Details about Ricardo J Caballero

E-mail:
Homepage:	https://economics.mit.edu/people/faculty/ricardo-caballero
Workplace:	National Bureau of Economic Research (NBER), (more information at EDIRC) Economics Department, Massachusetts Institute of Technology (MIT), (more information at EDIRC)

Access statistics for papers by Ricardo J Caballero.

Last updated 2024-07-04. 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
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
2. Financial Conditions Targeting
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

3. A Monetary Policy Asset Pricing Model
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (4)

2022

4. A Note on Temporary Supply Shocks with Aggregate Demand Inertia
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in CESifo Working Paper Series, CESifo (2022) View citations (7)
   NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (10)
   See also Journal Article A Note on Temporary Supply Shocks with Aggregate Demand Inertia, American Economic Review: Insights, American Economic Association (2023) View citations (3) (2023)
5. Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect
   CESifo Working Paper Series, CESifo
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (5)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) View citations (5)
   See also Journal Article Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect, Journal of Finance, American Finance Association (2024) (2024)
6. Monetary Policy with Opinionated Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
   See also Journal Article Monetary Policy with Opinionated Markets, American Economic Review, American Economic Association (2022) View citations (10) (2022)

2020

7. 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 View citations (9)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (12)
   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) View citations (23) (2021)
8. Global Imbalances and Policy Wars at the Zero Lower Bound
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) 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) View citations (9) (2021)

2019

9. A Model of Fickle Capital Flows and Retrenchment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (23)
   See also Journal Article A Model of Fickle Capital Flows and Retrenchment, Journal of Political Economy, University of Chicago Press (2020) View citations (35) (2020)
10. A Risk-centric Model of Demand Recessions and Speculation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) 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) View citations (29) (2020)
11. On the Global Impact of Risk-off Shocks and Policy-put Frameworks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in BIS Working Papers, Bank for International Settlements (2019) View citations (9)
12. Prudential Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (11)

2018

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

2017

15. Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models
    Working Papers, University of Chile, Department of Economics View citations (3)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2008) View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (26)
    Working Papers, University of Chile, Department of Economics (2015) View citations (4)
16. 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 View citations (108)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (111)
    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) View citations (112) (2017)
17. 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 View citations (108)
18. The Safe Assets Shortage Conundrum
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (154)
    See also Journal Article The Safe Assets Shortage Conundrum, Journal of Economic Perspectives, American Economic Association (2017) View citations (176) (2017)

2016

19. Global Imbalances and Currency Wars at the ZLB
    Working Paper, Harvard University OpenScholar View citations (24)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (77)
20. Safe Asset Scarcity and Aggregate Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (124)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (123)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2016) View citations (108)
    Working Paper, Harvard University OpenScholar View citations (83)
    See also Journal Article Safe Asset Scarcity and Aggregate Demand, American Economic Review, American Economic Association (2016) View citations (124) (2016)

2015

21. The Safety Trap
    Working Paper, Harvard University OpenScholar View citations (31)
    Also in Working Paper, Harvard University OpenScholar View citations (232)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (65)
    See also Journal Article The Safety Trap, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (61) (2018)

2013

22. A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
    Also in Working Paper, Harvard University OpenScholar (2013) View citations (61)

2012

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

2011

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

2010

25. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) 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) View citations (88) (2013)
26. Effective Labor Regulation and Microeconomic Flexibility
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (27)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) View citations (21)
    Working Papers, Federal Reserve Bank of Boston (2004) View citations (63)
    Center Discussion Papers, Yale University, Economic Growth Center (2004) View citations (210)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (91)
    Working Papers, Economic Growth Center, Yale University (2004) View citations (73)
    See also Journal Article Effective labor regulation and microeconomic flexibility, Journal of Development Economics, Elsevier (2013) View citations (41) (2013)
27. Fire Sales in a Model of Complexity
    2010 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (32)
    See also Journal Article Fire Sales in a Model of Complexity, Journal of Finance, American Finance Association (2013) View citations (170) (2013)
28. Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (257)
    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) View citations (243) (2010)
29. On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations
    Scholarly Articles, Harvard University Department of Economics 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) View citations (12) (2010)
30. The "Other" Imbalance and the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

