Curriculum Vitae
Jordi Caballé Vilella
PERSONAL
DATA
Address: Universitat Autònoma de
Barcelona
Departament
d'Economía i d'Historia Econòmica
Edifici B
08193 Bellaterra
(Barcelona), Spain.
Phone: (+34) 935.812.367
E-mail: jordi.caballe@uab.es
Webpage: http://pareto.uab.es/jcaballe
EDUCATION
- Ph. D in Economics, University of
Pennsylvania, USA (1989).
Supervisor: Beth Allen.
Thesis Committee: Richard Kihlstrom,
George Mailath, Andrew Postlewaite.
- Master (A. M.) in Economics, University of
Pennsylvania, USA (1986).
- Bachelor in Economics and Business, Universitat de
Barcelona, Spain (1981).
TEACHING AND RESEARCH APPOINTMENTS
- Professor, Department of Economics and
Economic History, Universitat Autònoma de Barcelona (1997-...)
- ICREA Academia Researcher (2010-2014).
- Visiting Professor, Institute for Economic Analysis,
Consejo Superior de Investigaciones Científicas (2008-2009).
- Affiliated Professor, Barcelona School
of Economics (2008-...)
- Member of CREA/XREA (Centre/Xarxa de Referencia
d’Economia Analítica) – Barcelona Economics, Generalitat de Catalunya
(2003-2008).
- Member of CODE (Centre Especial de Recerca de les
Organizacions i de les Decisions Econòmiques), Universitat Autònoma de
Barcelona (1995-...)
- Associate Professor, Department of Economics and
Economic History, Universitat Autònoma de Barcelona (1991-1997).
- Assistant Professor, Department of Economics and
Economic History, Universitat Autònoma de Barcelona (1989-1991).
ARTICLES IN JOURNALS
- “Emigration and Fiscal Austerity in a
Depression" by Bandeira, G., Caballé, J., and Vella, E., Journal of Economic Dynamics and Control 144, 104539
(2022).
- “Do Aspirations Reduce Differences in Wealth Accumulation?” by
Caballé, J. and Moro-Egido, A.I., Economic Modelling, 102, 105553 (2021).
- “Disclosure of Corporate Tax Reports, Tax Enforcement, and Price Information” by Caballé, J. and Dumitrescu, A., Journal of Banking and Finance 121, 105978 (2020).
- “Intergenerational Mobility in Education and Occupation” by Alonso-Carrera, J., Caballé, J.
and Raurich, X., Macroeconomic Dynamics 24, 291-326 (2020).
- “Intergenerational Mobility: Measurement and the Role of Borrowing Constraints and Inherited Tastes” by Caballé, J., SERIEs, Journal of the Spanish Economic Association 7, 393-420 (2016).
- “Consumption Composition and Macroeconomic Dynamics” by Alonso-Carrera, J., Caballé, J. and Raurich, X., B.E. Journal of Macroeconomics (Advances) 15, 1-42 (2015).
- “Effects of Aspirations and Habits on the Distribution of
Wealth” by Caballé, J. and Moro-Egido, A.I., Scandinavian Journal of
Economics 116, 1012-1043 (2014).
- “Fiscal Policy, Composition of Intergenerational
Transfers, and Income Distribution” by Alonso-Carrera, J., Caballé, J. and
Raurich, X., Journal of Economic Behavior
and Organization 84, 62-84 (2012).
- “The Role of Central Bank Operating Procedures in an Economy
with Productive Government Spending” by Caballé J. and Hromcová, J., Computational
Economics 37, 39-65 (2011).
- “Martingalas y Valoración de Activos Financieros II: Aplicaciones y Extensiones” by Caballé, J., Matematicalia 5, http://www.matematicalia.net/index.php?option=com_wrapper&Itemid=492 (2009).
- “Can Consumption Spillovers Be a Source of
Equilibrium Indeterminacy?” by
Alonso-Carrera, J., Caballé, J. and Raurich, X., Journal of Economic Dynamics and
Control
32, 2883-2902 (2008).
-
“Estate Taxes, Consumption Externalities, and Altruism” by Alonso-Carrera, J.,
Caballé, J. and Raurich, X., Journal of Public Economics 92, 1751-1764
(2008).
