Ricardo J. Caballero

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This article is about the macroeconomist. For the singer and television star, see Ricardo Caballero Tostado.

Ricardo Jorge Caballero is a Chilean macroeconomist who holds the Ford International chair of economics at the Massachusetts Institute of Technology. He received his PhD from MIT in 1988,[1] and he taught at Columbia University before returning to the MIT faculty. In 2002, he was awarded the Econometric Society's Frisch Medal.

Recently much of Caballero's work has focussed on international financial crises.[2] He has also studied the aggregate behavior of economies with heterogeneous agents,[3] the macroeconomic effects of irreversible investment in firm-specific assets,[4] and Schumpeterian theories of technological progress through creative destruction.[5]

[edit] See also

Ricardo Caballero's homepage at MIT

[edit] References

  1. ^ Caballero, Ricardo Jorge (1988), The Stochastic Behavior of Consumption and Savings. Ph.D. dissertation, Massachusetts Institute of Technology.
  2. ^ R. Caballero and A. Krishnamurthy (2004), 'Smoothing sudden stops'. Journal of Economic Theory 119 (1), pp. 104-127.
  3. ^ R. Caballero and E. Engel (1999), 'Explaining investment dynamics in US manufacturing: a generalized (S,s) approach'. Econometrica 67 (4), pp. 783-826.
  4. ^ R. Caballero and M. Hammour (1998), 'The macroeconomics of specificity'. Journal of Political Economy 106 (4), pp. 724-767.
  5. ^ R. Caballero and M. Hammour (1996), 'On the timing and efficiency of creative destruction'. Quarterly Journal of Economics, pp. 805-852.
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