2009

31. Complexity and Financial Panics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
32. Global Imbalances and Financial Fragility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (182)
    See also Journal Article Global Imbalances and Financial Fragility, American Economic Review, American Economic Association (2009) View citations (178) (2009)

2008

33. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    Scholarly Articles, Harvard University Department of Economics View citations (692)
    Also in BIS Working Papers, Bank for International Settlements (2006) View citations (40)
    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 (111)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (79)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (191)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2006) View citations (83)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (95)
    See also Journal Article An Equilibrium Model of "Global Imbalances" and Low Interest Rates, American Economic Review, American Economic Association (2008) View citations (536) (2008)
34. Financial Crash, Commodity Prices and Global Imbalances
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (178)
    Also in Working Paper, Harvard University OpenScholar View citations (6)
    Scholarly Articles, Harvard University Department of Economics (2008) View citations (186)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (194)
35. Future Rent-Seeking and Current Public Savings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Future rent-seeking and current public savings, Journal of International Economics, Elsevier (2010) View citations (47) (2010)
36. Inflating the Beast: Political Incentives Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2007

37. Collective Risk Management in a Flight to Quality Episode
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article Collective Risk Management in a Flight to Quality Episode, Journal of Finance, American Finance Association (2008) View citations (404) (2008)
38. Persistent Appreciations and Overshooting: A Normative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (23)
    See also Journal Article Persistent Appreciations and Overshooting: A Normative Analysis, IMF Economic Review, Palgrave Macmillan (2014) View citations (33) (2014)
39. Price Stickiness in Ss Models: New Interpretations of Old Results
    Levine's Bibliography, UCLA Department of Economics View citations (127)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2007) View citations (130)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (131)
    Working Papers, Economic Growth Center, Yale University (2007) View citations (123)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2007) View citations (106)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (121)
    See also Journal Article Price stickiness in Ss models: New interpretations of old results, Journal of Monetary Economics, Elsevier (2007) View citations (128) (2007)
40. Trade and Capital Flows: A Financial Frictions Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Scholarly Articles, Harvard University Department of Economics (2007) View citations (22)
    See also Journal Article Trade and Capital Flows: A Financial Frictions Perspective, Journal of Political Economy, University of Chicago Press (2009) View citations (203) (2009)

2006

41. Financial Integration Without the Volatility
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (21)
42. Flight to Quality and Collective Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
43. Lumpy Investment in Dynamic General Equilibrium
    2006 Meeting Papers, Society for Economic Dynamics View citations (19)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2006) View citations (15)
44. On the Macroeconomics of Asset Shortages
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (147)
45. Zombie Lending and Depressed Restructuring in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    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) View citations (1)
    See also Journal Article Zombie Lending and Depressed Restructuring in Japan, American Economic Review, American Economic Association (2008) View citations (890) (2008)

2005

46. A Quantitative Model of Sudden Stops and External Liquidity Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
47. Bubbles and Capital Flow Volatility: Causes and Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Bubbles and capital flow volatility: Causes and risk management, Journal of Monetary Economics, Elsevier (2006) View citations (225) (2006)
48. Contingent Reserves Management: An Applied Framework
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (33)
    Working Papers, Federal Reserve Bank of Boston (2004) View citations (27)
    See also Chapter Contingent Reserves Management: An Applied Framework, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2006) View citations (6) (2006)
    Journal Article Contingent Reserves Management: an Applied Framework, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2005) View citations (4) (2005)
49. El temor a las paradas repentinas: enseñanzas de Australia y Chile
    Research Department Publications, Inter-American Development Bank, Research Department
50. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    MPRA Paper, University Library of Munich, Germany View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) 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) View citations (24) (2005)
51. Fear of Sudden Stops: Lessons from Australia and Chile
    Research Department Publications, Inter-American Development Bank, Research Department View citations (28)
    Also in Econometric Society 2004 Latin American Meetings, Econometric Society (2004) View citations (55)
    RBA Research Discussion Papers, Reserve Bank of Australia (2004) View citations (44)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (47)
52. Financial System Risk and Flight to Quality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2004