- “Martingalas y
Valoración de Activos Financieros I: Existencia” by Caballé, J., Matematicalia
4, http://www.matematicalia.net/index.php?option=com_wrapper&Itemid=470 (2008).
-
“Stochastic Dominance and Absolute Risk Aversion” by Caballé, J. and Esteban,
J., Social Choice and Welfare 28, 89-110 (2007).
-
“Aspirations, Habit Formation, and Bequest Motive” by Alonso-Carrera, J.,
Caballé, J. and Raurich, X., Economic Journal 117, 813–836
(2007).
- “Tax Rates, Tax
Evasion, and Growth in a Multi-period Economy” by Caballé, J. and Panadés, J., Hacienda
Pública Española / Revista de Economía Pública 183, 67-80 (2007).
- “Chaotic Dynamics
in Credit Constrained Emerging Economies” by Caballé, J., Jarque, X. and
Michetti, E., Journal of Economic Dynamics and Control 30, 1261-1275
(2006).
-
“Welfare Implications of the Interaction between Habits and Consumption
Externalities” by Alonso-Carrera, J., Caballé, J. and Raurich, X., International
Economic Review 47, 557-571 (2006).
- “Cost
Uncertainty and Taxpayer Compliance” by Caballé, J. and Panadés, J., International Tax and Public Finance 12,
239-263 (2005).
-
“Growth, Habit Formation, and Catching-up with the Joneses” by Alonso-Carrera,
J., Caballé, J. and Raurich, X., European
Economic Review 49, 1665-1691 (2005).
-
“Inflation, Tax Evasion, and the Distribution of Consumption” by Caballé, J.
and Panadés, J., Journal of
Macroeconomics 26, 567-595 (2004).
-
“Consumption Externalities, Habit Formation, and Equilibrium Efficiency” by
Alonso-Carrera, J., Caballé, J. and Raurich, X., Scandinavian Journal of Economics 106, 231-251 (2004).
-
“Pay-as-you-go Social Security and the Distribution of Altruistic Transfers” by
Caballé, J. and Fuster, L., Review of
Economic Studies 70, 541-567 (2003).
-
“Speculating Against an Overconfident Market” by Caballé, J. and Sákovics, J., Journal of Financial Markets 6, 199-225
(2003).
- “Tax
Evasion and Economic Growth” by Caballé J. and Panadés, J., Public Finance / Finances Publiques 52,
318-340 (2000).
-
“Growth Effects of Taxation under Altruism and Low Elasticity of Intertemporal
Substitution” by Caballé, J., Economic
Journal 108, 92-104 (1998).
-
“Complete Monotonicity, Background Risk, and Risk Aversion” by Caballé, J. and
Pomansky, A., Mathematical Social
Sciences 34, 205-222 (1997).
- “Mixed
Risk Aversion” by Caballé, J. and Pomansky, A., Journal of Economic Theory 71, 485-513 (1996).
-
“Endogenous Growth, Human Capital, and Bequests in a Life-Cycle Model” by
Caballé, J., Oxford Economic Papers
47, 156-181 (1995).
-
“Social Rents, Interest Rates, and Growth” by Caballé J. and Manresa, A., Economics Letters 45, 413-419 (1994).
-
“Imperfect Competition in a Multi-Security Market with Risk-Neutrality” by
Caballé, J. and Krishnan, M., Econometrica 62, 695-704 (1994).
-
“Transmission and Production of Information in Imperfectly Competitive
Financial Markets” by Caballé, J., Journal
of Economics and Business 45, 409-419 (1993).
- “On
Endogenous Growth with Physical and Human Capital” by Caballé, J. and Santos,
M., Journal of Political Economy 101,
1042-1067 (1993).
-
“Impuestos, Acumulación de Capital y Crecimiento” by Caballé, J., Hacienda Pública Española 123-4, 59-76
(1992).
-
“Market versus Limit Orders” by Caballé, J., Economics Letters 40, 339-344 (1992).
-
“Transmisión de Información en Mercados Financieros con Competencia Imperfecta”
by Caballé, J., Cuadernos Económicos de
ICE 49, 61-87 (1991).
