Eminent macroeconomist Ricardo Caballero appointed MAS Term Professor at NUS

The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Ricardo Caballero as the MAS Term Professor in Economics and Finance from 14 to 25 November 2022. Professor Caballero will be hosted by the NUS Faculty of Arts and Social Sciences’ Department of Economics, and the Economic Policy Group of MAS during the term of the Professorship.

Professor Caballero is the Ford International Professor of Economics, a director of the World Economic Laboratory at the Massachusetts Institute of Technology (MIT), and a research associate of the National Bureau of Economic Research, United States. He was the Chairman of MIT’s Economics Department from 2008 to 2011. In addition, he has been a visiting scholar and consultant at various central banks and government institutions including the European Central Bank, the Federal Reserve Board, the International Monetary Fund as well as the World Bank.

Professor Caballero is a renowned authority in macroeconomics, international economics and finance, and has an extensive list of publications in all major academic journals in economics. Among his major awards are the Frisch Medal of the Econometric Society in 2002 and the Smith Breeden First Prize in 2008 for the best paper in the Journal of Finance. Professor Caballero is also a Fellow of the Econometric Society and a member of the American Academy of Arts and Sciences.

Professor Lionel Wee, Dean of NUS Faculty of Arts and Social Sciences, said, “We are deeply honoured to host Professor Ricardo Caballero as the MAS Term Professor and look forward to his collaboration with our Department of Economics. His extensive knowledge and research, particularly in the areas of monetary and fiscal policies, adds breadth and depth to the global learning experience we offer, greatly benefitting our faculty and students.”

Mr Edward Robinson, Deputy Managing Director (Economic Policy) and Chief Economist at MAS, said, “Professor Caballero is a highly regarded international macroeconomist who has made significant contributions to policy issues of relevance to open economies. He is known for his research on global financial imbalances, capital flows, and the causal mechanisms behind financial crises. He also has a keen understanding of financial markets, having worked with the asset management industry. It is a great privilege to welcome him as the MAS Term Professor and we look forward to learning from such a distinguished scholar.”

Professor Caballero will deliver a public lecture on ‘Inflation and Markets Post-Covid: An Upside Down World’ at NUS on 16 November 2022. He will discuss the implications of higher inflation for financial markets. In addition, Professor Caballero will give a research seminar, engage in dialogue sessions with NUS faculty members to discuss his latest research findings, and advise PhD students on their research.

At MAS, Professor Caballero will also give a seminar, and engage senior policymakers and economists on international finance and monetary policy issues.

About the MAS Term Professorship in Economics and Finance

First established in 2009, the MAS Term Professorship in Economics and Finance is awarded to distinguished scholars, who are appointed as Visiting Professors at both the Department of Economics at the NUS Faculty of Arts and Social Sciences and the NUS Business School. It aims to strengthen Singapore’s financial and economics research infrastructure and contribute to a vibrant research community and culture at local universities.

The MAS Term Professorship in Economics and Finance has been awarded to 21 distinguished scholars over the last 13 years.