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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 2023-09-16. Update your information in the RePEc Author Service.

Short-id: pca44


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Working Papers

2024

  1. Central Banks, Stock Markets, and the Real Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2022

  1. A Monetary Policy Asset Pricing Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. A Note on Temporary Supply Shocks with Aggregate Demand Inertia
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) Downloads
    CESifo Working Paper Series, CESifo (2022) Downloads View citations (5)

    See also Journal Article A Note on Temporary Supply Shocks with Aggregate Demand Inertia, American Economic Review: Insights, American Economic Association (2023) Downloads View citations (1) (2023)
  3. Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (4)
    CESifo Working Paper Series, CESifo (2022) Downloads
  4. Monetary Policy with Opinionated Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (1)

    See also Journal Article Monetary Policy with Opinionated Markets, American Economic Review, American Economic Association (2022) Downloads View citations (6) (2022)

2020

  1. A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (11)

    See also Journal Article A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “COVID-19” Shock, The Review of Financial Studies, Society for Financial Studies (2021) Downloads View citations (16) (2021)
  2. Global Imbalances and Policy Wars at the Zero Lower Bound
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (28)

    See also Journal Article Global Imbalances and Policy Wars at the Zero Lower Bound, The Review of Economic Studies, Review of Economic Studies Ltd (2021) Downloads View citations (2) (2021)

2019

  1. A Model of Fickle Capital Flows and Retrenchment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (25)

    See also Journal Article A Model of Fickle Capital Flows and Retrenchment, Journal of Political Economy, University of Chicago Press (2020) Downloads View citations (23) (2020)
  2. A Risk-centric Model of Demand Recessions and Speculation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (8)

    See also Journal Article A Risk-Centric Model of Demand Recessions and Speculation*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2020) Downloads View citations (24) (2020)
  3. On the Global Impact of Risk-off Shocks and Policy-put Frameworks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2019) Downloads View citations (7)
  4. Prudential Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) Downloads View citations (11)

2018

  1. A risk-centric model of demand recessions and macroprudential policy
    BIS Working Papers, Bank for International Settlements Downloads View citations (5)
  2. Reach for Yield and Fickle Capital Flows
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article Reach for Yield and Fickle Capital Flows, AEA Papers and Proceedings, American Economic Association (2018) Downloads View citations (3) (2018)

2017

  1. Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models
    Working Papers, University of Chile, Department of Economics Downloads View citations (3)
    Also in Working Papers, University of Chile, Department of Economics (2015) Downloads View citations (4)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2008) Downloads View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (26)
  2. Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley Downloads View citations (99)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (102)

    See also Journal Article Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares, American Economic Review, American Economic Association (2017) Downloads View citations (102) (2017)
  3. Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns to Capital, Earnings Yields
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (99)
  4. The Safe Assets Shortage Conundrum
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley Downloads View citations (139)
    See also Journal Article The Safe Assets Shortage Conundrum, Journal of Economic Perspectives, American Economic Association (2017) Downloads View citations (161) (2017)

2016

  1. Global Imbalances and Currency Wars at the ZLB
    Working Paper, Harvard University OpenScholar Downloads View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (77)
  2. Safe Asset Scarcity and Aggregate Demand
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (115)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (83)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (116)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2016) Downloads View citations (100)

    See also Journal Article Safe Asset Scarcity and Aggregate Demand, American Economic Review, American Economic Association (2016) Downloads View citations (116) (2016)

2015

  1. The Safety Trap
    Working Paper, Harvard University OpenScholar Downloads View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (65)
    Working Paper, Harvard University OpenScholar Downloads View citations (232)

    See also Journal Article The Safety Trap, The Review of Economic Studies, Review of Economic Studies Ltd (2018) Downloads View citations (61) (2018)

2013

  1. A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (60)
    Also in Working Paper, Harvard University OpenScholar (2013) Downloads View citations (60)

2012

  1. Carry Trade and Systemic Risk: Why are FX Options so Cheap?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2011

  1. A Caricature (Model) of the World Economy
    Levine's Working Paper Archive, David K. Levine Downloads
    See also Chapter A Caricature (Model) of the World Economy, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2015) Downloads (2015)

2010

  1. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (19)

    See also Journal Article Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model, American Economic Journal: Macroeconomics, American Economic Association (2013) Downloads View citations (86) (2013)
  2. Effective Labor Regulation and Microeconomic Flexibility
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (27)
    Also in Working Papers, Economic Growth Center, Yale University (2004) Downloads View citations (73)
    Center Discussion Papers, Yale University, Economic Growth Center (2004) Downloads View citations (186)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (90)
    Levine's Bibliography, UCLA Department of Economics (2007) Downloads View citations (21)
    Working Papers, Federal Reserve Bank of Boston (2004) Downloads View citations (63)

    See also Journal Article Effective labor regulation and microeconomic flexibility, Journal of Development Economics, Elsevier (2013) Downloads View citations (39) (2013)
  3. Fire Sales in a Model of Complexity
    2010 Meeting Papers, Society for Economic Dynamics View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (32)

    See also Journal Article Fire Sales in a Model of Complexity, Journal of Finance, American Finance Association (2013) Downloads View citations (163) (2013)
  4. Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (251)
    See also Journal Article Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome, Journal of Economic Perspectives, American Economic Association (2010) Downloads View citations (237) (2010)
  5. On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (12)
    See also Journal Article On the Role of Financial Frictions and the Saving Rate During Trade Liberalizations, Journal of the European Economic Association, MIT Press (2010) Downloads View citations (12) (2010)
  6. The "Other" Imbalance and the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (34)