- “Mercados
Financieros y Finanzas Corporativas: Presentación” by Caballé, J., Cuadernos Económicos de ICE 49, 3-7
(1991).
-
“Expectativas Racionales, Competencia Perfecta y Comportamiento Estratégico en
los Mercados Financieros” by Caballé, J., Investigaciones
Económicas 15, 3-34 (1991).
-
“Public Information and Strategic Behavior in Financial Markets” by Caballé,
J., Revista Española de Economía 7,
67-94 (1990).
CHAPTERS IN BOOKS AND OTHER PUBLICATIONS
- “Productivity
Shocks, VAT Hikes and Emigration” by Bandeira,
G., Caballé, J., and Vella, E., Understanding Migration with Macroeconomics
(Vella, E., Caballé, J., and Llull, J., eds.), Palgrave Macmillan, 187-222
(2020).
- “Understanding
Migration with Macroeconomics” by Vella, E.,
Caballé, J., and Llull, J. (eds). Palgrave Macmillan (2020).
- “Transferencias Intergeneracionales, Altruismo y
Crecimiento Económico” by Caballé, J., Estudios en homenaje a Luís Ángel Rojo. Vol. I,
Políticas, Mercados e Instituciones Económicas.
(Pérez-Fernández, J., Sebastián, C., and Tedde de Lorca, P., ed.), Editorial
Complutense (Madrid), 37-64 (2004).
- “Primas de Riesgo y Preferencias de los Inversores” by
Caballé, J., Seminari de finances de
Barcelona. Curs 2001-2002 (Del Castillo, J. and Nualart, D., ed.), Institut
d’Estudis Catalans (Barcelona), 77-95
(2002).
- “Una Visió Retrospectiva de l'Obra de Robert Mundell”
by Caballé, J., Els premis Nobel de l’any
1999, Institut d’Estudis Catalans (Barcelona), 97-123 (2000).
- “Alternative Models of Control:
Efficiency, Accessibility and Market Failures. Comment” by Caballé, J., Property Rights, Incentives and Welfare
(Roemer, J., ed.), McMillan (London), 213-215 (1997).
WORKING PAPERS
- “Intergenerational
Mobility, Occupational Decision and the Distribution of Wages” y Alonso-Carrera, J., Caballé, J. and Raurich, X., Barcelona
GSE Working Papers Series 945 (2016).
- “Tax Evasion, Technology Shocks, and the Cyclicality of Government
Revenues”
by Caballé, J. and Panadés, J., Barcelona GSE Working Papers Series 546 (2011).
-
“Income Taxation with Habit Formation and Consumption Externalities” by
Alonso-Carrera, J., Caballé, J. and Raurich, X., UAB-IAE W.P. 496.01
(2001).
- “The Sources of
Volatility in a Dynamic Financial Market with Insider Trading” by Caballé, J.
and Krishnan, M., SEEDS Southern European Economics Discussion Series 142
(1995).
EDITORIAL AND REFEREEING ACTIVITIES
- Editor:
Spanish Economic Review (2004-2006).
Barcelona GSE Focus (2014-2019)
- Co-Editor:
Spanish Economic Review (2001-2003).
- Editorial Boards:
Portuguese Economic Journal (2002-...).
Journal of Macroeconomics (2003-2015).
Revista Econòmica de Catalunya (2011-…)
Revista Española de Economia (1995-2000).
Investigaciones Económicas (1994-1998).
- Refereeing Services:
Econometrica, Spanish Economic Review, Investigaciones
Económicas, Agencia Nacional de Evaluación y Prospectiva, Economic Theory,
Mathematical Social Sciences, Economic Journal, Journal of Economic Theory,
Journal of Macroeconomics, Review of Economic Studies, Journal of Economic
Behaviour and Organization, Journal of Public Economics, American Economic
Review, Journal of Risk and Insurance, Journal of Economic Growth, European
Economic Review, Canadian Journal of Economics, Optimization, Economic Inquiry,
Review of Economic Dynamics, Journal of Economics, Journal of Financial
Intermediation, Economica, German Economic Review, Portuguese Economic Journal,
Economics of Education Review, Instituto Valenciano de Investigaciones
Económicas, Fundación BBVA, Fundación Ramon Areces, International Economic
Review, National Tax Journal, Journal of the European Economic Association,
Oxford Economic Papers, Journal of Economic Dynamics and Control, Macroeconomic
Dynamics, International Review of Economics and Finance, Social Sciences and
Humanities Research Council of Canada, Economics Letters, Studies in Nonlinear
Dynamics & Econometrics, Bulletin of Economic Research, Hacienda Pública
Española, Journal of Mathematical Economics, Research in Economics Economic Modelling, Journal of Public
Economic Theory, Journal of Population Economics, Agencia para
PH.D. THESIS SUPERVISION
- Alfredo Contreras Eitner, "Essays in Rational Inattention and Market Microstructure," Universitat Autónoma de Barcelona (2021).