53. Fiscal Policy and Financial Depth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (95)
54. Microeconomic Flexibility in Latin America
    Working Papers, Economic Growth Center, Yale University View citations (25)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2004) View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (25)
    See also Chapter Microeconomic Flexibility in Latin America, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2005) View citations (6) (2005)
    Journal Article Microeconomic Flexibility in Latin America, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2004) View citations (24) (2004)
55. Speculative Growth: Hints from the US Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Speculative Growth: Hints from the U.S. Economy, American Economic Review, American Economic Association (2006) View citations (95) (2006)
56. Three Strikes and You're Out: Reply to Cooper and Willis
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (4)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2004) View citations (3)
    Working Papers, Economic Growth Center, Yale University (2004) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (5)

2003

57. Adjustment Is Much Slower Than You Think
    Working Papers, Economic Growth Center, Yale University View citations (33)
    Also in Center Discussion Papers, Yale University, Economic Growth Center (2003) View citations (39)
58. Hedging Sudden Stops and Precautionary Contractions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article Hedging sudden stops and precautionary contractions, Journal of Development Economics, Elsevier (2008) View citations (69) (2008)
59. Inflation Targeting and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    See also Chapter Inflation Targeting and Sudden Stops, NBER Chapters, National Bureau of Economic Research, Inc (2004) View citations (12) (2004)
60. On the International Financial Architecture: Insuring Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    See also Journal Article On the international financial architecture: Insuring emerging markets, Journal of Financial Transformation, Capco Institute (2003) View citations (23) (2003)

2002

61. A Dual Liquidity Model for Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    See also Journal Article A Dual Liquidity Model for Emerging Markets, American Economic Review, American Economic Association (2002) View citations (38) (2002)
62. Coping with Chile’s External Vulnerability: A Financial Problem
    Working Papers Central Bank of Chile, Central Bank of Chile 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) 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) View citations (14) (2002)
63. 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
64. Speculative Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

2001

65. 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 (22)
66. 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) View citations (76)
67. Institutions, Restructuring and Macroeconomic Performance
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (42)
    See also Chapter Institutions, Restructuring and Macroeconomic Performance, International Economic Association Series, Palgrave Macmillan (2001) View citations (10) (2001)
68. International Liquidity Illusion: On the Risks of Sterilization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
69. Smoothing Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article Smoothing sudden stops, Journal of Economic Theory, Elsevier (2004) View citations (78) (2004)
70. 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 (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) 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) View citations (106) (2005)

2000

71. Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
72. Inestabilidad estructural en Argentina: un informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department
73. Inestabilidad estructural en Chile: informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department
74. Inestabilidad estructural en México: informe de políticas
    Research Department Publications, Inter-American Development Bank, Research Department
75. International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (18)
76. International and Domestic Collateral Constraints in a Model of Emerging Market Crises
    NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (533) (2001)
77. Macroeconomic Volatility in Latin America: A View and Three Case Studies
    IDB Publications (Working Papers), Inter-American Development Bank View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) 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) View citations (11) (2001)
78. Macroeconomic volatility in Latin America: a conceptual framework and three case studies
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
    See also Journal Article Macroeconomic Volatility in Latin America: A Conceptual Framework and Three Case Studies, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2000) View citations (45) (2000)
79. Structural Volatility in Argentina: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department View citations (7)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) View citations (1)
80. Structural Volatility in Chile: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department View citations (7)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) View citations (2)
81. Structural Volatility in Mexico: A Policy Report
    Research Department Publications, Inter-American Development Bank, Research Department View citations (4)

1999

82. Emerging Market Crises: An Asset Markets Perspective
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (31)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations (68)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (59)
    IMF Working Papers, International Monetary Fund (1999) View citations (18)

1998

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

1997

85. 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) View citations (155)
    See also Chapter Aggregate investment, Handbook of Macroeconomics, Elsevier (1999) View citations (141) (1999)
86. Jobless Growth: Appropriability, Factor Substitution, and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1997) View citations (41)
    See also Journal Article Jobless growth: appropriability, factor substitution, and unemployment, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998) View citations (162) (1998)

