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Citations of
Ricardo J. Caballero

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Working papers

  1. Ricardo J. Caballero & Arvind Krishnamurthy, 2009. "Global Imbalances and Financial Fragility," NBER Working Papers 14688, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    Cited by:

    1. Piffaretti, Nadia F., 2009. "Reshaping the international monetary architecture : lessons from Keynes'plan," Policy Research Working Paper Series 5034, The World Bank. [Downloadable!]

  2. Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2008. "Financial Crash, Commodity Prices and Global Imbalances," NBER Working Papers 14521, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    Cited by:

    1. Carlos Esteban Posada & Jorge Andrés Tamayo C., 2009. "La crisis reciente de Estados Unidos (2007-2008): redescubriendo la importancia del mercado de “fondos prestables"," BORRADORES DE ECONOMIA 005388, BANCO DE LA REPÚBLICA. [Downloadable!]
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    2. Du, Xiaodong (Sheldon) & Yu, Cindy L. & Hayes, Dermot J., 2009. "Speculation and Volatility Spillover in the Crude Oil and Agricultural Commodity Markets: A Bayesian Analysis," Staff General Research Papers 13066, Iowa State University, Department of Economics. [Downloadable!]
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    3. Yongsung Chang & Sun-Bin Kim & Jaewoo Lee, 2009. "Accounting for Global Dispersion of Current Accounts," RCER Working Papers 548, University of Rochester - Center for Economic Research (RCER). [Downloadable!]

  3. Ricardo J. Caballero & Pierre Yared, 2008. "Inflating the Beast: Political Incentives Under Uncertainty," NBER Working Papers 13779, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Daron Acemoglu & Michael Golosov & Aleh Tsyvinski, 2008. "Political Economy of Ramsey Taxation," Levine's Bibliography 122247000000002192, UCLA Department of Economics. [Downloadable!]
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  4. Ricardo J. Caballero & Guido Lorenzoni, 2007. "Persistent Appreciations and Overshooting: A Normative Analysis," NBER Working Papers 13077, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Frankel, Jeffrey & Smit, Ben & Sturzenegger, Federico, 2007. "South Africa: Macroeconomic Challenges after a Decade of Success," Working Paper Series rwp07-021, Harvard University, John F. Kennedy School of Government. [Downloadable!]
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    2. Rod Tyers & Lucy Rees, 2008. "Service Oligopolies And Australia'S Economy-Wide Performance," CAMA Working Papers 2008-05, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
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    3. Frankel, Jeffrey, 2007. "On the Rand: Determinants of the South African Exchange Rate," Working Paper Series rwp07-015, Harvard University, John F. Kennedy School of Government. [Downloadable!]
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  5. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2007. "Price Stickiness in Ss Models: New Interpretations of Old Results," Cowles Foundation Discussion Papers 1603, Cowles Foundation, Yale University. [Downloadable!]
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    Cited by:

    1. Burstein, Ariel Tomas & Hellwig, Christian, 2007. "Prices and Market Shares in a Menu Cost Model," CEPR Discussion Papers 6504, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    2. Michael Woodford, 2008. "Information-Constrained State-Dependent Pricing," NBER Working Papers 14620, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Canova, Fabio & Lopez-Salido, Jose David & Michelacci, Claudio, 2007. "The Labour Market Effects of Technology Shocks," CEPR Discussion Papers 6365, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    4. Andrew T. Levin & J. David López-Salido & Edward Nelson & Tack Yun, 2008. "Macroeconometric equivalence, microeconomic dissonance, and the design of monetary policy," Working Papers 2008-035, Federal Reserve Bank of St. Louis. [Downloadable!]
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    5. Sarah M. Rupprecht, 2007. "When Do Firms Adjust Prices? Evidence from Micro Panel Data," KOF Working papers 07-160, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
    6. James Costain & Antón Nákov, 2009. "Dynamics of the price distribution in a general model of state-dependent pricing," Banco de España Working Papers 0831, Banco de España. [Downloadable!]
    7. James Costain & Antón Nákov, 2008. "Price adjustments in a general model of state-dependent pricing," Banco de España Working Papers 0824, Banco de España. [Downloadable!]
    8. Ruediger Bachmann & Ricardo J. Caballero & Eduardo Engel, 2008. "Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model," Cowles Foundation Discussion Papers 1566R, Cowles Foundation, Yale University. [Downloadable!]
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    9. Giovanni Caggiano & Efrem Castelnuovo, 2008. "Long Memory and Non-Linearities in International Inflation," "Marco Fanno" Working Papers 0076, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]

  6. Ricardo J. Caballero & Arvind Krishnamurthy, 2007. "Collective Risk Management in a Flight to Quality Episode," NBER Working Papers 12896, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    Cited by:

    1. Markus K. Brunnermeier, 2008. "Deciphering the Liquidity and Credit Crunch 2007-08," NBER Working Papers 14612, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    2. Acharya, Viral V. & Gale, Douglas M & Yorulmazer, Tanju, 2009. "Rollover Risk and Market Freezes," CEPR Discussion Papers 7122, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    3. Martin Ellison & Thomas J. Sargent, 2009. "A defence of the FOMC," Economics Series Working Papers 457, University of Oxford, Department of Economics. [Downloadable!]
    4. Zhang, Zhipeng, 2009. "Recovery Rates and Macroeconomic Conditions: The Role of Loan Covenants," MPRA Paper 17521, University Library of Munich, Germany. [Downloadable!]
    5. Chollete, Lorán, 2009. "The Propagation of Financial Extremes," Discussion Papers 2008/25, Department of Finance and Management Science, Norwegian School of Economics and Business Administration. [Downloadable!]
    6. Angelo Ranaldo & Paul Söderlind, 2007. "Safe Haven Currencies," University of St. Gallen Department of Economics working paper series 2007 2007-22, Department of Economics, University of St. Gallen. [Downloadable!]
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    7. Chollete, Lorán, 2008. "The Propagation of Financial Extremes: An Application to Subprime Market Spillovers," Discussion Papers 2008/2, Department of Finance and Management Science, Norwegian School of Economics and Business Administration. [Downloadable!]
    8. Ricardo J. Caballero & Alp Simsek, 2009. "Complexity and Financial Panics," NBER Working Papers 14997, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Joshua Aizenman, 2009. "Financial Crisis and the Paradox of Under- and Over-Regulation," NBER Working Papers 15018, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    11. Andrei Shleifer & Robert W. Vishny, 2009. "Unstable Banking," NBER Working Papers 14943, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Charlotte Christiansen & Angelo Ranaldo, 2007. "Extreme Coexceedances in New EU Member States’ Stock Markets," CREATES Research Papers 2007-34, School of Economics and Management, University of Aarhus. [Downloadable!]
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    13. Arvind Krishnamurthy, 2009. "Amplification Mechanisms in Liquidity Crises," NBER Working Papers 15040, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    14. Zhang, Zhipeng, 2009. "Who Pulls the Plug? Theory and Evidence on Corporate Bankruptcy Decisions," MPRA Paper 17676, University Library of Munich, Germany, revised 05 Oct 2009. [Downloadable!]

  7. Pol Antràs & Ricardo J. Caballero, 2007. "Trade and Capital Flows: A Financial Frictions Perspective," NBER Working Papers 13241, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    Cited by:

    1. Noriyuki Yanagawa, 2008. "Financial Imperfection and Outsourcing Decision," CIRJE F-Series CIRJE-F-586, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    2. Jiandong Ju & Shang-Jin Wei, 2008. "When Is Quality of Financial System a Source of Comparative Advantage?," NBER Working Papers 13984, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Kerstin Gerling, 2008. "The Real Consequences of Financial Market Integration when Countries Are Heterogeneous," Working Papers 141, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]

  8. Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2006. "Zombie Lending and Depressed Restructuring in Japan," NBER Working Papers 12129, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Takeo Hoshi & Anil K. Kashyap, 2004. "Japan's Financial Crisis and Economic Stagnation," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 3-26, Winter. [Downloadable!] (restricted)
    2. Keiichiro Kobayashi & Masaru Inaba, 2006. "Borrowing constraints and protracted recessions," Discussion papers 06011, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    3. Barseghyan, Levon & Jaimovich, Nir, 2004. "Undercapitalized Banks, Uncertain Government Policies, and Declines in Total Factor Productivity," Working Papers 04-05, Cornell University, Center for Analytic Economics. [Downloadable!]
    4. TODO Yasuyuki, 2009. "Quantitative Evaluation of Determinants of Export and FDI: Firm-level evidence from Japan," Discussion papers 09019, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    5. Martin Gervais & Igor Livshits & Césaire Meh, 2007. "Uncertainty and the Specificity of Human Capital," Working Papers 07-57, Bank of Canada. [Downloadable!]
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    6. Chakraborty, Suparna, 2006. "Amplifying Business Cycles through Credit Constraints," MPRA Paper 1808, University Library of Munich, Germany. [Downloadable!]
    7. Kyoji Fukao & Hyeog Ug Kwon, 2005. "Why Did Japan's TFP Growth Slow Down in the Lost Decade? An Empirical Analysis Based on Firm-Level Data of Manufacturing Firms," Discussion papers 05004, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
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    8. Masahiko Shibamoto & Ryuzo Miyao, 2008. "Understanding Output and Price Dynamics in Japan: Why Have Japan's Price Movements Been Relatively Stable Since the 1990s?," Discussion Paper Series 219, Research Institute for Economics & Business Administration, Kobe University. [Downloadable!]
    9. Kawamoto, Takuji, 2005. "What Do the Purified Solow Residuals Tell Us about Japan's Lost Decade?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 23(1), pages 113-48, February. [Downloadable!]
    10. Raphael Bergoeing & Norman Loayza & Andrea Repetto, 2004. "Slow Recoveries," Documentos de Trabajo 188, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
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    11. Andrew Figura & William Wascher, 2008. "The causes and consequences of economic restructuring: evidence from the early 21st century," Finance and Economics Discussion Series 2008-41, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    12. Naohito Abe & Taehun Jung, 2004. "Cross-Shareholdings, Outside Directors, and Managerial Turnover: The Case of Japan," Hi-Stat Discussion Paper Series d04-38, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    13. Alan G. Ahearne & Naoki Shinada, 2005. "Zombie Firms and Economic Stagnation in Japan," Hi-Stat Discussion Paper Series d05-95, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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    14. Masami Imai & Seitaro Takarabe, 2009. "Bank Integration and Local Credit Cycle:Evidence from Japan," Wesleyan Economics Working Papers 2009-002, Wesleyan University, Department of Economics. [Downloadable!]
    15. AKIYOSHI Fumio & KOBAYASHI Keiichiro, 2007. "Bank Distress and Productivity of Borrowing Firms: Evidence from Japan," Discussion papers 07014, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    16. Tokuo Iwaisako, 2004. "Corporate Investment and Restructuring," Discussion Paper Series a460, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    17. Chakraborty, Suparna & Allen, Linda, 2007. "Revisiting the Level Playing Field: International Lending Responses to Divergences in Japanese Bank Capital Regulations from the Basel Accord," MPRA Paper 1805, University Library of Munich, Germany. [Downloadable!]
    18. Panetta, Fabio & Schivardi, Fabiano & Shum, Matthew, 2005. "Do Mergers Improve Information? Evidence from the Loan Market," CEPR Discussion Papers 4961, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    19. Shin-ichi Fukuda & Munehisa Kasuya & Kentaro Akashi, 2006. "The Role of Trade Credit for Small Firms: An Implication from Japan's Banking Crisis," CIRJE F-Series CIRJE-F-440, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
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    20. Maurice Obstfeld, 2009. "Time of Troubles: The Yen and Japan's Economy, 1985-2008," NBER Working Papers 14816, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    21. HOSONO Kaoru & SAKAI Koji & TSURU Kotaro, 2007. "Consolidation of Banks in Japan: Causes and Consequences," Discussion papers 07059, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
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    22. Yasuyuki Sawada & Kazumitsu Nawata & Masako Ii & Jeong-Joon Lee, 2007. "Did the Credit Crunch in Japan Affect Household Welfare? An Augmented Euler Equation Approach Using Type 5 Tobit Model," CIRJE F-Series CIRJE-F-498, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
    23. Zakolyukina Anastasia, 2006. "Bankrtuptcy in Russia: External Management Performance," EERC Working Paper Series 06-09e, EERC Research Network, Russia and CIS. [Downloadable!]
    24. Aoki, Shuhei, 2008. "A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity," MPRA Paper 11511, University Library of Munich, Germany, revised 05 Jan 2009. [Downloadable!]
    25. Sanghoon Ahn & Kyoji Fukao & Hyeog Ug Kwon, 2005. "The Internationalization and Performance of Korean and Japanese Firms: An Empirical Analysis Based on Micro-data," Discussion papers 05008, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    26. Fabian Valencia, 2008. "Banks' Precautionary Capital and Credit Crunches," IMF Working Papers 08/248, International Monetary Fund. [Downloadable!]
    27. Patrick McGuire, 2009. "Bank Ties and Firm Performance in Japan: Some Evidence since FY2002," IMES Discussion Paper Series 09-E-03, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
    28. Kenshi Taketa & Gregory F. Udell, 2007. "Lending Channels and Financial Shocks: The Case of Small and Medium-Sized Enterprise Trade Credit and the Japanese Banking Crisis," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(2), pages 1-44, November. [Downloadable!]
    29. Tatsuyoshi Miyakoshi & Pekka Ilmakunnas, 2009. "What decreases the TFP ? The aging labor and ICT imbalance," Discussion Papers in Economics and Business 09-03, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP). [Downloadable!]
    30. Fukuda, Shin-ichi & Koibuchi, Satoshi, 2006. "The Impacts of "Shock Therapy" on Large and Small Clients: Experiences from Two Large Bank Failures in Japan," CEI Working Paper Series 2006-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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    31. Patrick McGuire, 2009. "Bank ties and firm performance in Japan: some evidence since FY2002," BIS Working Papers 272, Bank for International Settlements. [Downloadable!]
    32. Agnese, Pablo & Sala, Hector, 2008. "The fading 1990s in Japan: Driving forces behind the unemployment upsurge," MPRA Paper 16501, University Library of Munich, Germany. [Downloadable!]
    33. Koji Sakai & Iichiro Uesugi & Tsutomu Watanabe, 2005. "Firm Age and the Evolution of Borrowing Costs: Evidence from Japanese Small Firms," Discussion papers 05026, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    34. Takeo Hoshi & Anil K Kashyap, 2004. "Solutions to the Japanese Banking Crisis: What might work and what definitely will fail," Hi-Stat Discussion Paper Series d04-35, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    35. Arikawa Yasuhiro & Miyajima Hideaki, 2005. "Relationship Banking in post Bubble Japan: Co-existence of soft-and hard budget constraint," Discussion papers 05015, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    36. Yosuke Okada, 2005. "Competition and Productivity in Japanese Manufacturing Industries," NBER Working Papers 11540, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    37. Takeo Hoshi & Anil K Kashyap, 2008. "Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan," NBER Working Papers 14401, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    38. HOSONO Kaoru, 2009. "Financial Crisis, Firm Dynamics and Aggregate Productivity in Japan," Discussion papers 09012, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    39. Hajime Tomura, 2007. "Firms Dynamics, Bankruptcy Laws and Total Factor Productivity," Working Papers 07-17, Bank of Canada. [Downloadable!]
    40. Kenichiro Suzuki & David Cobham, 2005. "Recent trends in the sources of finance for Japanese firms: has Japan become a 'high internal finance' country?," Discussion Paper Series, Department of Economics 0501, Department of Economics, University of St. Andrews. [Downloadable!]
    41. Suparna Chakraborty, 2005. "Real Estate Prices, Borrowing Constraints and Business Cycles -A Study of the Japanese Economy," Macroeconomics 0504012, EconWPA. [Downloadable!]

  9. Ricardo J. Caballero & Arvind Krishnamurthy, 2006. "Flight to Quality and Collective Risk Management," NBER Working Papers 12136, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2007. "The Demand for Treasury Debt," NBER Working Papers 12881, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  10. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Miranda Xafa, 2007. "Global Imbalances and Financial Stability," IMF Working Papers 07/111, International Monetary Fund. [Downloadable!]
    2. Michael P. Dooley & Peter M. Garber & David Folkerts-Landau, 2007. "The Two Crises of International Economics," NBER Working Papers 13197, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Arce, Oscar & López-Salido, J David, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    4. Herrmann, Sabine & Winkler, Adalbert, 2008. "Financial markets and the current account: emerging Europe versus emerging Asia," Discussion Paper Series 1: Economic Studies 2008,05, Deutsche Bundesbank, Research Centre. [Downloadable!]
    5. Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Banco de España Working Papers 0833, Banco de España. [Downloadable!]
    6. Kelly, Morgan, 2007. "On the likely Extent of Falls in Irish House Prices," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2007(2-Summer), pages 42-54. [Downloadable!]
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    7. Anna Maria Carabelli & Mario Aldo Cedrini, 2007. "Current Global Imbalances: Might Keynes Be of Help?," Working Papers 113, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont. [Downloadable!]
    8. George-Marios Angeletos & Guido Lorenzoni & Alessandro Pavan, 2007. "Wall Street and Silicon Valley: A Delicate Interaction," NBER Working Papers 13475, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  11. Ruediger Bachmann & Ricardo J. Caballero & Eduardo Engel, 2006. "Lumpy Investment in Dynamic General Equilibrium," Cowles Foundation Discussion Papers 1566, Cowles Foundation, Yale University. [Downloadable!]
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    Cited by:

    1. Nicholas Bloom, 2007. "The Impact of Uncertainty Shocks," NBER Working Papers 13385, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    2. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2007. "Price Stickiness in Ss Models: New Interpretations of Old Results," Working Papers 952, Economic Growth Center, Yale University. [Downloadable!]
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    3. Francois Gourio, 2007. "Disasters and Recoveries: A Note on the Barro-Rietz Explanation of the Equity Premium Puzzle," Boston University - Department of Economics - Working Papers Series WP2007-007, Boston University - Department of Economics. [Downloadable!]
    4. Aubhik Khan & Julia Thomas, 2007. "Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics," NBER Working Papers 12845, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Ricardo Caballero & Kevin Cowan, 2006. "Financial Integration Without the Volatility," Working Papers Central Bank of Chile 387, Central Bank of Chile. [Downloadable!]

    Cited by:

    1. Eduardo A. Cavallo & Patricio Valenzuela & Eduardo Borensztein, 2007. "La Sostenibilidad de Deuda frente a Riesgo de Catastrofes Naturales," RES Working Papers 4523, Inter-American Development Bank, Research Department. [Downloadable!]
    2. Carmen Altés, 2008. "Turismo y desarrollo en México," RES Working Papers 2008, Inter-American Development Bank, Research Department. [Downloadable!]
    3. Eduardo A. Cavallo & Patricio Valenzuela & Eduardo Borensztein, 2007. "Debt Sustainability under Catastrophic Risk: The Case for Government Budget Insurance," RES Working Papers 4522, Inter-American Development Bank, Research Department. [Downloadable!]
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    4. Melecky, Martin, 2008. "An alternative framework for foreign exchange risk management of sovereign debt," Policy Research Working Paper Series 4458, The World Bank. [Downloadable!]

