Details about Ricardo J Caballero

E-mail:
Homepage:	http://web.mit.edu/caball/www
Workplace:	Economics Department, Massachusetts Institute of Technology (MIT), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Ricardo J Caballero.

Last updated 2009-11-07. Update your information in the RePEc Author Service.

Short-id: pca44

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Working Papers

2009

1. Complexity and Financial Panics
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Fire Sales in a Model of Complexity
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Global Imbalances and Financial Fragility
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in American Economic Review (2009)

2008

4. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
   Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations
5. Financial Crash, Commodity Prices and Global Imbalances
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations
6. Future Rent-Seeking and Current Public Savings
   NBER Working Papers, National Bureau of Economic Research, Inc
7. Inflating the Beast: Political Incentives Under Uncertainty
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2007

8. Collective Risk Management in a Flight to Quality Episode
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Finance (2008)
9. Effective Labor Regulation and Microeconomic Flexibility
   Levine's Bibliography, UCLA Department of Economics View citations
   Also in Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (2006) View citations
   Working Papers, Federal Reserve Bank of Boston (2004) View citations
   Working Papers, Economic Growth Center, Yale University (2004) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
10. Persistent Appreciations and Overshooting: A Normative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
11. Price Stickiness in Ss Models: New Interpretations of Old Results
    Working Papers, Economic Growth Center, Yale University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
    Levine's Bibliography, UCLA Department of Economics (2007) View citations
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (2007) View citations
    See also Journal Article in Journal of Monetary Economics (2007)
12. Trade and Capital Flows: A Financial Frictions Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Political Economy (2009)

2006

13. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2006) View citations
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations
    BIS Working Papers, Bank for International Settlements (2006)
    See also Journal Article in American Economic Review (2008)
14. Financial Integration Without the Volatility
    Working Papers Central Bank of Chile, Central Bank of Chile View citations
15. Flight to Quality and Collective Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
16. Lumpy Investment in Dynamic General Equilibrium
    2006 Meeting Papers, Society for Economic Dynamics View citations
    Also in Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (2006) View citations
17. On the Macroeconomics of Asset Shortages
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
18. Zombie Lending and Depressed Restructuring in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2008)

2005

19. A Quantitative Model of Sudden Stops and External Liquidity Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
20. Bubbles and Capital Flow Volatility: Causes and Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (2006)
21. Contingent Reserves Management: An Applied Framework
    Working Papers Central Bank of Chile, Central Bank of Chile
    Also in Working Papers, Federal Reserve Bank of Boston (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2005)
22. El temor a las paradas repentinas: enseñanzas de Australia y Chile
    RES Working Papers, Inter-American Development Bank, Research Department
23. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    MPRA Paper, University Library of Munich, Germany View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in International Journal of Central Banking (2005)
24. Fear of Sudden Stops: Lessons from Australia and Chile
    RES Working Papers, Inter-American Development Bank, Research Department View citations
    Also in Econometric Society 2004 Latin American Meetings, Econometric Society (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    RBA Research Discussion Papers, Reserve Bank of Australia (2004) View citations
    See also Journal Article in Journal of Policy Reform (2005)
25. Financial System Risk and Flight to Quality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2004

26. Fiscal Policy and Financial Depth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
27. Microeconomic Flexibility in Latin America
    Working Papers, Economic Growth Center, Yale University View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2004)
28. Speculative Growth: Hints from the US Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2006)
29. Three Strikes and You're Out: Reply to Cooper and Willis
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    Also in Working Papers, Economic Growth Center, Yale University (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations

2003

30. Adjustment Is Much Slower Than You Think
    Working Papers, Economic Growth Center, Yale University View citations
    Also in Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (2003) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
31. Hedging Sudden Stops and Precautionary Contractions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Development Economics (2008)
32. Inflation Targeting and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2004)
33. On the International Financial Architecture: Insuring Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Transformation (2003)

2002

34. A Dual Liquidity Model for Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2002)
35. Coping with Chile’s External Vulnerability: A Financial Problem
    Working Papers Central Bank of Chile, Central Bank of Chile View citations
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2002)
36. Duality in Fractional Programming Involving Locally Arcwise Connected and Related Functions
    Documentos del Instituto Complutense de Análisis Económico, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales
37. Speculative Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2001

38. A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
39. Creative Destruction and Development: Institutions, Crises and Restructuring
    DELTA Working Papers, DELTA (Ecole normale supérieure) View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
40. Institutions, Restructuring and Macroeconomic Performance
    DELTA Working Papers, DELTA (Ecole normale supérieure) View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
41. International Liquidity Illusion: On the Risks of Sterilization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
42. Smoothing Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Economic Theory (2004)
43. The Cost of Recessions Revisited: A Reverse-Liquidationist View
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1999) View citations
    See also Journal Article in Review of Economic Studies (2005)