- Tommaso Santini, “Three Essays on Automation”
(co-supervisor: Javier Fernandez-Blanco), Universitat Autónoma de Barcelona
(2021).
- Adrián Pino Alcalde, “Essays on the Spanish Macroeconomy”
(co-supervisor: Nezih Guner), Universitat Autónoma de Barcelona (2016).
- Joaquim
Naval Navarro. “Essays on Development Economics from a Macroeconomic
Perspective,” Universitat Autónoma de Barcelona (2013).
- Lorenzo
Burlon. “Essays on Intersectoral Dynamics,” Universitat Autónoma de Barcelona
(2011).
- H. Nur
Ata Nurcan. “Self Control and Debt: Theory and
Evidence,” Universitat
Autónoma de Barcelona (2009).
-
Alexandre Dmitriev. “On
Endogenous Market Incompleteness, Cycles, and Growth,” Universitat Autónoma de Barcelona (2007).
- Jesús
E. Morales Piñero. “Essays on Macroeconomic Theory: Technology
Adoption, the Informal Economy, and Monetary Policy” (co-supervisor: Andrés
Erosa), Universitat Autónoma de Barcelona (2006).
- Ariadna
Dumitrescu. “Strategic Behaviour in Financial Markets,” Universitat Autónoma de
Barcelona (2003).
- Begoña
Domínguez Manzano. “Essays on Time-Consistency of Optimal Fiscal Policy,”
Universitat Autónoma de Barcelona (2002).
- Fuensanta
Morales Illán. “Essays on Growth through Creative Destruction,” Universitat
Autónoma de Barcelona (2001).
- Jana
Hromocová. “Essays on Money and Endogenous Growth,” Universitat Autónoma de
Barcelona (1999).
- Javier
Coto Martínez.“Imperfect Competition and Macroeconomics,” Universitat Autónoma
de Barcelona (1999).
- Xavier
Raurich Puigdevall. “Essays on Economic Growth and Government Spending,”
Universitat Autónoma de Barcelona (1998).
- Jaime
Alonso Carrera. “Essays on Two-Sector Models of Endogenous Growth, Universitat
Autónoma de Barcelona (1997).
- Carolina
Manzano Tovar. “Essays on Financial Markets,” Universitat Autónoma de Barcelona
(1996).
- Mª Luisa
Fuster Pérez. “Altruismo y Acumulación de Capital,” Universitat Autónoma de
Barcelona (1994).
RESEARCH INTERESTS
Economic Growth; Financial Economics;
Decision under Uncertainty; Macroeconomic Policy.
TEACHING EXPERIENCE
Finance (graduate). Macroeconomics
(undergraduate and graduate). Statistics (undergraduate and graduate).
COMMITTEES IN SCIENTIFIC MEETINGS
- Local Organizer, Annual Meeting of the Society for Economic
Dynamics, 2024 (Barcelona, Spain).
- Scientific Committee, 3rd Winter
Workshop (Societat Catalana d'Economia – Institut d’Estudis Catalans), 2023 (Barcelona,
Spain).
- Local Scientific Committee, 49th Annual
Meeting of the European Finance Association (EFA), 2022 (Barcelona, Spain).
- Organizer, MOVE-Barcelona GSE Macroeconomics Workshop in honor of Timothy J. Kehoe,
2016 (Bellaterra, Spain).
- Organizer, Workshop on Socio-Economic Mobility, Inequality and Growth, Summer Forum of the Barcelona Graduate School of Economics, 2015, 2016 (Barcelona, Spain).