2009

  1. Complexity and Financial Panics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (36)
  2. Global Imbalances and Financial Fragility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (183)
    See also Journal Article Global Imbalances and Financial Fragility, American Economic Review, American Economic Association (2009) Downloads View citations (179) (2009)

2008

  1. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (691)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (191)
    2006 Meeting Papers, Society for Economic Dynamics (2006) Downloads View citations (78)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (94)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2006) Downloads View citations (82)
    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) Downloads View citations (110)
    BIS Working Papers, Bank for International Settlements (2006) Downloads View citations (39)

    See also Journal Article An Equilibrium Model of "Global Imbalances" and Low Interest Rates, American Economic Review, American Economic Association (2008) Downloads View citations (527) (2008)
  2. Financial Crash, Commodity Prices and Global Imbalances
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (194)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) Downloads View citations (178)
    Working Paper, Harvard University OpenScholar Downloads View citations (6)
    Scholarly Articles, Harvard University Department of Economics (2008) Downloads View citations (184)
  3. Future Rent-Seeking and Current Public Savings
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article Future rent-seeking and current public savings, Journal of International Economics, Elsevier (2010) Downloads View citations (47) (2010)
  4. Inflating the Beast: Political Incentives Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

2007

  1. Collective Risk Management in a Flight to Quality Episode
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article Collective Risk Management in a Flight to Quality Episode, Journal of Finance, American Finance Association (2008) Downloads View citations (393) (2008)
  2. Persistent Appreciations and Overshooting: A Normative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (22)

    See also Journal Article Persistent Appreciations and Overshooting: A Normative Analysis, IMF Economic Review, Palgrave Macmillan (2014) Downloads View citations (33) (2014)
  3. Price Stickiness in Ss Models: New Interpretations of Old Results
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (122)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (126)
    Center Discussion Papers, Yale University, Economic Growth Center (2007) Downloads View citations (125)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2007) Downloads View citations (101)
    Working Papers, Economic Growth Center, Yale University (2007) Downloads View citations (120)
    2007 Meeting Papers, Society for Economic Dynamics (2007) Downloads View citations (116)

    See also Journal Article Price stickiness in Ss models: New interpretations of old results, Journal of Monetary Economics, Elsevier (2007) Downloads View citations (110) (2007)
  4. Trade and Capital Flows: A Financial Frictions Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    Also in Scholarly Articles, Harvard University Department of Economics (2007) Downloads View citations (22)

    See also Journal Article Trade and Capital Flows: A Financial Frictions Perspective, Journal of Political Economy, University of Chicago Press (2009) Downloads View citations (198) (2009)

2006

  1. Financial Integration Without the Volatility
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (21)
  2. Flight to Quality and Collective Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  3. Lumpy Investment in Dynamic General Equilibrium
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (16)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) Downloads View citations (19)
  4. On the Macroeconomics of Asset Shortages
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (146)
  5. Zombie Lending and Depressed Restructuring in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (59)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2006) Downloads

    See also Journal Article Zombie Lending and Depressed Restructuring in Japan, American Economic Review, American Economic Association (2008) Downloads View citations (820) (2008)

2005

  1. A Quantitative Model of Sudden Stops and External Liquidity Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)
  2. Bubbles and Capital Flow Volatility: Causes and Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Bubbles and capital flow volatility: Causes and risk management, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (218) (2006)
  3. Contingent Reserves Management: An Applied Framework
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)
    Also in Working Papers, Federal Reserve Bank of Boston (2004) Downloads View citations (27)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (33)

    See also Journal Article Contingent Reserves Management: an Applied Framework, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2005) Downloads View citations (4) (2005)
    Chapter Contingent Reserves Management: An Applied Framework, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2006) Downloads View citations (6) (2006)
  4. El temor a las paradas repentinas: enseñanzas de Australia y Chile
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  5. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    MPRA Paper, University Library of Munich, Germany Downloads View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (14)

    See also Journal Article Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective, International Journal of Central Banking, International Journal of Central Banking (2005) Downloads View citations (24) (2005)
  6. Fear of Sudden Stops: Lessons from Australia and Chile
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (28)
    Also in RBA Research Discussion Papers, Reserve Bank of Australia (2004) Downloads View citations (44)
    Econometric Society 2004 Latin American Meetings, Econometric Society (2004) Downloads View citations (55)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (47)
  7. Financial System Risk and Flight to Quality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)

2004

  1. Fiscal Policy and Financial Depth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (92)
  2. Microeconomic Flexibility in Latin America
    Working Papers, Economic Growth Center, Yale University Downloads View citations (25)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2004) Downloads View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (25)

    See also Chapter Microeconomic Flexibility in Latin America, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2005) Downloads View citations (6) (2005)
    Journal Article Microeconomic Flexibility in Latin America, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2004) Downloads View citations (24) (2004)
  3. Speculative Growth: Hints from the US Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    See also Journal Article Speculative Growth: Hints from the U.S. Economy, American Economic Review, American Economic Association (2006) Downloads View citations (93) (2006)
  4. Three Strikes and You're Out: Reply to Cooper and Willis
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (5)
    Working Papers, Economic Growth Center, Yale University (2004) Downloads View citations (3)
    Center Discussion Papers, Yale University, Economic Growth Center (2004) Downloads View citations (3)