2000

44. Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
45. Inestabilidad estructural en Argentina: un informe de políticas
    RES Working Papers, Inter-American Development Bank, Research Department
46. Inestabilidad estructural en Chile: informe de políticas
    RES Working Papers, Inter-American Development Bank, Research Department
47. Inestabilidad estructural en México: informe de políticas
    RES Working Papers, Inter-American Development Bank, Research Department
48. International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
49. International and Domestic Collateral Constraints in a Model of Emerging Market Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (2001)
50. Macroeconomic Volatility in Latin America: A View and Three Case Studies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Estudios de Economia (2001)
51. Structural Volatility in Argentina: A Policy Report
    RES Working Papers, Inter-American Development Bank, Research Department View citations
52. Structural Volatility in Chile: A Policy Report
    RES Working Papers, Inter-American Development Bank, Research Department View citations
53. Structural Volatility in Mexico: A Policy Report
    RES Working Papers, Inter-American Development Bank, Research Department View citations

1999

54. Emerging Market Crises: An Asset Markets Perspective
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations
    Also in IMF Working Papers, International Monetary Fund (1999) View citations
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations

1998

55. Improper Churn: Social Costs and Macroeconomic Consequences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations
56. Nonlinear Aggregate Investment Dynamics: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile (1998) View citations
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations

1997

57. Aggregaete Investment
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations
    See also Chapter (1999)
58. Jobless Growth: Appropriability, Factor Substitution, and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1997) View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1998)

1996

59. Aggregate Employment Dynamics: Building from Microeconomic Evidence
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    See also Journal Article in American Economic Review (1997)
60. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1994) View citations
    See also Journal Article in Econometrica (1999)
61. Fixed Costs: The Demise of Marginal q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1996) View citations
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations
62. The "Fundamental Transformation" in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1996)
63. The Macroeconomics of Specificity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations
    See also Journal Article in Journal of Political Economy (1998)
64. Uncertainty, Investment, and Industry Evolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (1992) View citations
    See also Journal Article in International Economic Review (1996)

1995

65. On the Ills of Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1995) View citations
    See also Journal Article in Journal of Development Economics (1996)

1994

66. On the Timing and Efficiency of Creative Destruction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1996)
67. On the Timing and Efficiency of Creative Distribution
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1993

68. Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Studies (1994)
69. How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1993)

1992

70. Microeconomic Adjustment Hazards and Aggregate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1993)
71. Microeconomic Rigidities and Aggregate Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in European Economic Review (1993)
72. Near-Rationality, Heterogeneity and Aggregate Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (1995)
73. Price Rigidities, Asymmetries, and Output Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1991

74. A Fallacy of Composition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Papers, Columbia University, Department of Economics (1990) View citations
    See also Journal Article in American Economic Review (1992)
75. Durable Goods: An Explanation for Their Slow Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Papers, Columbia University, Department of Economics (1990) View citations
    See also Journal Article in Journal of Political Economy (1993)
76. Dynamic (S,s) Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Papers, Columbia University, Department of Economics (1990)
    See also Journal Article in Econometrica (1991)
77. External Effects in U.S. Procyclical Productivity
    Working Papers, Columbia - Graduate School of Business
    See also Journal Article in Journal of Monetary Economics (1992)
78. Fussy Preferences and Agrregate Consumption
    Discussion Papers, Columbia University, Department of Economics
79. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
    Discussion Papers, Columbia University, Department of Economics
    Also in Discussion Papers, Columbia University, Department of Economics (1989) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations
    See also Journal Article in Review of Economic Studies (1993)
80. Irreversibility and Aggregate Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Studies (1994)
81. On the Dynamic of Aggregate Investment
    Discussion Papers, Columbia University, Department of Economics
82. Short and Long Run Externalities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Columbia - Graduate School of Business (1991) View citations
83. Some Evidence of Productivity Linkages in Manufacturing
    Working Papers, Columbia - Graduate School of Business View citations
84. Sourcing Externalities
    Discussion Papers, Columbia University, Department of Economics
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1991)
85. Sustainable Intervention Policies and Exchange Rate Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
86. The Cleansing Effect of Recessions
    Discussion Papers, Columbia University, Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations
    See also Journal Article in American Economic Review (1994)