- Programme Committee, European Meeting of
the Econometric Society, 1996 (Istanbul, Turkey), 1997 (Toulouse, France), 2001
(Lausanne, Switzerland), 2002 (Venice, Italy).
- Programme Committee, European Economic
Association Congress, 2003 (Stockholm, Sweden), 2004 (Madrid, Spain), 2005
(Amsterdam, Netherlands).
- Scientific Committee, Meeting of the
Association of Southern European Economic Theorists (ASSET), 2004 (Barcelona,
Spain).
- Scientific Committee, Simposio de
Análisis Económico, XXII 1997 (Barcelona, Spain), XXVI 2001 (Alicante, Spain),
XXVII 2002 (Salamanca, Spain), XXIX 2004 (Pamplona, Spain).
- Local Committee, Summer School of the
European Economic Association on “The Sources of European Growth,” 2000
(Barcelona, Spain).
- Scientific Committee, III Jornadas de
Economía Financiera, 1998 (Bilbao, Spain).
- Programme Committee, Manresa Conference
on Finance (organized by Caixa Manresa-CEPR-IAE-EER), 2000 (Manresa, Spain).
- Programme Committee, 3rd International
Conference on Economic Theory: Growth and Business Cycles, 1996 (Santiago de
Compostela, Spain).
- Coordinator of the Mini-workshop in
Mathematical Economics, Conference on “Optimization, Theory, Algorithms, and
Applications in Economics”, 2011 (Bellaterra, Spain).
PARTICIPATION IN SCIENTIFIC MEETINGS
2023
VI Workshop of the Spanish Macroeconomics Network, Sevilla, Spain.
2019 2nd Catalan
Economic Society Conference, Barcelona, Spain.
2018 43
Simposio de la Asociación Española de Economía, Madrid, Spain.
Round table on “Climate change and innovation in economic growth” in honor of William Nordhaus and Paul Romer (Nobel Prize in Economics, 2018), Madrid, Spain.
ADEMU (A Dynamic Economic and Monetary Union) Final Conference. Florence, Italy.
2016 Workshop on Socio-Economic Mobility, Inequality and Growth, Summer Forum of the Barcelona Graduate School of Economics, Barcelona, Spain.
2015 40
Simposio de la Asociación Española de Economía, Girona, Spain.
ADEMU (A Dynamic Economic and Monetary Union) Conference "Reassessing the EU Monetary and Fiscal Framework", Cambridge, UK.
Conference on “The Shadow Economy, Tax Evasion and Fiscal Intermediaries” (Shadow 2015), Exeter, UK.
Association for Public Economic Theory Meeting (PET 2015), Luxembourg.
Workshop on Socio-Economic Mobility, Inequality and Growth, Summer Forum of the Barcelona Graduate School of Economics, Barcelona, Spain.
2014 XXXIX
Simposio de la Asociación Española de Economía, Palma de Mallorca, Spain.
2013 XXXVIII
Simposio de la Asociación Española de Economía, Santander, Spain.
2011 Conference
“The Shadow Economy, Tax Evasion, and Money Laundering” (Shadow 2011), Münster,
Germany.
2010 Conference
on “Polarization and Conflict”, Bellaterra, Spain.
2008 Meeting
of the Association of Southern European Economic Theorists (ASSET), Florence,
Italy.
XXXIII Simposio de la Asociación Española de Economía,
Zaragoza, Spain.
European Economic Association Congress,
Milan, Italy.
2007 XXXII
Simposio de la Asociación Española de Economía, Granada, Spain.
2006 XXXI
Simposio de la Asociación Española de Economía, Oviedo, Spain.
2005 XXX Simposio
de la Asociación Española de Economía, Murcia, Spain.
International Conference on Instability
and Fluctuations in Intertemporal Equilibrium Models, Marseille, France.
2004 XXIX
Simposio de la Asociación Española de Economía, Pamplona, Spain.
NoLineal
2004, Toledo, Spain.
2003 XXVIII
Simposio de la Asociación Española de Economía, Sevilla, Spain.
X
Encuentro de Economía Pública, Sta. Cruz de Tenerife, Spain.
