Details about Lawrence Christiano

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Workplace:	Department of Economics, Northwestern University, (more information at EDIRC)

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Short-id: pch45

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Working Papers

2009

1. When is the government spending multiplier large?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2007

2. Optimal Monetary Policy in a 'Sudden Stop'
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
3. Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
4. Two Reasons Why Money and Credit May be Useful in Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2006

5. Assessing Structural VARs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
6. Two Flaws In Business Cycle Accounting
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2005

7. Firm-Specific Capital, Nominal Rigidities and the Business Cycle
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2004

8. The Great Depression and the Friedman-Schwartz Hypothesis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
9. The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2003

10. Stock Market and Investment Goods Prices: Implications for Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
11. What Happens After a Technology Shock?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2002

12. Expectation Traps and Monetary Policy
    Macroeconomics, EconWPA View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
13. Monetary Policy in a Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations
    Working Paper, Federal Reserve Bank of Cleveland (2002) View citations

2001

14. How Severe is the Time Inconsistency Problem in Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
15. Maximum likelihood in the frequency domain: the importance of time-to-plan
    Working Paper, Federal Reserve Bank of Cleveland View citations
16. Money Growth Monitoring and the Taylor Rule
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
17. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (2001) View citations

2000

18. Habit persistence, asset returns and the business cycle
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations
19. Monetary Policy in an International Financial Crisis
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations
20. The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
21. The Expectations Trap Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations
    Working Paper, Federal Reserve Bank of Cleveland (2000) View citations
    See also Journal Article in Economic Perspectives (2000)
22. Understanding the Fiscal Theory of the Price Level
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Review (2000)

1999

23. Maximum Likelihood in the Frequency Domain: A Time to Build Example
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations
    Working Paper, Federal Reserve Bank of Cleveland (1999) View citations
    Working Papers, London School of Economics - Centre for Labour Economics (1999) View citations
24. Taylor Rules in a Limited Participation Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1999) View citations
    Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations
25. The Band Pass Filter
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1999) View citations

1998

26. Modeling Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations
27. Monetary Policy Shocks: What Have We Learned and to What End?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations
28. Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1998) View citations
29. Stock market and investment good prices: implications of macroeconomics
    Working Paper Series, Federal Reserve Bank of Chicago

1997

30. Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1994) View citations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations
    Working Paper, Federal Reserve Bank of Cleveland (1997) View citations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations

1996

31. Asset Pricing Lessons for Modeling Business Cycles
    Working Papers, Banca Italia - Servizio di Studi View citations
    Also in UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics (1995) View citations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    Working Papers, Federal Reserve Bank of Minneapolis (1995) View citations
32. Chaos, Sunspots, and Automatic Stabilizers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations
33. Expectation Traps and Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations
34. Sticky Price and Limited Participation Models of Money: A Comparison
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations

1995

35. Inside Money, Outside Money and Short Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations
    See also Journal Article in Journal of Money, Credit and Banking (1995)
36. Small Sample Properties of GMM for Business Cycle Analysis
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (1995) View citations
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego (1994)
    See also Journal Article in Journal of Business & Economic Statistics (1996)
37. Tobin's Q and asset returns: implications for business cycle analysis
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (1995) View citations
38. Tobin's q and the Asset Returns: Implications for Business Cyle Analysis
    UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics

1994

39. Identification and the effects of monetary policy shocks
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations
40. The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
41. The effects of monetary policy shocks: evidence from the Flow of Funds
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations
    See also Journal Article in The Review of Economics and Statistics (1996)

1993

42. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations
    See also Journal Article in Journal of Political Economy (1994)
43. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations

1992

44. Liquidity Effects and the Monetary Transmission Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1992) View citations
    See also Journal Article in American Economic Review (1992)
45. Liquidity Effects, Monetary Policy, and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations
    See also Journal Article in Journal of Money, Credit and Banking (1995)

1991

46. Identification and the Liquidity Effect of a Monetary Policy Shock
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
47. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Money, Credit and Banking (1991)

1990

48. Current real business cycle theories and aggregate labor market fluctuations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations
    See also Journal Article in American Economic Review (1992)
49. The Output, Employment, and Interest Rate Effects of Government Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations
50. The permanent income hypothesis revisited
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations
    See also Journal Article in Econometrica (1991)
51. Unit roots in real GNP: do we know, and do we care?
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1989) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations

1989

52. Solving a particular growth model by linear quadratic approximation and by value function iteration
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis
53. The magnitude of the speculative motive for holding inventories in a real business cycle model
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations

1988

54. Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
55. Searching For a Break in GNP
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Business & Economic Statistics (1992)

1987

56. Is consumption insufficiently sensitive to innovations in income?
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in American Economic Review (1987)
57. Money does Granger-cause output in the bivariate output-money relation
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1986

58. Temporal Aggregation and Structural Inference in Macroeconomics
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations

1985

59. A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts
    Staff Report, Federal Reserve Bank of Minneapolis View citations

Journal Articles

2001

1. Comment on The Costs of Losing Monetary Independence: The Case of Mexico
   Journal of Money, Credit and Banking, 2001, 33, (2), 398-403

2000

2. Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
   Journal of Money, Credit and Banking, 2000, 32, (4), 905-30 View citations
3. Price stability: is a tough central bank enough?
   Economic Commentary, 2000, (Aug 1)
4. The expectations trap hypothesis
   Economic Perspectives, 2000, (Q II), 21-39 View citations
   See also Working Paper (2000)
5. Understanding the fiscal theory of the price level
   Economic Review, 2000, (Q II), 2-38 View citations
   See also Working Paper (2000)

1999

6. The Research Agenda: Larry Christiano and Martin Eichenbaum write about their current research program on the monetary transmission mechanism
   EconomicDynamics Newsletter, 1999, 1, (1) View citations

1998

7. The business cycle: it's still a puzzle
   Economic Perspectives, 1998, (Q IV), 56-83 View citations

1997

8. Dynamic effects of monetary policy; a conference sponsored by the Federal Reserve Bank of Cleveland, November 6-8, 1996
   Proceedings, 1997, (Nov), 561-814

1996

9. Small-Sample Properties of GMM for Business-Cycle Analysis
   Journal of Business & Economic Statistics, 1996, 14, (3), 309-27 View citations
   See also Working Paper (1995)
10. The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds
    The Review of Economics and Statistics, 1996, 78, (1), 16-34 View citations
    Also in Proceedings, 1994, (Apr) (1994) View citations
    See also Working Paper (1994)

1995

11. Inside Money, Outside Money, and Short-Term Interest Rates
    Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations
    Also in Proceedings, 1994, 1354-1401 (1994) View citations
    See also Working Paper (1995)
12. Liquidity Effects, Monetary Policy, and the Business Cycle
    Journal of Money, Credit and Banking, 1995, 27, (4), 1113-36 View citations
    See also Working Paper (1992)

1994

13. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 View citations
    See also Working Paper (1993)

1993

14. Interest rate smoothing in an equilibrium business cycle model
    Proceedings, 1993, (Mar) View citations

1992

15. Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations
    American Economic Review, 1992, 82, (3), 430-50 View citations
    See also Working Paper (1990)
16. Liquidity Effects and the Monetary Transmission Mechanism
    American Economic Review, 1992, 82, (2), 346-53 View citations
    See also Working Paper (1992)
17. Searching for a Break in GNP
    Journal of Business & Economic Statistics, 1992, 10, (3), 237-50 View citations
    See also Working Paper (1988)

1991

18. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations
    Also in Proceedings, 1991, 519-546 (1991) View citations
    See also Working Paper (1991)
19. The Permanent Income Hypothesis Revisited
    Econometrica, 1991, 59, (2), 397-423 View citations
    See also Working Paper (1990)

1990

20. Linear-Quadratic Approximation and Value-Function Iteration: A Comparison
    Journal of Business & Economic Statistics, 1990, 8, (1), 99-113 View citations
21. Solving the Stochastic Growth Model by Linear-Quadratic Approximation and by Value-Function Iteration
    Journal of Business & Economic Statistics, 1990, 8, (1), 23-26 View citations

1987

22. Cagan's Model of Hyperinflation under Rational Expectations
    International Economic Review, 1987, 28, (1), 33-49 View citations
23. Is Consumption Insufficiently Sensitive to Innovations in Income?
    American Economic Review, 1987, 77, (2), 337-41 View citations
    See also Working Paper (1987)

Chapters