1996

87. 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 (13)
    See also Journal Article Aggregate Employment Dynamics: Building from Microeconomic Evidence, American Economic Review, American Economic Association (1997) View citations (275) (1997)
88. 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) View citations (53)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1994) View citations (9)
    See also Journal Article Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach, Econometrica, Econometric Society (1999) View citations (270) (1999)
89. Fixed Costs: The Demise of Marginal q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (73)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1996) View citations (72)
90. The "Fundamental Transformation" in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article The "Fundamental Transformation" in Macroeconomics, American Economic Review, American Economic Association (1996) View citations (21) (1996)
91. The Macroeconomics of Specificity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (10)
    See also Journal Article The Macroeconomics of Specificity, Journal of Political Economy, University of Chicago Press (1998) View citations (113) (1998)

1995

92. 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) View citations (2)
    See also Journal Article On the ills of adjustment, Journal of Development Economics, Elsevier (1996) View citations (32) (1996)

1994

93. On the Timing and Efficiency of Creative Destruction
    NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (350) (1996)
94. On the Timing and Efficiency of Creative Distribution
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1993

95. Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (84) (1994)
96. 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 (357)
    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) View citations (377) (1993)

1992

97. Microeconomic Adjustment Hazards and Aggregate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (180) (1993)
98. Microeconomic Rigidities and Aggregate Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Microeconomic rigidities and aggregate price dynamics, European Economic Review, Elsevier (1993) View citations (81) (1993)
99. Near-Rationality, Heterogeneity and Aggregate Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Near-Rationality, Heterogeneity, and Aggregate Consumption, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (53) (1995)
100. Price Rigidities, Asymmetries, and Output Fluctuations
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
101. Uncertainty, Investment, and Industry Evolution
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
     Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (1992) 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 (141) (1996)

1991

102. A Fallacy of Composition
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article A Fallacy of Composition, American Economic Review, American Economic Association (1992) View citations (69) (1992)
103. Durable Goods: An Explanation for Their Slow Adjustment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Durable Goods: An Explanation for Their Slow Adjustment, Journal of Political Economy, University of Chicago Press (1993) View citations (81) (1993)
104. Dynamic (S,s) Economies
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
     See also Journal Article Dynamic (S, s) Economies, Econometrica, Econometric Society (1991) View citations (113) (1991)
105. 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) View citations (147) (1992)
106. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
     NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (68) (1993)
107. Irreversibility and Aggregate Investment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     See also Journal Article Irreversibility and Aggregate Investment, The Review of Economic Studies, Review of Economic Studies Ltd (1994) View citations (305) (1994)
108. Short and Long Run Externalities
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     Also in Working Papers, Columbia - Graduate School of Business (1991) View citations (15)
109. Some Evidence of Productivity Linkages in Manufacturing
     Working Papers, Columbia - Graduate School of Business View citations (3)
110. Sourcing externalities
     Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
111. Sustainable Intervention Policies and Exchange Rate Dynamics
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
112. The Cleansing Effect of Recessions
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
     See also Journal Article The Cleansing Effect of Recessions, American Economic Review, American Economic Association (1994) View citations (747) (1994)

1990

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

1989

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

Undated

116. 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 View citations (1)

Journal Articles

2024

1. Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect
   Journal of Finance, 2024, 79, (3), 1719-1753
   See also Working Paper Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect, CESifo Working Paper Series (2022) (2022)

2023

2. A Note on Temporary Supply Shocks with Aggregate Demand Inertia
   American Economic Review: Insights, 2023, 5, (2), 241-58 View citations (3)
   See also Working Paper A Note on Temporary Supply Shocks with Aggregate Demand Inertia, CEPR Discussion Papers (2022) (2022)

2022

3. Cancer Chemotherapy-Induced Sinus Bradycardia: A Narrative Review of a Forgotten Adverse Effect of Cardiotoxicity
   Drug Safety, 2022, 45, (2), 101-126
4. Monetary Policy with Opinionated Markets
   American Economic Review, 2022, 112, (7), 2353-92 View citations (10)
   See also Working Paper Monetary Policy with Opinionated Markets, CEPR Discussion Papers (2022) View citations (1) (2022)

2021

5. 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 View citations (23)
   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) View citations (9) (2020)
6. Global Imbalances and Policy Wars at the Zero Lower Bound
   (Safe Assets)
   The Review of Economic Studies, 2021, 88, (6), 2570-2621 View citations (9)
   See also Working Paper Global Imbalances and Policy Wars at the Zero Lower Bound, CEPR Discussion Papers (2020) View citations (15) (2020)