2002 XXVII
Simposio de la Asociación Española de Economía, Salamanca, Spain.
2001 European
Meeting of the Econometric Society, Lausanne, Switzerland.
Meeting
of the Association of Southern European Economic Theorists (ASSET), Rethymno
(Crete), Greece.
2000 Summer
School of the European Economic Association on “The Sources of European
Growth,” Barcelona, Spain.
1998 European
Economic Association Congress, Berlin, Germany.
Meeting
of the Association of Southern European Economic Theorists (ASSET), Bologna,
Italy.
1997 Meeting
of the Association of Southern European Economic Theorists (ASSET), Marseille,
France.
Workshop
on Statistical Inference for Mathematical Finance, Barcelona, Spain.
1996
Market Microstructure Workshop.
Center of Economic Policy Research (CEPR), Barcelona, Spain.
XXI Simposio de Análisis Económico, Barcelona, Spain.
Association of Southern European Economic Theorists
(ASSET), Alicante, Spain.
1995 Jamboree
of the European Network for Training in Economic Research (ENTER), London, UK.
II Jornadas de Economía Financiera, Bilbao, Spain.
1er
Encuentro de Jóvenes Investigadores Gallegos de Análisis Económico, Santiago de
Compostela, Spain.
Meeting of the Association of Southern
European Economic Theorists (ASSET), Istanbul, Turkey.
XX Simposio de Análisis Económico, Barcelona, Spain.
1994 Meeting
of the Association of Southern European Economic Theorists (ASSET), Lisbon,
Portugal.
International
Economic Association Conference on Property Rights, Incentives and Welfare,
Barcelona, Spain.
1993 European
Winter Symposium of the Econometric Society, London, UK.
1992 XVII
Simposio de Análisis Económico, Barcelona, Spain.
1991 Meeting
of the Association of Southern European Economic Theorists (ASSET), Athens,
Greece.
XVI Simposio de Análisis Económico, Barcelona, Spain.
1990 6th
World Congress of the Econometric Society, Barcelona, Spain.
XV Simposio de Análisis Económico, Barcelona, Spain.
1989 Summer
Meeting of the Econometric Society, Ann Arbor, Michigan (USA).
Conference
on Microeconomic Functioning and Organization of Financial Markets,
Aix-en-Provence, France
FELLOWSHIPS AND AWARDS
FELLOWSHIPS:
- Fellowship of the Bank of Spain for
graduate studies in Economics (1985-1987).
- Dean’s Fellowship of the School of Arts
and Sciences of the University of Pennsylvania for doctoral students
(1987-1989).
AWARDS:
- ICREA Academia Award (2010).
- Honorary Fellow of the Spanish Economic
Association (2007).
- Sydney Weintraub Memorial Fellowship of
the University of Pennsylvania (1989).
- Dean’s Scholar of the School of Arts and
Sciences of the University of Pennsylvania (1989).
- Lawrence Robbins Prize of the University
of Pennsylvania (1986).
- Premi Extraordinari de Llicenciatura of the Universitat
de Barcelona (1981).
UNIVERSITY AND ADMINISTRATION SERVICES
- Member of the Advisory Board of the
"Independent Authority for Fiscal Responsibility" (2015-2020)
- Chairman of the Department of Economics
and Economic History, Universitat Autònoma de Barcelona (2010-2013).
- President of the Spanish Economic
Association (2013).
- Member of the Commission of evaluation
of research and advanced research in Social Sciences of the AQU, Agency for the
Evaluation of the Quality of the Catalan University System (2011-2016)
- Member of the experts’ panel of the
ACADEMIA program of ANECA (2008-2015).
- Dean of the School of Economics and
Business, Universitat Autònoma de Barcelona (2003-2005).
- Advisor of the Commission of evaluation
of research and advanced research in Social Sciences of the AQU, Agency for the
Evaluation of the Quality of the Catalan University System (2016-…)
- Secretary of the Department of Economics
and Economic History, Universitat Autònoma de Barcelona, (1996-2002 and
2020-...)
- Head of the Unit of Foundations of
Economic Analysis, Universitat Autònoma de Barcelona (1995-1996).
February 20, 2024