Roberto Rigobon

Society of Sloan Fellows Professor of Management
Professor of Applied Economics

Biography | Selected Publications

"Macroeconomics and On-Line Prices." Rigobon, Roberto (2015). LACEA’s Presidential Address. Economia, 15(2): 199-213. ​ (2015)

"Currency Unions, Product Introductions, and the Real Exchange Rate." Cavallo, Alberto, Brent Neiman, and Roberto Rigobon (2014). Quarterly Journal of Economics. (2014)

"Prices and Supply Disruptions During Natural Disasters." Cavallo, Eduardo A., Alberto Cavallo, and Roberto Rigobon (2014). Review of Income and Wealth, 60: 449-471 (2014)

"Unexploited Gains from International Diversification." Didier, Tatiana, Roberto Rigobon, and Sergio Schmukler (December 2013). Review of Economics and Statistics, 95(5): 1562-1583.

"Currency Unions, Product Introductions, and the Real Exchange Rate," with Alberto Cavallo and Brent Neiman, Quarterly Journal of Economics. (2013)

"Unexploited Gains from International Diversification," with Tatiana Didier and Sergio Schmukler, Review of Economics and Statistics (2013)

"Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions." Cavallo, Eduardo Alfredo, Andrew Powell, and Roberto Rigobon (July 2012). International Journal of Finance and Economics, 18(3): 240-265.

"Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions," with Eduardo Alfredo Cavallo and Andrew Powell, International Journal of Finance and Economics. (2012)

"International Macro-Finance," with Anna Pavlova, Encyclopedia of Financial Globalization. (2012)

"International Macro-Finance." Pavlova, Anna, and Roberto Rigobon (2012). In Caprio, Gerard (ed.), Encyclopedia of Financial Globalization. (2012)

"Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission." Ehrmann, Michael, Marcel Fratzscher, and Roberto Rigobon (September/October 2011). Journal of Applied Econometrics, 26(6): 948-974.

"In Search of the Black Swan: Analysis of the Statistical Evidence of Electoral Fraud in Venezuela." Hausmann, Ricardo, and Roberto Rigobon (2011). Statistical Science, 26(4): 543–563 (2011)

"In Search of the Black Swan: Analysis of the Statistical Evidence of Electoral Fraud in Venezuela," with Ricardo Hausmann, Statistical Science, Vol. 26, No. 4, 543–563. (2011)

"Principal Components as a Measure of Systemic Risk," with Mark Kritzman, Yuanzhen Li, and Sebastien Page, The Journal of Portfolio Management, Vol. 37, No. 4, 112-126 (2011)

"Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission," with Michael Ehrmann and Marcel Fratzscher, Journal of Applied Econometrics. (2011)

"Set Identification and Sensitivity Analysis with Tobin Regressors." Chernozhukov, Victor, Roberto Rigobon, and Thomas Stoker (November 2010). Quantitative Economics, 1(2): 255-277.

"Currency Choice and Exchange Rate Pass-through." Gopinath, Gita, Oleg Itskhoki, and Roberto Rigobon (March 2010). American Economic Review, 100(1): 304-336.

"An asset pricing view of External Adjustment." Pavlova, Anna, and Roberto Rigobon (January 2010). Journal of International Economics, 80(1): 144-156.

"An asset pricing view of External Adjustment," with Anna Pavlova, Journal of International Economics, Volume 80, Number 1, Pages 144-156. (2010)

An asset pricing view of External Adjustment (2010)

"Currency Choice and Exchange Rate Pass-through," with Gita Gopinath and Oleg Itskhoki, American Economic Review, Volume 100, Number 1, 304-36. (2010)

"Dealing with Expropriations: General Guidelines for Oil Production Contracts." Rigobon, Roberto. In Hogan, William, and Federico Sturzeneger (eds.), The Natural Resources Trap. Cambridge, MA: MIT Press, 2010.

"Principal Components as a Measure of Systemic Risk." Kritzman, Mark, Yuanzhen Li, Sebastien Page, and Roberto Rigobon (Summer 2011). The Journal of Portfolio Management, 37(4): 112-126. (2010)

"Set Identification and Sensitivity Analysis with Tobin Regressors," with Victor Chernozhukov and Tom Stoker, Quantitative Economics, Vol 1, No. 2, 255-277 (2010)

Set Identification with Tobin Regressors (2010)

"Capital Controls, Managed Exchange Rates, and External Vulnerability." Rigobon, Roberto, with Sebastian Edwards (July 2009). Journal of International Economics: 78(2): 256-267.