  13. Caballero, Ricardo & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2006. "An Equilibrium Model of 'Global Imbalances' and Low Interest Rates," CEPR Discussion Papers 5573, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    Published as:

    Cited by:

    1. Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2008. "Financial Crash, Commodity Prices and Global Imbalances," NBER Working Papers 14521, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    2. David Hauner & Manmohan S. Kumar, 2006. "Fiscal Policy and Interest Rates--How Sustainable Is the "New Economy"?," IMF Working Papers 06/112, International Monetary Fund. [Downloadable!]
    3. Michele Cavallo & Cédric Tille, 2006. "Could capital gains smooth a current account rebalancing?," Working Paper Series 2006-03, Federal Reserve Bank of San Francisco. [Downloadable!]
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    4. Andrea Ferrero & Mark Gertler & Lars E.O. Svensson, 2008. "Current Account Dynamics and Monetary Policy," NBER Working Papers 13906, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    5. Charles Engel & John H. Rogers, 2008. "Expected consumption growth from cross-country surveys: implications for assessing international capital markets," International Finance Discussion Papers 949, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    6. Ziesemer, Thomas, 2007. "Estimations of US debt dynamics: Growth cum debt and the savings glut in Kouri’s model," UNU-MERIT Working Paper Series 003, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
    7. Jiandong Ju & Shang-Jin Wei, 2006. "A Solution to Two Paradoxes of International Capital Flows," NBER Working Papers 12668, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    8. Alessandra Fogli & Fabrizio Perri, 2006. "The "Great Moderation" and the US External Imbalance," Working Papers CAS_RN_2007_5, Laboratory for Macroeconomic Analysis. [Downloadable!]
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    9. Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2007. "The Demand for Treasury Debt," NBER Working Papers 12881, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Charles Engel & John H. Rogers, 2006. "The U.S. Current Account Deficit and the Expected Share of World Output," NBER Working Papers 11921, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    11. Marcel Fratzscher & Luciana Juvenal & Lucio Sarno, 2007. "Asset prices, exchange rates and the current account," Working Paper Series 790, European Central Bank. [Downloadable!]
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    12. Bems, Rudolfs & Dedola, Luca & Smets, Frank, 2007. "US Imbalances: The Role of Technology and Policy," CEPR Discussion Papers 6110, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    13. Ellen R. McGrattan & Edward C. Prescott, 2009. "Technology capital and the U.S. current account," Staff Report 406, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    14. Michael Devereux & Amartya Lahiri, 2006. "Global current account adjustment: a decomposition," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. [Downloadable!]
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    15. Joshua Aizenman & Yothin Jinjarak, 2008. "The US as the "Demander of Last Resort" and its Implications on China's Current Account," NBER Working Papers 14453, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    16. Frankel, Jeffrey, 2006. "Global Imbalances and Low Interest Rates: An Equilibrium Model vs. A Disequilibrium Reality," Working Paper Series rwp06-035, Harvard University, John F. Kennedy School of Government. [Downloadable!]
    17. Nicolas Coeurdacier & Pierre-Olivier Gourinchas, 2008. "When bonds matter: home bias in goods and assets," Working Paper Series 2008-25, Federal Reserve Bank of San Francisco. [Downloadable!]
    18. Philip R. Lane & Sergio L. Schmukler, 2006. "The international financial integration of China and India," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. [Downloadable!]
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    19. Barry Eichengreen, 2008. "Should there be a coordinated response to the problem of global imbalances? Can there be one?," Working Papers 69, United Nations, Department of Economics and Social Affairs. [Downloadable!]
    20. Ricardo J Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An equilibrum model of "global imbalances" and low interest rates," BIS Working Papers 222, Bank for International Settlements. [Downloadable!]
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    21. Christopher Gust & Sylvain Leduc & Nathan Sheets, 2008. "The adjustment of global external balances: does partial exchange rate pass-through to trade prices matter?," Working Paper Series 2008-16, Federal Reserve Bank of San Francisco. [Downloadable!]
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    22. Michael B Devereux, 2007. "Financial Globalization and Emerging Market Portfolios," IMES Discussion Paper Series 07-E-13, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
      Other versions:
    23. Philip R. Lane, 2008. "The Macroeconomics of Financial Integration: A European Perspective," The Institute for International Integration Studies Discussion Paper Series iiisdp265, IIIS. [Downloadable!]
    24. Marcus Miller & Lei Zhang, 2006. "Capital Flows, Interest Rates and Precautionary Behaviour: a model of "global imbalances"," WEF Working Papers 0014, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
      Other versions:
    25. Ju, Jiandong & Wei, Shang-Jin, 2007. "Domestic Institutions and the Bypass Effect of Financial Globalization," CEPR Discussion Papers 6343, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    26. Juan Pablo Medina & Anella Munro & Claudio Soto, 2007. "What Drives the Current Account in Commodity Exporting Countries? The Cases of Chile and New Zealand," Working Papers Central Bank of Chile 447, Central Bank of Chile. [Downloadable!]
      Other versions:
    27. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    28. Ricardo Hausmann and Federico Sturzenegger, 2006. "Global imbalances or bad accounting? The missing dark matter in the wealth of nations," Business School Working Papers globalimbal, Universidad Torcuato Di Tella. [Downloadable!]
      Other versions:
    29. Ravi Balakrishnan & Volodymyr Tulin & Tamim Bayoumi, 2007. "Globalization, Gluts, Innovation or Irrationality: What Explains the Easy Financing of the U.S. Current Account Deficit?," IMF Working Papers 07/160, International Monetary Fund. [Downloadable!]
    30. Andrea Ferrero, 2007. "The long-run determinants of U.S. external imbalances," Staff Reports 295, Federal Reserve Bank of New York. [Downloadable!]
    31. Pol Antràs & Ricardo J. Caballero, 2007. "Trade and Capital Flows: A Financial Frictions Perspective," NBER Working Papers 13241, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    32. Hume, Michael & Sentance, Andrew, 2009. "The global credit boom: challenges for macroeconomics and policy," Discussion Papers 27, Monetary Policy Committee Unit, Bank of England. [Downloadable!]
    33. Pierre-Olivier Gourinchas & Olivier Jeanne, 2007. "Capital Flows to Developing Countries: The Allocation Puzzle," NBER Working Papers 13602, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    34. Giancarlo Corsetti & Philippe Martin & Paolo Pesenti, 2008. "Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment," RSCAS Working Papers 2008/01, European University Institute. [Downloadable!]
      Other versions:
    35. Brahima Coulibaly & Jonathan Millar, 2008. "The Asian financial crisis, uphill flow of capital, and global imbalances: evidence from a micro study," International Finance Discussion Papers 942, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    36. Dimitri B. Papadimitriou & Gennaro Zezza & Greg Hannsgen, 2006. "Can Global Imbalances Continue?: Policies for the U.S. Economy," Economics Strategic Analysis Archive sa_nov_06, Levy Economics Institute, The. [Downloadable!]
    37. Joshua Aizenman & Yi Sun, 2008. "Globalization and the Sustainability of Large Current Account Imbalances: Size Matters," NBER Working Papers 13734, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    38. Benjamin Eden, 2006. "International Seigniorage Payments," Working Papers 0622, Department of Economics, Vanderbilt University. [Downloadable!]
    39. Marcus Miller & Lei Zhang, 2007. "Temor y falla de mercados: Desequilibrios mundiales y “aseguramiento propio," RES Working Papers 4499, Inter-American Development Bank, Research Department. [Downloadable!]
    40. Tarek A. Hassan, 2009. "Country Size, Currency Unions, and International Asset Returns," Working Papers 154, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
    41. Kenza Benhima, 2008. "A Reappraisal of the Allocation Puzzle through the Portfolio Approach," EconomiX Working Papers 2008-27, University of Paris West - Nanterre la Défense, EconomiX. [Downloadable!]
    42. Ravi Balakrishnan & Volodymyr Tulin, 2006. "U.S. Dollar Risk Premiums and Capital Flows," IMF Working Papers 06/160, International Monetary Fund. [Downloadable!]
    43. Marcus Miller & Lei Zhang, 2007. "Fear and Market Failure: Global Imbalances and “Self-Insurance”," RES Working Papers 4498, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    44. Joshua Aizenman & Jaewoo Lee, 2006. "Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding," NBER Working Papers 12718, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    45. José De Gregorio, 2008. "The Tensions of the World Economy," Economic Policy Papers Central Bank of Chile 27, Central Bank of Chile. [Downloadable!]

  14. Ruediger Bachmann & Ricardo J. Caballero & Eduardo M.R.A. Engel, 2006. "Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model," NBER Working Papers 12336, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Nicholas Bloom, 2007. "The Impact of Uncertainty Shocks," NBER Working Papers 13385, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2007. "Price Stickiness in Ss Models: New Interpretations of Old Results," Working Papers 952, Economic Growth Center, Yale University. [Downloadable!]
      Other versions:
    3. Francois Gourio, 2007. "Disasters and Recoveries: A Note on the Barro-Rietz Explanation of the Equity Premium Puzzle," Boston University - Department of Economics - Working Papers Series WP2007-007, Boston University - Department of Economics. [Downloadable!]
    4. Christopher L. House, 2008. "Fixed Costs and Long-Lived Investments," NBER Working Papers 14402, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Miao, Jianjun & Wang, Pengfei, 2009. "Does Lumy Investment Matter for Business Cycles?," MPRA Paper 14977, University Library of Munich, Germany. [Downloadable!]
    6. Aubhik Khan & Julia Thomas, 2007. "Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics," NBER Working Papers 12845, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:

  15. Ricardo J. Caballero & Arvind Krishnamurthy, 2005. "Bubbles and Capital Flow Volatility: Causes and Risk Management," NBER Working Papers 11618, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2008. "Financial Crash, Commodity Prices and Global Imbalances," NBER Working Papers 14521, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Farhi, Emmanuel & Tirole, Jean, 2008. "Competing Liquidities: Corporate Securities Real Bonds and Bubbles," IDEI Working Papers 506, Institut d'Économie Industrielle (IDEI), Toulouse.
      Other versions:
    3. Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," NBER Working Papers 11996, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Arce, Oscar & López-Salido, J David, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    5. Óscar J. Arce & J. David López-Salido, 2008. "Housing bubbles," Banco de España Working Papers 0815, Banco de España. [Downloadable!]
    6. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  16. Ricardo Caballero & Stavros Panageas, 2005. "A Quantitative Model of Sudden Stops and External Liquidity Management," NBER Working Papers 11293, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Ricardo J. Caballero & Pierre Yared, 2008. "Inflating the Beast: Political Incentives Under Uncertainty," NBER Working Papers 13779, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    2. Alexander D. Rothenberg & Francis E. Warnock, 2006. "Sudden Flight and True Sudden Stops," NBER Working Papers 12726, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Enrique G. Mendoza, 2006. "Lessons From the Debt-Deflation Theory of Sudden Stops," NBER Working Papers 11966, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Barry Eichengreen, 2006. "Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?," NBER Working Papers 12451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    5. Ronald U. Mendoza, 2007. "A Compendium of Policy Instruments to Enhance Financial Stability and Debt Management in Emerging Market Economies," Working Papers 48, United Nations, Department of Economics and Social Affairs. [Downloadable!]
    6. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    7. Stavros Panageas, 2009. "Bailouts, the Incentive to Manage Risk, and Financial Crises," NBER Working Papers 15058, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Alexander D. Rothenberg & Francis E. Warnock, 2007. "Sudden Flight and True Sudden Stops," The Institute for International Integration Studies Discussion Paper Series iiisdp187, IIIS. [Downloadable!]
    9. Kevin Cowan & Jose De Gregorio & Alejandro Micco & Christopher Neilson, 2007. "Financial Diversification, Sudden Stops and Sudden Starts," Working Papers Central Bank of Chile 423, Central Bank of Chile. [Downloadable!]

  17. Ricardo Caballero & Arvind Krishnamurthy, 2005. "Financial System Risk and Flight to Quality," NBER Working Papers 11834, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Vasco Cúrdia, 2005. "Monetary Policy under Sudden Stops," International Finance 0510025, EconWPA, revised 02 Nov 2005. [Downloadable!]
      Other versions:

  18. Ricardo J. Caballero & Eduardo M.R.A. Engel & Alejandro Micco, 2004. "Microeconomic Flexibility in Latin America," Working Papers 884, Economic Growth Center, Yale University. [Downloadable!]
    Other versions:
    Published as:

    Cited by:

    1. Ricardo J. Caballero & Kevin N. Cowan & Eduardo M.R.A. Engel & Alejandro Micco, 2004. "Effective Labor Regulation and Microeconomic Flexibility," Cowles Foundation Discussion Papers 1480, Cowles Foundation, Yale University, revised Oct 2006. [Downloadable!]
      Other versions:
    2. Raphael Bergoeing & Norman Loayza & Andrea Repetto, 2004. "Slow Recoveries," Documentos de Trabajo 188, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
      Other versions:
    3. Loayza, Norman V. & Oviedo, Ana Maria & Serven, Luis, 2005. "Regulation and macroeconomic performance," Policy Research Working Paper Series 3469, The World Bank. [Downloadable!]
    4. Orlando Gracia & Hernando Zuleta, 2007. "Tratado de libre comercio entre Colombia y Estados Unidos: ¿Qué impacto puede tener en Colombia?," DOCUMENTOS DE TRABAJO 004369, UNIVERSIDAD DEL ROSARIO - FACULTAD DE ECONOMÍA. [Downloadable!]
    5. Rita Almeida & Pedro Carneiro, 2007. "Inequality and Employment in a Dual Economy: Enforcement of Labor Regulation in Brazil," IZA Discussion Papers 3094, Institute for the Study of Labor (IZA). [Downloadable!]
    6. Elías Albagli & Pablo García & Jorge Restrepo, 2004. "Labor Market Rigidity and Structural Shocks: An Open-Economy Approach for International Comparisons," Working Papers Central Bank of Chile 263, Central Bank of Chile. [Downloadable!]
    7. Orlando Gracia & Hernando Zuleta, 2005. "The Free Trade Agreement between Colombia and USA: What can happen to Colombia?," DEGIT Conference Papers c010_023, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
      Other versions:
    8. Marcela Eslava & John Haltiwanger & Adriana Kugler & Maurice Kugler, 2005. "Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants," IZA Discussion Papers 1751, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    9. William Maloney & Andrés Rodríguez-Clare, 2005. "Insuficiencias de innovación," RES Working Papers 4430, Inter-American Development Bank, Research Department. [Downloadable!]
    10. Esteban Puentes & Dante Contreras & Claudia Sanhueza, 2007. "Self-Employment in Chile, long run trends and education and age structures changes," Estudios de Economia, University of Chile, Department of Economics, vol. 34(2 Year 20), pages 203-247, December. [Downloadable!]
    11. William Maloney & Andrés Rodríguez-Clare, 2005. "Innovation Shortfalls," RES Working Papers 4429, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:

  19. Ricardo J. Caballero & Arvind Krishnamurthy, 2004. "Fiscal Policy and Financial Depth," NBER Working Papers 10532, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Cafer Kaplan & Erdal Ozmen & Cihan Yalcin, 2006. "The Determinants and Implications of Financial Asset Holdings of Non-Financial Firms in Turkey : An Emprical Investigation," Working Papers 0606, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
    2. F. Gulcin Ozkan & Ahmet Kipici & Mustafa Ismihan, 2008. "The Banking Sector, Government Bonds and Financial Intermediation: The Case of Emerging Market Countries," Discussion Papers 08/11, Department of Economics, University of York. [Downloadable!]
    3. Halil Ibrahim Aydin & Cafer Kaplan & Mehtap Kesriyeli & Erdal Ozmen & Cihan Yalcin & Serkan Yigit, 2006. "Corporate Sector Financial Structure in Turkey : A Descriptive Analysis," Working Papers 0607, Research and Monetary Policy Department, Central Bank of the Republic of Turkey. [Downloadable!]
    4. Benedetti, Marina & Giavazzi, Francesco & Jappelli, Tullio & Pagano, Marco, 2005. "Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence," CEPR Discussion Papers 5272, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    5. Moser, Christoph, 2007. "The Impact of Political Risk on Sovereign Bond Spreads - Evidence from Latin America," Proceedings of the German Development Economics Conference, Göttingen 2007 24, Verein für Socialpolitik, Research Committee Development Economics. [Downloadable!]
    6. Ethan Ilzetzki & Carlos A. Vegh, 2008. "Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?," NBER Working Papers 14191, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    7. Mark Aguiar & Manuel Amador & Gita Gopinath, 2005. "Efficient Fiscal Policy and Amplification," NBER Working Papers 11490, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    8. Moser, Christoph / Dreher, Axel, 2007. "Do Markets Care about Central Bank Governor Changes? Evidence from Emerging Markets," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    9. David Hauner, 2006. "Fiscal Policy and Financial Development," IMF Working Papers 06/26, International Monetary Fund. [Downloadable!]
    10. Ari Aisen & David Hauner, 2008. "Budget Deficits and Interest Rates: A Fresh Perspective," IMF Working Papers 08/42, International Monetary Fund. [Downloadable!]
    11. Ugo Panizza & Dany Jaimovich, 2007. "Procyclicality or Reverse Causality?," RES Working Papers 4508, Inter-American Development Bank, Research Department. [Downloadable!]
    12. Ugo Panizza & Dany Jaimovich, 2007. "Prociclicalidad o Causalidad Reversa?," RES Working Papers 4509, Inter-American Development Bank, Research Department. [Downloadable!]

  20. Ricardo Caballero & Arvind Krishnamurthy, 2004. "Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective," NBER Working Papers 10517, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
    Published as:

    Cited by:

    1. Francisco Gallego & Geraint Jones, 2005. "Exchange Rate Interventions and Insurance: Is “Fear of Floating” a Cause For Concern?," Working Papers Central Bank of Chile 326, Central Bank of Chile. [Downloadable!]
    2. Abbas Mirakhor & Iqbal Mehdi Zaidi, 2004. "Foreign Currency Deposits and International Liquidity Shortages in Pakistan," IMF Working Papers 04/167, International Monetary Fund. [Downloadable!]
    3. Andres Velasco & Roberto Chang, 2004. "Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria," NBER Working Papers 10827, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Andres Velasco & Robert Chang, 2004. "Endogenous dollarization, expectations, and equilibrium monetary policy," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. [Downloadable!]
    5. Fabio Braggion & Lawrence J. Christiano & Jorge Roldos, 2007. "Optimal Monetary Policy in a 'Sudden Stop'," NBER Working Papers 13254, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Raghuram G. Rajan, 2005. "Has financial development made the world riskier?," Proceedings, Federal Reserve Bank of Kansas City, issue Aug, pages 313-369. [Downloadable!]
      Other versions:
    7. Frederic S. Mishkin, 2007. "Comment on "Monetary Rules in Emerging Economies with Financial Market Imperfections"," NBER Chapters, in: International Dimensions of Monetary Policy National Bureau of Economic Research, Inc. [Downloadable!]

  21. Ricardo J. Caballero & Stavros Panageas, 2004. "Contingent Reserves Management: An Applied Framework," NBER Working Papers 10786, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
    Published as:

    Cited by:

    1. Guido Sandleris & Filippo Taddei, 2007. "Indexed Sovereign Debt: a Survey and a Framework of Analysis," Carlo Alberto Notebooks 66, Collegio Carlo Alberto. [Downloadable!]
    2. Miguel A. Kiguel & Alain Ize & Eduardo Levy Yeyati, 2005. "Managing Systemic Liquidity Risk in Financially Dollarized Economies," IMF Working Papers 05/188, International Monetary Fund. [Downloadable!]
    3. Alain Ize & Miguel Kiguel & Eduardo Levy Yeyati, 2005. "Managing Systemic Liquidity Risk in Financially Dollarized Economy," Business School Working Papers managsystrisk, Universidad Torcuato Di Tella. [Downloadable!]
    4. Laura Alfaro & Fabio Kanczuk, 2007. "Optimal Reserve Management and Sovereign Debt," NBER Working Papers 13216, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    5. Kevin Cowan & Sebastián Edwards & Rodrigo Valdés, 2007. "Current Account and External Financing: An Introduction," Working Papers Central Bank of Chile 439, Central Bank of Chile. [Downloadable!]
    6. Ricardo Caballero & Stavros Panageas, 2005. "A Quantitative Model of Sudden Stops and External Liquidity Management," NBER Working Papers 11293, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    7. Michael B Devereux & Alan Sutherland, 2009. "A Portfolio Model of Capital Flows to Emerging Markets," Working Papers 082009, Hong Kong Institute for Monetary Research. [Downloadable!]
    8. Romain Ranciere & Olivier Jeanne, 2006. "The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications," IMF Working Papers 06/229, International Monetary Fund. [Downloadable!]

