269:. He was awarded the Smith Breeden Prize by the American Finance Association for “Collective Risk Management in a Flight to Quality Episode”, Journal of Finance, 63(5), October 2008 (joint with Arvind Krishnamurthy) and the Journal of Finance 2014 Brattle Group Prize for distinguished papers for “Fire Sales in a Model of Complexity,” joint with Alp Simsek.
651:
1204:
1234:
1219:
1239:
771:
838:
813:
214:
from 2008 to 2011. He is a director of the World
Economic Laboratory at MIT and an NBER Research Associate. Caballero received his PhD from MIT in 1988, and he taught at
930:
666:
1214:
107:
97:
1199:
1229:
1224:
614:
Caballero, Ricardo J; Farhi, Emmanuel; Gourinchas, Pierre-Olivier (15 November 2021). "Global
Imbalances and Policy Wars at the Zero Lower Bound".
317:
Missing
Aggregate Dynamics and VAR Approximations of Lumpy Adjustment Models (with David Berger and Eduardo M.R.A. Engel) SSRN (November 2018)
923:
277:
219:
207:
117:
83:
351:
Macroeconomic
Volatility in Reformed Latin America: Diagnosis and Policy Proposals. Washington, D.C.: Inter-American Development Bank. 2001.
1209:
273:
160:
916:
547:
296:
A Model of
Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock (with Alp Simsek)
341:
Explaining
Investment Dynamics in U.S. Manufacturing: A Generalized(S,s) Approach (with Eduardo M. R. A. Engel) July 1999,
376:
503:
184:
211:
894:
407:
865:
745:
20:
225:
Recently, Caballero's work has focused on Risk-Centric
Macroeconomics and Safe Assets. He has also studied the
289:
Global
Imbalances and Policy Wars at the Zero Lower Bound (with Emmanuel Farhi and Pierre-Olivier Gourinchas)
495:
1167:
1153:
652:"A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock"
1194:
1131:
1067:
1163:
1159:
1093:
983:
1189:
1139:
1117:
1071:
242:
230:
1081:
1143:
961:
254:
215:
170:
101:
87:
1103:
1135:
1121:
1097:
1027:
727:
572:
564:
520:
476:
226:
1111:
977:
973:
967:
790:
238:
134:
1125:
1033:
1011:
957:
782:
719:
686:
678:
631:
623:
556:
512:
468:
348:
External
Vulnerability and Preventive Policies. editor (with C. Calderon and L.F. Cespedes).
707:
1021:
987:
898:
138:
1087:
1057:
1037:
993:
203:
150:
111:
73:
1183:
1107:
1061:
1051:
1041:
999:
731:
480:
334:
Collective Risk
Management in a Flight to Quality Episode (with Arvind Krisnamurthy)
262:
234:
866:"Explaining investment dynamics in U.S. manufacturing: A generalized (S.s) approach"
590:
576:
524:
951:
939:
459:
267:
Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach
258:
165:
452:"Explaining investment dynamics in US manufacturing: a generalized (S,s) approach"
19:
This article is about the macroeconomist. For the singer and television star, see
1077:
746:"Missing Aggregate Dynamics and VAR Approximations of Lumpy Adjustment Models"
794:
627:
354:
Specificity and the Macroeconomics of Restructuring. MIT Press, Spring 2007 .
1005:
472:
303:
A Risk-centric Model of Demand Recessions and Speculation (with Alp Simsek)
786:
908:
891:
682:
1015:
691:
636:
52:
873:
798:
749:
1149:
849:
822:
568:
539:
451:
180:
560:
723:
516:
310:
A Model of Fickle Capital Flows and Retrenchment (with Alp Simsek)
200:
121:
848:, vol. LXIII, no. 5, pp. 2195–2230, archived from
237:
effects of irreversible investment in firm-specific assets, and
912:
416:
385:
872:, vol. 67, no. 4, pp. 783–826, archived from
440:. Ph.D. dissertation, Massachusetts Institute of Technology.
206:
who is the Ford International Professor of Economics at the
1205:
MIT School of Humanities, Arts, and Social Sciences faculty
903:
839:"Collective Risk Management in a Flight to Quality Episode"
667:"A Risk-centric Model of Demand Recessions and Speculation"
320:
Reach for Yield and Fickle Capital Flows (with Alp Simsek)
1235:
MIT School of Humanities, Arts, and Social Sciences alumni
864:
Caballero, Ricardo J.; Engel, Eduardo M. R. A. (1999),
540:"On the timing and efficiency of creative destruction"
327:
Fire Sales in a Model of Complexity (with Alp Simsek)
837:
Caballero, Ricardo J.; Krishnamurthy, Arvind (2008),
1220:
Fellows of the American Academy of Arts and Sciences
370:
368:
156:
144:
128:
93:
79:
69:
64:
35:
28:
708:"A Model of Fickle Capital Flows and Retrenchment"
438:The Stochastic Behavior of Consumption and Savings
378:The Stochastic Behavior of Consumption and Savings
1240:Pontifical Catholic University of Chile alumni
924:
8:
770:Caballero, Ricardo J.; Simsek, Alp (2018),
706:Caballero, Ricardo J.; Simsek, Alp (2020).
