Ricardo Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas, "Financial Crash, Commodity Prices, and Global Imbalances"
Oversubscribed at the seminar--so I gave up my front-row seat (I have seen the paper before, albeit in a significantly different form).
Ricardo Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas, "Financial Crash, Commodity Prices, and Global Imbalances":
Financial Crash, Commodity Prices and Global Imbalances: In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply.
Download now or preview on posterous
Posted via email from http://braddelong.posterous.com/ricardo-caballero-emmanuel-far at Brad DeLong's Scrapbook
