Roberto Rigobon

Society of Sloan Fellows Professor of Management
Professor of Applied Economics

Biography | Selected Publications

"Macroeconomics and On-Line Prices." Rigobon, Roberto. LACEA’s Presidential Address. Economia Vol. 15, No. 2 (2015): 199-213. ​ (2015)

"Prices and Supply Disruptions During Natural Disasters." Cavallo, Eduardo, Alberto Cavallo and Roberto Rigobon. Review of Income and Wealth Vol. 60, No. S2 (2014): S449-S471 (2014)

"Currency Unions, Product Introductions, and the Real Exchange Rate." Cavallo, Alberto, Brent Neiman and Roberto Rigobon. Quarterly Journal of Economics Vol. 129, No. 2 (2014): 529-595. (2014)

"Unexploited Gains from International Diversification." Didier, Tatiana, Roberto Rigobon and Sergio Schmukler. Review of Economics and Statistics Vol. 95, No. 5 (2013): 1562-1583. (2013)

"Measuring Sovereign Contagion in Europe." Caporin, Massimiliano, Loriana Pelizzon, Francesco Ravazzolo and Roberto Rigobon, NBER Working Paper 18741. Cambridge, MA: National Bureau of Economic Research, January 2013.

"International Macro-Finance." Pavlova, Anna and Roberto Rigobon. In Encyclopedia of Financial Globalization, edited by Gerard Caprio, 169-176. New York, NY: Academic Press, 2012.

"Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions." Cavallo, Eduardo Alfredo, Andrew Powell and Roberto Rigobon. International Journal of Finance and Economics Vol. 18, No. 3 (2012): 240-265. (2012)

"Equilibrium Portfolios and External Adjustment under Incomplete Markets." Pavlova, Anna and Roberto Rigobon, Working Paper. American Finance 2009 Meetings, 2012.

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

"Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission." Ehrmann, Michael, Marcel Fratzscher and Roberto Rigobon. Journal of Applied Econometrics Vol. 26, No. 6 (2011): 948-974. (2011)

"The Distribution of the Size of Price Changes." Cavallo, Alberto and Roberto Rigobon, NBER Working Paper w16760. Cambridge, MA: National Bureau of Economic Research, February 2011.

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

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

"Dealing with Expropriations: General Guidelines for Oil Production Contracts." Rigobon, Roberto. In The Natural Resources Trap, edited by William Hogan and Federico Sturzeneger, 227-254. Cambridge, MA: MIT Press, 2010.

"Currency Choice and Exchange Rate Pass-through." Gopinath, Gita, Oleg Itskhoki and Roberto Rigobon. American Economic Review Vol. 100, No. 1 (2010): 304-336. (2010)

"An Asset Pricing View of External Adjustment." Pavlova, Anna and Roberto Rigobon. Journal of International Economics Vol. 80, No. 1 (2010): 144-156. (2010)

"Capital Controls, Managed Exchange Rates, and External Vulnerability." Rigobon, Roberto and Sebastian Edwards. Journal of International Economics Vol. 78, No. 2 (2009): 256-267. (2009)

"Bias from Censored Regressors." Rigobon, Roberto and Thomas M. Stoker. Journal of Business and Economic Statistics Vol. 27, No. 3 (2009): 340-353. (2009)

"Distribution of Inflation Impact: The Recent Experiences in Central America and Mexico." Roberto Rodrigo. (2008)

"The Role of Portfolio Constraints in the International Propagation of Shocks." Pavlova, Anna and Roberto Rigobon. Review of Economic Studies Vol. 75, No. 4 (2008): 1215-1256 (2008)

"Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices." Rigobon, Roberto and Brian Sack. In Asset Prices and Monetary Policy, edited by John Y. Campbell, 335-370. Chicago, IL: University of Chicago Press, 2008. ​ (2008)

"Exchange Rate Volatility." Rigobon, Roberto. In The New Palgrave Dictionary of Economics, edited by Steven N. Durlauf and Lawrence E. Blume. London, UK: Palgrave Macmillan, 2008.

"Sticky Borders." Gopinath, Gita and Roberto Rigobon. Quarterly Journal of Economics Vol. 123, No. 2 (2008): 531-575. (2008)

"Estimation with Censored Regressors: Basic Issues." Rigobon, Robert and Thomas M. Stoker. International Economic Review Vol. 48, No. 4 (2007): 1441-1467. (2007)

"Asset Prices and Exchange Rates." Pavlova, Anna and Roberto Rigobon. Review of Financial Studies Vol. 20, No. 4 (2007): 1139-1180. (2007)

"Empirical Methods in Contagion: Which Ones Work, Which Ones Don’t?" Rigobon, Roberto. In International Macroeconomics: Recent Developments, edited by Amalia Morales Zumaquero, 227-255. New York, NY: Nova Science Publishers Inc., 2007. ​ (2006)

"The Long Run Puzzle of the Real Exchange Rate Volatility." Hausmann, Ricardo, Ugo Panizza and Roberto Rigobon. Journal of International Money and Finance Vol. 25, No. 1 (2006): 93-124. (2006)

"Why are Capital Flows so Much More Volatile in Emerging than in Developed Countries?" Broner, Fernando A. and Roberto Rigobon. In External Vulnerability and Preventive Policies, edited by Ricardo Caballero, César Calderón and Luis Felipe Céspedes. Santiago, Chile: Banco Central de Chile, 2006.

"Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships." Rigobon, Roberto and Dani Rodrik. The Economics of Transition Vol. 13, No. 3 (2005): 533-564. (2005)

"The Effects of War Risk on US Financial Markets." Rigobon, Roberto and Brian Sack. Journal of Banking and Finance Vol. 29, No. 7 (2005): 1769-1789. (2005)

"Identifying the Efficacy of Central Bank Interventions: Evidence from Australia and Japan." Kearns, Jonathan and Roberto Rigobon. Journal of International Economics, Vol. 66, No. 1 (2005): 31-48. ​ (2005)

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

"Comment: 'When it Rains, it Pours,' by Graciela Kaminsky, Carmen Reinhart and Carlos Vegh." Roberto Rigobon. In NBER Macro Annual, edited by Mark Gertler and Kenneth Rogoff. Cambridge, MA: April 2005.

"Once Again, is Account Openness Good for Growth?" Lee, Ha Yan, Luca Antonio Ricci and Roberto Rigobon. Journal of Development Economics Vol. 75, No. 2 (2004): 451-472. ​ (2004)

"The Impact of Monetary Policy on Asset Prices." Rigobon, Roberto and Brian Sack. Journal of Monetary Economics Vol. 51, No. 8 (2004): 1553-1575. ​ (2004)

"Book Review." Rigobon, Roberto. Review of Too Sensational: On the Choice of Exchange Rate Regimes, by W. Max Corden. Journal of International Economics, October 2004.

"On the Measurement of the International Propagation of Shocks: Are they Stable?" Rigobon, Roberto. Journal of International Economics Vol. 61, No. 2 (2003): 261-283. ​ (2003)

"Identification Through Heteroskedasticity." Rigobon, Roberto. Review of Economics and Statistics Vol. 85, No. 4 (2003): 777-792. (2003)

"Resource Curse or Debt Overhang?" Manzano, Osmel and Roberto Rigobon. In Natural Resources: Neither Curse nor Destiny, edited by Daniel Lederma and William F. Maloney, 41-70. Palo Alto, CA: Stanford University Press, 2003.

"An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications." Hausmann, Ricardo and Roberto Rigobon. In Fiscal Policy Formulation and Implementation in Oil-Producing Countries, edited by Jeffrey M. Davis, Rolando Ossowski and Annalisa Fedelino, 13-44. Washington, DC: International Monetary Fund, 2003.

"Measuring the Reaction of Monetary Policy to the Stock Market." Rigobon, Roberto and Brian Sack. Quarterly Journal of Economics Vol. 118, No. 2 (2003): 639-669. (2003)

"Currency Crises and Contagion: An Introduction." Edwards, Sebastian and Roberto Rigobon. Journal of Development Economics Vol. 69, No. 2 (2002): 307-313.​ (2002)

"Disinflation and Fiscal Reform: A Neoclassical Perspective." Rigobon, Robert. Journal of International Economics Vol. 58, No. 2 (2002): 265-297. ​ (2002)

"The Curse of Non-investment Grade Countries." Rigobon, Roberto. Journal of Development Economics Vol. 69, No. 2 (2002): 423-449. ​ (2002)

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

International Financial Contagion: Theory and Evidence in Evolution. Rigobon, Roberto. New York, NY: Research Foundation of AIMR, 2002.

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

"Contagion in Latin America: Definitions, Measurement, and Policy Implications." Forbes, Kristin and Roberto Rigobon. Economia Vol. 1, No. 2 (2001): 1-46. (2001)

"Measuring Contagion: Conceptual and Empirical Issues." Forbes, Kristin and Roberto Rigobon. In International Financial Contagion, edited by Stijn Claessens and Kristin Forbes, 43-66.  New York, NY: Kluwer Academic Publishers, 2001.

"The Role of American Depositary Receipts in the Development of Emerging Markets: A Comment." Rigobon, Roberto. Economia Vol. 2, No. 1 (2001): 258-265. (2001)

"Financial Contagion in Emerging Markets." Arias, Eduardo Fernandez and Roberto Rigobon. In Wanted: World Financial Stability, edited by Eduardo Fermandez Arias and Ricardo Hausmann. Washington, DC: Inter-American Development Bank, 2000. ​

Comment: Balance-of-Payments Crises in Emerging Markets". Rigobon, Roberto. In Currency Crises, edited by Paul Krugman, 97-104. Chicago, IL: University of Chicago Press, 2000. ​

Gas Subsidy in Venezuela: Its Distributional Impact." Rigobon, Roberto. In Government Spending and Income Distribution in Latin America, edited by Ricardo Hausmann and Roberto Rigobon. Washington, DC: Inter-American Development Bank; distributed by Johns Hopkins University Press, Baltimore, 1993. ​

"Government Spending and Income Distribution in Latin America." Hausmann, Ricardo and Roberto Rigobon. Washington, DC: Inter-American Development Bank, 1993.

"An Optimal Spending Rule Facing Oil Income Uncertainty (Venezuela)." Hausmann, Ricardo, Andrew Powell and Roberto Rigobon. In External Shocks and Stabilization Mechanisms, edited by Eduardo Engel and Patricio Meller, 113-171. ​Washington, DC: Inter-American Development Bank, 1993. 

"A Stabilization Program for Venezuela: An Analysis.'' Rigobon, Roberto and Juan Carlos Navarro. Coyuntura Economica Vol. 22, No. 3 (1992): 133-151. (1992)

"Financial Regulatory System in Venezuela." Roberto Rigobon, Ricardo Hausmann and Carlos Jaramillo. In CEPAL. Santiago, Chile: 1990.


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