665:Simsek, Alp; Caballero, Ricardo J. (2020).
241:theories of technological progress through
931:
917:
909:
772:"Reach for Yield and Fickle Capital Flows"
25:
690:
635:
538:Caballero, R. & Hammour, M. (1996).
494:Caballero, R. & Hammour, M. (1998).
108:Pontificia Universidad CatĂłlica de Chile
98:Pontificia Universidad CatĂłlica de Chile
364:
272:In April 1998, Caballero was elected a
278:American Academy of Arts and Sciences
208:Massachusetts Institute of Technology
118:Massachusetts Institute of Technology
84:Massachusetts Institute of Technology
7:
210:. He also served as the Chairman of
904:MIT Department of Economics website
892:Ricardo Caballero's homepage at MIT
815:Fire Sales in a Model of Complexity
781:, vol. 108, pp. 493–498,
496:"The macroeconomics of specificity"
253:In 2002, Caballero was awarded the
1215:Fellows of the Econometric Society
671:The Quarterly Journal of Economics
591:"Awards | The Econometric Society"
14:
450:Caballero, R.; Engel, E. (1999).
436:Caballero, Ricardo Jorge (1988),
274:Fellow of the Econometric Society
161:Fellow of the Econometric Society
1200:International finance economists
821:, March 27, 2012, archived from
1230:20th-century Chilean economists
1225:21st-century Chilean economists
331:68.6 (December 2013): 2549-2587
298:The Review of Financial Studies
293:88.6 (November 2021): 2570–2621
616:The Review of Economic Studies
548:Quarterly Journal of Economics
409:Three essays in macroeconomics
375:Caballero, Ricardo J. (1988).
338:63.5 (October 2008): 2195-2230
305:Quarterly Journal of Economics
1:
712:Journal of Political Economy
504:Journal of Political Economy
312:Journal of Political Economy
199:(born 20 October 1959) is a
1210:Columbia University faculty
1256:
779:AEA Papers and Proceedings
595:www.econometricsociety.org
322:AEA Papers and Proceedings
291:Review of Economic Studies
175:Brattle Group Prize (2014)
18:
947:
212:MIT's Economic Department
190:
179:
60:
21:Ricardo Caballero Tostado
406:Farhi, Emmanuel (2006).
276:and subsequently of the
218:before returning to the
473:10.1111/1468-0262.00053
197:Ricardo Jorge Caballero
185:IDEAS / RePEc
846:The Journal of Finance
787:10.1257/pandp.20181056
628:10.1093/restud/rdab015
329:The Journal of Finance
249:Awards and Fellowships
16:Chilean macroeconomist
1168:Theodore Papageorgiou
300:34.11 (November 2021)
1112:Susanne M. Schennach
1048:Ricardo J. Caballero
978:Kenneth J. Singleton
852:on November 30, 1998
825:on November 30, 1998
801:on November 30, 1998
243:creative destruction
231:heterogeneous agents
30:Ricardo J. Caballero
1132:Gabriel M. Ahlfeldt
1126:Michael D. Whinston
1068:Fabien Postel-Vinay
1000:David M. G. Newbery
876:on January 25, 2020
683:10.1093/qje/qjaa008
307:135.3 (August 2020)
255:Econometric Society
216:Columbia University
171:Smith Breeden Prize
88:Columbia University
1136:Stephen J. Redding
1098:Robert M. Townsend
1028:Robert M. Townsend
988:Daniel L. McFadden
897:2012-02-06 at the
336:Journal of Finance
314:128.6 (April 2020)
229:of economies with
227:aggregate behavior
1177:
1176:
1164:Myrto Kalouptsidi
1160:Giulia Brancaccio
1094:Joseph P. Kaboski
974:Lars Peter Hansen
968:Orley Ashenfelter
284:Selected Readings
194:
193:
135:Olivier Blanchard
1247:
1108:James J. Heckman
1034:Richard Blundell
1012:Larry G. Epstein
984:Jeffrey A. Dubin
958:Jerry A. Hausman
933:
926:
919:
910:
879:
877:
861:
855:
853:
843:
834:
828:
826:
820:
810:
804:
802:
797:, archived from
776:
767:
761:
760:
758:
757:
748:. Archived from
742:
736:
735:
718:(6): 2288–2328.