"Bias from Censored Regressors." Rigobon, Roberto, and Thomas Stoker (2009). Journal of Business and Economic Statistics, 27(3): 340-353. (2009)

"Bias from Censored Regressors," with Tom Stoker, Journal of Business and Economic Statistics, Vol. 27, Issue 3, 340-353. (2009)

"Capital Controls, Managed Exchange Rates, and External Vulnerability," with Sebastian Edwards, Journal of International Economics, Volume 78, Number 2, 256-67. (2009)

"Sticky Borders." Gopinath, Gita, and Roberto Rigobon (May 2008). Quarterly Journal of Economics, 123(2): 531-575.

"Exchange Rate Volatility." Rigobon, Roberto. The New Palgrave, 2008 .

"Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices." Rigobon, Roberto, and Brian Sack. In Campbell, J. (ed.), Asset Prices and Monetary PolicyNBER, 2008. ​

"The Role of Portfolio Constraints in the International Propagation of Shocks." Pavlova, Anna, and Roberto Rigobon (2008). Review of Economic Studies, 75(4): 1215-1256 (2008)

"Estimation with Censored Regressors: Basic Issues." Rigobon, Robert, and Thomas Stoker (November 2007). International Economic Review, 48(4): 1441-1467.

"Asset Prices and Exchange Rates." Pavlova, Anna, and Roberto Rigobon (2007). Review of Financial Studies, 20(4): 1139-1180. (2007)

"New Empirical Methods in Contagion: Which Ones Work, Which Ones Don’t?" Rigobon, Roberto. In Zumaquero, Amalia Morales (eds.), International Macroeconomics: Recent Developments. New York: Nova Science Publishers, 2007. ​

"The long run puzzle of the Real Exchange Rate Volatility." Hausmann, Ricardo, Ugo Panizza, and Roberto Rigobon (February 2006). Journal of International Money and Finance, 25(1): 93-124.

"Why are capital flows so much more volatile in emerging than in developed countries?" Broner, Fernando A., and Roberto Rigobon. In Caballero, R., C. Calderón and L. Céspedes (eds.), External Vulnerability and Preventive Policies. Banco Central de Chile, 2006 ​

"Identifying the efficacy of Central Bank interventions: Evidence from Australia and Japan." Kearns, Jonathan, and Roberto Rigobon (May 2005). Journal of International Economics, 66(1): 31-48. ​

"A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data." Garcia, Marcio, and Roberto Rigobon. In Giavazzi, Francesco, Ilan Goldfajn, and Santiago Herrera (eds.), Inflation Targeting, Debt, and the Brazilian Experience: 1999 to 2003. Cambridge, MA: MIT Press, 2005. ​

"Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships." Rigobon, Roberto, and Dani Rodrik (2005). The Economics of Transition, 13(3): 533-564. (2005)

"The effects of war risk on US financial markets." Rigobon, Roberto, and Brian Sack (2005). Journal of Banking and Finance, 29(7); 1769-1789. (2005)

"Once again, is account openness good for growth?" Lee, Ha Yan, Luca Antonio Ricci, and Roberto Rigobon (December 2004). Journal of Development Economics, 75(2): 451-472. ​

"The Impact of Monetary Policy on Asset Prices." Rigobon, Roberto, and Brian Sack (November 2004). Journal of Monetary Economics, 51(8): 1553-1575. ​

"Review of Too Sensational: On the Choice of Exchange Rate Regimes" by Corden, W. Max. Rigobon, Roberto (October 2004). Journal of International Economics, 64(1): 211-215.

"Comment: 'When it rains, it pours,' by Graciela Kaminsky, Carmen Reinhart, and Carlos Vegh." Rigobon, Roberto. NBER Macro Annual, 2004.

"On the Measurement of the International Propagation of Shocks: Are they Stable?" Rigobon, Roberto (December 2003). Journal of International Economics, 61(2): 261-283. ​

"Identification Through Heteroskedasticity." Rigobon, Roberto (November 2003). Review of Economics and Statistics, 85(4): 777-792.

