Ricardo J. Caballero

This article is about the macroeconomist. For the singer and television star, see Ricardo Caballero Tostado.
Ricardo J. Caballero
Born (1959-10-20) 20 October 1959 (age 65)
Santiago, Chile
Academic career
FieldMacroeconomics
InstitutionMassachusetts Institute of Technology
Columbia University
Alma materPontificia Universidad Católica de Chile (B.S.)

Pontificia Universidad Católica de Chile (M.A.)

Massachusetts Institute of Technology (Ph.D.)
Doctoral
advisor		Olivier Blanchard[1]
Stanley Fischer[1]
Doctoral
students		Emmanuel Farhi[2]
AwardsFellow of the Econometric Society (1998)
Frisch Medal (2002)
Smith Breeden Prize (2008)
Brattle Group Prize (2014)
Information at IDEAS / RePEc

Ricardo Jorge Caballero (born 20 October 1959) is a Chilean macroeconomist who is the Ford International Professor of Economics at the Massachusetts Institute of Technology. He also served as the Chairman of MIT's Economic Department from 2008 to 2011. He is a director of the World Economic Laboratory at MIT and an NBER Research Associate. Caballero received his PhD from MIT in 1988,[3] and he taught at Columbia University before returning to the MIT faculty.

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

  1. ^ a b Caballero, Ricardo J. (1988). The Stochastic Behavior of Consumption and Savings (PDF) (Ph.D.). MIT. Retrieved 17 October 2016.
  2. ^ Farhi, Emmanuel (2006). Three essays in macroeconomics (PDF) (Ph.D.). MIT. Retrieved 20 Jun 2017.
  3. ^ Caballero, Ricardo Jorge (1988), The Stochastic Behavior of Consumption and Savings. Ph.D. dissertation, Massachusetts Institute of Technology.
  4. ^ Caballero, R.; Engel, E. (1999). "Explaining investment dynamics in US manufacturing: a generalized (S,s) approach" (PDF). Econometrica. 67 (4): 783–826. doi:10.1111/1468-0262.00053. S2CID 158174490.
  5. ^ Caballero, R. & Hammour, M. (1998). "The macroeconomics of specificity" (PDF). Journal of Political Economy. 106 (4): 724–767. doi:10.1086/250028. S2CID 85507019.
  6. ^ Caballero, R. & Hammour, M. (1996). "On the timing and efficiency of creative destruction" (PDF). Quarterly Journal of Economics. 111 (3): 805–852. doi:10.2307/2946673. JSTOR 2946673. S2CID 17836698.