NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Fire Sales in a Model of Complexity

Ricardo J. Caballero, Alp Simsek

NBER Working Paper No. 15479
Issued in November 2009

---- Acknowledgements -----

We thank David Laibson, Frederic Malherbe, Juan Ocampo, and seminar participants at Harvard and MIT for their comments, and the NSF for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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