2020

7. A Model of Fickle Capital Flows and Retrenchment
   Journal of Political Economy, 2020, 128, (6), 2288 - 2328 View citations (35)
   See also Working Paper A Model of Fickle Capital Flows and Retrenchment, CEPR Discussion Papers (2019) View citations (6) (2019)
8. A Risk-Centric Model of Demand Recessions and Speculation*
   The Quarterly Journal of Economics, 2020, 135, (3), 1493-1566 View citations (29)
   See also Working Paper A Risk-centric Model of Demand Recessions and Speculation, CEPR Discussion Papers (2019) View citations (5) (2019)

2018

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

2017

11. 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 View citations (112)
    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) View citations (108) (2017)
12. The Safe Assets Shortage Conundrum
    Journal of Economic Perspectives, 2017, 31, (3), 29-46 View citations (176)
    See also Working Paper The Safe Assets Shortage Conundrum, Department of Economics, Working Paper Series (2017) View citations (154) (2017)

2016

13. Safe Asset Scarcity and Aggregate Demand
    American Economic Review, 2016, 106, (5), 513-18 View citations (124)
    See also Working Paper Safe Asset Scarcity and Aggregate Demand, NBER Working Papers (2016) View citations (124) (2016)

2014

14. Persistent Appreciations and Overshooting: A Normative Analysis
    IMF Economic Review, 2014, 62, (1), 1-47 View citations (33)
    See also Working Paper Persistent Appreciations and Overshooting: A Normative Analysis, NBER Working Papers (2007) View citations (26) (2007)

2013

15. Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
    American Economic Journal: Macroeconomics, 2013, 5, (4), 29-67 View citations (88)
    See also Working Paper Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model, Cowles Foundation Discussion Papers (2010) View citations (19) (2010)
16. Effective labor regulation and microeconomic flexibility
    Journal of Development Economics, 2013, 101, (C), 92-104 View citations (41)
    See also Working Paper Effective Labor Regulation and Microeconomic Flexibility, Cowles Foundation Discussion Papers (2010) View citations (27) (2010)
17. Fire Sales in a Model of Complexity
    Journal of Finance, 2013, 68, (6), 2549-2587 View citations (170)
    See also Working Paper Fire Sales in a Model of Complexity, 2010 Meeting Papers (2010) View citations (23) (2010)

2011

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

2010

19. Future rent-seeking and current public savings
    Journal of International Economics, 2010, 82, (2), 124-136 View citations (47)
    See also Working Paper Future Rent-Seeking and Current Public Savings, NBER Working Papers (2008) View citations (14) (2008)
20. Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
    Journal of Economic Perspectives, 2010, 24, (4), 85-102 View citations (243)
    See also Working Paper Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome, NBER Working Papers (2010) View citations (257) (2010)
21. 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 View citations (12)
    See also Working Paper On the Role of Financial Frictions and the Saving Rate during Trade Liberalizations, Scholarly Articles (2010) View citations (12) (2010)
22. Sudden Financial Arrest
    IMF Economic Review, 2010, 58, (1), 6-36 View citations (21)

2009

23. Crisis and Reform: Managing Systemic Risk
    Rivista di Politica Economica, 2009, 99, (4), 9-64
24. Global Imbalances and Financial Fragility
    American Economic Review, 2009, 99, (2), 584-88 View citations (178)
    See also Working Paper Global Imbalances and Financial Fragility, NBER Working Papers (2009) View citations (182) (2009)
25. Global imbalances and the financial crisis: products of common causes - commentary
    Proceedings, 2009, (Oct), 173-177 View citations (5)
26. The surprising origin and nature of financial crises: a macroeconomic policy proposal
    Proceedings - Economic Policy Symposium - Jackson Hole, 2009, 19-68 View citations (8)
27. Trade and Capital Flows: A Financial Frictions Perspective
    Journal of Political Economy, 2009, 117, (4), 701-744 View citations (203)
    See also Working Paper Trade and Capital Flows: A Financial Frictions Perspective, NBER Working Papers (2007) View citations (26) (2007)

