abstract:

Loading...

99.

Inflation Targeting and Sudden Stops

NBER Working Paper No. w9599
Number of pages: 26 Posted: 05 Apr 2003 Last Revised: 26 Mar 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 37 (588,177)
Citation 1

Abstract:

Loading...

100.

Structural Volatility in Chile: A Policy Report

IDB Working Paper No. 352
Number of pages: 52 Posted: 21 Apr 2011
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 35 (599,388)
Citation 6

Abstract:

Loading...

101.

Durable Goods: An Explanation for Their Slow Adjustment

NBER Working Paper No. w3748
Number of pages: 41 Posted: 06 Jan 2007 Last Revised: 31 Mar 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 35 (599,388)
Citation 4

Abstract:

Loading...

102.

Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy

NBER Working Paper No. w3729
Number of pages: 39 Posted: 15 Jan 2007 Last Revised: 12 Mar 2022
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 34 (605,089)
Citation 7

Abstract:

Loading...

103.

The Cost of Recessions Revisited: a Reverse-Liquidationist View

NBER Working Paper No. w7355
Number of pages: 40 Posted: 25 Feb 2000 Last Revised: 06 Feb 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 34 (605,089)
Citation 5

Abstract:

Loading...

104.

Inflating the Beast: Political Incentives Under Uncertainty

NBER Working Paper No. w13779
Number of pages: 36 Posted: 08 Feb 2008 Last Revised: 25 Feb 2022
Ricardo J. Caballero and Pierre Yared
Massachusetts Institute of Technology (MIT) - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 33 (611,064)

Abstract:

Loading...

105.

Short and Long Run Externalities

NBER Working Paper No. w3810
Number of pages: 27 Posted: 24 Jul 2007 Last Revised: 01 Jun 2022
Eric J. Bartelsman, Ricardo J. Caballero and Richard K. Lyons
Vrije Universiteit Amsterdam, Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Berkeley
Downloads 32 (616,950)

Abstract:

Loading...

106.

Stock Market Interventions: 'An Update'

Number of pages: 9 Posted: 13 Apr 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 30 (629,464)

Abstract:

Loading...

Hong Kong intervention, stock and asset market interventions, emerging markets, liquidity, fire sales, capital outflows, liquidity channels

107.

Structural Volatility in Mexico: A Policy Report

IDB Working Paper No. 351
Number of pages: 54 Posted: 21 Apr 2011
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 30 (629,464)
Citation 2

Abstract:

Loading...

108.

Near-Rationality, Heterogeneity and Aggregate Consumption

NBER Working Paper No. w4035
Number of pages: 28 Posted: 23 Sep 2000 Last Revised: 13 Jul 2022
Ricardo J. Caballero
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 28 (642,494)
Citation 6

Abstract:

Loading...

109.

Safe Asset Scarcity and Aggregate Demand

Downloads 27 (649,215)
Citation 40

Safe Asset Scarcity and Aggregate Demand

NBER Working Paper No. w22044
Number of pages: 12 Posted: 01 Mar 2016 Last Revised: 27 Mar 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 27 (667,499)
Citation 14

Abstract:

Loading...

Safe Asset Scarcity and Aggregate Demand

CEPR Discussion Paper No. DP11170
Number of pages: 13 Posted: 18 Apr 2016
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 0
Citation 9
  • Add to Cart

Abstract:

Loading...

110.

An Equilibrium Model of 'Global Imbalances' and Low Interest Rates

CEPR Discussion Paper No. 5573
Number of pages: 57 Posted: 27 Jun 2006
Pierre-Olivier Gourinchas, Ricardo J. Caballero and Emmanuel Farhi
University of California, Berkeley - Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
Downloads 27 (649,215)
Citation 47
  • Add to Cart

Abstract:

Loading...

Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

111.

Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,S) Approach

NBER Working Paper No. w4887
Number of pages: 46 Posted: 16 May 2011 Last Revised: 11 May 2022
Ricardo J. Caballero and Eduardo M. R. A. Engel
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University - Department of Economics
Downloads 25 (663,439)
Citation 10

Abstract:

Loading...

112.

Price Rigidities, Asymmetries, and Output Fluctuations

NBER Working Paper No. w4091
Number of pages: 35 Posted: 10 Jul 2007 Last Revised: 07 Mar 2022
Ricardo J. Caballero and Eduardo M. R. A. Engel
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University - Department of Economics
Downloads 25 (663,439)

Abstract:

Loading...

113.

Improper Churn: Social Costs and Macroeconomic Consequences

Downloads 25 (663,439)

Improper Churn: Social Costs and Macroeconomic Consequences

NBER Working Paper No. w6717
Number of pages: 50 Posted: 07 Sep 2000 Last Revised: 11 May 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 25 (682,882)

Abstract:

Loading...

Improper Churn: Social Costs and Macroeconomic Consequences

Posted: 23 Dec 1998
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)

Abstract:

Loading...

114.

On the Ills of Adjustment

NBER Working Paper No. w5198
Number of pages: 38 Posted: 20 Jul 2000 Last Revised: 17 Mar 2022
Ricardo J. Caballero and Mohamad L. Hammour
Massachusetts Institute of Technology (MIT) - Department of Economics and Ecole Normale Superieure (ENS)
Downloads 24 (670,789)
Citation 1

Abstract:

Loading...

115.

Microeconomic Rigidities and Aggregate Price Dynamics

NBER Working Paper No. w4162
Number of pages: 26 Posted: 27 Jun 2007 Last Revised: 18 May 2022
Ricardo J. Caballero and Eduardo M. R. A. Engel
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University - Department of Economics
Downloads 23 (678,231)

Abstract:

Loading...

116.

Nonlinear Aggregate Investment Dynamics: Theory and Evidence

Downloads 22 (686,029)

Nonlinear Aggregate Investment Dynamics: Theory and Evidence

NBER Working Paper No. w6420
Number of pages: 63 Posted: 14 Aug 2012 Last Revised: 18 Jul 2022
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 22 (707,360)

Abstract:

Loading...

Nonlinear Aggregate Investment Dynamics: Theory and Evidence

Posted: 26 Jul 2000
Eduardo M. R. A. Engel and Ricardo J. Caballero
Yale University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics

Abstract:

Loading...