Ricardo Caballero

Ricardo J. Caballero is the Ford International Professor of Economics, a director of the World Economic Laboratory at the Massachusetts Institute of Technology, and an NBER Research Associate. Caballero was the Chairman of MIT's Economics Department (2008-2011). His teaching and research fields are macroeconomics and finance. His current research looks at the macroeconomic implications of reduced risk tolerance and safe asset shortages, global capital markets, speculative episodes and financial bubbles, and systemic crises prevention mechanisms. He has also written about aggregate consumption and investment, exchange rates, externalities, growth, price rigidity, dynamic aggregation, dynamic reallocation, networks, and complexity.