Ricardo J. Caballero

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This article is about the macroeconomist. For the singer and television star, see Ricardo Caballero Tostado.
Ricardo J. Caballero
Born (1959-10-20) 20 October 1959 (age 61)
Santiago, Chile
NationalityChilean
InstitutionMassachusetts Institute of Technology
Columbia University
FieldMacroeconomics
Alma materMassachusetts Institute of Technology
Doctoral
advisor		Olivier Blanchard[1]
Stanley Fischer[1]
Doctoral
students		Emmanuel Farhi[2]
AwardsFrisch Medal (2002)
Smith Breeden Prize (2008)
Brattle Group Prize (2014)
Information at IDEAS / RePEc

Ricardo Jorge Caballero (born 20 October 1959) is a Chilean macroeconomist who holds the Ford International chair of economics at the Massachusetts Institute of Technology. He is a director of the World Economic Laboratory at MIT and an NBER Research Associate. Caballero received his PhD from MIT in 1988,[3] and he taught at Columbia University before returning to the MIT faculty.

Recently, Caballero's work has focused on Risk-Centric Macroeconomics and Safe Assets. He has also studied the aggregate behavior of economies with heterogeneous agents,[4] the macroeconomic effects of irreversible investment in firm-specific assets,[5] and Schumpeterian theories of technological progress through creative destruction.[6]

Awards and Fellowships[]

In 2002, Caballero was awarded the Econometric Society's Frisch Medal with Eduardo Engel for their paper Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach.[7] 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.

In April 1998, Caballero was elected a Fellow of the Econometric Society and subsequently of the American Academy of Arts and Sciences in April 2010.

Selected Readings[]

  • Reach for Yield and Fickle Capital Flows (with Alp Simsek) AEA Papers and Proceedings (2018): 493-498[8]
  • Fire Sales in a Model of Complexity (with Alp Simsek) The Journal of Finance 68.6 (December 2013): 2549-2587[9]
  • Collective Risk Management in a Flight to Quality Episode (with Arvind Krisnamurthy) Journal of Finance 63.5 (October 2008): 2195-2230[10]
  • Explaining Investment Dynamics in U.S. Manufacturing: A Generalized(S,s) Approach (with Eduardo M. R. A. Engel) July 1999, Econometrica 67(4), 783-826.[11]
  • External Vulnerability and Preventive Policies. editor (with C. Calderon and L.F. Cespedes).
  • Macroeconomic Volatility in Reformed Latin America: Diagnosis and Policy Proposals. Washington, D.C.: Inter-American Development Bank. 2001.
  • Specificity and the Macroeconomics of Restructuring. MIT Press, Spring 2007 .

References[]

  1. ^ Jump up to: a b Caballero, Ricardo J. (1988). The Stochastic Behavior of Consumption and Savings (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  2. ^ Farhi, Emmanuel (2006). Three essays in macroeconomics (PDF) (Ph.D.). MIT. Retrieved 20 Jun 2017.
  3. ^ Caballero, Ricardo Jorge (1988), The Stochastic Behavior of Consumption and Savings. Ph.D. dissertation, Massachusetts Institute of Technology.
  4. ^ Caballero, R.; Engel, E. (1999). "Explaining investment dynamics in US manufacturing: a generalized (S,s) approach" (PDF). Econometrica. 67 (4): 783–826. doi:10.1111/1468-0262.00053. S2CID 158174490.
  5. ^ Caballero, R. & Hammour, M. (1998). "The macroeconomics of specificity" (PDF). Journal of Political Economy. 106 (4): 724–767. doi:10.1086/250028. S2CID 85507019.
  6. ^ Caballero, R. & Hammour, M. (1996). "On the timing and efficiency of creative destruction" (PDF). Quarterly Journal of Economics. 111 (3): 805–852. doi:10.2307/2946673. JSTOR 2946673. S2CID 17836698.
  7. ^ "Awards | The Econometric Society". www.econometricsociety.org. Retrieved 2019-01-19.
  8. ^ http://economics.mit.edu/files/15083
  9. ^ http://economics.mit.edu/files/8177
  10. ^ http://economics.mit.edu/files/3679
  11. ^ http://economics.mit.edu/files/12624

External links[]

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