2003

  1. Adjustment Is Much Slower Than You Think
    Working Papers, Economic Growth Center, Yale University Downloads View citations (32)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2003) Downloads View citations (38)
  2. Hedging Sudden Stops and Precautionary Contractions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    See also Journal Article Hedging sudden stops and precautionary contractions, Journal of Development Economics, Elsevier (2008) Downloads View citations (65) (2008)
  3. Inflation Targeting and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    See also Chapter Inflation Targeting and Sudden Stops, NBER Chapters, National Bureau of Economic Research, Inc (2004) Downloads View citations (11) (2004)
  4. On the International Financial Architecture: Insuring Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    See also Journal Article On the international financial architecture: Insuring emerging markets, Journal of Financial Transformation, Capco Institute (2003) View citations (22) (2003)

2002

  1. A Dual Liquidity Model for Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (45)
    See also Journal Article A Dual Liquidity Model for Emerging Markets, American Economic Review, American Economic Association (2002) Downloads View citations (38) (2002)
  2. Coping with Chile’s External Vulnerability: A Financial Problem
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (20)
    See also Chapter Coping with Chile´s External Vulnerability: a Financial Problem, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) Downloads View citations (14) (2002)
    Journal Article Coping With Chile’s External Vulnerability: A Financial Problem, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2002) Downloads View citations (14) (2002)
  3. Duality in Fractional Programming Involving Locally Arcwise Connected and Related Functions
    Documentos de Trabajo del ICAE, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico Downloads
  4. Speculative Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)

2001

  1. A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  2. Creative Destruction and Development: Institutions, Crises and Restructuring
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (73)
  3. Institutions, Restructuring and Macroeconomic Performance
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (42)

    See also Chapter Institutions, Restructuring and Macroeconomic Performance, International Economic Association Series, Palgrave Macmillan (2001) View citations (10) (2001)
  4. International Liquidity Illusion: On the Risks of Sterilization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  5. Smoothing Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Journal Article Smoothing sudden stops, Journal of Economic Theory, Elsevier (2004) Downloads View citations (78) (2004)
  6. 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) Downloads View citations (14)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1999) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) Downloads View citations (19)

    See also Journal Article The Cost of Recessions Revisited: A Reverse-Liquidationist View, The Review of Economic Studies, Review of Economic Studies Ltd (2005) Downloads View citations (99) (2005)

2000

  1. Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (42)
  2. Inestabilidad estructural en Argentina: un informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  3. Inestabilidad estructural en Chile: informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  4. Inestabilidad estructural en México: informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  5. International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) Downloads View citations (18)
  6. International and Domestic Collateral Constraints in a Model of Emerging Market Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article International and domestic collateral constraints in a model of emerging market crises, Journal of Monetary Economics, Elsevier (2001) Downloads View citations (497) (2001)
  7. Macroeconomic Volatility in Latin America: A View and Three Case Studies
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (50)

    See also Journal Article Macroeconomic volatility in Latin America: a view and three case studies, Estudios de Economia, University of Chile, Department of Economics (2001) Downloads View citations (11) (2001)
  8. Structural Volatility in Argentina: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (7)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) Downloads View citations (1)
  9. Structural Volatility in Chile: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (7)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) Downloads View citations (2)
  10. Structural Volatility in Mexico: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (4)

1999

  1. Emerging Market Crises: An Asset Markets Perspective
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (30)
    Also in IMF Working Papers, International Monetary Fund (1999) Downloads View citations (19)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations (69)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (59)

1998

  1. Improper Churn: Social Costs and Macroeconomic Consequences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations (19)
  2. Nonlinear Aggregate Investment Dynamics: Theory and Evidence
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (8)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations (8)

1997

  1. Aggregaete Investment
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (155)

    See also Chapter Aggregate investment, Handbook of Macroeconomics, Elsevier (1999) Downloads View citations (141) (1999)
  2. Jobless Growth: Appropriability, Factor Substitution, and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1997) View citations (40)

    See also Journal Article Jobless growth: appropriability, factor substitution, and unemployment, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998) Downloads View citations (162) (1998)

1996

  1. 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) Downloads View citations (12)

    See also Journal Article Aggregate Employment Dynamics: Building from Microeconomic Evidence, American Economic Review, American Economic Association (1997) Downloads View citations (275) (1997)
  2. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (48)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) Downloads View citations (53)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1994) View citations (8)

    See also Journal Article Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach, Econometrica, Econometric Society (1999) View citations (268) (1999)
  3. Fixed Costs: The Demise of Marginal q
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (69)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (73)
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (78)
  4. The "Fundamental Transformation" in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    See also Journal Article The "Fundamental Transformation" in Macroeconomics, American Economic Review, American Economic Association (1996) Downloads View citations (21) (1996)
  5. The Macroeconomics of Specificity
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (12)

    See also Journal Article The Macroeconomics of Specificity, Journal of Political Economy, University of Chicago Press (1998) Downloads View citations (110) (1998)

1995

  1. On the Ills of Adjustment
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (2)

    See also Journal Article On the ills of adjustment, Journal of Development Economics, Elsevier (1996) Downloads View citations (32) (1996)

1994

  1. On the Timing and Efficiency of Creative Destruction
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    See also Journal Article On the Timing and Efficiency of Creative Destruction, The Quarterly Journal of Economics, President and Fellows of Harvard College (1996) Downloads View citations (337) (1996)
  2. On the Timing and Efficiency of Creative Distribution
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1993

  1. Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment, The Review of Economic Studies, Review of Economic Studies Ltd (1994) Downloads View citations (83) (1994)
  2. 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 Downloads View citations (351)
    See also Chapter How High Are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth, NBER Chapters, National Bureau of Economic Research, Inc (1993) Downloads View citations (371) (1993)