2008

28. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    American Economic Review, 2008, 98, (1), 358-93 View citations (536)
    See also Working Paper An Equilibrium Model of "Global Imbalances" and Low Interest Rates, Scholarly Articles (2008) View citations (692) (2008)
29. Collective Risk Management in a Flight to Quality Episode
    Journal of Finance, 2008, 63, (5), 2195-2230 View citations (404)
    See also Working Paper Collective Risk Management in a Flight to Quality Episode, NBER Working Papers (2007) View citations (21) (2007)
30. Financial Crash, Commody Prices, and Global Inbalances
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 1-68 View citations (75)
31. Hedging sudden stops and precautionary contractions
    Journal of Development Economics, 2008, 85, (1-2), 28-57 View citations (69)
    See also Working Paper Hedging Sudden Stops and Precautionary Contractions, NBER Working Papers (2003) View citations (33) (2003)
32. Musical chairs: a comment on the credit crisis
    Financial Stability Review, 2008, (11), 9-11 View citations (8)
33. Zombie Lending and Depressed Restructuring in Japan
    American Economic Review, 2008, 98, (5), 1943-77 View citations (890)
    See also Working Paper Zombie Lending and Depressed Restructuring in Japan, NBER Working Papers (2006) View citations (60) (2006)

2007

34. Price stickiness in Ss models: New interpretations of old results
    Journal of Monetary Economics, 2007, 54, (Supplement 1), 100-121 View citations (128)
    See also Working Paper Price Stickiness in Ss Models: New Interpretations of Old Results, Levine's Bibliography (2007) View citations (127) (2007)

2006

35. Bubbles and capital flow volatility: Causes and risk management
    Journal of Monetary Economics, 2006, 53, (1), 35-53 View citations (225)
    See also Working Paper Bubbles and Capital Flow Volatility: Causes and Risk Management, NBER Working Papers (2005) View citations (4) (2005)
36. Speculative Growth: Hints from the U.S. Economy
    American Economic Review, 2006, 96, (4), 1159-1192 View citations (95)
    See also Working Paper Speculative Growth: Hints from the US Economy, NBER Working Papers (2004) View citations (11) (2004)

2005

37. Commentary on \\"productivity and the post-1990 U.S. economy\\"
    Review, 2005, 87, (Jul), 551-554
38. Contingent Reserves Management: an Applied Framework
    Journal Economía Chilena (The Chilean Economy), 2005, 8, (2), 45-56 View citations (4)
    See also Working Paper Contingent Reserves Management: An Applied Framework, Working Papers Central Bank of Chile (2005) View citations (3) (2005)
    Chapter Contingent Reserves Management: An Applied Framework, Central Banking, Analysis, and Economic Policies Book Series, 2006, 10, 399-420 (2006) View citations (6) (2006)
39. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    International Journal of Central Banking, 2005, 1, (1) View citations (24)
    See also Working Paper Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective, MPRA Paper (2005) View citations (19) (2005)
40. The Cost of Recessions Revisited: A Reverse-Liquidationist View
    The Review of Economic Studies, 2005, 72, (2), 313-341 View citations (106)
    See also Working Paper The Cost of Recessions Revisited: A Reverse-Liquidationist View, DELTA Working Papers (2001) (2001)

2004

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

2003

44. Excessive Dollar Debt: Financial Development and Underinsurance
    Journal of Finance, 2003, 58, (2), 867-893 View citations (210)
45. On the international financial architecture: Insuring emerging markets
    Journal of Financial Transformation, 2003, 7, 8-12 View citations (23)
    See also Working Paper On the International Financial Architecture: Insuring Emerging Markets, NBER Working Papers (2003) View citations (27) (2003)
46. The Future of the IMF
    American Economic Review, 2003, 93, (2), 31-38 View citations (29)

2002

47. A Dual Liquidity Model for Emerging Markets
    American Economic Review, 2002, 92, (2), 33-37 View citations (38)
    See also Working Paper A Dual Liquidity Model for Emerging Markets, NBER Working Papers (2002) View citations (45) (2002)
48. 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 (3)
49. Coping With Chile’s External Vulnerability: A Financial Problem
    Journal Economía Chilena (The Chilean Economy), 2002, 5, (1), 11-36 View citations (14)
    See also Working Paper Coping with Chile’s External Vulnerability: A Financial Problem, Working Papers Central Bank of Chile (2002) 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) View citations (14) (2002)

