Lecture Notes · Lecture Notes
MIT OpenCourseWare
Economic Crises
Art: William Playfair, Chart of Universal Commercial History, 1805 · Public domain
- Instructor
- Prof. Ricardo Caballero
- Term
- Spring 2026
- Level
- Graduate
- What's inside
- 1 problem set · 5 solutions · 1 reading · 9 other files · 1 web page
- Materials open
- MIT OCW
About this course
Source: MIT OpenCourseWare 14.454 Economic Crises, Spring 2026, Prof. Ricardo Caballero — original course page on ocw.mit.edu ↗. License: CC BY-NC-SA 4.0. Study order: MIT's own listing order, section by section. Taken from MIT's published course files, downloaded from ocw.mit.edu on September 23, 2026. How RedLectern is built.
Materials are grouped the way MIT organized them. A verified, course-wide order has not been established here.
Has MIT solutions
Before you start
Prerequisites are not listed here. Check MIT's own syllabus for this course.
How this course was organized
What's here, and what isn't
- 1 of 1 assignments/exams couldn't be tied to a specific point in the course, so a single, verified course-wide order isn't shown — materials are grouped by section instead.
Not included here
64 items from the source could not be safely included:
- MIT's page format for this item wasn't recognized clearly enough to place it safely. (63 items)
- Found in the source, but not linked to a specific point in the course, so it isn't shown as an activity.
Materials by section
Grouped by section, as MIT organized them. Not sequenced or ordered.
Problem Sets
Course outline
Lecture Notes · Lecture Notes
Lecture 2: Collateral and Amplification
Lecture Notes · Lecture Notes
Lecture 3: The Credit Crunch
Lecture Notes · Lecture Notes
Lecture 4: Runs, Panics, and Contagions
Lecture Notes · Lecture Notes
Lecture 5: Bubbles and Speculation
Lecture Notes · Lecture Notes
Lecture 6: Credit Booms
Lecture Notes · Lecture Notes
Lecture 7: The Liquidity Trap and Leverage
Lecture Notes · Lecture Notes
Lecture 8: Capital Flows and Sudden Stops
Lecture Notes · Lecture Notes
Lecture 9: Financial Conditions Guidance: The Recruitment Effect
Problem Sets · Problem Set
All Problem Sets
MIT OpenCourseWare, Prof. Ricardo Caballero, 14.454 Economic Crises, Spring 2026.
License: CC BY-NC-SA 4.0 · Edition: Spring 2026 · Open the original course on OCW ↗
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