Ricardo J. Caballero

Ricardo J. Caballero is the Head of the department of Economics, the Ford International Professor of Economics, Co-Director of the World Economic Laboratory at Massachusetts Institute of Technology, and an NBER Research Associate in economic fluctuations and growth. A Chilean native, he received his Ph.D. from MIT. Before returning to MIT, he taught at Columbia University for three years and was an Olin Fellow at the NBER. Caballero has also been a visiting scholar and consultant at the European Central Bank, the Federal Reserve Board, the Inter-American Development Bank, the International Monetary Fund, the World Bank, as well as at central banks and government institutions throughout the world. His teaching and research fields are macroeconomics, international economics, and finance. His current research looks at global capital markets, speculative episodes and financial bubbles, systemic crises prevention mechanisms, and dynamic restructuring. His policy work focuses on aggregate