Browsing by Author "Caballero, Ricardo J."

Now showing items 1-4 of 4

    • Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model 
      Bachmann, Rüdiger; Caballero, Ricardo J.; Engel Goetz, Eduardo (AMER ECONOMIC ASSOC, 2013-10)
      The sensitivity of US aggregate investment to shocks is procyclical. The response upon impact increases by approximately 50 percent from the trough to the peak of the business cycle. This feature of the data follows naturally ...
    • Effective labor regulation and microeconomic flexibility 
      Caballero, Ricardo J.; Cowan, Kevin N.; Engel Goetz, Eduardo; Micco Aguayo, Alejandro (ELSEVIER, 2013-03)
      Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction. The main reason why this process is not infinitely fast, is the presence ...
    • Macroeconomic volatility in Latin America: a view and three case studies 
      Caballero, Ricardo J. (Universidad de Chile. Facultad de Economía y Negocios, 2001-06)
      After decades of trial, error, and occasional regress, the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies ...
    • Price stickiness in Ss models: New interpretations of old results 
      Caballero, Ricardo J.; Engel Goetz, Eduardo (Elsevier, 2007)
      What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The answer to this question ranges from a one-to-one link [Calvo, G., 1983. Prices in a ...