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Lumpy Investment in Dynamic General Equilibrium

Bachmann, Ruediger; Engel, Eduardo M. R. A.; Caballero, … - 2006

-2000 sample, the initial response of investment to a productivity shock with responses in the top quartile is 60% higher than the … shock. Conversely, a slowdown after a boom can lead to a long lasting investment slump, which is unresponsive to policy … smoothing in the investment response to aggregate shocks. The remaining 40% is explained by general equilibrium forces. The …

Persistent link: https://www.econbiz.de/10014057432

The Safety Trap

Caballero, Ricardo J. - 2016

In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with high risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe...

Persistent link: https://www.econbiz.de/10013006687

The Safety Trap

Caballero, Ricardo J. - 2014

In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets,...

Persistent link: https://www.econbiz.de/10013058249

The Safety Trap

Caballero, Ricardo J. - 2014

In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets,...

Persistent link: https://www.econbiz.de/10012458738

Heterogeneity and output fluctuations in a dynamic menu-cost economy

Caballero, Ricardo J.; Engel, Eduardo - 1991

Persistent link: https://www.econbiz.de/10000817193

Heterogeneity and output fluctuations in a dynamic menu-cost economy

Caballero, Ricardo J.; Engel, Eduardo - 1991

Persistent link: https://www.econbiz.de/10000817197

On the role of safe asset shortages in secular stagnation

Caballero, Ricardo J.; Farhi, Emmanuel - In: Secular stagnation : facts, causes and cures, (pp. 111-122). 2014

Persistent link: https://www.econbiz.de/10011511083

Coping with Chile's external vulnerability : a financial problem

Caballero, Ricardo J. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001603070

Coping with Chile's external vulnerability: a financial problem

Caballero, Ricardo J. - 2002

Persistent link: https://www.econbiz.de/10001700052

Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy

Engel, Eduardo M. R. A.; Caballero, Ricardo J. - 2021

When firms face menu costs, the relation between their output and money is highly nonlinear. At the aggregate level, however, this needs not be so. In this paper we study the dynamic behavior of a general equilibrium menu-cost economy where firms are heterogeneous in the shocks they perceive,...

Persistent link: https://www.econbiz.de/10013240964

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