"An alternative interpretation of the 'resource curse': Theory and policy implications." Hausmann, Ricardo, and Roberto Rigobon. In Davis, J.M., R. Ossowski, and A. Fedelino (eds.), "Fiscal Policy Formulation and Implementation in Oil-Producing Countries.” July 2003, IMF. ​

"Measuring the Reaction of Monetary Policy to the Stock Market." Rigobon, Roberto, and Brian Sack (May 2003). Quarterly Journal of Economics, 118(2): 639-669.

"Resource Curse or Debt Overhang?" Manzano, Osmel, and Roberto Rigobon. In Lederman, Daniel, and William F. Maloney. "Natural Resources and Development: Are They a Curse? Are They Destiny?" Stanford: Stanford University Press, 2003.

"Currency crises and contagion: An introduction." Edwards, Sebastian, and Roberto Rigobon (December 2002). Journal of Development Economics, 69(2): 307-313.​

"Disinflation and Fiscal Reform: A Neoclassical Perspective." Rigobon, Robert (December 2002). Journal of International Economics, 58(2): 265-297. ​

"The Curse of Non-investment Grade Countries." Rigobon, Roberto (December 2002). Journal of Development Economics, 69(2): 423-449. ​

"No Contagion, Only Interdependence: Measuring Stock Market Co-movements." Forbes, Kristin J., and Roberto Rigobon (October 2002). Journal of Finance, 57(5): 2223-2261.

"International Financial Contagion: Theory and Evidence in Evolution." Rigobon, Roberto. The Research Foundation of AIMR, August, 2002. ​

"Contagion: How to measure it?" Rigobon, Roberto. In Edwards, Sebastian, and Jeffrey Frankel (eds.), "Preventing Currency Crises in Emerging Markets." Chicago: The University Chicago Press, 2002, 269-334. ​

"Contagion in Latin America: Definitions, Measurement, and Policy Implications." Forbes, Kristin J., and Roberto Rigobon (Spring 2001). Economia, 1(2): 1-46.

"Measuring Contagion: Conceptual and Empirical Issues." Forbes, Kristin, and Roberto Rigobon. In Claessens, Stijn, and Kristin Forbes, International Financial Contagion. Kluwer Academic Publishers, 2001. ​

"The Role of American Depositary Receipts in the Development of Emerging Markets: A Comment." Rigobon, Roberto (Fall 2001). Economia, 2(1): 258-265.

“Balance-of-payments crises in emerging markets," by Guillermo Calvo. Rigobon, Roberto. In Krugman, Paul (ed.), Currency Crises. Chicago: University of Chicago Press, 2000. ​

"Financial Contagion in Emerging Markets," Rigobon, Roberto, with Eduardo Fernandez Arias in Wanted: World Financial Stability. Rigobon, Roberto. Arias, Eduardo Fermandez, and Ricardo Hausmann (eds.). IDB, 2000. ​

"An Optimal Spending Rule Facing Oil Income Uncertainty (Venezuela)." Hausmann, Ricardo, Powell, Andrew, and Rigobon, Roberto. In Engel, Eduardo and Patricio Meller (eds.), External shocks and stabilization mechanisms. Washington, D.C.: Inter-American Development Bank; distributed by Johns Hopkins University Press, 1993, 113-171. ​

"Gas subsidy in Venezuela: Its distributional impact." Rigobon, Roberto. In Hausmann, Ricardo and Rigobon, Roberto (eds.), Government spending and income distribution in Latin America. Washington, D.C.: Inter-American Development Bank; distributed by Johns Hopkins University Press, Baltimore, 1993. ​

Government Spending and Income Distribution in Latin America. Washington, D.C.: Inter-American Development Bank, 1993.

Government Spending and Income Distribution in Latin America. Washington, D.C.: Inter-American Development Bank, 1993.

"Government Spending and Income Distribution in Latin America." Hausmann, Ricardo and Rigobon, Roberto (eds.). Washington, DC: Inter-American Development Bank; distributed by Johns Hopkins University Press, Baltimore, 1993.

"A stabilization program for Venezuela: An analysis.'' Rigobon, Roberto, and J.C. Navarro (1992). Coyuntura Economica. ​ (1992)

"Financial regulatory system in Venezuela," Rigobon, Roberto, with Hausmann, Ricardo, and Carlos Jaramillo (1990). CEPAL (in Spanish). (1990)

 

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