  22. Ricardo J. Caballero & Kevin N. Cowan & Eduardo M.R.A. Engel & Alejandro Micco, 2004. "Effective Labor Regulation and Microeconomic Flexibility," NBER Working Papers 10744, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Philippe Aghion & Robin Burgess & Stephen Redding & F Zilibotti, 2005. "The Unequal Effects of Liberalization: Evidence fromDismantling the License Raj in India," STICERD - Development Economics Papers 45, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
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    2. Yu-Fu Chen & Michael Funke, 2007. "Threshold Effects of Dismissal Protection Regulation and the Emergence of Temporary Work Agencies," Discussion Papers 207, University of Dundee, Economic Studies. [Downloadable!]
      Other versions:
    3. Alejandro Micco & Carmen Pagés-Serra, 2004. "Employment Protection and Gross Job Flows: A Differences-in-Differences Approach," RES Working Papers 4365, Inter-American Development Bank, Research Department. [Downloadable!]
    4. Carmen Pagés-Serra & Alejandro Micco, 2008. "Efectos económicos de la protección del empleo: Elementos de juicio a partir de datos internacionales a nivel de actividad económica," RES Working Papers 4497, Inter-American Development Bank, Research Department. [Downloadable!]
    5. Yu-Fu Chen & Michael Funke, 2006. "Threshold Effects of Dismissal Protection Regulations and Employment Dynamics," Discussion Papers 195, University of Dundee, Economic Studies. [Downloadable!]
    6. Rita Almeida & Pedro Carneiro, 2007. "Inequality and Employment in a Dual Economy: Enforcement of Labor Regulation in Brazil," IZA Discussion Papers 3094, Institute for the Study of Labor (IZA). [Downloadable!]
    7. Tomi Kyyrä & mika Maliranta, 2006. "The Micro-level Dynamics of Declining Labour Share: Lessons from Finnish Great Leap," Discussion Papers 1049, The Research Institute of the Finnish Economy. [Downloadable!]
    8. Alejandro Micco & Carmen Pagés-Serra, 2004. "Protección del empleo y flujo bruto de puestos de trabajo: un enfoque de diferencias en diferencias," RES Working Papers 4366, Inter-American Development Bank, Research Department. [Downloadable!]
    9. Ricardo Caballero & Kevin N. Cowan & Eduardo M. R. A. Engel & Alejandro Micco, 2004. "Effective labor regulation and microeconomic flexibility," Working Papers 04-6, Federal Reserve Bank of Boston. [Downloadable!]
      Other versions:
    10. Carmen Pagés-Serra & Alejandro Micco, 2008. "The Economic Effects of Employment Protection: Evidence from International Industry-Level Data," RES Working Papers 4496, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    11. Fabio Braggion & Lawrence J. Christiano & Jorge Roldos, 2007. "Optimal Monetary Policy in a 'Sudden Stop'," NBER Working Papers 13254, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Bruno Deffains & Yannick Gabuthy & Eve-Angéline Lambert, 2007. "Labor Conflicts and Inefficiency of Relationship-Specific Investments: What is the Judge's Role?," Working Papers of BETA 2007-04, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
    13. Loayza, Norman V. & Raddatz, Claudio, 2006. "The structural determinants of external vulnerability," Policy Research Working Paper Series 4089, The World Bank. [Downloadable!]
      Other versions:
    14. Yu-Fu Chen & Michael Funke, 2005. "Product Market Competition, Investment and Employment-Abundant versus Job-Poor Growth: A Real Options Perspective," Quantitative Macroeconomics Working Papers 20510, Hamburg University, Department of Economics. [Downloadable!]
      Other versions:
    15. Tehmina S. Khan, 2006. "Productivity Growth, Technological Convergence, R&D, Trade, and Labor Markets: Evidence from the French Manufacturing Sector," IMF Working Papers 06/230, International Monetary Fund. [Downloadable!]
    16. Amil Petrin & Jagadeesh Sivadasan, 2006. "Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile," NBER Working Papers 12757, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. Kaplan, David S. & Sadka, Joyce, 2008. "Enforceability of labor law : evidence from a labor court in Mexico," Policy Research Working Paper Series 4483, The World Bank. [Downloadable!]
    18. Ronald Fischer, 2008. "Economic performance, creditor protection and labor inflexibility," Documentos de Trabajo 250, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
      Other versions:
    19. Jaime Guajardo, 2008. "Financial Frictions and Business Cycles in Middle-Income Countries," IMF Working Papers 08/20, International Monetary Fund. [Downloadable!]
    20. Philippe Aghion & Thibault Fally & Stefano Scarpetta, 2007. "Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms," IZA Discussion Papers 3237, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    21. Kaplan, David S., 2008. "Job creation and labor reform in Latin America," Policy Research Working Paper Series 4708, The World Bank. [Downloadable!]
      Other versions:
    22. Flaig, Gebhard / Rottmann, Horst, 2007. "Labour Market Institutions and the Employment Intensity of Output Growth. An International Comparison," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    23. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2007. "The Economic Consequences of Legal Origins," NBER Working Papers 13608, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    24. Jahn, Elke J., 2005. "Wie wirkt der Kündigungsschutz? (What are the effects of employment protection?)," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 38(2/3), pages 284-304. [Downloadable!]
    25. Jaime Gatica & Pilar Romaguera, 2005. "El Mercado Laboral en Chile Nuevos Temas y Desafíos," Documentos de Trabajo 210, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    26. Harold L. Cole & Lee E. Ohanian & Alvaro Riascos & James A. Schmitz, Jr., 2004. "Latin America in the rearview mirror," Staff Report 351, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    27. M. Eslava, J. Haltwanger, A. Kugler, M. Kugler, 2008. "Factor Adjustments After Deregulation: Panel Evidence from Colombian Plants," Working Papers eg0059, Wilfrid Laurier University, Department of Economics, revised 2008. [Downloadable!]
      Other versions:

  23. Ricardo Caballero & Kevin Cowan & Jonathan Kearns, 2004. "Fear of Sudden Stops: Lessons from Australia and Chile," NBER Working Papers 10519, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    Published as:

    Cited by:

    1. Barry Eichengreen & Ricardo Hausmann & Ugo Panizza, 2007. "Currency Mismatches, Debt Intolerance, and the Original Sin: Why They Are Not the Same and Why It Matters," NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, pages 121-170 National Bureau of Economic Research, Inc. [Downloadable!]
    2. Jorge A. Chan-Lau, 2005. "Hedging Foreign Exchange Risk in Chile: Markets and Instruments," IMF Working Papers 05/37, International Monetary Fund. [Downloadable!]
    3. Cortes, Maria, 2007. "Examining Patterns of Bilateral Trade between Australia and Colombia by Using Cointegration Analysis and Error-Correction Models," Economics Working Papers wp07-20, School of Economics, University of Wollongong, NSW, Australia. [Downloadable!]
    4. Luis Felipe Céspedes & Ilan Goldfajn & Phil Lowe & Rodrigo Valdés, 2005. "Policy Responses to External Shocks: The Experiences of Australia, Brazil and Chile," Working Papers Central Bank of Chile 321, Central Bank of Chile. [Downloadable!]
    5. Tito Cordella & Eduardo Levy Yeyati, 2004. "Country Insurance," IMF Working Papers 04/148, International Monetary Fund. [Downloadable!]
      Other versions:
    6. Michael Bordo & Christopher Meissner, 2005. "Financial Crises, 1880-1913: The Role of Foreign Currency Debt," NBER Working Papers 11173, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Daniel Esteban Osorio Rodríguez & Mauricio Avella Gómez, 2005. "The Ciclical Behavior Of External Indebtedness: The Case Of Foreign And Domestic Banks In Colombia," BORRADORES DE ECONOMIA 003571, BANCO DE LA REPÚBLICA. [Downloadable!]
    8. Michael D. Bordo & Alberto F. Cavallo & Christopher M. Meissner, 2007. "Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880-1913," NBER Working Papers 13489, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Maurice Obstfeld, 2004. "Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies," Center for International and Development Economics Research, Working Paper Series 1053, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
      Other versions:
    10. Michael D. Bordo, 2006. "Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: Déjà vu?," NBER Working Papers 12393, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    11. Alejandro Micco & Ugo Panizza, 2004. "Propiedad de la banca y conducta crediticia," RES Working Papers 4386, Inter-American Development Bank, Research Department. [Downloadable!]
    12. Michael D. Bordo, 2007. "Growing Up to Financial Stability," NBER Working Papers 12993, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    13. Laura Alfaro & Fabio Kanczuk, 2006. "Sovereign Debt: Indexation and Maturity," RES Working Papers 4459, Inter-American Development Bank, Research Department. [Downloadable!]
    14. Kevin Cowan & Jose De Gregorio, 2005. "International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile," NBER Working Papers 11382, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Alejandro Micco & Ugo Panizza, 2006. "Bank Ownership and Lending Behavior," Working Papers Central Bank of Chile 369, Central Bank of Chile. [Downloadable!]
      Other versions:
    16. Daniel Esteban Osorio Rodíguez & Mauricio Avella Gómez, . "The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia," Borradores de Economia 345, Banco de la Republica de Colombia. [Downloadable!]
    17. Esteban Jadresic & Jorge Selaive, 2005. "Is The FX Derivatives Market Effective and Efficient in Reducing Currency Risk?," Working Papers Central Bank of Chile 325, Central Bank of Chile. [Downloadable!]
    18. Eduardo Levy Yeyati, 2006. "Exchange Rate Regimes in the 2000s: A Latin American Perspective," Business School Working Papers exchangerate, Universidad Torcuato Di Tella. [Downloadable!]
    19. Christopher M Meissner & Michael D Bordo, 2006. "The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997," WEF Working Papers 0001, ESRC World Economy and Finance Research Programme, Birkbeck, University of London. [Downloadable!]
      Other versions:
    20. Jaewoo Lee, 2004. "Insurance Value of International Reserves: An Option Pricing Approach," IMF Working Papers 04/175, International Monetary Fund. [Downloadable!]
    21. Rochelle Belkar & Lynne Cockerell & Christopher Kent, 2007. "Current Account Deficits: The Australian Debate," Working Papers Central Bank of Chile 450, Central Bank of Chile. [Downloadable!]
    22. Kevin Cowan & Jose De Gregorio & Alejandro Micco & Christopher Neilson, 2007. "Financial Diversification, Sudden Stops and Sudden Starts," Working Papers Central Bank of Chile 423, Central Bank of Chile. [Downloadable!]
    23. Luís Antonio Ahumada & Jorge Selaive C., 2007. "Desarrollo del mercado de derivados cambiarios en Chile," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Economics Department, vol. 22(1), pages 35-58, June. [Downloadable!]
    24. Laura Alfaro & Fabio Kanczuk, 2006. "Deuda soberana: indexación y vencimiento," RES Working Papers 4460, Inter-American Development Bank, Research Department. [Downloadable!]

  24. Ricardo Caballero & Emmanuel Farhi & Mohamad L. Hammour, 2004. "Speculative Growth: Hints from the US Economy," NBER Working Papers 10518, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Ricardo J. Caballero & Arvind Krishnamurthy, 2005. "Bubbles and Capital Flow Volatility: Causes and Risk Management," NBER Working Papers 11618, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Sebastian Edwards, 2005. "Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?," NBER Working Papers 11541, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Kevin J. Lansing, 2008. "Speculative growth and overreaction to technology shocks," Working Paper Series 2008-08, Federal Reserve Bank of San Francisco. [Downloadable!]
    4. Aart Kraay & Jaume Ventura, 2005. "The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account," NBER Working Papers 11543, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    5. Marcel Fratzscher & Luciana Juvenal & Lucio Sarno, 2007. "Asset prices, exchange rates and the current account," Working Paper Series 790, European Central Bank. [Downloadable!]
      Other versions:
    6. Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," NBER Working Papers 11996, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Arce, Oscar & López-Salido, J David, 2008. "Housing Bubbles," CEPR Discussion Papers 6932, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    8. Murillo Campello & John Graham, 2007. "Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble," NBER Working Papers 13640, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005. "The U.S. Current Account and the Dollar," NBER Working Papers 11137, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Óscar J. Arce & J. David López-Salido, 2008. "Housing bubbles," Banco de España Working Papers 0815, Banco de España. [Downloadable!]
    11. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Hian Teck Hoon & Edmund S. Phelps, 2006. "Effects of Technological Improvement in the Ict-Producing Sector on Business Activity," Discussion Papers 0506-21, Columbia University, Department of Economics. [Downloadable!]
    13. Kevin J. Lansing, 2008. "Speculative bubbles and overreaction to technological innovation," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue Jun 20. [Downloadable!]
      Other versions:
    14. Hoon Hian Teck & Edmund S. Phelps, 2006. "ICT-Producing Sector on Business Activity," Working Papers 07-2006, Singapore Management University, School of Economics. [Downloadable!]
    15. Arce, Oscar & López-Salido, J David, 2006. "House Prices, Rents and Interest Rates Under Collateral Constraints," CEPR Discussion Papers 5689, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    16. George-Marios Angeletos, 2008. "Private Sunspots and Idiosyncratic Investor Sentiment," NBER Working Papers 14015, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    17. George-Marios Angeletos & Guido Lorenzoni & Alessandro Pavan, 2007. "Wall Street and Silicon Valley: A Delicate Interaction," NBER Working Papers 13475, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  25. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2004. "Three Strikes and You're Out: Reply to Cooper and Willis," NBER Working Papers 10368, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Kalckreuth, Ulf von, 2008. "Financing constraints, firm level adjustment of capital and aggregate implications," Discussion Paper Series 1: Economic Studies 2008,11, Deutsche Bundesbank, Research Centre. [Downloadable!]
    2. Kalckreuth, Ulf von, 2008. "Panel estimation of state dependent adjustment when the target is unobserved," Discussion Paper Series 1: Economic Studies 2008,09, Deutsche Bundesbank, Research Centre. [Downloadable!]
    3. Marcela Eslava & John Haltiwanger & Adriana Kugler & Maurice Kugler, 2005. "Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants," IZA Discussion Papers 1751, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    4. Christian Bayer, 2004. "A closer look at the gap. A comment on Cooper and Willis' 'mind the gap' paper," Macroeconomics 0408010, EconWPA. [Downloadable!]

  26. Ricardo J. Caballero & Eduardo Engel, 2003. "Adjustment is Much Slower than You Think," NBER Working Papers 9898, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:

    Cited by:

    1. Jonathan Wadsworth, 2009. "Did the National Minimum Wage Affect UK Prices?," CEP Discussion Papers dp0947, Centre for Economic Performance, LSE. [Downloadable!]
    2. Jesus Fernandez-Villaverde & Juan F. Rubio-Ramirez & Thomas J. Sargent, 2005. "A, B, C’s (And D’s) For Understanding VARS," PIER Working Paper Archive 05-018, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania. [Downloadable!]
      Other versions:
    3. Filippo Altissimo & Benoît Mojon & Paolo Zaffaroni, 2007. "Fast micro und slow macro: can aggregation explain the persistence of inflation?," Working Paper Series 729, European Central Bank. [Downloadable!]
      Other versions:
    4. Xavier Gabaix, 2004. "Power laws and the origins of aggregate fluctuations," Econometric Society 2004 North American Summer Meetings 484, Econometric Society. [Downloadable!]
    5. Daniele Coen-Pirani, 2004. "Markups, Aggregation, and Inventory Adjustment," American Economic Review, American Economic Association, vol. 94(5), pages 1328-1353, December. [Downloadable!]
    6. Fougère, Denis & Gautier, Erwan & Le Bihan, Hervé, 2009. "Restaurant Prices and the Minimum Wage," IZA Discussion Papers 4070, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    7. Patrick Lünnemann & Thomas Y. Mathä, 2005. "Regulated and services’ prices and inflation persistence," Working Paper Series 466, European Central Bank. [Downloadable!]
    8. Rafal Raciborski, 2008. "Searching for additional sources of inflation persistence : the micro-price panel data approach," Research series 200804-04, National Bank of Belgium. [Downloadable!]
    9. Gita Gopinath & Roberto Rigobon, 2006. "Sticky Borders," NBER Working Papers 12095, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Christian Calmès & Raymond Théoret, 2008. "Banking Deregulation and Financial Stability : is it Time to re-regulate in Canada ?," RePAd Working Paper Series UQO-DSA-wp042008, Département des sciences administratives, UQO. [Downloadable!]
    11. Juan Pablo Medina & David Rappoport & Claudio Soto, 2007. "Dynamics of Price Adjustments: Evidence From Micro Level Data for Chile," Working Papers Central Bank of Chile 432, Central Bank of Chile. [Downloadable!]
      Other versions:
    12. Patrick Lünnemann & Thomas Y. Mathä, 2005. "Nominal rigidities and inflation persistence in Luxembourg: a comparison with EU 15 member countries with particular focus on services and regulated prices," BCL working papers 14, Central Bank of Luxembourg. [Downloadable!]
    13. Giovanni Caggiano & Efrem Castelnuovo, 2008. "Long Memory and Non-Linearities in International Inflation," "Marco Fanno" Working Papers 0076, Dipartimento di Scienze Economiche "Marco Fanno". [Downloadable!]
    14. Todd E. Clark, 2006. "Disaggregate evidence on the persistence of consumer price inflation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(5), pages 563-587. [Downloadable!]
      Other versions:

  27. Ricardo J. Caballero & Arvind Krishnamurthy, 2003. "Inflation Targeting and Sudden Stops," NBER Working Papers 9599, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Ricardo Caballero & Stavros Panageas, 2004. "Contingent reserves management: an applied framework," Working Papers 05-2, Federal Reserve Bank of Boston. [Downloadable!]
      Other versions:
    2. Jonathan Kearns & Ricardo J. Caballero & Kevin Cowan, 2004. "Fear of Sudden Stops: lessons from Australia and Chile," Econometric Society 2004 Latin American Meetings 185, Econometric Society. [Downloadable!]
      Other versions:
    3. Sebastian Edwards, 2006. "The Relationship Between Exchange Rates and Inflation Targeting Revisited," Working Papers Central Bank of Chile 409, Central Bank of Chile. [Downloadable!]
      Other versions:
    4. Javier Gómez, 2004. "Inflation Targeting and Sudden Stops," BORRADORES DE ECONOMIA 002854, BANCO DE LA REPÚBLICA. [Downloadable!]
    5. Frankel, Jeffrey & Smit, Ben & Sturzenegger, Federico, 2007. "South Africa: Macroeconomic Challenges after a Decade of Success," Working Paper Series rwp07-021, Harvard University, John F. Kennedy School of Government. [Downloadable!]
      Other versions:
    6. Michael Hutchison & Ilan Noy, 2004. "Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets," Santa Cruz Center for International Economics, Working Paper Series 1035, Center for International Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    7. Javier Gómez Pineda, 2004. "A Framework for Macroeconomic Stability in Emerging Market Economies," BORRADORES DE ECONOMIA 001915, BANCO DE LA REPÚBLICA. [Downloadable!]
    8. Vasco Cúrdia, 2008. "Optimal monetary policy under sudden stops," Staff Reports 323, Federal Reserve Bank of New York. [Downloadable!]
    9. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    10. Gilberto Libânio, 2008. "A Note on Inflation Targeting and Economic Growth in Brazil," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211614210, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    11. Javier Gómez Pineda, . "A Framework for Macroeconomic Stability in Emerging Market Economies," Borradores de Economia 320, Banco de la Republica de Colombia. [Downloadable!]
    12. Carsten Detken & Frank Smets, 2004. "Asset price booms and monetary policy," Working Paper Series 364, European Central Bank. [Downloadable!]
    13. Javier Gómez Pineda, . "Inflation Targeting, Sudden Stops and the Cost of Fear of Floating," Borradores de Economia 276, Banco de la Republica de Colombia. [Downloadable!]
    14. Vasco Curdia, 2007. "Monetary policy under sudden stops," Staff Reports 278, Federal Reserve Bank of New York. [Downloadable!]
      Other versions:
    15. Guillermo A. Calvo, 2006. "Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort," RES Working Papers 4504, Inter-American Development Bank, Research Department. [Downloadable!]

  28. Ricardo J. Caballero, 2003. "On the International Financial Architecture: Insuring Emerging Markets," NBER Working Papers 9570, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Laura Alfaro & Fabio Kanczuk, 2007. "Optimal Reserve Management and Sovereign Debt," NBER Working Papers 13216, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Fujiki, Hiroshi & Watanabe, Kiyoshi, 2003. "Effects of External Debt on Domestic Resource Allocation in a Small Open Economy with Limited Access to the World Capital Market," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 21(4), pages 21-56, December. [Downloadable!]
    3. Barry Eichengreen, 2006. "Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?," NBER Working Papers 12451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Michael Hutchison & Ilan Noy, 2004. "Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets," Santa Cruz Center for International Economics, Working Paper Series 1035, Center for International Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    5. Guillermo R. LeFort-Varela, 2005. "Capital Account Liberalization and the Real Exchange Rate in Chile," IMF Working Papers 05/132, International Monetary Fund. [Downloadable!]
    6. Joshua Aizenman, 2006. "International Reserves Management and the Current Account," NBER Working Papers 12734, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Joshua Aizenman & Daniel Riera-Crichton, 2006. "Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration," NBER Working Papers 12363, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  29. Ricardo J. Caballero & Stavros Panageas, 2003. "Hedging Sudden Stops and Precautionary Contractions," NBER Working Papers 9778, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Karlygash Kuralbayeva & David Vines, 2008. "Shocks to Terms of Trade and Risk-premium in an Intertemporal Model: The Dutch Disease and a Dutch Party," Open Economies Review, Springer, vol. 19(3), pages 277-303, July. [Downloadable!] (restricted)
    2. Ricardo J Caballero & Kevin Cowan & Jonathan Kearns, 2004. "Fear of Sudden Stops: Lessons from Australia and Chile," RBA Research Discussion Papers rdp2004-03, Reserve Bank of Australia. [Downloadable!]
      Other versions:
    3. Joshua Aizenman & Brian Pinto, 2004. "Managing Volatility and Crises: A Practitioner's Guide Overview," NBER Working Papers 10602, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Michael B Devereux, 2007. "Financial Globalization and Emerging Market Portfolios," IMES Discussion Paper Series 07-E-13, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
      Other versions:
    5. Olaberria, Eduardo & Rigolini, Jamele, 2009. "Managing East Asia's macroeconomic volatility," Policy Research Working Paper Series 4989, The World Bank. [Downloadable!]
    6. Tito Cordella & Eduardo Levy Yeyati, 2005. "A (New) Country Insurance Facility," IMF Working Papers 05/23, International Monetary Fund. [Downloadable!]
      Other versions:
    7. Yongsung Chang & Sun-Bin Kim & Jaewoo Lee, 2009. "Accounting for Global Dispersion of Current Accounts," RCER Working Papers 548, University of Rochester - Center for Economic Research (RCER). [Downloadable!]