1992

  1. Microeconomic Adjustment Hazards and Aggregate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article Microeconomic Adjustment Hazards and Aggregate Dynamics, The Quarterly Journal of Economics, President and Fellows of Harvard College (1993) Downloads View citations (176) (1993)
  2. Microeconomic Rigidities and Aggregate Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Microeconomic rigidities and aggregate price dynamics, European Economic Review, Elsevier (1993) Downloads View citations (81) (1993)
  3. Near-Rationality, Heterogeneity and Aggregate Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article Near-Rationality, Heterogeneity, and Aggregate Consumption, Journal of Money, Credit and Banking, Blackwell Publishing (1995) Downloads View citations (53) (1995)
  4. Price Rigidities, Asymmetries, and Output Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
  5. Uncertainty, Investment, and Industry Evolution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (77)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (1992) Downloads View citations (39)

    See also Journal Article Uncertainty, Investment, and Industry Evolution, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1996) View citations (139) (1996)

1991

  1. A Fallacy of Composition
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article A Fallacy of Composition, American Economic Review, American Economic Association (1992) Downloads View citations (68) (1992)
  2. Durable Goods: An Explanation for Their Slow Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article Durable Goods: An Explanation for Their Slow Adjustment, Journal of Political Economy, University of Chicago Press (1993) Downloads View citations (81) (1993)
  3. Dynamic (S,s) Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (60)
    See also Journal Article Dynamic (S, s) Economies, Econometrica, Econometric Society (1991) Downloads View citations (111) (1991)
  4. External Effects in U.S. Procyclical Productivity
    Working Papers, Columbia - Graduate School of Business View citations (1)
    See also Journal Article External effects in U.S. procyclical productivity, Journal of Monetary Economics, Elsevier (1992) Downloads View citations (147) (1992)
  5. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy, The Review of Economic Studies, Review of Economic Studies Ltd (1993) Downloads View citations (66) (1993)
  6. Irreversibility and Aggregate Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article Irreversibility and Aggregate Investment, The Review of Economic Studies, Review of Economic Studies Ltd (1994) Downloads View citations (296) (1994)
  7. Short and Long Run Externalities
    Working Papers, Columbia - Graduate School of Business View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) Downloads View citations (18)
  8. Some Evidence of Productivity Linkages in Manufacturing
    Working Papers, Columbia - Graduate School of Business View citations (3)
  9. Sourcing externalities
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
  10. Sustainable Intervention Policies and Exchange Rate Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (11)
  11. The Cleansing Effect of Recessions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    See also Journal Article The Cleansing Effect of Recessions, American Economic Review, American Economic Association (1994) Downloads View citations (716) (1994)

1990

  1. Target Zones and Realignments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (21)
    See also Journal Article Target Zones and Realignments, American Economic Review, American Economic Association (1992) Downloads View citations (174) (1992)

1989

  1. How does uncertainty about the real exchange rate affect exports?
    Policy Research Working Paper Series, The World Bank Downloads View citations (15)
  2. The Role of External Economies in U.S. Manufacturing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (55)

Undated

  1. Rents, Technical Change, and Risk Premia: Accounting for Secular Changes in Interest Rates, Returns to Capital, Earnings Yields, and Factor Shares
    Working Paper, Harvard University OpenScholar Downloads View citations (1)

Journal Articles

2023

  1. A Note on Temporary Supply Shocks with Aggregate Demand Inertia
    American Economic Review: Insights, 2023, 5, (2), 241-58 Downloads View citations (1)
    See also Working Paper A Note on Temporary Supply Shocks with Aggregate Demand Inertia, NBER Working Papers (2022) Downloads View citations (8) (2022)

2022

  1. Cancer Chemotherapy-Induced Sinus Bradycardia: A Narrative Review of a Forgotten Adverse Effect of Cardiotoxicity
    Drug Safety, 2022, 45, (2), 101-126 Downloads
  2. Monetary Policy with Opinionated Markets
    American Economic Review, 2022, 112, (7), 2353-92 Downloads View citations (6)
    See also Working Paper Monetary Policy with Opinionated Markets, CEPR Discussion Papers (2022) Downloads View citations (1) (2022)

2021

  1. A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “COVID-19” Shock
    (Financial intermediaries and the cross-section of asset returns)
    The Review of Financial Studies, 2021, 34, (11), 5522-5580 Downloads View citations (16)
    See also Working Paper A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock, CEPR Discussion Papers (2020) Downloads View citations (8) (2020)
  2. Global Imbalances and Policy Wars at the Zero Lower Bound
    (Safe Assets)
    The Review of Economic Studies, 2021, 88, (6), 2570-2621 Downloads View citations (2)
    See also Working Paper Global Imbalances and Policy Wars at the Zero Lower Bound, CEPR Discussion Papers (2020) Downloads View citations (12) (2020)

2020

  1. A Model of Fickle Capital Flows and Retrenchment
    Journal of Political Economy, 2020, 128, (6), 2288 - 2328 Downloads View citations (23)
    See also Working Paper A Model of Fickle Capital Flows and Retrenchment, CEPR Discussion Papers (2019) Downloads View citations (6) (2019)
  2. A Risk-Centric Model of Demand Recessions and Speculation*
    The Quarterly Journal of Economics, 2020, 135, (3), 1493-1566 Downloads View citations (24)
    See also Working Paper A Risk-centric Model of Demand Recessions and Speculation, CEPR Discussion Papers (2019) Downloads View citations (5) (2019)