1990

87. DYNAMIC (S,S) ECONOMIES: AGGREGATION, HETEROGENEITY AND COORDINATION
    Discussion Papers, Columbia University, Department of Economics
88. EARNINGS UNCERTAINTY, PRECAUTIONARY SAVINGS AND AGGREGATE WEALTH ACCUMULATION
    Discussion Papers, Columbia University, Department of Economics
89. EXTERNAL EFFECTS AND EUROPE'S INTEGRATION
    Discussion Papers, Columbia University, Department of Economics View citations
90. EXTERNALITIES AND CYCLICAL FACTOR PRODUCTIVITY
    Discussion Papers, Columbia University, Department of Economics View citations
91. IRRESIBILITY AND AGGREGATE INVESTMENT
    Discussion Papers, Columbia University, Department of Economics
92. KINKED ADJUSTMENT COSTS AND AGGREGATE DYNAMICS
    Discussion Papers, Columbia University, Department of Economics View citations
    See also Chapter (1990)
93. ON THE TARGET RELATION BETWEEN CAPITAL AND ITS COST:SMALL SAMPLE BIAS AND ADJUSTMENT COSTS
    Discussion Papers, Columbia University, Department of Economics
94. RESERVES AND REALIGNMENTS IN A TARGET ZONE
    Discussion Papers, Columbia University, Department of Economics
95. Target Zones and Realignments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in American Economic Review (1992)

1989

96. COMPETITION AND THE NON-ROBUSTNESS OF THE INVESTMENT-UNCERTAINTY RELATIONSHIP
    Discussion Papers, Columbia University, Department of Economics View citations
97. EXPENDITURE ON DURABLE GOODS: A CASE FOR SLOW ADJUSTMENT
    Discussion Papers, Columbia University, Department of Economics View citations
    See also Journal Article in The Quarterly Journal of Economics (1990)
98. How does uncertainty about the real exchange rate affect exports?
    Policy Research Working Paper Series, The World Bank View citations
99. INTERNAL VERSUS EXTERNAL ECONOMIES IN EUROPEAN INDUSTRY
    Discussion Papers, Columbia University, Department of Economics View citations
    See also Journal Article in European Economic Review (1990)
100. SLOPE SHOCKS AND CONSUMPTION PUZZLES: A SEMI-STRUCTURAL APPROACH
     Discussion Papers, Columbia University, Department of Economics
101. THE ROLE OF EXTERNAL ECONOMIES IN U.S. MANUFACTURING
     Discussion Papers, Columbia University, Department of Economics View citations
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
102. THE S-S ECONOMY: AGGREGATION, SPEED OF CONVERGENCE AND MONETARY POLICY EFFECTIVENESS
     Discussion Papers, Columbia University, Department of Economics View citations
103. TIME DEPENDENT RULES, AGGREGATE STICKINESS AND INFORMATION EXTERNALITIES
     Discussion Papers, Columbia University, Department of Economics View citations

1988

104. A NON LIFE CYCLE MODEL OF WEALTH ACCUMULATION
     Discussion Papers, Columbia University, Department of Economics
105. CONSUMPTION EXPENDITURES: A CASE FOR SLOW ADJUSTMENT
     Discussion Papers, Columbia University, Department of Economics
106. CONSUMPTION PUZZLES AND PRECAUTIONARY SAVINGS
     Discussion Papers, Columbia University, Department of Economics View citations
     See also Journal Article in Journal of Monetary Economics (1990)
107. REAL EXCHANGE RATE UNCERTAINTY AND EXPORTS: MULTI-COUNTRY EMPIRICAL EVIDENCE
     Discussion Papers, Columbia University, Department of Economics View citations

Journal Articles

2009

1. Global Imbalances and Financial Fragility
   American Economic Review, 2009, 99, (2), 584-88 View citations
   See also Working Paper (2009)
2. Trade and Capital Flows: A Financial Frictions Perspective
   Journal of Political Economy, 2009, 117, (4), 701-744
   See also Working Paper (2007)

2008

3. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
   American Economic Review, 2008, 98, (1), 358-93
   See also Working Paper (2006)
4. Collective Risk Management in a Flight to Quality Episode
   Journal of Finance, 2008, 63, (5), 2195-2230 View citations
   See also Working Paper (2007)
5. Hedging sudden stops and precautionary contractions
   Journal of Development Economics, 2008, 85, (1-2), 28-57
   See also Working Paper (2003)
6. Zombie Lending and Depressed Restructuring in Japan
   American Economic Review, 2008, 98, (5), 1943-77 View citations
   See also Working Paper (2006)