  30. Ricardo J. Caballero & Arvind Krishnamurthy, 2002. "A Dual Liquidity Model for Emerging Markets," NBER Working Papers 8758, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Fernando M. Gonçalves & Márcio Holland & Andrei D. Spacov, 2005. "Can Jurisdictional Uncertainty And Capital Controls Explain The High Level Of Real Interest Rates In Brazil? Evidence From Panel Data," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 028, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
      Other versions:
    2. Claessens, Stijn & Schmukler, Sergio, 2007. "International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global?," CEPR Discussion Papers 6137, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    3. Olivier Blanchard, 2004. "Fiscal Dominance and Inflation Targeting: Lessons from Brazil," NBER Working Papers 10389, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Guillermo Calvo, 2007. "Crises in Emerging Market Economies: A Global Perspective," Working Papers Central Bank of Chile 441, Central Bank of Chile. [Downloadable!]
    5. Márcio G. P. Garcia, 2002. "Brazil in the 21st century: How to escape the high real interest trap?," Textos para discussão 466, Department of Economics PUC-Rio (Brazil). [Downloadable!]
    6. Ana Fostel & Graciela Laura Kaminsky, 2007. "Latin America's Access to International Capital Markets: Good Behavior or Global Liquidity?," NBER Working Papers 13194, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    7. Xavier Gabaix & Arvind Krishnamurthy & Olivier Vigneron, 2005. "Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market," NBER Working Papers 11851, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    8. Michael Hutchison & Ilan Noy, 2004. "Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets," Santa Cruz Center for International Economics, Working Paper Series 1035, Center for International Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    9. Kevin Cowan & Sebastián Edwards & Rodrigo Valdés, 2007. "Current Account and External Financing: An Introduction," Working Papers Central Bank of Chile 439, Central Bank of Chile. [Downloadable!]
    10. Filippo Taddei, 2007. "Liquidity and the Allocation of Credit: Business Cycle, Government Debt and Financial Arrangements," Carlo Alberto Notebooks 65, Collegio Carlo Alberto. [Downloadable!]
    11. Aysan, Ahmet Faruk & Nabli, Mustapha Kamel & Veganzones-Varoudakis, Marie-Ange, 2006. "Governance and private investment in the Middle East and North Africa," Policy Research Working Paper Series 3934, The World Bank. [Downloadable!]
      Other versions:
    12. Alain Ize & Eduardo Levy Yeyati, 2005. "Financial De-Dollarization: Is It for Real?," IMF Working Papers 05/187, International Monetary Fund. [Downloadable!]
      Other versions:
    13. Ana Fostel & Graciela Kaminsk, 2007. "Latin America's Access to International Capital Markets: Good Behavior or Global Liquidity?," Working Papers Central Bank of Chile 442, Central Bank of Chile. [Downloadable!]
    14. Michael M. Hutchison & Ilan Noy & Lidan Wang, 2007. "Fiscal and Monetary Policies and the Cost of Sudden Stops," Working Papers 200724, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
    15. Elias Papaioannou, 2004. "International Bank Flows:Determinants and Institutional Role," Money Macro and Finance (MMF) Research Group Conference 2004 28, Money Macro and Finance Research Group. [Downloadable!]

  31. Ricardo J. Caballero & Mohamad L. Hammour, 2002. "Speculative Growth," NBER Working Papers 9381, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Tuomas A. Peltonen & Ricardo M. Sousa & Isabel S. Vansteenkiste, 2009. "Fundamentals, Financial Factors and The Dynamics of Investment in Emerging Markets," NIPE Working Papers 19/2009, NIPE - Universidade do Minho. [Downloadable!]
    2. Paul Beaudry & Franck Portier, 2004. "Stock Prices, News and Economic Fluctuations," NBER Working Papers 10548, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Aart Kraay & Jaume Ventura, 2005. "The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account," NBER Working Papers 11543, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Kevin L. Kliesen, 2003. "The 2001 recession: how was it different and what developments may have caused it?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 23-38. [Downloadable!]
    5. Olivier Blanchard & Francesco Giavazzi & Filipa Sa, 2005. "The U.S. Current Account and the Dollar," NBER Working Papers 11137, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Hian Teck Hoon & Edmund S. Phelps, 2006. "Effects of Technological Improvement in the Ict-Producing Sector on Business Activity," Discussion Papers 0506-21, Columbia University, Department of Economics. [Downloadable!]
    7. Michael Stolpe, 2004. "Non-Market Interaction in Primary Equity Markets: Evidence from France and Germany," Kiel Working Papers 1211, Kiel Institute for the World Economy. [Downloadable!]
    8. Hoon Hian Teck & Edmund S. Phelps, 2006. "ICT-Producing Sector on Business Activity," Working Papers 07-2006, Singapore Management University, School of Economics. [Downloadable!]
    9. Anton Burger & Martin Zagler, 2007. "Reasons for the U.S. growth period in the nineties: non-keynesian effects, asset wealth and productivity," Department of Economics Working Papers wuwp095, Vienna University of Economics and B.A., Department of Economics. [Downloadable!]
    10. Xiao, Wei, 2003. "Explaining speculative expansions," Working Papers 2003-02, University of New Orleans, Department of Economics and Finance. [Downloadable!]
      Other versions:
    11. Anton Burger & Martin Zagler, 2008. "US growth and budget consolidation in the 1990s: was there a non-Keynesian effect?," International Economics and Economic Policy, Springer, vol. 5(1), pages 225-235, July. [Downloadable!] (restricted)
    12. Arce, Oscar & López-Salido, J David, 2006. "House Prices, Rents and Interest Rates Under Collateral Constraints," CEPR Discussion Papers 5689, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    13. Franz R. Hahn, . "Finance and the Business Cycle. The Ricardian Perspective," WIFO Working Papers 209, WIFO. [Downloadable!]

  32. Ricardo J. Caballero, 2002. "Coping with Chile’s External Vulnerability: A Financial Problem," Working Papers Central Bank of Chile 154, Central Bank of Chile. [Downloadable!]
    Published as:

    Cited by:

    1. Vittorio Corbo, 2002. "Another Look at Exhange Rate and Monetary Regime Options for Latin America," Documentos de Trabajo 228, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
    2. Jonathan Kearns & Ricardo J. Caballero & Kevin Cowan, 2004. "Fear of Sudden Stops: lessons from Australia and Chile," Econometric Society 2004 Latin American Meetings 185, Econometric Society. [Downloadable!]
      Other versions:
    3. Vittorio Corbo & José A. Tessada, 2003. "Growth and Adjustment in Chile: a Look at the 1990s," Working Papers Central Bank of Chile 204, Central Bank of Chile. [Downloadable!]
    4. Jeanne, Olivier, 2003. "Why Do Emerging Economies Borrow in Foreign Currency?," CEPR Discussion Papers 4030, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    5. Robert J. Shiller, 2004. "Radical Financial Innovation," Cowles Foundation Discussion Papers 1461, Cowles Foundation, Yale University. [Downloadable!]
    6. Daniel Esteban Osorio Rodríguez & Mauricio Avella Gómez, 2005. "The Ciclical Behavior Of External Indebtedness: The Case Of Foreign And Domestic Banks In Colombia," BORRADORES DE ECONOMIA 003571, BANCO DE LA REPÚBLICA. [Downloadable!]
    7. C. Bora Durdu, 2006. "Are Indexed Bonds a Remedy for Sudden Stops?," Computing in Economics and Finance 2006 11, Society for Computational Economics. [Downloadable!]
    8. Susanne Kruse & Matthias Meitner & Michael Schröder, 2005. "On the pricing of GDP-linked financial products," Applied Financial Economics, Taylor and Francis Journals, vol. 15(16), pages 1125-1133, November. [Downloadable!] (restricted)
    9. Barry Eichengreen, 2006. "Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?," NBER Working Papers 12451, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Kenneth Kletzer, 2005. "Sovereign debt, volatility, and insurance," Working Paper Series 2006-05, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    11. Daniel Esteban Osorio Rodíguez & Mauricio Avella Gómez, . "The Cyclical Behavior of External Indebtedness: The Case of Foreign and Domestic Banks in Colombia," Borradores de Economia 345, Banco de la Republica de Colombia. [Downloadable!]
    12. Hnatkovska, Viktoria & Loayza, Norman, 2004. "Volatility and growth," Policy Research Working Paper Series 3184, The World Bank. [Downloadable!]
    13. Alejandro Izquierdo & Ernesto Talvi & Guillermo A. Calvo, 2002. "Paradas repentinas, tipo de cambio real y viabilidad fiscal: enseñanzas de Argentina," RES Working Papers 4300, Inter-American Development Bank, Research Department. [Downloadable!]
    14. Alejandro Izquierdo & Ernesto Talvi & Guillermo A. Calvo, 2002. "Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons," RES Working Papers 4299, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    15. Jaime Guajardo, 2004. "Financial Frictions and Business Cycles in Developing Countries," Econometric Society 2004 Latin American Meetings 307, Econometric Society. [Downloadable!]
    16. Vittorio Corbo, 2002. "Exchange Rate Regimes in the Americas: Is Dollarization the Solution?," Documentos de Trabajo 229, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
    17. Arturo Galindo & Alejandro Micco & César Manuel Serra, 2003. "Más vale malo conocido: elementos de juicio sobre los costos de ingreso que encaran los bancos extranjeros," RES Working Papers 4314, Inter-American Development Bank, Research Department. [Downloadable!]
    18. Ceyhun Bora Durdu, 2007. "Quantitative implications of indexed bonds in small open economies," International Finance Discussion Papers 909, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    19. Felipe Larraín & Se Kyu Choi-Ha, 2003. "Recesiones, Apertura y Régimen Cambiario," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 40(121), pages 668-678. [Downloadable!]
    20. Alejandro Micco & Ugo Panizza, 2005. "Bank Concentration and Credit Volatility," Working Papers Central Bank of Chile 342, Central Bank of Chile. [Downloadable!]

  33. Ricardo J. Caballero & Mohamad L. Hammour, 2001. "Institutions, Restructuring and Macroeconomic Performance," DELTA Working Papers 2001-03, DELTA (Ecole normale supérieure).
    Other versions:

    Cited by:

    1. J. David Brown & John Earle, 2004. "Economic Reforms and Productivity-Enhancing Reallocation in the Post-Soviet Transition," CERT Discussion Papers 0404, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
      Other versions:
    2. J. David Brown & John S. Earle, 2002. "Job Reallocation and Productivity Growth under Alternative Economic Systems and Policies: Evidence from the Soviet Transition," William Davidson Institute Working Papers Series 514, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    3. Brown, J David & Earle, John S, 2001. "Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?," CEPR Discussion Papers 2951, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    4. Haltiwanger, John & Vodopivec, Milan, 2002. "Worker Flows, Job Flows and Firm Wage Policies: An Analysis of Slovenia," IZA Discussion Papers 569, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    5. J. David Brown & John Earle, 2004. "Job Reallocation and Productivity Growth in the Ukrainian Transition," CERT Discussion Papers 0407, Centre for Economic Reform and Transformation, Heriot Watt University. [Downloadable!]
      Other versions:
    6. Maxim Bouev, 2004. "Diverging Paths: Transition in the Presence of the Informal Sector," William Davidson Institute Working Papers Series 2004-689, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    7. Mariano Tommasi & Silvana Tenreyro, 2001. "Comments on Dani Rodrik's "Why Is There So Much Economic Insecurity in Latin America?"," Working Papers 28, Universidad de San Andres, Departamento de Economia, revised Mar 2001. [Downloadable!]
    8. Hannu Piekkola & Petri Böckerman, 2002. "On Whom Falls the Burden of Restructuring? Evidence from Finland," Discussion Papers 714, The Research Institute of the Finnish Economy. [Downloadable!]

  34. Ricardo J. Caballero & Arvind Krishnamurthy, 2001. "International Liquidity Illusion: On the Risks of Sterilization," NBER Working Papers 8141, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Risto Herrala, 2004. "The rigidity bias," Finance 0404019, EconWPA. [Downloadable!]
    2. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2004. "The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap," NBER Working Papers 10727, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    4. Broner, Fernando A. & Lorenzoni, Guido & Schmukler, Sergio L., 2004. "Why do emerging economies borrow short term?," Policy Research Working Paper Series 3389, The World Bank. [Downloadable!]
      Other versions:
    5. Antonio Bernardo & Ivo Welch, 2002. "Financial Market Runs," University of California at Los Angeles, Anderson Graduate School of Management 1043, Anderson Graduate School of Management, UCLA. [Downloadable!]
      Other versions:

  35. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Lawrence J. Christiano & Christopher Gust & Jorge Roldos, 2002. "Monetary Policy in a Financial Crisis," NBER Working Papers 9005, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Leonardo Villar Gómez & David M. Salamanca Rojas, . "Un Modelo Teórico sobre Crédito, Represión Financiera y Flujos de Capital," Borradores de Economia 323, Banco de la Republica de Colombia. [Downloadable!]
    3. Emmanuel Farhi & Mikhail Golosov & Aleh Tsyvinski, 2007. "A Theory of Liquidity and Regulation of Financial Intermediation," NBER Working Papers 12959, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Leonardo Villar Gómez & David M. Salamanca Rojas, 2005. "Un Modelo Teórico Sobre Crédito, Represión Financiera Y Flujos De Capital," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE. [Downloadable!]
    5. Sebastián Claro, 2005. "Understanding International Differences in Trade and Capital Market Integration," Documentos de Trabajo 285, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
    6. Carlos Esteban Posada Posada & Wilman Gómez, 2004. "Un choque del activo externo neto y el ciclo económico Colombiano 1994-2001," BORRADORES DE ECONOMIA 003674, BANCO DE LA REPÚBLICA. [Downloadable!]
    7. Graciela L. Kaminsky & Carmen Reinhart & Carlos A. Vegh, 2003. "The Unholy Trinity of Financial Contagion," NBER Working Papers 10061, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    8. Michael Hutchison & Ilan Noy, 2004. "Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets," Santa Cruz Center for International Economics, Working Paper Series 1035, Center for International Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    9. Sebastian Edwards, 2007. "Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability," NBER Working Papers 12852, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Leonardo Villar Gómez & David Salamanca Rojas, 2005. "Un Modelo Teórico Sobre Crédito, Represión Financiera Y Flujos De Capital," BORRADORES DE ECONOMIA 003688, BANCO DE LA REPÚBLICA. [Downloadable!]
    11. Ricardo Caballero & Arvind Krishnamurthy, 2001. "A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems," NBER Working Papers 8428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Wilman Gómez & Carlos Esteban Posada, . "Un "Choque" del Activo Externo Neto y el Ciclo Económico Colombiano," Borradores de Economia 285, Banco de la Republica de Colombia. [Downloadable!]
    13. Samuel Malone, 2005. "Managing Default Risk for Commodity Dependent Countries: Price Hedging in an Optimizing Model," Economics Series Working Papers 246, University of Oxford, Department of Economics. [Downloadable!]
    14. Michael M. Hutchison & Ilan Noy & Lidan Wang, 2007. "Fiscal and Monetary Policies and the Cost of Sudden Stops," Working Papers 200724, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
    15. Arvind Krishnamurthy, 2009. "Amplification Mechanisms in Liquidity Crises," NBER Working Papers 15040, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    16. Ricardo J. Caballero & Guido Lorenzoni, 2007. "Persistent Appreciations and Overshooting: A Normative Analysis," NBER Working Papers 13077, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  36. Ricardo Caballero & Arvind Krishnamurthy, 2001. "A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems," NBER Working Papers 8428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Pelin Berkmen & Eduardo E. Cavallo, 2007. "Exchange Rate Policy and Liability Dollarization: An Empirical Study," IMF Working Papers 07/33, International Monetary Fund. [Downloadable!]
    2. Devereux, Michael B & Lane, Philip R., 2002. "Understanding Bilateral Exchange Rate Volatility," CEPR Discussion Papers 3518, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    3. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    4. Andrew Berg & Eduardo Borensztein, & Paolo Mauro, 2002. "An Evaluation of Monetary Regime Options for Latin America," Working Papers 67, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
      Other versions:
    5. Eduardo J. J. Ganapolsky, 2004. "Optimal Fear of Floating: The Role of Currency Mismatches and Fiscal Constraints," Econometric Society 2004 Latin American Meetings 85, Econometric Society. [Downloadable!]
    6. Bersch, Julia & Klüh, Ulrich H., 2007. "When countries do not do what they say: Systematic discrepancies between exchange rate regime announcements and de facto policies," Discussion Papers in Economics 2072, University of Munich, Department of Economics. [Downloadable!]
    7. Eduardo J.J. Ganapolsky, 2003. "Optimal fear of floating: the role of currency mismatches and fiscal constraints," Working Paper 2003-31, Federal Reserve Bank of Atlanta. [Downloadable!]
    8. Pablo García & Claudio Soto, 2004. "Large Hoardings of International Reserves: Are They Worth It?," Working Papers Central Bank of Chile 299, Central Bank of Chile. [Downloadable!]

  37. Ricardo J. Caballero & Mohamad L. Hammour, 2001. "Creative Destruction and Development : Institutions, Crises and Restructuring," DELTA Working Papers 2001-04, DELTA (Ecole normale supérieure).
    Other versions:

    Cited by:

    1. Ricardo J. Caballero & Kevin N. Cowan & Eduardo M.R.A. Engel & Alejandro Micco, 2004. "Effective Labor Regulation and Microeconomic Flexibility," Cowles Foundation Discussion Papers 1480, Cowles Foundation, Yale University, revised Oct 2006. [Downloadable!]
      Other versions:
    2. John E. Jackson & Jacek Klich & Krystyna Poznanska, 2001. "Economic Transition and Elections in Poland," William Davidson Institute Working Papers Series 391, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    3. Kevin Cowan, Alejandro Neut, 2007. "Intermediate Goods, Institutions and Output per Worker," Working Papers Central Bank of Chile 420, Central Bank of Chile. [Downloadable!]
    4. Ramirez-Rondán Nelson, 2007. "Nonlinear Volatility Effects on Growth in Developing Economies," Working Papers 2007-016, Banco Central de Reserva del Perú. [Downloadable!]
    5. Bartelsman, Eric & Haltiwanger, John & Scarpetta, Stefano, 2004. "Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries," IZA Discussion Papers 1374, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    6. Arvind Virmani, 2004. "Economic reforms: Policy and institutions some lessons from Indian reforms," Indian Council for Research on International Economic Relations, New Delhi Working Papers 121, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
    7. Stepan Jurajda & Katherine Terrell, 2002. "Job Growth in Early Transition: Comparing Two Paths," CERGE-EI Working Papers wp201, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
      Other versions:
    8. Lucia Foster, 2006. "Reallocation and Productivity Dynamics in the Appalachian Region," Working Papers 06-03, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
    9. Maxim Bouev, 2004. "Diverging Paths: Transition in the Presence of the Informal Sector," William Davidson Institute Working Papers Series 2004-689, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    10. Pasi Huovinen & Hannu Piekkola, 2001. "Unemployment and Early Retirements of the Aged Workers in Finland," Discussion Papers 750, The Research Institute of the Finnish Economy. [Downloadable!]
    11. Laura Valkonen, 2006. "Deregulation as a Means to Increase Competition and Productivity," Discussion Papers 1014, The Research Institute of the Finnish Economy. [Downloadable!]
    12. Mika Maliranta, 2001. "Productivity Growth and Micro-level Restructuring. Finnish experiences during the turbulent decades," Discussion Papers 757, The Research Institute of the Finnish Economy. [Downloadable!]
    13. Jean-Philippe Cotis & Jonathan Coppel, 2005. "Business Cycle Dynamics in OECD Countries: Evidence, Causes and Policy Implications," RBA Annual Conference Volume, in: Christopher Kent & David Norman (ed.), The Changing Nature of the Business Cycle Reserve Bank of Australia. [Downloadable!]
    14. Murat Iyigun & Dani Rodrik, 2004. "On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Entrepreneurship," NBER Working Papers 10455, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Imbs, Jean, 2002. "Why the Link Between Volatility and Growth is Both Positive and Negative," CEPR Discussion Papers 3561, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    16. Ricardo J. Caballero & Eduardo M.R.A. Engel & Alejandro Micco, 2004. "Microeconomic Flexibility in Latin America," Working Papers 884, Economic Growth Center, Yale University. [Downloadable!]
      Other versions:
    17. Mika Maliranta, 2002. "From R&D to Productivity Through Micro-Level Restructuring," Discussion Papers 795, The Research Institute of the Finnish Economy. [Downloadable!]
    18. HOSONO Kaoru, 2009. "Financial Crisis, Firm Dynamics and Aggregate Productivity in Japan," Discussion papers 09012, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]

  38. Ricardo J. Caballero, 2000. "Structural Volatility in Mexico: A Policy Report," RES Working Papers 4209, Inter-American Development Bank, Research Department. [Downloadable!]