2018

  1. Reach for Yield and Fickle Capital Flows
    AEA Papers and Proceedings, 2018, 108, 493-98 Downloads View citations (3)
    See also Working Paper Reach for Yield and Fickle Capital Flows, NBER Working Papers (2018) Downloads View citations (3) (2018)
  2. The Safety Trap
    The Review of Economic Studies, 2018, 85, (1), 223-274 Downloads View citations (61)
    See also Working Paper The Safety Trap, Working Paper (2015) Downloads View citations (31) (2015)

2017

  1. Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
    American Economic Review, 2017, 107, (5), 614-20 Downloads View citations (102)
    See also Working Paper Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares, Department of Economics, Working Paper Series (2017) Downloads View citations (99) (2017)
  2. The Safe Assets Shortage Conundrum
    Journal of Economic Perspectives, 2017, 31, (3), 29-46 Downloads View citations (161)
    See also Working Paper The Safe Assets Shortage Conundrum, Department of Economics, Working Paper Series (2017) Downloads View citations (139) (2017)

2016

  1. Safe Asset Scarcity and Aggregate Demand
    American Economic Review, 2016, 106, (5), 513-18 Downloads View citations (116)
    See also Working Paper Safe Asset Scarcity and Aggregate Demand, CEPR Discussion Papers (2016) Downloads View citations (115) (2016)

2014

  1. Persistent Appreciations and Overshooting: A Normative Analysis
    IMF Economic Review, 2014, 62, (1), 1-47 Downloads View citations (33)
    See also Working Paper Persistent Appreciations and Overshooting: A Normative Analysis, NBER Working Papers (2007) Downloads View citations (25) (2007)

2013

  1. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
    American Economic Journal: Macroeconomics, 2013, 5, (4), 29-67 Downloads View citations (86)
    See also Working Paper Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model, Cowles Foundation Discussion Papers (2010) Downloads View citations (18) (2010)
  2. Effective labor regulation and microeconomic flexibility
    Journal of Development Economics, 2013, 101, (C), 92-104 Downloads View citations (39)
    See also Working Paper Effective Labor Regulation and Microeconomic Flexibility, Cowles Foundation Discussion Papers (2010) Downloads View citations (27) (2010)
  3. Fire Sales in a Model of Complexity
    Journal of Finance, 2013, 68, (6), 2549-2587 Downloads View citations (163)
    See also Working Paper Fire Sales in a Model of Complexity, 2010 Meeting Papers (2010) View citations (22) (2010)

2011

  1. A multiobjective model for forest planning with adjacency constraints
    Annals of Operations Research, 2011, 190, (1), 75-92 Downloads View citations (5)

2010

  1. Future rent-seeking and current public savings
    Journal of International Economics, 2010, 82, (2), 124-136 Downloads View citations (47)
    See also Working Paper Future Rent-Seeking and Current Public Savings, NBER Working Papers (2008) Downloads View citations (14) (2008)
  2. Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
    Journal of Economic Perspectives, 2010, 24, (4), 85-102 Downloads View citations (237)
    See also Working Paper Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome, NBER Working Papers (2010) Downloads View citations (251) (2010)
  3. On the Role of Financial Frictions and the Saving Rate During Trade Liberalizations
    Journal of the European Economic Association, 2010, 8, (2-3), 442-455 Downloads View citations (12)
    See also Working Paper On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations, Scholarly Articles (2010) Downloads View citations (12) (2010)
  4. Sudden Financial Arrest
    IMF Economic Review, 2010, 58, (1), 6-36 Downloads View citations (18)

2009

  1. Crisis and Reform: Managing Systemic Risk
    Rivista di Politica Economica, 2009, 99, (4), 9-64
  2. Global Imbalances and Financial Fragility
    American Economic Review, 2009, 99, (2), 584-88 Downloads View citations (179)
    See also Working Paper Global Imbalances and Financial Fragility, NBER Working Papers (2009) Downloads View citations (183) (2009)
  3. Global imbalances and the financial crisis: products of common causes - commentary
    Proceedings, 2009, (Oct), 173-177 Downloads View citations (1)
  4. The surprising origin and nature of financial crises: a macroeconomic policy proposal
    Proceedings - Economic Policy Symposium - Jackson Hole, 2009, 19-68 Downloads View citations (8)
  5. Trade and Capital Flows: A Financial Frictions Perspective
    Journal of Political Economy, 2009, 117, (4), 701-744 Downloads View citations (198)
    See also Working Paper Trade and Capital Flows: A Financial Frictions Perspective, NBER Working Papers (2007) Downloads View citations (26) (2007)

2008

  1. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    American Economic Review, 2008, 98, (1), 358-93 Downloads View citations (527)
    See also Working Paper An Equilibrium Model of "Global Imbalances" and Low Interest Rates, Scholarly Articles (2008) Downloads View citations (691) (2008)
  2. Collective Risk Management in a Flight to Quality Episode
    Journal of Finance, 2008, 63, (5), 2195-2230 Downloads View citations (393)
    See also Working Paper Collective Risk Management in a Flight to Quality Episode, NBER Working Papers (2007) Downloads View citations (21) (2007)
  3. Financial Crash, Commody Prices, and Global Inbalances
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 1-68 Downloads View citations (73)
  4. Hedging sudden stops and precautionary contractions
    Journal of Development Economics, 2008, 85, (1-2), 28-57 Downloads View citations (65)
    See also Working Paper Hedging Sudden Stops and Precautionary Contractions, NBER Working Papers (2003) Downloads View citations (33) (2003)
  5. Musical chairs: a comment on the credit crisis
    Financial Stability Review, 2008, (11), 9-11 Downloads View citations (8)
  6. Zombie Lending and Depressed Restructuring in Japan
    American Economic Review, 2008, 98, (5), 1943-77 Downloads View citations (820)
    See also Working Paper Zombie Lending and Depressed Restructuring in Japan, NBER Working Papers (2006) Downloads View citations (59) (2006)