2007

7. Price stickiness in Ss models: New interpretations of old results
   Journal of Monetary Economics, 2007, 54, (Supplement 1), 100-121 View citations
   See also Working Paper (2007)

2006

8. Bubbles and capital flow volatility: Causes and risk management
   Journal of Monetary Economics, 2006, 53, (1), 35-53 View citations
   See also Working Paper (2005)
9. Speculative Growth: Hints from the U.S. Economy
   American Economic Review, 2006, 96, (4), 1159-1192 View citations
   See also Working Paper (2004)

2005

10. Commentary on "productivity and the post-1990 U.S. economy"
    Review, 2005, (Jul), 551-554
11. Contingent Reserves Management: an Applied Framework
    Journal Economía Chilena (The Chilean Economy), 2005, 8, (2), 45-56
    See also Working Paper (2005)
12. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    International Journal of Central Banking, 2005, 1, (1) View citations
    See also Working Paper (2005)
13. Fear of Sudden Stops: Lessons From Australia and Chile 1
    Journal of Policy Reform, 2005, 8, (4), 313-354 View citations
    See also Working Paper (2005)
14. The Cost of Recessions Revisited: A Reverse-Liquidationist View
    Review of Economic Studies, 2005, 72, (2), 313-341 View citations
    See also Working Paper (2001)

2004

15. A Comment on the Economics of Labor Adjustment: Mind the Gap: Reply
    American Economic Review, 2004, 94, (4), 1238-1244 View citations
16. Microeconomic Flexibility in Latin America
    Journal Economía Chilena (The Chilean Economy), 2004, 7, (2), 5-26 View citations
    See also Working Paper (2004)
17. Smoothing sudden stops
    Journal of Economic Theory, 2004, 119, (1), 104-127 View citations
    See also Working Paper (2001)

2003

18. Excessive Dollar Debt: Financial Development and Underinsurance
    Journal of Finance, 2003, 58, (2), 867-894 View citations
19. Modelización de problemas de ordenación forestal con múltiples criterios. Una aplicación a la economía forestal cubana
    Estudios de Economía Aplicada, 2003, 21, 339-360
20. On the international financial architecture: Insuring emerging markets
    Journal of Financial Transformation, 2003, 7, 8-12 View citations
    See also Working Paper (2003)
21. The Future of the IMF
    American Economic Review, 2003, 93, (2), 31-38 View citations

2002

22. A Dual Liquidity Model for Emerging Markets
    American Economic Review, 2002, 92, (2), 33-37 View citations
    See also Working Paper (2002)
23. Analysis and comparisons of some solution concepts for stochastic programming problems
    TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2002, 10, (1), 101-123 View citations
24. Coping With Chile’s External Vulnerability: A Financial Problem
    Journal Economía Chilena (The Chilean Economy), 2002, 5, (1), 11-36
    See also Working Paper (2002)

2001

25. Efficient assignment of financial resources within a university system. Study of the University of Malaga
    European Journal of Operational Research, 2001, 133, (2), 298-309 View citations
26. International and domestic collateral constraints in a model of emerging market crises
    Journal of Monetary Economics, 2001, 48, (3), 513-548 View citations
    See also Working Paper (2000)
27. Macroeconomic volatility in Latin America: a view and three case studies
    Estudios de Economia, 2001, 28, (1 Year 2001), 5-52 View citations
    See also Working Paper (2000)

1999

28. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
    Econometrica, 1999, 67, (4), 783-826 View citations
    See also Working Paper (1996)
29. The stochastic bottleneck linear programming problem
    TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 1999, 7, (1), 123-143

1998

30. Jobless growth: appropriability, factor substitution, and unemployment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 51-94 View citations
    See also Working Paper (1997)
31. The Macroeconomics of Specificity
    Journal of Political Economy, 1998, 106, (4), 724-767 View citations
    See also Working Paper (1996)

1997

32. Aggregate Employment Dynamics: Building from Microeconomic Evidence
    American Economic Review, 1997, 87, (1), 115-37 View citations
    See also Working Paper (1996)

1996

33. On the Timing and Efficiency of Creative Destruction
    The Quarterly Journal of Economics, 1996, 111, (3), 805-52 View citations
    See also Working Paper (1994)
34. On the ills of adjustment
    Journal of Development Economics, 1996, 51, (1), 161-192 View citations
    See also Working Paper (1995)
35. The "Fundamental Transformation" in Macroeconomics
    American Economic Review, 1996, 86, (2), 181-86 View citations
    See also Working Paper (1996)
36. Uncertainty, Investment, and Industry Evolution
    International Economic Review, 1996, 37, (3), 641-62 View citations
    See also Working Paper (1996)