    Cited by:

    1. Ricardo J.Caballero, 2001. "Macroeconomic volatility in Latin America: a view and three case studies," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 5-52, June. [Downloadable!]
      Other versions:
    2. Ricardo J. Caballero, 2000. "Structural Volatility in Chile: A Policy Report," RES Working Papers 4211, Inter-American Development Bank, Research Department. [Downloadable!]
    3. Ricardo J. Caballero, 2000. "Inestabilidad estructural en Chile: informe de políticas," RES Working Papers 4212, Inter-American Development Bank, Research Department. [Downloadable!]

  39. Ricardo J. Caballero, 2000. "Structural Volatility in Chile: A Policy Report," RES Working Papers 4211, Inter-American Development Bank, Research Department. [Downloadable!]

    Cited by:

    1. Christian A. Johnson, 2000. "Un Modelo de Intervención Cambiaria," Working Papers Central Bank of Chile 90, Central Bank of Chile. [Downloadable!]
    2. Ricardo J. Caballero, 2000. "Inestabilidad estructural en Argentina: un informe de políticas," RES Working Papers 4214, Inter-American Development Bank, Research Department. [Downloadable!]
    3. Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," RES Working Papers 4213, Inter-American Development Bank, Research Department. [Downloadable!]
    4. Chang-Tai Hsieh & Jonathan A. Parker, 2006. "Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom," NBER Working Papers 12104, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Ricardo Caballero G, 2002. "Coping With Chile’s External Vulnerability: A Financial Problem," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 5(1), pages 11-36, April. [Downloadable!]
      Other versions:
    6. Francisco Gallego & Norman Loayza, 2000. "Financial Structure in Chile: Macroeconomic Developments and Microeconomic Effects," Working Papers Central Bank of Chile 75, Central Bank of Chile. [Downloadable!]
      Other versions:

  40. Ricardo J. Caballero & Arvind Krishnamurthy, 2000. "International Liquidity Management: Sterilization Policy in Illiquid Financial Markets," Econometric Society World Congress 2000 Contributed Papers 1700, Econometric Society. [Downloadable!]
    Other versions:

    Cited by:

    1. Raghuram G. Rajan, 2004. "Dollar Shortages and Crises," NBER Working Papers 10845, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Ricardo J.Caballero, 2001. "Macroeconomic volatility in Latin America: a view and three case studies," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 5-52, June. [Downloadable!]
      Other versions:
    4. Pablo García & Claudio Soto, 2004. "Large Hoardings of International Reserves: Are They Worth It?," Working Papers Central Bank of Chile 299, Central Bank of Chile. [Downloadable!]
    5. Ricardo Caballero & Arvind Krishnamurthy, 2001. "A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems," NBER Working Papers 8428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Robert Waldmann, 2001. "Dollarization Of Liabilities And The Value Of Collatera," Departmental Working Papers 137, Tor Vergata University, CEIS. [Downloadable!]
    7. M S Mohanty & Philip Turner, 2005. "Intervention: what are the domestic consequences?," BIS Papers chapters, in: Bank for International Settlements (ed.), Foreign exchange market intervention in emerging markets: motives, techniques and implications, volume 24, pages 56-81 Bank for International Settlements. [Downloadable!]
    8. Ricardo Caballero & Arvind Krishnamurthy, 2000. "International and Domestic Collateral Constraints in a Model of Emerging Market Crises," NBER Working Papers 7971, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Fernando Aportela & Francisco Gallego & Pablo García, 2003. "Reserves Over the Transitions to Floating and to Inflation Targeting: Lessons From the Developed World," Working Papers Central Bank of Chile 211, Central Bank of Chile. [Downloadable!]
    10. Ricardo J. Caballero & Arvind Krishnamurthy, 2001. "International Liquidity Illusion: On the Risks of Sterilization," NBER Working Papers 8141, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    11. Douglas W. Diamond & Raghuram G. Rajan, 2002. "Liquidity Shortages and Banking Crises," NBER Working Papers 8937, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Ricardo J. Caballero & Arvind Krishnamurthy, 2000. "Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment," NBER Working Papers 7792, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  41. Ricardo Caballero & Arvind Krishnamurthy, 2000. "International and Domestic Collateral Constraints in a Model of Emerging Market Crises," NBER Working Papers 7971, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Ricardo J. Caballero & Arvind Krishnamurthy, 2002. "A Dual Liquidity Model for Emerging Markets," American Economic Review, American Economic Association, vol. 92(2), pages 33-37, May. [Downloadable!]
      Other versions:
    2. Aaron Tornell & Frank Westermann & Lorenza Martinez, 2004. "The Positive Link Between Financial Liberalization, Growth and Crises," NBER Working Papers 10293, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Raddatz, Claudio, 2003. "Liquidity needs and vulnerability to financial udnerdevelopment," Policy Research Working Paper Series 3161, The World Bank. [Downloadable!]
      Other versions:
    4. Philippe Aghion & Philippe Bacchetta & Abhijit Banerjee, 2001. "A Corporate Balance-Sheet Approach to Currency Crises," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 01.14, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
      Other versions:
    5. Ahmet Faruk Aysan & G. Pang & M-A Veganzones-Varoudakis, 2006. "Uncertainty, Economic Reforms and Private Investment in the Middle East and North Africa," Working Papers 2006/07, Bogazici University, Department of Economics. [Downloadable!]
      Other versions:
    6. Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics. [Downloadable!]
    7. Hernán Rincón, 2007. "Financial Globalization, Economic Growth, and Macroeconomic Volatility," BORRADORES DE ECONOMIA 002721, BANCO DE LA REPÚBLICA. [Downloadable!]
      Other versions:
    8. Aaron Tornell & Frank Westermann, 2003. "The Credit Channel in Middle Income Countries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    9. Cristina Arellano & Narayana Kocherlakota, 2008. "Internal Debt Crises and Sovereign Defaults," Levine's Bibliography 122247000000001880, UCLA Department of Economics. [Downloadable!]
      Other versions:
    10. Ricardo J. Caballero & Arvind Krishnamurthy, 2005. "Bubbles and Capital Flow Volatility: Causes and Risk Management," NBER Working Papers 11618, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    11. Rodrigo Caputo & Felipe Liendo & Juan Pablo Medina, 2006. "New Keynesian Models For Chile During the Inflation Targeting Regime: A Structural Approach," Working Papers Central Bank of Chile 402, Central Bank of Chile. [Downloadable!]
      Other versions:
    12. Eozenou, Patrick, 2008. "Financial Integration and Macroeconomic Volatility: Does Financial Development Matter?," MPRA Paper 12738, University Library of Munich, Germany. [Downloadable!]
    13. Aart Kraay & Norman Loayza & Luis Servén & Jaume Ventura, 2000. "Country portfolios," Economics Working Papers 913, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
      Other versions:
    14. Ayhan Kose & Marco E. Terrones & Eswar Prasad, 2004. "How do trade and financial integration affect the relationship between growth and volatility?," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. [Downloadable!]
      Other versions:
    15. Garrick Blalock & Paul Gertler & David I. Levine, 2005. "Financial Constraints on Investment in an Emerging Market Crisis: An Empirical Investigation of Foreign Ownership," Center for International and Development Economics Research, Working Paper Series 1064, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    16. Sangeeta Pratap & Carlos Urrutia, 2004. "Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994," Working Papers 0406, Centro de Investigacion Economica, ITAM. [Downloadable!]
      Other versions:
    17. Ana Fostel & John Geanakoplos, 2004. "Collateral Restrictions and Liquidity Under-Supply: A Simple Model," Cowles Foundation Discussion Papers 1468R, Cowles Foundation, Yale University, revised Aug 2006. [Downloadable!]
    18. Joshua Aizenman, 2004. "Financial Opening: Evidence and Policy Options," NBER Chapters, in: Challenges to Globalization: Analyzing the Economics, pages 473-498 National Bureau of Economic Research, Inc. [Downloadable!]
      Other versions:
    19. Ceyhun Bora Durdu & Enrique G. Mendoza, 2006. "Are Asset Price Guarantees Useful for Preventing Sudden Stops? A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," IMF Working Papers 06/73, International Monetary Fund. [Downloadable!]
      Other versions:
    20. Kharroubi, E., 2006. "Financial (Dis)Integration," Documents de Travail 149, Banque de France. [Downloadable!]
    21. Klingebiel, Daniela & Kroszner, Randall S & Laeven, Luc, 2006. "Banking Crises, Financial Dependence and Growth," CEPR Discussion Papers 5623, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    22. Tuomas Takalo & Otto Toivanen, 2004. "Equilibrium in financial markets with adverse selection," Finance 0405001, EconWPA. [Downloadable!]
      Other versions:
    23. Claessens, Stijn & Schmukler, Sergio, 2007. "International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global?," CEPR Discussion Papers 6137, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    24. Aaron Tornell, 2002. "The Credit Channel in Middle Income Countries (October 2002), with Frank Westermann," UCLA Economics Online Papers 216, UCLA Department of Economics. [Downloadable!]
    25. Philippe Martin & Helene Rey, 2002. "Financial Globalization and Emerging Markets: With or Without Crash?," NBER Working Papers 9288, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    26. Juan Cordoba & Marla Ripoll, 2002. "Credit Cycles Redux," Macroeconomics 0210004, EconWPA. [Downloadable!]
      Other versions:
      • Cordoba, Juan & Ripoll, Marla, 2002. "Credit Cycles Redux," Working Papers 2002-07, Rice University, Department of Economics. [Downloadable!]
      • Juan-Carlos Cordoba & Marla Ripoll, 2004. "Credit Cycles Redux," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(4), pages 1011-1046, November. [Downloadable!] (restricted)
    27. Mark M. Spiegel, 2008. "Financial globalization and monetary policy discipline," Working Paper Series 2008-10, Federal Reserve Bank of San Francisco. [Downloadable!]
    28. Humberto Mora & Hernán Rincón, . "Capital Account Controls, Bank’s Efficiency, Growth and Macroeconomic Volatility in the FLAR’s Member Countries?," Borradores de Economia 364, Banco de la Republica de Colombia. [Downloadable!]
    29. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    30. Martín Uribe, 2006. "Individual Versus Aggregate Collateral Constraints and the Overborrowing Syndrome," NBER Working Papers 12260, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    31. Burstein, Ariel Tomas & Neves, Joao C & Rebelo, Sérgio, 2004. "Investment Prices and Exchange Rates: Some Basic Facts," CEPR Discussion Papers 4290, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    32. Ricardo Caballero & Arvind Krishnamurthy, 2004. "Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective," NBER Working Papers 10517, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    33. Diemo Dietrich, 2002. "Investment Behaviour of Financially Constrained Multinational Corporations: Consequences for the International Transmission of Business Cycle Fluctuations," IWH Discussion Papers 165, Halle Institute for Economic Research. [Downloadable!]
    34. Abbas Mirakhor & Iqbal Mehdi Zaidi, 2004. "Foreign Currency Deposits and International Liquidity Shortages in Pakistan," IMF Working Papers 04/167, International Monetary Fund. [Downloadable!]
    35. Rose, Andrew K & Spiegel, Mark, 2007. "International Financial Remoteness and Macroeconomic Volatility," CEPR Discussion Papers 6301, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    36. Abbas Mirakhor & Iqbal Zaidi, 2006. "Foreign Currency Deposits and International Liquidity Shortages in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(1), pages 49-85. [Downloadable!]
    37. Ariel Burstein & Martin Eichenbaum & Sergio Rebelo, 2005. "Modeling Exchange Rate Passthrough After Large Devaluations," RCER Working Papers 514, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
      Other versions:
    38. C. Bora Durdu, 2006. "Are Indexed Bonds a Remedy for Sudden Stops?," Computing in Economics and Finance 2006 11, Society for Computational Economics. [Downloadable!]
    39. Emine Boz, 2006. "Can Miracles Lead to Crises? An Informational Frictions Explanation of Emerging Markets Crises," Computing in Economics and Finance 2006 19, Society for Computational Economics. [Downloadable!]
    40. Cristina Arellano & Enrique Mendoza, 2002. "Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises," RES Working Papers 4307, Inter-American Development Bank, Research Department. [Downloadable!]
      Other versions:
    41. Fabio Braggion & Lawrence J. Christiano & Jorge Roldos, 2007. "Optimal Monetary Policy in a 'Sudden Stop'," NBER Working Papers 13254, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    42. Nicola Gennaioli & Alberto Martin & Stefano Rossi, 2009. "Institutions, Public Debt and Foreign Finance," Economics Working Papers 1170, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
    43. Pritha Mitra, 2006. "Post-Crisis Recovery: When Does Increased Fiscal Discipline Work?," IMF Working Papers 06/219, International Monetary Fund. [Downloadable!]
    44. Borja Larrain, 2004. "Financial development, financial constraints, and the volatility of industrial output," Public Policy Discussion Paper 04-6, Federal Reserve Bank of Boston. [Downloadable!]
    45. Kosuke Aoki & Gianluca Benigno & Nobuhiro Kiyotaki, 2009. "Capital Flows and Asset Prices," CEP Discussion Papers dp0921, Centre for Economic Performance, LSE. [Downloadable!]
    46. Ana Fostel & John Geanakoplos, 2008. "Collateral restrictions and liquidity under-supply: a simple model," Economic Theory, Springer, vol. 35(3), pages 441-467, June. [Downloadable!] (restricted)
    47. Guido Lorenzoni, 2007. "Inefficient Credit Booms," NBER Working Papers 13639, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    48. Jürgen von Hagen & Haiping Zhang, 2006. "Financial Liberalization in a Small Open Economy," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    49. Enrique G. Mendoza & Katherine A. Smith, 2004. "Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices," NBER Working Papers 10940, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    50. Xavier Gabaix & Arvind Krishnamurthy & Olivier Vigneron, 2005. "Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market," NBER Working Papers 11851, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    51. Joshua Aizenman & Menzie D. Chinn & Hiro Ito, 2008. "Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time," NBER Working Papers 14533, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    52. Ricardo J. Caballero & Arvind Krishnamurthy, 2004. "Inflation Targeting and Sudden Stops," NBER Chapters, in: The Inflation-Targeting Debate, pages 423-446 National Bureau of Economic Research, Inc. [Downloadable!]
      Other versions:
    53. Kharroubi, E., 2008. "Domestic Savings and Foreign Capital: the Complementarity Channel," Documents de Travail 212, Banque de France. [Downloadable!]
    54. Partha Sen, 2007. "Capital Inflows, Financial Repression and Macroeconomic Policy in India since the Reforms," Working Papers id:1230, esocialsciences.com. [Downloadable!]
      Other versions:
    55. Emine Boz, 2007. "Can Miracles Lead to Crises? The Role of Optimism in Emerging Markets Crises," IMF Working Papers 07/223, International Monetary Fund. [Downloadable!]
    56. Morón, Eduardo & Winkelried, Diego, 2002. "Reglas de política monetaria para economías financieramente vulnerables," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 8, pages 49-76. [Downloadable!]
    57. Cristina Arellano & Enrique Mendoza, 2002. "Fricciones crediticias y 'paradas repentinas' en pequeñas economías abiertas: un marco de equilibrio del ciclo económico para crisis en mercados emergentes," RES Working Papers 4308, Inter-American Development Bank, Research Department. [Downloadable!]
    58. Ricardo J. Caballero & Stavros Panageas, 2003. "Hedging Sudden Stops and Precautionary Contractions," NBER Working Papers 9778, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    59. Aaron Tornell, 2003. "Liberalization, Growth and Financial Crises (October 2003)," UCLA Economics Online Papers 276, UCLA Department of Economics. [Downloadable!]
    60. Dima Bogda & Pirtea Marilen & Murgea Aurora & Mura Petru Ovidiu, 2008. "Recent Changes On Romanian Capital Market’S Volatility In The Framework Of A Component Garch Model," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 25. [Downloadable!]
    61. Diemo Dietrich, 2003. "Investment Behaviour of Financially Constrained Multinational," Macroeconomics 0309008, EconWPA. [Downloadable!]
    62. Mihir A. Desai & C. Fritz Foley & Kristin J. Forbes, 2004. "Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises," NBER Working Papers 10545, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    63. Diego Valderrama & Mark M. Spiegel, 2003. "Currency boards, dollarized liabilities, and monetary policy credibility," Working Papers in Applied Economic Theory 2003-07, Federal Reserve Bank of San Francisco. [Downloadable!]
      Other versions:
    64. Ricardo Caballero & Arvind Krishnamurthy, 2001. "A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems," NBER Working Papers 8428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    65. Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    66. Ricardo Caballero G, 2002. "Coping With Chile’s External Vulnerability: A Financial Problem," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 5(1), pages 11-36, April. [Downloadable!]
      Other versions:
    67. Filippo Taddei, 2007. "Liquidity and the Allocation of Credit: Business Cycle, Government Debt and Financial Arrangements," Carlo Alberto Notebooks 65, Collegio Carlo Alberto. [Downloadable!]
    68. Ricardo Caballero & Stavros Panageas, 2005. "A Quantitative Model of Sudden Stops and External Liquidity Management," NBER Working Papers 11293, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    69. Donald P. Morgan & Philip E. Strahan, 2003. "Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries," Working Papers Central Bank of Chile 229, Central Bank of Chile. [Downloadable!]
      Other versions:
    70. Juan Pablo Medina & Claudio Soto, 2005. "Oil Shocks and Monetary Policy in an Estimated DSGE Model for a Small Open Economy," Working Papers Central Bank of Chile 353, Central Bank of Chile. [Downloadable!]
    71. Juan Pablo Medina, 2004. "Endogenous Financial Constraints: Persistence and Interest Rate Fluctuations," Working Papers Central Bank of Chile 290, Central Bank of Chile. [Downloadable!]
    72. Jaime Guajardo, 2004. "Financial Frictions and Business Cycles in Developing Countries," Econometric Society 2004 Latin American Meetings 307, Econometric Society. [Downloadable!]
    73. Aaron Tornell, 2003. "Credit Market Imperfections in Middle Income Countries (January 2003)," UCLA Economics Online Papers 244, UCLA Department of Economics. [Downloadable!]
    74. Abbas Mirakhor & Iqbal Mehdi Zaidi, 2006. "Rethinking the Governance of the International Monetary Fund," IMF Working Papers 06/273, International Monetary Fund. [Downloadable!]
    75. Fabian Valencia, 2008. "Banks' Precautionary Capital and Credit Crunches," IMF Working Papers 08/248, International Monetary Fund. [Downloadable!]
    76. Bris, Arturo & Koskinen, Yrjö & Pons, Vicente, 2001. "Corporate Financial Policies and Performance Around Currency Crises," Working Paper Series in Economics and Finance 467, Stockholm School of Economics, revised 06 Nov 2001. [Downloadable!]
      Other versions:
    77. Ceyhun Bora Durdu, 2007. "Quantitative implications of indexed bonds in small open economies," International Finance Discussion Papers 909, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    78. Philippe Aghion & Philippe Bacchetta & Abhijit Banerjee, 2004. "Financial Development and the Instability of Open Economies," NBER Working Papers 10246, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    79. Sebastian Edwards, 2004. "Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops," NBER Working Papers 10276, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    80. Jaime Guajardo, 2008. "Financial Frictions and Business Cycles in Middle-Income Countries," IMF Working Papers 08/20, International Monetary Fund. [Downloadable!]
    81. Aaron Tornell & Frank Westermann, 2003. "Credit Market Imperfections in Middle Income Countries," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
      Other versions:
    82. Kerstin Gerling, 2008. "The Real Consequences of Financial Market Integration when Countries Are Heterogeneous," Working Papers 141, Oesterreichische Nationalbank (Austrian Central Bank). [Downloadable!]
    83. Luis-Felipe Zanna, 2006. "Fighting against currency depreciation, macroeconomic instability and sudden stops," International Finance Discussion Papers 848, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    84. Hung-ju Chen; Hsiao-tang Hsu, 2004. "The Role of Firm Size in Controlling Output Volatility during the Asian Financial Crisis," Econometric Society 2004 North American Summer Meetings 11, Econometric Society. [Downloadable!]
    85. Guillermo A. Calvo, 2003. "Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes," NBER Working Papers 9864, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    86. Mark R. Stone, 2003. "Greater Monetary Policy Transparency for the G3: Lessons from Full-Fledged Inflation Targeters," IMF Working Papers 03/218, International Monetary Fund. [Downloadable!]
    87. M. Ayhan Kose & Eswar Prasad & Marco Terrones, 2003. "Financial Integration and Macroeconomic Volatility," IMF Working Papers 03/50, International Monetary Fund. [Downloadable!]
    88. Brutti, Filippo, 2008. "Legal enforcement, public supply of liquidity and sovereign risk," MPRA Paper 13949, University Library of Munich, Germany. [Downloadable!]
    89. John Geanakoplos, 2009. "The Leverage Cycle," Cowles Foundation Discussion Papers 1715, Cowles Foundation, Yale University. [Downloadable!]
    90. José Pablo Dapena, 2006. "Volatility of GDP, macro applications and policy implications of real options for structure of capital Markets," CEMA Working Papers: Serie Documentos de Trabajo. 320, Universidad del CEMA. [Downloadable!]
    91. Fernando Broner & Jaume Ventura, 2005. "Globalization and Risk Sharing," Economics Working Papers 837, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2009. [Downloadable!]
      Other versions:
    92. Diego Saravia, 2007. "On the Role and Effects of IMF Seniority," Documentos de Trabajo 317, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
    93. José Pablo Dapena, 2005. "Relación entre volatilidad de tasas de crecimiento del producto y volatilidad en el precio del stock de capital y su impacto en el nivel de inversión agregada de la economía," CEMA Working Papers: Serie Documentos de Trabajo. 294, Universidad del CEMA. [Downloadable!]
    94. Spiros Bougheas & Paul Mizen & Cihan Yalcin, 2007. "An Open Economy Model of the Credit Channel Applied to Four Asian Economies," Working Papers 082007, Hong Kong Institute for Monetary Research. [Downloadable!]
    95. Ricardo J. Caballero & Arvind Krishnamurthy, 2001. "International Liquidity Illusion: On the Risks of Sterilization," NBER Working Papers 8141, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    96. Ricardo J. Caballero & Guido Lorenzoni, 2007. "Persistent Appreciations and Overshooting: A Normative Analysis," NBER Working Papers 13077, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    97. Joshua Aizenman, 2005. "Financial Liberalization in Latin-America in the 1990s: A Reassessment," NBER Working Papers 11145, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    98. Roberto Chang & Andrés Velasco, 2005. "Endogenous Financial Dollarization and Exchange Rate Policy," Journal of Policy Reform, Taylor and Francis Journals, vol. 8(4), pages 263-280, December. [Downloadable!] (restricted)
    99. Marcio Gomes Pinto Garcia & Alexandre Lowenkron, 2005. "Cousin risks: the extent and the causes of positive correlation between country and currency risks," Textos para discussão 507, Department of Economics PUC-Rio (Brazil). [Downloadable!]
      Other versions:
    100. Saibal Ghosh, 2005. "Does leverage influence banks' non-performing loans? Evidence from India," Applied Economics Letters, Taylor and Francis Journals, vol. 12(15), pages 913-918, December. [Downloadable!] (restricted)
    101. Diemo Dietrich, 2004. "Financing FDI into Developing Economies and the International Transmission of Business Cycle Fluctuations," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(IV), pages 449-481, December. [Downloadable!]