2007

  1. Price stickiness in Ss models: New interpretations of old results
    Journal of Monetary Economics, 2007, 54, (Supplement 1), 100-121 Downloads View citations (110)
    See also Working Paper Price Stickiness in Ss Models: New Interpretations of Old Results, Levine's Bibliography (2007) Downloads View citations (122) (2007)

2006

  1. Bubbles and capital flow volatility: Causes and risk management
    Journal of Monetary Economics, 2006, 53, (1), 35-53 Downloads View citations (218)
    See also Working Paper Bubbles and Capital Flow Volatility: Causes and Risk Management, NBER Working Papers (2005) Downloads View citations (4) (2005)
  2. Speculative Growth: Hints from the U.S. Economy
    American Economic Review, 2006, 96, (4), 1159-1192 Downloads View citations (93)
    See also Working Paper Speculative Growth: Hints from the US Economy, NBER Working Papers (2004) Downloads View citations (11) (2004)

2005

  1. Commentary on \\"productivity and the post-1990 U.S. economy\\"
    Review, 2005, 87, (Jul), 551-554 Downloads
  2. Contingent Reserves Management: an Applied Framework
    Journal Economía Chilena (The Chilean Economy), 2005, 8, (2), 45-56 Downloads View citations (4)
    See also Working Paper Contingent Reserves Management: An Applied Framework, Working Papers Central Bank of Chile (2005) Downloads View citations (3) (2005)
    Chapter Contingent Reserves Management: An Applied Framework, Central Banking, Analysis, and Economic Policies Book Series, 2006, 10, 399-420 (2006) Downloads View citations (6) (2006)
  3. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    International Journal of Central Banking, 2005, 1, (1) Downloads View citations (24)
    See also Working Paper Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective, MPRA Paper (2005) Downloads View citations (19) (2005)
  4. The Cost of Recessions Revisited: A Reverse-Liquidationist View
    The Review of Economic Studies, 2005, 72, (2), 313-341 Downloads View citations (99)
    See also Working Paper The Cost of Recessions Revisited: A Reverse-Liquidationist View, DELTA Working Papers (2001) (2001)

2004

  1. A Comment on the Economics of Labor Adjustment: Mind the Gap: Reply
    American Economic Review, 2004, 94, (4), 1238-1244 Downloads View citations (15)
  2. Microeconomic Flexibility in Latin America
    Journal Economía Chilena (The Chilean Economy), 2004, 7, (2), 5-26 Downloads View citations (24)
    See also Working Paper Microeconomic Flexibility in Latin America, Working Papers (2004) Downloads View citations (25) (2004)
    Chapter Microeconomic Flexibility in Latin America, Central Banking, Analysis, and Economic Policies Book Series, 2005, 8, 329-366 (2005) Downloads View citations (6) (2005)
  3. Smoothing sudden stops
    Journal of Economic Theory, 2004, 119, (1), 104-127 Downloads View citations (78)
    See also Working Paper Smoothing Sudden Stops, NBER Working Papers (2001) Downloads View citations (22) (2001)

2003

  1. Excessive Dollar Debt: Financial Development and Underinsurance
    Journal of Finance, 2003, 58, (2), 867-893 Downloads View citations (201)
  2. On the international financial architecture: Insuring emerging markets
    Journal of Financial Transformation, 2003, 7, 8-12 View citations (22)
    See also Working Paper On the International Financial Architecture: Insuring Emerging Markets, NBER Working Papers (2003) Downloads View citations (26) (2003)
  3. The Future of the IMF
    American Economic Review, 2003, 93, (2), 31-38 Downloads View citations (29)

2002

  1. A Dual Liquidity Model for Emerging Markets
    American Economic Review, 2002, 92, (2), 33-37 Downloads View citations (38)
    See also Working Paper A Dual Liquidity Model for Emerging Markets, NBER Working Papers (2002) Downloads View citations (45) (2002)
  2. 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 Downloads View citations (3)
  3. Coping With Chile’s External Vulnerability: A Financial Problem
    Journal Economía Chilena (The Chilean Economy), 2002, 5, (1), 11-36 Downloads View citations (14)
    See also Working Paper Coping with Chile’s External Vulnerability: A Financial Problem, Working Papers Central Bank of Chile (2002) Downloads View citations (20) (2002)
    Chapter Coping with Chile´s External Vulnerability: a Financial Problem, Central Banking, Analysis, and Economic Policies Book Series, 2002, 6, 377-416 (2002) Downloads View citations (14) (2002)

2001

  1. 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 Downloads View citations (8)
  2. International and domestic collateral constraints in a model of emerging market crises
    Journal of Monetary Economics, 2001, 48, (3), 513-548 Downloads View citations (497)
    See also Working Paper International and Domestic Collateral Constraints in a Model of Emerging Market Crises, NBER Working Papers (2000) Downloads View citations (20) (2000)
  3. Macroeconomic volatility in Latin America: a view and three case studies
    Estudios de Economia, 2001, 28, (1 Year 2001), 5-52 Downloads View citations (11)
    See also Working Paper Macroeconomic Volatility in Latin America: A View and Three Case Studies, IDB Publications (Working Papers) (2000) Downloads View citations (4) (2000)

2000

  1. Macroeconomic Volatility in Latin America: A Conceptual Framework and Three Case Studies
    Economía Journal, 2000, Volume 1 Number 1, (Fall 2000), 31-107 Downloads View citations (43)