1995

37. Near-Rationality, Heterogeneity, and Aggregate Consumption
    Journal of Money, Credit and Banking, 1995, 27, (1), 29-48 View citations
    See also Working Paper (1992)
38. Plant-Level Adjustment and Aggregate Investment Dynamics
    Brookings Papers on Economic Activity, 1995, 26, (1995-2), 1-54 View citations

1994

39. Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
    Review of Economic Studies, 1994, 61, (3), 435-56 View citations
    See also Working Paper (1993)
40. Customer- and Supplier-Driven Externalities
    American Economic Review, 1994, 84, (4), 1075-84 View citations
41. Irreversibility and Aggregate Investment
    Review of Economic Studies, 1994, 61, (2), 223-46 View citations
    See also Working Paper (1991)
42. Notes on the Theory and Evidence on Aggregate Purchases of Durable Goods
    Oxford Review of Economic Policy, 1994, 10, (2), 107-17 View citations
43. Small Sample Bias and Adjustment Costs
    The Review of Economics and Statistics, 1994, 76, (1), 52-58 View citations
44. The Cleansing Effect of Recessions
    American Economic Review, 1994, 84, (5), 1350-68 View citations
    See also Working Paper (1991)

1993

45. Durable Goods: An Explanation for Their Slow Adjustment
    Journal of Political Economy, 1993, 101, (2), 351-84 View citations
    See also Working Paper (1991)
46. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
    Review of Economic Studies, 1993, 60, (1), 95-119 View citations
    See also Working Paper (1991)
47. Microeconomic Adjustment Hazards and Aggregate Dynamics
    The Quarterly Journal of Economics, 1993, 108, (2), 359-83 View citations
    See also Working Paper (1992)
48. Microeconomic rigidities and aggregate price dynamics
    European Economic Review, 1993, 37, (4), 697-711 View citations
    See also Working Paper (1992)
49. Unemployment, consumption and growth: by Charles Bean and Chris Pissarides
    European Economic Review, 1993, 37, (4), 855-859

1992

50. A Fallacy of Composition
    American Economic Review, 1992, 82, (5), 1279-92 View citations
    See also Working Paper (1991)
51. Beyond the Partial-Adjustment Model
    American Economic Review, 1992, 82, (2), 360-64 View citations
52. External effects in U.S. procyclical productivity
    Journal of Monetary Economics, 1992, 29, (2), 209-225 View citations
    See also Working Paper (1991)
53. Target Zones and Realignments
    American Economic Review, 1992, 82, (3), 520-36 View citations
    See also Working Paper (1990)

1991

54. Dynamic (S, s) Economies
    Econometrica, 1991, 59, (6), 1659-86 View citations
    See also Working Paper (1991)
55. Earnings Uncertainty and Aggregate Wealth Accumulation
    American Economic Review, 1991, 81, (4), 859-71 View citations
56. On the Sign of the Investment-Uncertainty Relationship
    American Economic Review, 1991, 81, (1), 279-88 View citations

1990

57. Consumption puzzles and precautionary savings
    Journal of Monetary Economics, 1990, 25, (1), 113-136 View citations
    See also Working Paper (1988)
58. Expenditure on Durable Goods: A Case for Slow Adjustment
    The Quarterly Journal of Economics, 1990, 105, (3), 727-43 View citations
    See also Working Paper (1989)
59. Internal versus external economies in European industry
    European Economic Review, 1990, 34, (4), 805-826 View citations
    See also Working Paper (1989)

1986

60. Análisis de la Balanza Comercial: Un Enfoque de Equilibrio General
    Cuadernos de Economía (Latin American Journal of Economics), 1986, 23, (70), 285-314 View citations

Books

2007

1. Specificity and the Macroeconomics of Restructuring, vol 1
   MIT Press Books, The MIT Press View citations

Chapters

2007

1. Comment on "Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?"
   A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2007

2004

2. Inflation Targeting and Sudden Stops
   A chapter in The Inflation-Targeting Debate, 2004, pp 423-446 View citations
   See also Working Paper (2003)

1999

3. Aggregate investment
   Chapter 12 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 813-862 View citations
   See also Working Paper (1997)

1993

4. How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth
   A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 15-86 View citations
   See also Working Paper (1993)

1990

5. Kinked Adjustment Costs and Aggregate Dynamics
   A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 237-296 View citations
   See also Working Paper (1990)