  42. Ricardo J. Caballero, 2000. "Macroeconomic Volatility in Latin America: A View and Three Case Studies," NBER Working Papers 7782, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Published as:

    Cited by:

    1. Guillermo Ortiz, 2000. "How should monetary policymakers react to the new challenges of global economic integration: commentary," Proceedings, Federal Reserve Bank of Kansas City, pages 255-276. [Downloadable!]
    2. Alexis Saludjian, 2006. "Flux de capital et intégration régionale : Une etude économétrique des Principaux déterminants de l'instabilité Macro-économique dans le Cône sud-américain," Post-Print hal-00418437_v1, HAL. [Downloadable!]
    3. Sandeep Kapur & Luis Catão, 2004. "Missing Link: Volatility and the Debt Intolerance Paradox," IMF Working Papers 04/51, International Monetary Fund. [Downloadable!]
    4. Partha Sen, 2007. "Capital Inflows, Financial Repression And Macroeconomic Policy In India Since The Reforms," Working papers 157, Centre for Development Economics, Delhi School of Economics. [Downloadable!]
      Other versions:
    5. Marco A. Espinosa-Vega & Alessandro Rebucci, 2003. "Retail Bank Interest Rate Pass-Through: Is Chile Atypical?," Working Papers Central Bank of Chile 221, Central Bank of Chile. [Downloadable!]
      Other versions:
    6. Clemens, Marius & Fuhrmann, Wilfried, 2008. "Rohstoffbasierte Staatsfonds: Theorie und Empirie
      [Resource-based sovereign wealth funds]      ," MPRA Paper 16933, University Library of Munich, Germany. [Downloadable!]
    7. Claudia S. Gómez-López & Luis A.Puch, 2008. "Macroeconomic Consequences of International Commodity Price Shocks," Working Papers 2008-27, FEDEA. [Downloadable!]
    8. Ricardo Hausmann & Roberto Rigobon, 2003. "An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications," NBER Working Papers 9424, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    9. Fabrizio Onida, 2004. "Crescita e vincolo esterno: quali strategie per promuovere stabilità macroeconomica, competitività e investimenti," CESPRI Working Papers 157, CESPRI, Centre for Research on Innovation and Internationalisation, Universita' Bocconi, Milano, Italy, revised Jul 2004. [Downloadable!]
    10. Jaime Guajardo, 2004. "Financial Frictions and Business Cycles in Developing Countries," Econometric Society 2004 Latin American Meetings 307, Econometric Society. [Downloadable!]
    11. Jaime Guajardo, 2008. "Financial Frictions and Business Cycles in Middle-Income Countries," IMF Working Papers 08/20, International Monetary Fund. [Downloadable!]
    12. Impavido, Gregorio & Musalem, Alberto R. & Tressel, Thierry, 2001. "Contractual savings institutions and banks'stability and efficiency," Policy Research Working Paper Series 2751, The World Bank. [Downloadable!]
    13. José Pablo Dapena, 2006. "Volatility of GDP, macro applications and policy implications of real options for structure of capital Markets," CEMA Working Papers: Serie Documentos de Trabajo. 320, Universidad del CEMA. [Downloadable!]
    14. José Pablo Dapena, 2005. "Relación entre volatilidad de tasas de crecimiento del producto y volatilidad en el precio del stock de capital y su impacto en el nivel de inversión agregada de la economía," CEMA Working Papers: Serie Documentos de Trabajo. 294, Universidad del CEMA. [Downloadable!]

  43. Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," RES Working Papers 4213, Inter-American Development Bank, Research Department. [Downloadable!]

    Cited by:

    1. Ana Corbacho & Mercedes Garcia-Escribano & Gabriela Inchauste, 2003. "Argentina: Macroeconomic Crisis and Household Vulnerability," IMF Working Papers 03/89, International Monetary Fund. [Downloadable!]
    2. Ricardo J. Caballero, 2000. "Structural Volatility in Mexico: A Policy Report," RES Working Papers 4209, Inter-American Development Bank, Research Department. [Downloadable!]
    3. Ricardo J.Caballero, 2001. "Macroeconomic volatility in Latin America: a view and three case studies," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 5-52, June. [Downloadable!]
      Other versions:
    4. Ricardo J. Caballero, 2000. "Inestabilidad estructural en México: informe de políticas," RES Working Papers 4210, Inter-American Development Bank, Research Department. [Downloadable!]
    5. Rodrigo Bolaños Zamora, 1999. "Costa Rica: The Next Stage-Reform without Volatility. A Report," RES Working Papers 4196, Inter-American Development Bank, Research Department. [Downloadable!]
    6. Tasso Adamopoulos, 2008. "Land Inequality and the Transition to Modern Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(2), pages 257-282, April. [Downloadable!] (restricted)

  44. Ricardo J. Caballero & Arvind Krishnamurthy, 2000. "Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment," NBER Working Papers 7792, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

    Cited by:

    1. Ricardo Caballero & Arvind Krishnamurthy, 2001. "Smoothing Sudden Stops," NBER Working Papers 8427, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Olivier Jeanne & Charles Wyplosz, 2001. "The International Lender of Last Resort: How Large is Large Enough?," NBER Working Papers 8381, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Juan Carlos Echeverry & Roberto Steiner & Leopoldo Ferguson, . "Hell, Heaven or Hedged: Debt Devaluation and Firm Investment in Colombia," DCBSLA Series 5, Inter-American Development Bank, Research Department. [Downloadable!]
    4. Luis Carranza & Juan M. Cayo & José E. Galdón-Sánchez, 2003. "Exchange Rate Volatility and Economic Performance in Peru: A Firm Level Analysis," Faculty Working Papers 12/03, School of Economics and Business Administration, University of Navarra. [Downloadable!]
      Other versions:
    5. Mario Draghi & Francesco Giavazzi & Robert C. Merton, 2003. "Transparency, Risk Management and International Financial Fragility," NBER Working Papers 9806, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    6. Eduardo Moron & Juan F. Castro, 2002. "Uncovering Central Bank Monetary Policy Objectives: Going Beyond Fear of Floating," Macroeconomics 0205002, EconWPA. [Downloadable!]
    7. Carlos Óscar Arteta, 2003. "Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Bank Currency Mismatches?," International Finance 0303005, EconWPA. [Downloadable!]
      Other versions:
    8. Frederic Chabellard, 2001. "Dollarization of Liabilities in Non-tradable Goods Sector," William Davidson Institute Working Papers Series 380, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    9. Yannick Kalantzis, 2005. "Financial fragility in emerging market countries: firm balance sheets and the productive structure," PSE Working Papers 2005-17, PSE (Ecole normale supérieure). [Downloadable!]
    10. Demid Golikov, 2005. "Financial Intermediary In Monetary Economics: An Excerpt," Macroeconomics 0510018, EconWPA. [Downloadable!]
    11. Ricardo Caballero & Arvind Krishnamurthy, 2001. "A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems," NBER Working Papers 8428, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    12. Besancenot, Damien & Vranceanu, Radu, 2004. "Excessive Liability Dollarization in a Simple Signaling Model," ESSEC Working Papers DR 04001, ESSEC Research Center, ESSEC Business School. [Downloadable!]
    13. Carlos Arteta, 2002. "Exchange Rate Regimes and Financial Dollarization: Does Flexibility Reduce Bank Currency Mismatches?," Center for International and Development Economics Research, Working Paper Series 1021, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    14. Ricardo Caballero & Arvind Krishnamurthy, 2000. "International and Domestic Collateral Constraints in a Model of Emerging Market Crises," NBER Working Papers 7971, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    15. Gaetano Antinolfi & Todd Keister, 2001. "Dollarization as a monetary arrangement for emerging market economies," Review, Federal Reserve Bank of St. Louis, issue Nov., pages 29-40. [Downloadable!]
    16. Jose Luiz Rossi Junior, 2004. "Foreign Exchange exposure, corporate financial policies and the exchange rate regime: Evidence from Brazil," Econometric Society 2004 Latin American Meetings 163, Econometric Society. [Downloadable!]
    17. Luis Carranza, . "Debt Composition and Balance Sheet Effects of Exchange and Interest Rates Volatility: Case of Peru," DCBSLA Series 6, Inter-American Development Bank, Research Department. [Downloadable!]
    18. Impavido, Gregorio & Musalem, Alberto R. & Tressel, Thierry, 2001. "Contractual savings institutions and banks'stability and efficiency," Policy Research Working Paper Series 2751, The World Bank. [Downloadable!]
    19. Ricardo J. Caballero & Arvind Krishnamurthy, 2001. "International Liquidity Illusion: On the Risks of Sterilization," NBER Working Papers 8141, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    20. Ilan GOLDFAJN & Gino OLIVARES, 2001. "Can Flexible Exchange Rates Still “Work” In Financially Open Economies?," G-24 Discussion Papers 8, United Nations Conference on Trade and Development. [Downloadable!]

  45. Caballero, Ricardo & Hammour, Mohamad, 1999. "The Cost of Recessions Revisited: A Reverse-Liquidationist View," CEPR Discussion Papers 2331, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    Published as:

    Cited by:

    1. Raven E. Saks & Abigail Wozniak, 2007. "Labor Reallocation over the Business Cycle: New Evidence from Internal Migration," IZA Discussion Papers 2766, Institute for the Study of Labor (IZA). [Downloadable!]
      Other versions:
    2. Ansgar Belke & Rainer Fehn & Neil Foster, 2001. "Venture Capital Investment and Labor Market Performance: A Panel Data Analysis," Vienna Economics Papers 0112, University of Vienna, Department of Economics. [Downloadable!]
      Other versions:
    3. Ansgar Belke & Rainer Fehn, 2001. "Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?," Vienna Economics Papers 0106, University of Vienna, Department of Economics. [Downloadable!]
      Other versions:
    4. Valerie Cerra & Sweta C. Saxena, 2005. "Growth Dynamics: The Myth of Economic Recovery," Macroeconomics 0508008, EconWPA. [Downloadable!]
      Other versions:
    5. Ansgar Belke & Rainer Fehn & Neil Foster, 2003. "Does Venture Capital Investment Spur Employment Growth?," Vienna Economics Papers 0303, University of Vienna, Department of Economics. [Downloadable!]
      Other versions:
    6. Min Ouyang, 2005. "The Scarring Effect of Recessions," Working Papers 050609, University of California-Irvine, Department of Economics. [Downloadable!]
      Other versions:
    7. Chen, Kaiji & Song, Zheng, 2009. "Financial Frictions on Capital Allocation: A Transmission Mechanism of TFP Fluctuations," MPRA Paper 15211, University Library of Munich, Germany. [Downloadable!]
    8. Ricardo J. Caballero & Mohamad L. Hammour, 2000. "Creative Destruction and Development: Institutions, Crises, and Restructuring," NBER Working Papers 7849, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Helge Braun & Reinout De Bock & Riccardo DiCecio, 2006. "Aggregate shocks and labor market fluctuations," Working Papers 2006-004, Federal Reserve Bank of St. Louis. [Downloadable!]
    10. Ricardo Caballero G, 2002. "Coping With Chile’s External Vulnerability: A Financial Problem," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 5(1), pages 11-36, April. [Downloadable!]
      Other versions:
    11. Olivier Blanchard, 2000. "What do we know about Macroeconomics that Fisher and Wicksell did not?," NBER Working Papers 7550, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Márcio Corrêa & Mário Centeno, 2006. "Technological Progress And Average Job Matching Quality," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 166, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    13. Gadi Barlevy, 2004. "On the Timing of Innovation in Stochastic Schumpeterian Growth Models," NBER Working Papers 10741, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    14. Yoonsoo Lee & Toshihiko Mukoyama, 2008. "Entry, exit and plant-level dynamics over the business cycle," Working Paper 0718, Federal Reserve Bank of Cleveland. [Downloadable!]
      Other versions:
    15. Calcagnini, Giorgio & Saltari, Enrico, 2003. "Labour and Financial Market Determinants of Investment Decisions in Europe," EIFC - Technology and Finance Working Papers 26, United Nations University, Institute for New Technologies. [Downloadable!]
    16. Chen, Kaiji & Song, Zheng, 2007. "Financial Friction, Capital Reallocation and Expectation-Driven Business Cycles," MPRA Paper 3889, University Library of Munich, Germany. [Downloadable!]

  46. Ricardo Caballero & Arvind Krishnamurthy, 1998. "Emerging Market Crises: An Asset Markets Perspective," Working papers 98-18, Massachusetts Institute of Technology (MIT), Department of Economics.
    Other versions:

    Cited by:

    1. Robert Dekle & Kenneth Kletzer, . "Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia," IMF Working Papers 01/63, International Monetary Fund. [Downloadable!]
      Other versions:
    2. Ricardo J. Caballero, 2000. "Inestabilidad estructural en Argentina: un informe de políticas," RES Working Papers 4214, Inter-American Development Bank, Research Department. [Downloadable!]
    3. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1999. "Hedging and financial fragility in fixed exchange rate regimes," Working Paper Series WP-99-11, Federal Reserve Bank of Chicago. [Downloadable!]
      Other versions:
    4. Enrique G. Mendoza & Katherine A. Smith, 2002. "Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon," NBER Working Papers 9286, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    5. Lawrence J. Christiano & Christopher Gust & Jorge Roldos, 2002. "Monetary Policy in a Financial Crisis," NBER Working Papers 9005, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    6. Martin, Philippe & Rey, Hélène, 2005. "Globalization and Emerging Markets: With or Without Crash?," CEPR Discussion Papers 5165, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    7. Garrick Blalock & Paul Gertler & David I. Levine, 2005. "Financial Constraints on Investment in an Emerging Market Crisis: An Empirical Investigation of Foreign Ownership," Center for International and Development Economics Research, Working Paper Series 1064, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
    8. Martin Schneider & Aaron Tornell, 2000. "Balance SHeet Effects, Bailout Guarantees and Financial Crises," NBER Working Papers 8060, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    9. Enrique G. Mendoza & Marco E. Terrones, 2008. "An anatomy of credit booms: evidence from macro aggregates and micro data," International Finance Discussion Papers 936, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
      Other versions:
    10. Domenico Delli Gatti & Mauro Gallegati & Bruce C. Greenwald & Joseph E. Stiglitz, 2007. "Net Worth, Exchange Rates, and Monetary Policy: The Effects of a Devaluation in a Financially Fragile Environment," NBER Working Papers 13244, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    11. Philippe Martin & Helene Rey, 2002. "Financial Globalization and Emerging Markets: With or Without Crash?," NBER Working Papers 9288, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    12. Buiter, Willem H & Sibert, Anne, 1999. "UDROP: A Small Contribution to the New International Financial Architecture," CEPR Discussion Papers 2138, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    13. Ricardo J. Caballero, 2000. "Structural Volatility in Mexico: A Policy Report," RES Working Papers 4209, Inter-American Development Bank, Research Department. [Downloadable!]
    14. Forbes, Kristin, 2002. "How Do Large Depreciations Affect Firm Performance?," Working papers 4379-02, Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
      Other versions:
    15. Paolo Pesenti & Cedric Tille, 2000. "The economics of currency crises and contagion: an introduction," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 3-16. [Downloadable!]
    16. Aysan, Ahmet Faruk, 2006. "The Role of Distribution of the Income Shares of Individuals in Tradables and Nontradables on Exchange Rate Fluctuations and Delay of Stabilizations," MPRA Paper 5485, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    17. Jorge M.Streb & Javier Bolzico & Pablo Druck & Alejandro Henke & José Rutman & Walter Sosa Escudero, 2002. "Bank relationships: effect on the availability and marginal cost of credit for firms in Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 216, Universidad del CEMA. [Downloadable!]
      Other versions:
    18. Joshua Aizenman, 1999. "Capital Controls and Financial Crises," NBER Working Papers 7398, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    19. Federico S. Mandelman, 2006. "Business cycles and monetary regimes in emerging economies: a role for a monopolistic banking sector," Working Paper 2006-17, Federal Reserve Bank of Atlanta. [Downloadable!]
    20. Aysan, Ahmet Faruk, 2006. "Distributional Effects of Boom-Bust Cycles in Developing Countries with Financial Frictions," MPRA Paper 5484, University Library of Munich, Germany. [Downloadable!]
      Other versions:
    21. Menzie D. Chinn & Kenneth M. Kletzer, 2000. "International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information," NBER Working Papers 7902, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    22. Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    23. Andrés Felipe Arias, 2001. "Banking Productivity And Economic Fluctuations: Colombia 1998-2000," BORRADORES DE ECONOMIA 002050, BANCO DE LA REPÚBLICA. [Downloadable!]
    24. Ricardo J.Caballero, 2001. "Macroeconomic volatility in Latin America: a view and three case studies," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 5-52, June. [Downloadable!]
      Other versions:
    25. Hans Gersbach & Jan Wenzelburger, 2004. "Do Risk Premia Protect from Banking Crises," Levine's Bibliography 122247000000000356, UCLA Department of Economics. [Downloadable!]
      Other versions:
    26. (Kim | Lopez-Salido | Swanson) & Andrew Levin, 2004. "The magnitude and Cyclical Behavior of Financial Market Frictions," Computing in Economics and Finance 2004 224, Society for Computational Economics. [Downloadable!]
      Other versions:
    27. de la Torre, Augusto & Schmukler & Sergio L., 2004. "Coping with risk through mismatches : domestic and international financial contracts for emerging economies," Policy Research Working Paper Series 3212, The World Bank. [Downloadable!]
      Other versions:
    28. Mark Gertler & Simon Gilchrist & Fabio Natalucci, 2001. "External constraints on monetary policy and the financial accelerator," Proceedings, Federal Reserve Bank of San Francisco, issue Mar. [Downloadable!]
      Other versions:
    29. Sergio L. Schmukler & Esteban Vesperoni, 2001. "Globalization and Firms' Financing Choices: Evidence from Emerging Economies," IMF Working Papers 01/95, International Monetary Fund. [Downloadable!]
      Other versions:
    30. Pablo García & Claudio Soto, 2004. "Large Hoardings of International Reserves: Are They Worth It?," Working Papers Central Bank of Chile 299, Central Bank of Chile. [Downloadable!]
    31. Michael Hutchison & Ilan Noy, 2004. "Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets," Santa Cruz Center for International Economics, Working Paper Series 1035, Center for International Economics, UC Santa Cruz. [Downloadable!]
      Other versions:
    32. Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," RES Working Papers 4213, Inter-American Development Bank, Research Department. [Downloadable!]
    33. Massimo Sbracia & Andrea Zaghini, 2001. "The Role of the Banking System in the International Transmission of Shocks," Temi di discussione (Economic working papers) 409, Bank of Italy, Economic Research Department. [Downloadable!]
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    34. Arturo Bris & Yrjö Koskinen & Vicente Pons, 2001. "Corporate Financial Policies and Performance Prior to Currency Crises," William Davidson Institute Working Papers Series 386, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    35. Bris, Arturo & Koskinen, Yrjö, 2000. "Corporate Leverage and Currency Crises," Working Paper Series in Economics and Finance 367, Stockholm School of Economics, revised 02 Jul 2001. [Downloadable!]
      Other versions:
    36. Simon Johnson, 2000. "Coase and the reform of securities markets," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue Jun, pages 187-221. [Downloadable!]
      Other versions:
    37. Ricardo J. Caballero, 2000. "Inestabilidad estructural en México: informe de políticas," RES Working Papers 4210, Inter-American Development Bank, Research Department. [Downloadable!]
    38. Simon Johnson & Peter Boone & Alasdair Breach & Eric Friedman, 1999. "Corporate Governance in the Asian Financial Crisis," William Davidson Institute Working Papers Series 297, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
      Other versions:
    39. Joshua Aizenman & Nancy Marion, 1999. "Uncertainty and the disappearance of international credit," Proceedings, Federal Reserve Bank of San Francisco, issue Sep. [Downloadable!]
      Other versions:
    40. Andrés F. Arias, . "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," Borradores de Economia 192, Banco de la Republica de Colombia. [Downloadable!]
    41. Olli Castrén & Tuomas Takalo, 2000. "Capital market development, corporate governance and the credibility of exchange rate pegs," Working Paper Series 34, European Central Bank. [Downloadable!]
    42. Ricardo Caballero & Arvind Krishnamurthy, 2000. "International and Domestic Collateral Constraints in a Model of Emerging Market Crises," NBER Working Papers 7971, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    43. Daron Acemoglu & Simon Johnson & James Robinson & Yunyong Thaicharoen, 2002. "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," NBER Working Papers 9124, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    44. Olli Castren & Tuomas Takalo, 2000. "Capital Market Development, Corporate Governance and the Credibility of Exchange Rate Pegs," Econometric Society World Congress 2000 Contributed Papers 0515, Econometric Society. [Downloadable!]
    45. Andrés Arias, 2002. "Banking Productivity and Economic Fluctuations: Colombia 1998-2000," REVISTA DESARROLLO Y SOCIEDAD, UNIVERSIDAD DE LOS ANDES-CEDE. [Downloadable!]
    46. Graham Bird & Ramkishen S. Rajan, 2004. "Does devaluation lead to economic recovery or contraction? Theory and policy with reference to Thailand," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(2), pages 141-156. [Downloadable!]
    47. Hung-ju Chen; Hsiao-tang Hsu, 2004. "The Role of Firm Size in Controlling Output Volatility during the Asian Financial Crisis," Econometric Society 2004 North American Summer Meetings 11, Econometric Society. [Downloadable!]
    48. Laura E. Kodres & Matthew Pritsker, 1998. "A rational expectations model of financial contagion," Finance and Economics Discussion Series 1998-48, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    49. Ricardo J. Caballero, 2000. "Structural Volatility in Chile: A Policy Report," RES Working Papers 4211, Inter-American Development Bank, Research Department. [Downloadable!]
    50. José Pablo Dapena, 2006. "Volatility of GDP, macro applications and policy implications of real options for structure of capital Markets," CEMA Working Papers: Serie Documentos de Trabajo. 320, Universidad del CEMA. [Downloadable!]
    51. Kristin Forbes, 2000. "The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally," NBER Working Papers 7807, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    52. José Pablo Dapena, 2005. "Relación entre volatilidad de tasas de crecimiento del producto y volatilidad en el precio del stock de capital y su impacto en el nivel de inversión agregada de la economía," CEMA Working Papers: Serie Documentos de Trabajo. 294, Universidad del CEMA. [Downloadable!]
    53. Ricardo J. Caballero, 2000. "Inestabilidad estructural en Chile: informe de políticas," RES Working Papers 4212, Inter-American Development Bank, Research Department. [Downloadable!]
    54. Douglas W. Diamond & Raghuram G. Rajan, 2002. "Liquidity Shortages and Banking Crises," NBER Working Papers 8937, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    55. Ricardo J. Caballero & Arvind Krishnamurthy, 2000. "Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment," NBER Working Papers 7792, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

  47. Ricardo Caballero & Muhammad Hammour, 1998. "Improper Churn: Social Costs and Macroeconomic Consequences," Working papers 98-11, Massachusetts Institute of Technology (MIT), Department of Economics.
    Other versions:

    Cited by:

    1. Wouter J. den Haan & Garey Ramey & Joel Watson, 1999. "Liquidity Flows and Fragility of Business Enterprises," Cowles Foundation Discussion Papers 1215, Cowles Foundation, Yale University. [Downloadable!]
      Other versions:
    2. Scott Schuh & Robert K. Triest, 1998. "Job reallocation and the business cycle: new facts for an old debate," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue Jun, pages 271-357. [Downloadable!]
    3. Pertti Haaparanta, 2000. "International Trade and Search," Econometric Society World Congress 2000 Contributed Papers 0858, Econometric Society. [Downloadable!]
    4. Wasmer, Etienne & Weil, Philippe, 2002. "The Macroeconomics of Labour and Credit Market Imperfections," CEPR Discussion Papers 3334, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
      Other versions:
    5. Shumpei Takemori & Kenji Wada, 2003. "Crisis and Creative Destruction: Cases of Korean and Japanese Stock Markets," Asia-Pacific Financial Markets, Springer, vol. 10(4), pages 301-317, December. [Downloadable!] (restricted)
    6. Gadi Barlevy, 1999. "Credit Market Frictions and the Reallocation Process," Discussion Papers 1251, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
    7. Andrew Figura, 2002. "The cyclical behavior of short-term and long-term job flows," Finance and Economics Discussion Series 2002-12, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    8. Erkki Koskela & Rune Stenbacka, 2001. "Equilibrium Unemployment with Credit and Labour Market Imperfections," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    9. Ricardo J. Caballero & Mohamad L. Hammour, 1999. "The Cost of Recessions Revisited: A Reverse-Liquidationist View," NBER Working Papers 7355, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    10. Kilponen, Juha & Mayes, David & Vilmunen, Jouko, 1999. "Labour Market Flexibility in Northern Europe," ERSA conference papers ersa99pa088, European Regional Science Association. [Downloadable!]
      Other versions:
    11. Koskela, Erkki & Stenbacka, Rune, 2004. "Profit Sharing, Credit Market Imperfections and Equilibrium Unemployment," IZA Discussion Papers 1020, Institute for the Study of Labor (IZA). [Downloadable!]
    12. Mayes , David & Vilmunen, Jouko, 1999. "Unemployment in a Small Open Economy: Finland and New Zealand," Research Discussion Papers 10/1999, Bank of Finland. [Downloadable!]
      Other versions:

  48. Ricardo D. Caballero & Eduardo Engel, 1998. "Nonlinear Aggregate Investment Dynamics: Theory and Evidence," Documentos de Trabajo 48, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    Other versions:

    Cited by:

    1. Nihal Bayraktar & Plutarchos Sakellaris & Philip Vermeulen, 2005. "Real versus financial frictions to capital investment," Working Paper Series 566, European Central Bank. [Downloadable!]
    2. Simon Gilchrist & Charles Himmelberg, 1998. "Investment, Fundamentals and Finance," NBER Working Papers 6652, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    3. Richard Holt, 2004. "Two Cheers for the Aggregated (S, s) Model!," ESE Discussion Papers 56, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]

  49. Caballero, R.J. & Hammour, M.L., 1997. "Jobless Growth: Appropriability, Factor-Substitution, and Unemployment," Working papers 97-18, Massachusetts Institute of Technology (MIT), Department of Economics.
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    Published as:

    Cited by:

    1. Olivier Blanchard & Francesco Giavazzi, 2001. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," NBER Working Papers 8120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    2. Robert E. Hall, 1999. "The Concentration of Job Destruction," NBER Working Papers 7025, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    3. Vindigni, Andrea, 2008. "Uncertainty and the Politics of Employment Protection," IZA Discussion Papers 3509, Institute for the Study of Labor (IZA). [Downloadable!]
    4. Nicolas CARNOT & Alain QUINET, 2003. "Enrichissement de la croissance en emploi et productivitŽ," Discussion Papers (REL - Recherches Economiques de Louvain) 2003014, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
    5. Ansgar Belke & Rainer Fehn, 2001. "Institutions and Structural Unemployment: Do Capital-Market Imperfections Matter?," Vienna Economics Papers 0106, University of Vienna, Department of Economics. [Downloadable!]
      Other versions:
    6. James J. Heckman & Carmen Pages, 2000. "The Cost of Job Security Regulation: Evidence from Latin American Labor Markets," NBER Working Papers 7773, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    7. Gilles Mourre, 2006. "Did the pattern of aggregate employment growth change in the euro area in the late 1990s?," Applied Economics, Taylor and Francis Journals, vol. 38(15), pages 1783-1807, August. [Downloadable!] (restricted)
      Other versions:
    8. Nicolas Canry & Arnaud Lechevalier, 2006. "Wage share variations in France and Germany since 1970: what does really matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00140529_v1, HAL. [Downloadable!]
    9. Rainer Fehn & Carsten-Patrick Meier, 2000. "The Positive Economics of Corporatism and Corporate Governance," Kiel Working Papers 982, Kiel Institute for the World Economy. [Downloadable!]
    10. Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2006. "Technology-policy interaction in frictional labor markets," Working Paper 06-10, Federal Reserve Bank of Richmond. [Downloadable!]
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    11. Alain Borghijs & Sjef Ederveen & Ruud de Mooij, 2003. "European Wage Coordination: Nightmare or dream to come true?," Economics Working Papers 020, European Network of Economic Policy Research Institutes. [Downloadable!]
    12. Philip Vermeulen, 2007. "Can adjustment costs explain the variability and counter-cyclicality of the labour share at the firm and aggregate level?," Working Paper Series 772, European Central Bank. [Downloadable!]
    13. Lena Suchanek, 2009. "Labour Shares and the Role of Capital and Labour Market Imperfections," Discussion Papers 09-2, Bank of Canada. [Downloadable!]
    14. Vindigni, Andrea, 2008. "Uncertainty and the Politics of Employment Protection," Papers 05-27-2008, Princeton University, Research Program in Political Economy. [Downloadable!]
    15. Diego Comin & Mark Gertler, 2006. "Medium-Term Business Cycles," American Economic Review, American Economic Association, vol. 96(3), pages 523-551, June. [Downloadable!]
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    16. Rainer Fehn & Carsten-Patrick Meier, 2001. "The Positive Economics of Labor Market Rigidities and Investor Protection," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    17. Alain Borghijs & Sjef Ederveen & Ruud de Mooij, . "European wage coordination: Nightmare or dream to come true? An economic analysis of wage bargaining institutions in the EU," CPB Discussion Papers 17, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
    18. Vindigni, Andrea, 2008. "Uncertainty and the politics of employment protection," P.O.L.I.S. department's Working Papers 106, Department of Public Policy and Public Choice - POLIS. [Downloadable!]
    19. Frederik Huizinga & Peter Broer, 2004. "Wage moderation and labour productivity," CPB Discussion Papers 28, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
    20. Norbert Berthold & Rainer Fehn, 2003. "Unemployment in Germany: Reasons and Remedies," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    21. Andrea Vindigni, 2008. "Uncertainty and the Politics of Employment Protection," LABORatorio R. Revelli Working Papers Series 77, LABORatorio R. Revelli, Centre for Employment Studies. [Downloadable!]
    22. Giuseppe Russo & David Veredas, 2000. "Institutional Rigidities and Employment on the Italian Labour Market: the Dynamic of the Employment in the Large Industrial Firms," CELPE Discussion Papers 53, CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy. [Downloadable!]
    23. Yu-Fu Chen & Michael Funke, 2003. "Labour Demand in Germany: An Assessment of Non-Wage Labour Costs," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    24. Andrea Vindigni, 2002. "Uncertainty and the Politics of Employment Protection," Working Papers 844, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
    25. Alberto Alesina & Joseph Zeira, 2006. "Technology and Labor Regulations," NBER Working Papers 12581, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    26. Jim Malley & Hassan Molana, 2002. "Efficiency Wages, Unemployment and Macroeconomic Policy," Working Papers 2002_3, Department of Economics, University of Glasgow. [Downloadable!]
    27. Cepii & Cepremap, 2001. "MARMOTTE: A Multinational Model," Working Papers 2001-15, CEPII research center. [Downloadable!]
    28. Hornstein, Andreas & Krusell, Per & Violante, Giovanni L, 2005. "The Replacement Problem in Frictional Economies: An 'Equivalence Result'," CEPR Discussion Papers 5026, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    29. RUSSO, Giuseppe & VEREDAS, David, 2000. "Institutional rigidities and employment rigidity in the Italian large industrial firms," CORE Discussion Papers 2000048, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
    30. Maciej K. Dudek & ówna Handlowa, 2006. "On Artificial Structural Unemployment," Computing in Economics and Finance 2006 171, Society for Computational Economics. [Downloadable!]
    31. Francois, P. & Roberts, J., 2001. "Contracting productivity growth," Discussion Paper 35, Tilburg University, Center for Economic Research. [Downloadable!]
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    32. Giorgio Calcagnini & Germana Giombini, 2009. "Does Employment Protection Legislation Affect Firm Investment? The European Case," Working Papers 0902, University of Urbino Carlo Bo, Department of Economics, revised 2009. [Downloadable!]
    33. Samuel Bentolila & Gilles Saint Paul, 1999. "Explaining Movements in the Labor Share," Economics Working Papers 374, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    34. Bucci, Alberto & Fiorillo, Fabio & Staffolani, Stefano, 2001. "Can Market Power influence Employment, Wage Inequality and Growth ?," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2000030, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
      Other versions:
    35. Ricardo J. Caballero, 1997. "Aggregate Investment," NBER Working Papers 6264, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    36. Loic Cadiou & Stephane Dees & Jean-Pierre Laffargue, 2000. "A computational General Equilibrium Model with Vintage Capital," Working Papers 2000-20, CEPII research center. [Downloadable!]
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    37. Margarita Katsimi & Sarantis Kalyvitis & Thomas Moutos, 2009. ""Unwarranted" Wage Changes and the Return on Capital," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    38. Juha Kilponen & Juuso Vanhala, 2009. "Productivity and Job Flows - Heterogeneity of New Hires and Continuing Jobs in the Business Cycle," Working Paper Series 1080, European Central Bank. [Downloadable!]
      Other versions:
    39. Carmen Pagés-Serra & James J. Heckman, 2000. "El costo de la regulación de la estabilidad laboral: elementos de juicio de los mercados laborales latinoamericanos," RES Working Papers 4228, Inter-American Development Bank, Research Department. [Downloadable!]
    40. Heikki Kauppi & Erkki Koskela & Rune Stenbacka, 2004. "Equilibrium Unemployment and Capital Intensity Under Product and Labor Market Imperfections," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    41. Nicolas Carnot & Alain Quinet, 2003. "Enrichissement de la croissance en emploi et productivité," Recherches économiques de Louvain, De Boeck Université, vol. 69(1), pages 97-118. [Downloadable!]
    42. Benito Arruñada & Manuel González & Alberto Fernández, 2004. "Determinants of Organizational Form: Transaction Costs and Institutions in the European Trucking Industry," Economics Working Papers 767, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    43. Simone Bertoli & Francesco Farina, 2007. "The functional distribution of income: a review of the theoretical literature and of the empirical evidence around its recent pattern in European countries," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 005, Department of Economic Policy, Finance and Development (DEPFID), University of Siena. [Downloadable!]
    44. Robert E. Hall, 1999. "Aggregate Job Destruction and Inventory Liquidation," NBER Working Papers 6912, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    45. Andreas Hornstein & Per Krussell & Giovanni L. Violante, 2002. "Vintage capital as an origin of inequalities," Working Paper 02-02, Federal Reserve Bank of Richmond.
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    46. Martina Lawless & Karl Whelan, 2007. "Understanding the dynamics of labor shares and inflation," Working Paper Series 784, European Central Bank. [Downloadable!]
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    47. Adam S. Posen & Daniel Popov Gould, 2006. "Has EMU Had Any Impact on the Degree of Wage Restraint?," Peterson Institute Working Paper Series WP06-06, Peterson Institute for International Economics. [Downloadable!]
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    48. Francisco Xavier Lores, 2001. "Growth And Cyclical Fluctuations In Spanish Macroeconomic Series," Economics Working Papers we014609, Universidad Carlos III, Departamento de Economía. [Downloadable!]
    49. Ricardo J. Caballero & Mohamad L. Hammour, 1999. "The Cost of Recessions Revisited: A Reverse-Liquidationist View," NBER Working Papers 7355, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
      Other versions:
    50. Nicoletta Batini & Brian Jackson & Stephen Nickell, 2000. "Inflation Dynamics and the Labour Share in the UK," Discussion Papers 02, Monetary Policy Committee Unit, Bank of England. [Downloadable!]
    51. Marcelo Veracierto, 2000. "Employment flows, capital mobility, and policy analysis," Working Paper Series WP-00-5, Federal Reserve Bank of Chicago. [Downloadable!]
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    52. Eric Heyer & Frederic Reynes & Henri Sterdyniak, 2004. "Observable and unobservable variables in the theory of the equilibrium rate of unemployment, a comparison between France and the United States," Documents de Travail de l'OFCE 2004-06, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
    53. André Kurmann, 2009. "Holdups and Overinvestment in Physical Capital Markets," Cahiers de recherche 0904, CIRPEE. [Downloadable!]
    54. Koeniger, Winfried, 2001. "Trade, Labor Market Rigidities, and Government-Financed Technological Change," IZA Discussion Papers 241, Institute for the Study of Labor (IZA). [Downloadable!]
    55. Azmat, Ghazala & Manning, Alan & Van Reenen, John, 2007. "Privatization, Entry Regulation and the Decline of Labour's Share of GDP: A Cross-Country Analysis of the Network Industries," CEPR Discussion Papers 6348, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    56. Rainer Klump & Peter McAdam & Alpo Willman, 2004. "Factor Substitution and Factor Augmenting Technical Progress in the US: A Normalized Supply-Side System Approach," DEGIT Conference Papers c009_030, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
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    57. Olivier Blanchard, 2005. "European Unemployment: The Evolution of Facts and Ideas," NBER Working Papers 11750, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    58. Andreas Hornstein & Per Krusell & Giovanni L. Violante, 2005. "The replacement problem in frictional economies : a near equivalence result," Working Paper 05-01, Federal Reserve Bank of Richmond. [Downloadable!]
      Other versions:
    59. Shigeru Wakita, 2006. "The Lost Decade in the Japanese Labor Market: Labor’s share and Okun’s Law," Labor Economics Working Papers 673, East Asian Bureau of Economic Research. [Downloadable!]
    60. Dagmar Haase, 2005. "Derivation of robust predictor variables for modelling urban shrinkage and its effects at different scales," ERSA conference papers ersa05p322, European Regional Science Association. [Downloadable!]
    61. Marco Gallegati & Mauro Gallegati, 2005. "Wavelet variance and correlation analyses of output in G7 countries," Macroeconomics 0512017, EconWPA. [Downloadable!]
    62. Olivier Blanchard, 1998. "Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices," NBER Working Papers 6566, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    63. Loic Cadiou, Stphane Des & Jean-Pierre Laffargue, 2000. "Medium Term Dynamics In A Rational Expectation Model With Vintage Capital And Appropriability," Computing in Economics and Finance 2000 304, Society for Computational Economics. [Downloadable!]
    64. Robert E. Hall, 1999. "Reorganization," NBER Working Papers 7181, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    65. Spector, David, 2002. "Competiton and the capital-labor conflict," CEPREMAP Working Papers (Couverture Orange) 0207, CEPREMAP. [Downloadable!]
    66. Patrick Toche, 2001. "Is There a Growth-Unemployment Trade-Off?," Economics Series Working Papers 062, University of Oxford, Department of Economics. [Downloadable!]
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    67. Roberto Torrini, 2005. "Profit Share and Returns on Capital Stock in Italy: the Role of Privatisations behind the Rise of the 1990s," CEP Discussion Papers dp0671, Centre for Economic Performance, LSE. [Downloadable!]
    68. Herman Z. Bennett, 2007. "Labor's Liquidity Service and Firing Costs," IMF Working Papers 07/120, International Monetary Fund. [Downloadable!]
    69. Calcagnini, Giorgio & Saltari, Enrico, 2003. "Labour and Financial Market Determinants of Investment Decisions in Europe," EIFC - Technology and Finance Working Papers 26, United Nations University, Institute for New Technologies. [Downloadable!]
    70. Mayes , David & Vilmunen, Jouko, 1999. "Unemployment in a Small Open Economy: Finland and New Zealand," Research Discussion Papers 10/1999, Bank of Finland. [Downloadable!]
      Other versions:

  50. Cabalero, R.J., 1997. "Aggregaete Investment," Working papers 97-20, Massachusetts Institute of Technology (MIT), Department of Economics.
    Other versions:
    Published as:
    • Caballero, Ricardo J., 1999. "Aggregate investment," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 12, pages 813-862 Elsevier. [Downloadable!] (restricted)

    Cited by:

    1. Nihal Bayraktar & Plutarchos Sakellaris & Philip Vermeulen, 2005. "Real versus financial frictions to capital investment," Working Paper Series 566, European Central Bank. [Downloadable!]
    2. Hasan Bakhshi & Nicholas Oulton & Jamie Thompson, . "Modelling investment when relative prices are trending: theory and evidence for the United Kingdom," Bank of England working papers 189, Bank of England. [Downloadable!]
    3. Fagiolo G. & Roventini A., 2004. "Animal Spirits, Lumpy Investment, and the Business Cycle," Computing in Economics and Finance 2004 109, Society for Computational Economics. [Downloadable!]
    4. Carlsson, Mikael & Laséen, Stefan, 2002. "Capital Adjustment Patterns in Swedish Manufacturing Firms: What Model Do They Suggest?," Working Paper Series 143, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
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    5. Aart Kraay & Jaume Ventura, 2002. "Current Accounts in the Long and Short Run," NBER Working Papers 9030, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    6. Robert H Mcguckin & Bradford J Jensen, 1996. "Firm Performance And Evolution Empirical Regularities In The U.S. Microdata," Working Papers 96-10, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
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    7. Emmanuel Athanassiou, 2003. "The internal control constraint on compliance," Defence and Peace Economics, Taylor and Francis Journals, vol. 14(6), pages 413-424, December. [Downloadable!] (restricted)
    8. Randy Becker & John Haltiwanger & Ron Jarmin & Shawn Klimek & Dan Wilson, 2005. "Micro and Macro Data Integration: The Case of Capital," Working Papers 05-02, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
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    9. Stephen Bond, 2000. "Noisy Share Prices and the Q Model of Investment," Econometric Society World Congress 2000 Contributed Papers 1320, Econometric Society. [Downloadable!]
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    10. Rocío Sánchez-Mangas, 2001. "Estimation Of A Dynamic Discrete Choice Model Of Irreversible Investment," Statistics and Econometrics Working Papers ws015628, Universidad Carlos III, Departamento de Estadística y Econometría. [Downloadable!]
    11. Rose Cunningham, 2004. "Investment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry," Working Papers 04-32, Bank of Canada. [Downloadable!]
    12. Jonathan McCarthy & Egon Zakrajsek, 2000. "Microeconomic inventory adjustment: evidence from U.S. firm-level data," Finance and Economics Discussion Series 2000-24, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
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    13. G. Urga & P. A. Geroski & S. Lazarova & C. F. Walters, 2003. "Are differences in firm size transitory or permanent?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 47-59. [Downloadable!]
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    14. Ruediger Bachmann & Ricardo J. Caballero & Eduardo Engel, 2006. "Lumpy Investment in Dynamic General Equilibrium," Cowles Foundation Discussion Papers 1566, Cowles Foundation, Yale University. [Downloadable!]
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    15. Ricardo J. Caballero & Eduardo M.R.A. Engel, 2003. "Adjustment Is Much Slower Than You Think," Cowles Foundation Discussion Papers 1430, Cowles Foundation, Yale University. [Downloadable!]
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    16. Jeffrey I. Bernstein & Theofanis P. Mamuneas, 2007. "Irreversible Investment, Capital Costs and Productivity Growth: Implications for Telecommunications," NBER Working Papers 13269, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    17. Alessandra Del Boca & Marzio Galeotti & Paola Rota, 2003. "Non-convexities in the Adjustment of Different Capital Inputs: A Firm-level Investigation," Working Papers 2003.35, Fondazione Eni Enrico Mattei. [Downloadable!]
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    18. Coury, Tarek & Razin, Assaf & Sadka, Efraim, 2002. "Trade Openness and Investment Instability," CEPR Discussion Papers 3259, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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    19. Florian Pelgrin & Sebastian Schich, 2002. "Panel Cointegration Analysis of the Finance-Investment Link in OECD Countries," Documents de Travail de l'OFCE 2002-02, Observatoire Francais des Conjonctures Economiques (OFCE). [Downloadable!]
    20. Aubhik Khan & Julia Thomas, 2002. "Nonconvex factor adjustments in equilibrium business cycle models: Do nonlinearities matter?," Staff Report 306, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    21. Thomas Philippon, 2006. "The Bond Market's q," NBER Working Papers 12462, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    22. Julia K. Thomas, 2002. "Is lumpy investment relevant for the business cycle?," Staff Report 302, Federal Reserve Bank of Minneapolis. [Downloadable!]
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    23. Héctor Felipe Bravo & Jorge Enrique Restrepo, 2002. "Funciones Agregadas de Inversión para la Economía Chilena," Working Papers Central Bank of Chile 158, Central Bank of Chile. [Downloadable!]
    24. Robert S. Pindyck & Andres Solimano, 1993. "Economic Instability and Aggregate Investment," NBER Working Papers 4380, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    25. Robert S. Chirinko, 2008. "ó: The Long And Short Of It," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    26. Silke Hüttel & Oliver Mußhoff & Martin Odening & Nataliya Zinych, 2008. "Estimating Investment Equations in Imperfect Capital Markets," SFB 649 Discussion Papers SFB649DP2008-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
    27. Sumru Altug & Fanny S. Demers & Michel Demers, 2001. "The Impact of Tax Risk and Persistence on Investment Decisions," Economics Bulletin, Economics Bulletin, vol. 5, pages 1-5. [Downloadable!]
    28. Richard Holt, 2004. "Investment and Dividends under Irreversibility and Financial Constraints," ESE Discussion Papers 55, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
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    29. Casacuberta, Carlos & Gandelman, Nestor, 2006. "Protection, openness, and factor adjustment : evidence from the manufacturing sector in Uruguay," Policy Research Working Paper Series 3891, The World Bank. [Downloadable!]
    30. Stephen Bond & Måns Söderbom, 2005. "Adjustment Costs and the Identification of Cobb Douglas Production Functions," Economics Papers 2005-W04, Economics Group, Nuffield College, University of Oxford. [Downloadable!]
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    31. Charles M. Kahn & William Roberds, . "Payment System Settlement and Bank Incentives," Center for Financial Institutions Working Papers 97-32, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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    32. Marianne Bertrand & Sendhil Mullainathan, 2005. "Profitable Investments or Dissipated Cash? Evidence on the Investment-Cash Flow Relationship From Oil and Gas Lease Bidding," NBER Working Papers 11126, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    33. Scott Schuh & Robert K Triest, 1998. "Job Reallocation And The Business Cycle: New Facts An Old Debate," Working Papers 98-11, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
    34. Ott, Ingrid & Soretz, Susanne, 2006. "Infrastruktur als Investitionsdeterminante von KMU," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-329, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
    35. Giovanni Dosi & Giorgio Fagiolo & Andrea Roventini, 2005. "Animal Spirits, Lumpy Investment, and Endogenous Business Cycles," LEM Papers Series 2005/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
    36. Sanogo, Issa & Gyengani, Zakaria, 2008. "Private investment in guinea, does macro-instability matter? A comparative analysis," MPRA Paper 11606, University Library of Munich, Germany. [Downloadable!]
    37. Daniele Coen-Pirani, 2004. "Markups, Aggregation, and Inventory Adjustment," American Economic Review, American Economic Association, vol. 94(5), pages 1328-1353, December. [Downloadable!]
    38. De Gregorio, Jose, 1996. "Inflation, growth, and central banks : theory and evidence," Policy Research Working Paper Series 1575, The World Bank. [Downloadable!]
    39. Christian Bayer, 2004. "Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections," Econometrics 0405001, EconWPA. [Downloadable!]
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    40. Andrea Caggese, 2001. "Financing Constraints, Irreversibility, and Investment Dynamics," Economics Working Papers 1008, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2006. [Downloadable!]
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    41. Adam B. Ashcraft, 2001. "New evidence on the lending channel," Staff Reports 136, Federal Reserve Bank of New York. [Downloadable!]
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    42. Robert Chirinko & Ulf von Kalckreuth, 2003. "On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    43. Ricardo J. Caballero & Eduardo M.R.A. Engel, 1998. "Nonlinear Aggregate Investment Dynamics: Theory and Evidence," NBER Working Papers 6420, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    44. Giovanni Dosi & Giorgio Fagiolo & Andrea Roventini, 2008. "The microfoundations of business cycles: an evolutionary, multi-agent model," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 413-432, August. [Downloadable!] (restricted)
    45. Lisa M. Schineller, 1997. "A nonlinear econometric analysis of capital flight," International Finance Discussion Papers 594, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    46. Luis H. R. Alvarez & Erkki Koskela, 2005. "Optimal Harvesting under Resource Stock and Price Uncertainty," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    47. Sergio Lehmann, 1997. "Investment under Uncertainty and Financial Market Development: A q-Theory Approach," Working Papers Central Bank of Chile 17, Central Bank of Chile. [Downloadable!]
    48. Valerie A. Ramey & Matthew D. Shapiro, 1998. "Displaced Capital," NBER Working Papers 6775, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    49. Charles Ka Yui Leung & Nan-Kuang Chen, 2006. "Intrinsic Cycles of Land Price: A Simple Model," Journal of Real Estate Research, American Real Estate Society, vol. 28(3), pages 293-320. [Downloadable!]
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    50. Sylvain Martel, 2005. "Y a-t-il eu surinvestissement au Canada durant la seconde moitié des années 1990?," Working Papers 05-5, Bank of Canada. [Downloadable!]
    51. Simon Gilchrist & Charles Himmelberg, 1998. "Investment, Fundamentals and Finance," NBER Working Papers 6652, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    52. Russell Cooper & Joao Ejarque, 2000. "Exhuming Q: Market Power vs. Capital Market Imperfections," Econometric Society World Congress 2000 Contributed Papers 0528, Econometric Society. [Downloadable!]
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    53. Thomas STEINBERGER, 2002. "Imperfect Financial Markets and Investment Dynamics," Economics Working Papers ECO2002/04, European University Institute. [Downloadable!]
    54. Francois Gourio, 2007. "Disasters and Recoveries: A Note on the Barro-Rietz Explanation of the Equity Premium Puzzle," Boston University - Department of Economics - Working Papers Series WP2007-007, Boston University - Department of Economics. [Downloadable!]
    55. Se Jik Kim & Mark R. Stone, 2000. "Corporate Leverage, Bankcruptcy and Output Adjustment in Post-Crisis East Asia," Microeconomics Working Papers 143, East Asian Bureau of Economic Research. [Downloadable!]
    56. Kevin A. Hassett & R. Glenn Hubbard, 1999. "Are Investment Incentives Blunted by Changes in Prices of Capital Goods?," NBER Working Papers 6676, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    57. Robert Chirinko & Debdulal Mallick, 2007. "The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    58. Bergbom, Lennart, 1998. "Exchange Rate Variability Inside and Outside the EMU," Working Paper Series 1998:26, Uppsala University, Department of Economics. [Downloadable!]
    59. Carlsson, Mikael, 2004. "Investment and Uncertainty: A Theory-Based Empirical Approach," Working Paper Series 2004:17, Uppsala University, Department of Economics. [Downloadable!]
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    60. Shaun K. Roache, 2006. "Domestic Investment and the Cost of Capital in the Caribbean," IMF Working Papers 06/152, International Monetary Fund. [Downloadable!]
    61. Giovanni Dosi & Giorgio Fagiolo & Andrea Roventini, 2008. "Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles," LEM Papers Series 2008/21, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
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    62. Dimelis, Sophia & Louri-Dendrinou, Eleni, 2001. "Foreign Direct Investment and Efficiency Benefits: A Conditional Quantile Analysis," CEPR Discussion Papers 2868, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    63. Bronwyn H. Hall & Jacques Mairesse & Benoît Mulkay, 1999. "Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Annales d'Economie et de Statistique, ADRES, issue 55-56, pages 03, Juillet-D. [Downloadable!]
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    64. Caballero, Ricardo J. & Pindyck, Robert S., 1992. "Uncertainty, investment, and industry evolution," Working papers 3460-92., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
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    65. Russell W. Cooper & John C. Haltiwanger, 2000. "On the Nature of Capital Adjustment Costs," NBER Working Papers 7925, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    66. Stephen R. Bond & Jason G. Cummins, 2004. "Uncertainty and investment: an empirical investigation using data on analysts' profits forecasts," Finance and Economics Discussion Series 2004-20, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    67. Christopher F. Baum & Mustafa Caglayan & Oleksandr Talavera, 2006. "On the Sensitivity of Firms' Investment to Cash Flow and Uncertainty," Boston College Working Papers in Economics 638, Boston College Department of Economics, revised 26 Apr 2008. [Downloadable!]
    68. Luis H. R. Alvarez & Erkki Koskela, 2005. "Progressive Taxation and Irreversible Investment under Uncertainty," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    69. Rose Cunningham, 2004. "Investment, Private Information and Social Learning: A Case Study of the Semiconductor Industry," Macroeconomics 0409021, EconWPA. [Downloadable!]
    70. Danny Leung & Terence Yuen, 2005. "Do Exchange Rates Affect the Capital-Labour Ratio? Panel Evidence from Canadian Manufacturing Industries," Working Papers 05-12, Bank of Canada. [Downloadable!]
    71. Peter Skott, 2008. "Theoretical and empirical shortcomings of the Kaleckian investment function," Working Papers 2008-11, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
    72. S. Boragan Aruoba & Christopher J. Waller & Randall Wright, 2009. "Money and capital: a quantitative analysis," Working Papers 2009-031, Federal Reserve Bank of St. Louis. [Downloadable!]
    73. Bartholomew Moore & Huntley Schaller, 2001. "Persistent and Transitory Shocks, Learning, and Investment Dynamics," Carleton Economic Papers 01-02, Carleton University, Department of Economics. [Downloadable!]
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    74. Hyunbae Chun & Sung-Bae Mun, 2005. "The Structure of Adjustment Costs in Information Technology Investment," Economics Bulletin, Economics Bulletin, vol. 5(4), pages 1-9. [Downloadable!]
    75. Marcela Eslava & John Haltiwanger & Adriana Kugler & Maurice Kugler, 2005. "Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants," IZA Discussion Papers 1751, Institute for the Study of Labor (IZA). [Downloadable!]
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    76. Klaus Gugler, 2003. "Corporate governance and investment," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 10(3), pages 261-289, November. [Downloadable!] (restricted)
    77. Joseph J. Doyle, Jr. & Krislert Samphantharak, 2005. "$2.00 Gas! Studying the Effects of Gas Tax Moratorium," Working Papers 0517, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
    78. Sumru Altug & Fanny S. Demers & Michel Demers, 2004. " Tax Policy and Irreversible Investment," CDMA Working Paper Series 0404, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
    79. Calderon, Cesar & Loayza, Norman & Serven, Luis, 2003. "Do capital flows respond to risk and return?," Policy Research Working Paper Series 3059, The World Bank. [Downloadable!]
    80. Ruediger Bachmann & Ricardo J. Caballero & Eduardo M.R.A. Engel, 2006. "Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model," NBER Working Papers 12336, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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    81. Robert E. Hall, 2002. "Industry Dynamics with Adjustment Costs," NBER Working Papers 8849, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    82. Silvio Rendón, 2001. "Job Creation under Liquidity Constraints: the Spanish Case," Banco de España Working Papers 0101, Banco de España. [Downloadable!]
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    83. Roberto Pereira Guimarães & Olaf Unteroberdoerster, 2006. "What's Driving Private Investment in Malaysia? Aggregate Trends and Firm-Level Evidence," IMF Working Papers 06/190, International Monetary Fund. [Downloadable!]
    84. Katsuya Takii, 2005. "Limited Attention, Interaction and the Growth of a Firm," Macroeconomics 0506005, EconWPA. [Downloadable!]
    85. César Calderón & Norman Loayza & Luis Servén, 2001. "International Portfolio Diversification: The Role of Risk and Return," Working Papers Central Bank of Chile 94, Central Bank of Chile. [Downloadable!]
    86. Valerie Herzberg & George Kapetanios & Simon Price, . "Import prices and exchange rate pass-through: theory and evidence from the United Kingdom," Bank of England working papers 182, Bank of England. [Downloadable!]
    87. Oivind Anti Nilsen & Fabio Schiantarelli, 1996. "Zeroes and Lumps in Investment: Empirical Evidence on Irreversibilities and Non-Convexities," Boston College Working Papers in Economics 337., Boston College Department of Economics, revised 01 Nov 2000. [Downloadable!]
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    88. Tommy Sveen & Lutz Weinke, 2005. "Is Lumpy Investment really Irrelevant for the Business Cycle?," Economics Working Papers 869, Department of Economics and Business, Universitat Pompeu Fabra. [Downloadable!]
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    89. Adam B. Ashcraft & Murillo Campello, 2002. "Borrowers' financial constraints and the transmission of monetary policy: evidence from financial conglomerates," Staff Reports 153, Federal Reserve Bank of New York. [Downloadable!]
    90. Peter Thompson, 2007. "Entrepreneurs, Managers, and the Organization of Work," Working Papers 0706, Florida International University, Department of Economics. [Downloadable!]
    91. Guido Fioretti, 2002. "A Model of Primary and Secondary Waves in Investment Cycles," Microeconomics 0207014, EconWPA. [Downloadable!]
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    92. Jordan Rappaport, 2002. "A bottleneck capital model of development," Research Working Paper RWP 01-10, Federal Reserve Bank of Kansas City.