1999

  1. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
    Econometrica, 1999, 67, (4), 783-826 View citations (268)
    See also Working Paper Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach, Documentos de Trabajo (1996) View citations (48) (1996)
  2. The stochastic bottleneck linear programming problem
    TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 1999, 7, (1), 123-143 Downloads

1998

  1. Jobless growth: appropriability, factor substitution, and unemployment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 51-94 Downloads View citations (162)
    See also Working Paper Jobless Growth: Appropriability, Factor Substitution, and Unemployment, NBER Working Papers (1997) Downloads View citations (44) (1997)
  2. The Macroeconomics of Specificity
    Journal of Political Economy, 1998, 106, (4), 724-767 Downloads View citations (110)
    See also Working Paper The Macroeconomics of Specificity, Working papers (1996) View citations (9) (1996)

1997

  1. Aggregate Employment Dynamics: Building from Microeconomic Evidence
    American Economic Review, 1997, 87, (1), 115-37 Downloads View citations (275)
    See also Working Paper Aggregate Employment Dynamics: Building from Microeconomic Evidence, Documentos de Trabajo (1996) (1996)

1996

  1. On the Timing and Efficiency of Creative Destruction
    The Quarterly Journal of Economics, 1996, 111, (3), 805-852 Downloads View citations (337)
    See also Working Paper On the Timing and Efficiency of Creative Destruction, NBER Working Papers (1994) Downloads View citations (24) (1994)
  2. On the ills of adjustment
    Journal of Development Economics, 1996, 51, (1), 161-192 Downloads View citations (32)
    See also Working Paper On the Ills of Adjustment, Working papers (1995) View citations (5) (1995)
  3. The "Fundamental Transformation" in Macroeconomics
    American Economic Review, 1996, 86, (2), 181-86 Downloads View citations (21)
    See also Working Paper The "Fundamental Transformation" in Macroeconomics, NBER Working Papers (1996) Downloads View citations (18) (1996)
  4. Uncertainty, Investment, and Industry Evolution
    International Economic Review, 1996, 37, (3), 641-62 View citations (139)
    See also Working Paper Uncertainty, Investment, and Industry Evolution, NBER Working Papers (1992) Downloads View citations (77) (1992)

1995

  1. Near-Rationality, Heterogeneity, and Aggregate Consumption
    Journal of Money, Credit and Banking, 1995, 27, (1), 29-48 Downloads View citations (53)
    See also Working Paper Near-Rationality, Heterogeneity and Aggregate Consumption, NBER Working Papers (1992) Downloads View citations (5) (1992)
  2. Plant-Level Adjustment and Aggregate Investment Dynamics
    Brookings Papers on Economic Activity, 1995, 26, (2), 1-54 Downloads View citations (307)

1994

  1. Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
    The Review of Economic Studies, 1994, 61, (3), 435-456 Downloads View citations (83)
    See also Working Paper Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment, NBER Working Papers (1993) Downloads View citations (3) (1993)
  2. Customer- and Supplier-Driven Externalities
    American Economic Review, 1994, 84, (4), 1075-84 Downloads View citations (140)
  3. Irreversibility and Aggregate Investment
    The Review of Economic Studies, 1994, 61, (2), 223-246 Downloads View citations (296)
    See also Working Paper Irreversibility and Aggregate Investment, NBER Working Papers (1991) Downloads View citations (10) (1991)
  4. Notes on the Theory and Evidence on Aggregate Purchases of Durable Goods
    Oxford Review of Economic Policy, 1994, 10, (2), 107-17 View citations (14)
  5. Small Sample Bias and Adjustment Costs
    The Review of Economics and Statistics, 1994, 76, (1), 52-58 Downloads View citations (95)
  6. The Cleansing Effect of Recessions
    American Economic Review, 1994, 84, (5), 1350-68 Downloads View citations (716)
    See also Working Paper The Cleansing Effect of Recessions, NBER Working Papers (1991) Downloads View citations (40) (1991)

1993

  1. Durable Goods: An Explanation for Their Slow Adjustment
    Journal of Political Economy, 1993, 101, (2), 351-84 Downloads View citations (81)
    See also Working Paper Durable Goods: An Explanation for Their Slow Adjustment, NBER Working Papers (1991) Downloads View citations (5) (1991)
  2. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
    The Review of Economic Studies, 1993, 60, (1), 95-119 Downloads View citations (66)
    See also Working Paper Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy, NBER Working Papers (1991) Downloads View citations (7) (1991)
  3. Microeconomic Adjustment Hazards and Aggregate Dynamics
    The Quarterly Journal of Economics, 1993, 108, (2), 359-383 Downloads View citations (176)
    See also Working Paper Microeconomic Adjustment Hazards and Aggregate Dynamics, NBER Working Papers (1992) Downloads View citations (14) (1992)
  4. Microeconomic rigidities and aggregate price dynamics
    European Economic Review, 1993, 37, (4), 697-711 Downloads View citations (81)
    See also Working Paper Microeconomic Rigidities and Aggregate Price Dynamics, NBER Working Papers (1992) Downloads View citations (2) (1992)
  5. Unemployment, consumption and growth: by Charles Bean and Chris Pissarides
    European Economic Review, 1993, 37, (4), 855-859 Downloads View citations (5)