2001

50. 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 (10)
51. International and domestic collateral constraints in a model of emerging market crises
    Journal of Monetary Economics, 2001, 48, (3), 513-548 View citations (533)
    See also Working Paper International and Domestic Collateral Constraints in a Model of Emerging Market Crises, NBER Working Papers (2000) View citations (20) (2000)
52. Macroeconomic volatility in Latin America: a view and three case studies
    Estudios de Economia, 2001, 28, (1 Year 2001), 5-52 View citations (11)
    See also Working Paper Macroeconomic Volatility in Latin America: A View and Three Case Studies, IDB Publications (Working Papers) (2000) View citations (5) (2000)

2000

53. Macroeconomic Volatility in Latin America: A Conceptual Framework and Three Case Studies
    Economía Journal, 2000, Volume 1 Number 1, (Fall 2000), 31-107 View citations (45)
    See also Working Paper Macroeconomic volatility in Latin America: a conceptual framework and three case studies, LSE Research Online Documents on Economics (2000) View citations (1) (2000)

1999

54. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
    Econometrica, 1999, 67, (4), 783-826 View citations (270)
    See also Working Paper Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach, Documentos de Trabajo (1996) View citations (48) (1996)
55. 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

56. Jobless growth: appropriability, factor substitution, and unemployment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 51-94 View citations (162)
    See also Working Paper Jobless Growth: Appropriability, Factor Substitution, and Unemployment, NBER Working Papers (1997) View citations (45) (1997)
57. The Macroeconomics of Specificity
    Journal of Political Economy, 1998, 106, (4), 724-767 View citations (113)
    See also Working Paper The Macroeconomics of Specificity, NBER Working Papers (1996) View citations (12) (1996)

1997

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

1996

59. On the Timing and Efficiency of Creative Destruction
    The Quarterly Journal of Economics, 1996, 111, (3), 805-852 View citations (350)
    See also Working Paper On the Timing and Efficiency of Creative Destruction, NBER Working Papers (1994) View citations (24) (1994)
60. On the ills of adjustment
    Journal of Development Economics, 1996, 51, (1), 161-192 View citations (32)
    See also Working Paper On the Ills of Adjustment, Working papers (1995) View citations (5) (1995)
61. The "Fundamental Transformation" in Macroeconomics
    American Economic Review, 1996, 86, (2), 181-86 View citations (21)
    See also Working Paper The "Fundamental Transformation" in Macroeconomics, NBER Working Papers (1996) View citations (18) (1996)
62. Uncertainty, Investment, and Industry Evolution
    International Economic Review, 1996, 37, (3), 641-62 View citations (141)
    See also Working Paper Uncertainty, Investment, and Industry Evolution, NBER Working Papers (1992) View citations (78) (1992)

1995

63. Near-Rationality, Heterogeneity, and Aggregate Consumption
    Journal of Money, Credit and Banking, 1995, 27, (1), 29-48 View citations (53)
    See also Working Paper Near-Rationality, Heterogeneity and Aggregate Consumption, NBER Working Papers (1992) View citations (5) (1992)
64. Plant-Level Adjustment and Aggregate Investment Dynamics
    Brookings Papers on Economic Activity, 1995, 26, (2), 1-54 View citations (308)

1994

65. Cross-Sectional Efficiency and Labour Hoarding in a Matching Model of Unemployment
    The Review of Economic Studies, 1994, 61, (3), 435-456 View citations (84)
    See also Working Paper Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment, NBER Working Papers (1993) View citations (3) (1993)
66. Customer- and Supplier-Driven Externalities
    American Economic Review, 1994, 84, (4), 1075-84 View citations (141)
67. Irreversibility and Aggregate Investment
    The Review of Economic Studies, 1994, 61, (2), 223-246 View citations (305)
    See also Working Paper Irreversibility and Aggregate Investment, NBER Working Papers (1991) View citations (10) (1991)
68. 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)
69. Small Sample Bias and Adjustment Costs
    The Review of Economics and Statistics, 1994, 76, (1), 52-58 View citations (96)
70. The Cleansing Effect of Recessions
    American Economic Review, 1994, 84, (5), 1350-68 View citations (747)
    See also Working Paper The Cleansing Effect of Recessions, NBER Working Papers (1991) View citations (43) (1991)