703:
697:
696:
694:
677:(3): 1493–1566.
662:
656:
655:
648:
642:
641:
639:
622:(6): 2570–2621.
611:
605:
604:
602:
601:
587:
581:
580:
544:
535:
529:
528:
500:
491:
485:
484:
456:
447:
441:
434:
428:
427:
425:
423:
414:
403:
397:
396:
394:
392:
383:
372:
265:for their paper
49:
45:
43:
26:
1255:
1254:
1250:
1249:
1248:
1246:
1245:
1244:
1180:
1179:
1178:
1173:
1140:Daniel M. Sturm
1118:Benjamin Handel
1072:Jean-Marc Robin
1022:Steven T. Berry
952:Angus S. Deaton
943:
937:
899:Wayback Machine
888:
883:
882:
863:
862:
858:
841:
836:
835:
831:
818:
812:
811:
807:
774:
769:
768:
764:
755:
753:
744:
743:
739:
705:
704:
700:
664:
663:
659:
650:
649:
645:
613:
612:
608:
599:
597:
589:
588:
584:
561:10.2307/2946673
542:
537:
536:
532:
498:
493:
492:
488:
454:
449:
448:
444:
435:
431:
421:
419:
412:
405:
404:
400:
390:
388:
381:
374:
373:
366:
361:
345:67(4), 783-826.
324:(2018): 493-498
286:
280:in April 2010.
251:
174:
169:
164:
146:
139:Stanley Fischer
137:
130:
115:
105:
94:Alma mater
86:
65:Academic career
56:
50:
47:
46:20 October 1959
41:
39:
31:
24:
17:
12:
11:
5:
1253:
1251:
1243:
1242:
1237:
1232:
1227:
1222:
1217:
1212:
1207:
1202:
1197:
1192:
1182:
1181:
1175:
1174:
1172:
1171:
1157:
1147:
1129:
1115:
1101:
1091:
1088:Nicholas Bloom
1085:
1082:Dean R. Hyslop
1075:
1065:
1058:Jonathan Eaton
1055:
1045:
1031:
1025:
1019:
1016:Stanley E. Zin
1009:
1003:
997:
994:Ariél S. Pakes
991:
981:
971:
965:
955:
948:
945:
944:
938:
936:
935:
928:
921:
913:
907:
906:
901:
887:
886:External links
884:
881:
880:
856:
829:
805:
762:
737:
724:10.1086/705719
698:
657:
643:
606:
582:
555:(3): 805–852.
530:
517:10.1086/250028
511:(4): 724–767.
486:
467:(4): 783–826.
442:
429:
398:
363:
362:
360:
357:
356:
355:
352:
349:
346:
339:
332:
325:
318:
315:
308:
301:
294:
285:
282:
250:
247:
204:macroeconomist
192:
191:
188:
187:
177:
176:
158:
154:
153:
151:Emmanuel Farhi
148:
142:
141:
132:
126:
125:
95:
91:
90:
81:
77:
76:
74:Macroeconomics
71:
67:
66:
62:
61:
58:
57:
51:
37:
33:
32:
29:
15:
13:
10:
9:
6:
4:
3:
2:
1252:
1241:
1238:
1236:
1233:
1231:
1228:
1226:
1223:
1221:
1218:
1216:
1213:
1211:
1208:
1206:
1203:
1201:
1198:
1196:
1195:Living people
1193:
1191:
1188:
1187:
1185:
1169:
1165:
1161:
1158:
1155:
1151:
1148:
1145:
1144:Nikolaus Wolf
1141:
1137:
1133:
1130:
1127:
1123:
1119:
1116:
1113:
1109:
1105:
1102:
1099:
1095:
1092:
1089:
1086:
1083:
1079:
1076:
1073:
1069:
1066:
1063:
1062:Samuel Kortum
1059:
1056:
1053:
1052:Eduardo Engel
1049:
1046:
1043:
1042:Costas Meghir
1039:
1035:
1032:
1029:
1026:
1023:
1020:
1017:
1013:
1010:
1007:
1004:
1001:
998:
995:
992:
989:
985:
982:
979:
975:
972:
969:
966:
963:
962:David A. Wise
959:
956:
953:
950:
949:
946:
941:
934:
929:
927:
922:
920:
915:
914:
911:
905:
902:
900:
896:
893:
890:
889:
885:
875:
871:
867:
860:
857:
851:
847:
840:
833:
830:
824:
817:
816:
809:
806:
800:
796:
792:
788:
784:
780:
773:
766:
763:
752:on 2020-07-15
751:
747:
741:
738:
733:
729:
725:
721:
717:
713:
709:
702:
699:
693:
692:1721.1/144451
688:
684:
680:
676:
672:
668:
661:
658:
653:
647:
644:
638:
637:1721.1/144450
633:
629:
625:
621:
617:
610:
607:
596:
592:
586:
583:
578:
574:
570:
566:
562:
558:
554:
550:
549:
541:
534:
531:
526:
522:
518:
514:
510:
506:
505:
497:
490:
487:
482:
478:
474:
470:
466:
462:
461:
453:
446:
443:
439:
433:
430:
418:
411:
410:
402:
399:
387:
380:
379:
371:
369:
365:
358:
353:
350:
347:
344:
340:
337:
333:
330:
326:
323:
319:
316:
313:
309:
306:
302:
299:
295:
292:
288:
287:
283:
281:
279:
275:
270:
268:
264:
263:Eduardo Engel
260:
256:
248:
246:
244:
240:
239:Schumpeterian
236:
235:macroeconomic
232:
228:
223:
221:
217:
213:
209:
205:
202:
198:
189:
186:
182:
178:
172:
167:
162:
159:
155:
152:
149:
143:
140:
136:
133:
127:
123:
119:
116:
113:
109:
103:
99:
96:
92:
89:
85:
82:
78:
75:
72:
68:
63:
59:
54:
48:(age 64)
38:
34:
27:
22:
1104:Flávio Cunha
1047:
940:Frisch Medal
874:the original
870:Econometrica
869:
859:
850:the original
845:
832:
823:the original
814:
808:
799:the original
778:
765:
754:. Retrieved
750:the original
740:
715:
711:
701:
674:
670:
660:
646:
619:
615:
609:
598:. Retrieved
594:
585:
552:
546:
533:
508:
502:
489:
464:
460:Econometrica
458:
445:
437:
432:
420:. Retrieved
408:
401:
389:. Retrieved
377:
343:Econometrica
342:
335:
328:
321:
311:
304:
297:
290:
271:
266:
259:Frisch Medal
252:
224:
196:
195:
166:Frisch Medal
106:
1190:1959 births
1122:Igal Hendel
1038:Alan Duncan
181:Information
80:Institution
1184:Categories
1078:David Card
942:recipients
756:2021-12-09
600:2019-01-19
391:17 October
359:References
42:1959-10-20
1154:Robin Lee
1006:John Rust
795:2574-0776
732:219037926
481:158174490
415:(Ph.D.).
384:(Ph.D.).
222:faculty.
895:Archived
577:17836698
525:85507019
147:students
145:Doctoral
129:Doctoral
53:Santiago
1150:Kate Ho
569:2946673
201:Chilean
131:advisor
55:, Chile
1170:(2022)
1156:(2020)
1146:(2018)
1128:(2016)
1114:(2014)
1100:(2012)
1090:(2010)
1084:(2008)
1074:(2006)
1064:(2004)
1054:(2002)
1044:(2000)
1030:(1998)
1024:(1996)
1018:(1994)
1008:(1992)
1002:(1990)
996:(1988)
990:(1986)
980:(1984)
970:(1982)
964:(1980)
954:(1978)
793:
730:
575:
567:
523:
479:
422:20 Jun
233:, the
173:(2008)
168:(2002)
163:(1998)
157:Awards
842:(PDF)
819:(PDF)
775:(PDF)
728:S2CID
573:S2CID
565:JSTOR
543:(PDF)
521:S2CID
499:(PDF)
477:S2CID
455:(PDF)
413:(PDF)
382:(PDF)
261:with
122:Ph.D.
70:Field
791:ISSN
424:2017
393:2016
112:M.A.
102:B.S.
36:Born
783:doi
720:doi
716:128
687:hdl
679:doi
675:135
632:hdl
624:doi
557:doi
553:111
513:doi
509:106
469:doi
417:MIT
386:MIT
257:'s
220:MIT
183:at
1186::
1166:/
1162:/
1152:/
1142:/
1138:/
1134:/
1124:/
1120:/
1110:/
1106:/
1096:/
1080:/
1070:/
1060:/
1050:/
1040:/
1036:/
1014:/
986:/
976:/
960:/
868:,
844:,
789:,
777:,
726:.
714:.
710:.
685:.
673:.
669:.
630:.
620:88
618:.
593:.
571:.
563:.
551:.
545:.
519:.
507:.
501:.
475:.
465:67
463:.
457:.
367:^
245:.
44:)
932:e
925:t
918:v
878:.
854:.
827:.
803:.
785::
759:.
734:.
722::
695:.
689::
681::
654:.
640:.
634::
626::
603:.
579:.
559::
527:.
515::
483:.
471::
426:.
395:.
124:)
120:(
114:)
110:(
104:)
100:(
40:(
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.