Browsing MIT Open Access Articles by Author "Caballero, Ricardo J"

Now showing items 1-3 of 3

    • Global Imbalances and Policy Wars at the Zero Lower Bound 

      Caballero, Ricardo J; Farhi, Emmanuel; Gourinchas, Pierre-Olivier (Oxford University Press (OUP), 2021)
      <jats:title>Abstract</jats:title> <jats:p>This article explores the consequences of extremely low real interest rates in a world with integrated but heterogeneous capital markets, nominal rigidities, and ...

    • Monetary Policy with Opinionated Markets 

      Caballero, Ricardo J; Simsek, Alp (American Economic Association, 2022-07-01)
      <jats:p> We build a model in which the Fed and the market disagree about future aggregate demand. The market anticipates monetary policy “mistakes,” which affect current demand and induce the Fed to partially accommodate ...

    • A Risk-Centric Model of Demand Recessions and Speculation* 

      Caballero, Ricardo J; Simsek, Alp (Oxford University Press (OUP), 2020)
      © 2020 The Author(s) 2020. Published by Oxford University Press on behalf of President and Fellows of Harvard College. We provide a continuous-time "risk-centric"representation of the New Keynesian model, which we use to ...