1993

71. Durable Goods: An Explanation for Their Slow Adjustment
    Journal of Political Economy, 1993, 101, (2), 351-84 View citations (81)
    See also Working Paper Durable Goods: An Explanation for Their Slow Adjustment, NBER Working Papers (1991) View citations (5) (1991)
72. Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
    The Review of Economic Studies, 1993, 60, (1), 95-119 View citations (68)
    See also Working Paper Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy, NBER Working Papers (1991) View citations (7) (1991)
73. Microeconomic Adjustment Hazards and Aggregate Dynamics
    The Quarterly Journal of Economics, 1993, 108, (2), 359-383 View citations (180)
    See also Working Paper Microeconomic Adjustment Hazards and Aggregate Dynamics, NBER Working Papers (1992) View citations (14) (1992)
74. Microeconomic rigidities and aggregate price dynamics
    European Economic Review, 1993, 37, (4), 697-711 View citations (81)
    See also Working Paper Microeconomic Rigidities and Aggregate Price Dynamics, NBER Working Papers (1992) View citations (2) (1992)
75. Unemployment, consumption and growth: by Charles Bean and Chris Pissarides
    European Economic Review, 1993, 37, (4), 855-859 View citations (5)

1992

76. A Fallacy of Composition
    American Economic Review, 1992, 82, (5), 1279-92 View citations (69)
    See also Working Paper A Fallacy of Composition, NBER Working Papers (1991) View citations (5) (1991)
77. Beyond the Partial-Adjustment Model
    American Economic Review, 1992, 82, (2), 360-64 View citations (16)
78. External effects in U.S. procyclical productivity
    Journal of Monetary Economics, 1992, 29, (2), 209-225 View citations (147)
    See also Working Paper External Effects in U.S. Procyclical Productivity, Working Papers (1991) View citations (1) (1991)
79. Target Zones and Realignments
    American Economic Review, 1992, 82, (3), 520-36 View citations (174)
    See also Working Paper Target Zones and Realignments, CEPR Discussion Papers (1990) View citations (21) (1990)

1991

80. Dynamic (S, s) Economies
    Econometrica, 1991, 59, (6), 1659-86 View citations (113)
    See also Working Paper Dynamic (S,s) Economies, NBER Working Papers (1991) View citations (62) (1991)
81. Earnings Uncertainty and Aggregate Wealth Accumulation
    American Economic Review, 1991, 81, (4), 859-71 View citations (182)
82. On the Sign of the Investment-Uncertainty Relationship
    American Economic Review, 1991, 81, (1), 279-88 View citations (303)

1990

83. Consumption puzzles and precautionary savings
    Journal of Monetary Economics, 1990, 25, (1), 113-136 View citations (367)
84. Expenditure on Durable Goods: A Case for Slow Adjustment
    The Quarterly Journal of Economics, 1990, 105, (3), 727-743 View citations (38)
85. Internal versus external economies in European industry
    European Economic Review, 1990, 34, (4), 805-826 View citations (113)

1986

86. Análisis de la Balanza Comercial: Un Enfoque de Equilibrio General
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1986, 23, (70), 285-314 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 View citations (9)

2017

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

2015

3. 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
   See also Working Paper A Caricature (Model) of the World Economy, David K. Levine (2011) (2011)
4. 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 View citations (1)

2012

5. 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

6. 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 View citations (2)

2006

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

2005

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

2004

10. Inflation Targeting and Sudden Stops
    A chapter in The Inflation-Targeting Debate, 2004, pp 423-442 View citations (12)
    See also Working Paper Inflation Targeting and Sudden Stops, National Bureau of Economic Research, Inc (2003) View citations (41) (2003)

2002

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

2001

12. 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

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

1993

14. 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 (377)
    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) View citations (357) (1993)

1990

15. Kinked Adjustment Costs and Aggregate Dynamics
    A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 237-296 View citations (151)