1992

  1. A Fallacy of Composition
    American Economic Review, 1992, 82, (5), 1279-92 Downloads View citations (68)
    See also Working Paper A Fallacy of Composition, NBER Working Papers (1991) Downloads View citations (5) (1991)
  2. Beyond the Partial-Adjustment Model
    American Economic Review, 1992, 82, (2), 360-64 Downloads View citations (16)
  3. External effects in U.S. procyclical productivity
    Journal of Monetary Economics, 1992, 29, (2), 209-225 Downloads View citations (147)
    See also Working Paper External Effects in U.S. Procyclical Productivity, Working Papers (1991) View citations (1) (1991)
  4. Target Zones and Realignments
    American Economic Review, 1992, 82, (3), 520-36 Downloads View citations (174)
    See also Working Paper Target Zones and Realignments, CEPR Discussion Papers (1990) Downloads View citations (21) (1990)

1991

  1. Dynamic (S, s) Economies
    Econometrica, 1991, 59, (6), 1659-86 Downloads View citations (111)
    See also Working Paper Dynamic (S,s) Economies, NBER Working Papers (1991) Downloads View citations (60) (1991)
  2. Earnings Uncertainty and Aggregate Wealth Accumulation
    American Economic Review, 1991, 81, (4), 859-71 Downloads View citations (177)
  3. On the Sign of the Investment-Uncertainty Relationship
    American Economic Review, 1991, 81, (1), 279-88 Downloads View citations (291)

1990

  1. Consumption puzzles and precautionary savings
    Journal of Monetary Economics, 1990, 25, (1), 113-136 Downloads View citations (356)
  2. Expenditure on Durable Goods: A Case for Slow Adjustment
    The Quarterly Journal of Economics, 1990, 105, (3), 727-743 Downloads View citations (37)
  3. Internal versus external economies in European industry
    European Economic Review, 1990, 34, (4), 805-826 Downloads View citations (113)

1986

  1. Análisis de la Balanza Comercial: Un Enfoque de Equilibrio General
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1986, 23, (70), 285-314 Downloads View citations (1)

Books

2007

  1. Specificity and the Macroeconomics of Restructuring, vol 1
    MIT Press Books, The MIT Press View citations (67)

Chapters

2019

  1. The global impact of risk-off shocks
    A chapter in Asia-Pacific fixed income markets: evolving structure, participation and pricing, 2019, vol. 102, pp 17-23 Downloads View citations (9)

2017

  1. Wrap-up Panel Discussion
    A chapter in Monetary Policy and Financial Stability in a World of Low Interest Rates, 2017 Downloads

2015

  1. A Caricature (Model) of the World Economy
    Chapter 05 in Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, 2015, vol. 21, pp 061-077 Downloads
    See also Working Paper A Caricature (Model) of the World Economy, David K. Levine (2011) Downloads (2011)
  2. Economic policies in emerging-market economies: an overview
    Chapter 01 in Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, 2015, vol. 21, pp 001-006 Downloads View citations (1)

2012

  1. Notes on Capital-Account Management
    Chapter 13 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 111-123 View citations (1)

2008

  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, 2008, pp 279-286 Downloads View citations (2)

2006

  1. Contingent Reserves Management: An Applied Framework
    Chapter 12 in External Vulnerability and Preventive Policies, 2006, vol. 10, pp 399-420 Downloads View citations (6)
    See also Working Paper Contingent Reserves Management: An Applied Framework, Central Bank of Chile (2005) Downloads View citations (3) (2005)
    Journal Article Contingent Reserves Management: an Applied Framework, Central Bank of Chile (2005) Downloads View citations (4) (2005)
  2. External Vulnerability and Preventive Policies: An Overview
    Chapter 1 in External Vulnerability and Preventive Policies, 2006, vol. 10, pp 001-014 Downloads View citations (3)

2005

  1. Microeconomic Flexibility in Latin America
    Chapter 10 in Labor Markets and Institutions, 2005, vol. 8, pp 329-366 Downloads View citations (6)
    See also Working Paper Microeconomic Flexibility in Latin America, Economic Growth Center, Yale University (2004) Downloads View citations (25) (2004)
    Journal Article Microeconomic Flexibility in Latin America, Central Bank of Chile (2004) Downloads View citations (24) (2004)

2004

  1. Inflation Targeting and Sudden Stops
    A chapter in The Inflation-Targeting Debate, 2004, pp 423-442 Downloads View citations (11)
    See also Working Paper Inflation Targeting and Sudden Stops, National Bureau of Economic Research, Inc (2003) Downloads View citations (41) (2003)

2002

  1. Coping with Chile´s External Vulnerability: a Financial Problem
    Chapter 12 in Economic Growth: Sources, Trends, and Cycles, 2002, vol. 6, pp 377-416 Downloads View citations (14)
    See also Working Paper Coping with Chile’s External Vulnerability: A Financial Problem, Central Bank of Chile (2002) Downloads View citations (20) (2002)
    Journal Article Coping With Chile’s External Vulnerability: A Financial Problem, Central Bank of Chile (2002) Downloads View citations (14) (2002)

2001

  1. Institutions, Restructuring and Macroeconomic Performance
    Palgrave Macmillan View citations (10)
    See also Working Paper Institutions, Restructuring and Macroeconomic Performance, DELTA (Ecole normale supérieure) (2001) (2001)

1999

  1. Aggregate investment
    Chapter 12 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 813-862 Downloads View citations (141)
    See also Working Paper Aggregaete Investment, Massachusetts Institute of Technology (MIT), Department of Economics (1997) View citations (5) (1997)

1993

  1. 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 Downloads View citations (371)
    See also Working Paper How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth, National Bureau of Economic Research, Inc (1993) Downloads View citations (351) (1993)

1990

  1. Kinked Adjustment Costs and Aggregate Dynamics
    A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 237-296 Downloads View citations (149)
 
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