Details about Lawrence Christiano
Access statistics for papers by Lawrence Christiano.
Last updated 2019-02-09. Update your information in the RePEc Author Service.
Short-id: pch45
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Working Papers
2022
- Modeling the Great Recession as a Bank Panic: Challenges
NBER Working Papers, National Bureau of Economic Research, Inc
2021
- Financial Dollarization: Efficient Intranational Risk Sharing or Prescription for Disaster?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
2020
- Why is Unemployment so Countercyclical?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Journal Article in Review of Economic Dynamics (2021)
2018
- Discouraging Deviant Behavior in Monetary Economics
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
- Does the New Keynesian Model Have a Uniqueness Problem?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
- On DSGE Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
2017
- Financialization in Commodity Markets
Working Paper Series, Federal Reserve Bank of Chicago View citations (10)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (18) Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (10)
- The Great Recession: A Macroeconomic Earthquake
Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (3)
2014
- The Optimal Extraction of Exhaustible Resources
Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (3)
- Understanding the Great Recession
NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (17)
See also Chapter (2013)
2013
- Leverage Restrictions in a Business Cycle Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
- Risk Shocks
NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
- Unemployment and Business Cycles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (15)
2012
- Involuntary Unemployment and the Business Cycle
Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (13)
Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (32) NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (65) Working Paper Series, European Central Bank (2010) View citations (52)
See also Journal Article in Review of Economic Dynamics (2021)
2011
- Government Policy, Credit Markets and Economic Activity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
- Introducing Financial Frictions and Unemployment into a Small Open Economy Model
Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (294)
Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (4)
- Monetary Policy and Stock Market Booms
Working Papers, Banco Central de Reserva del Perú View citations (6)
Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (83) Working Papers, Duke University, Department of Economics (2010) View citations (183) NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (200)
See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2010)
2010
- Comment on Eggertsson, \"What fiscal policy is effective at zero interest rates?\"
FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta
- DSGE Models for Monetary Policy Analysis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (215)
Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (82)
See also Chapter (2010)
- Financial factors in economic fluctuations
Working Paper Series, European Central Bank View citations (425)
- Firm-specific capital, nominal rigidities and the business cycle
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (128)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (243) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (195) Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (39) Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2004) View citations (111) Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (104)
See also Journal Article in Review of Economic Dynamics (2011)
- When is the government spending multiplier large?
FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (15)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (242)
2008
- Facts and myths about the financial crisis of 2008
Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
2007
- Optimal Monetary Policy in a 'Sudden Stop'
NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
See also Journal Article in Journal of Monetary Economics (2009)
- Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
See also Journal Article in Journal of Economic Dynamics and Control (2008)
- Two Reasons Why Money and Credit May be Useful in Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
2006
- Assessing Structural VARs
NBER Working Papers, National Bureau of Economic Research, Inc View citations (174)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations (74)
See also Chapter (2007)
- Two Flaws In Business Cycle Accounting
NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
Also in Working Paper Series, Federal Reserve Bank of Chicago (2006) View citations (42)
- Two flaws in business cycle dating
Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (24)
2005
- Alternative procedures for estimating vector autoregressions identified with long-run restrictions
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
See also Journal Article in Journal of the European Economic Association (2006)
- Assessing the Usefulness of Structural Vector Autoregressions
2005 Meeting Papers, Society for Economic Dynamics View citations (1)
- Online Appendix to "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
Online Appendices, Review of Economic Dynamics View citations (59)
See also Journal Article in Review of Economic Dynamics (2011)
2004
- The Great Depression and the Friedman-Schwartz Hypothesis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (63) Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (40)
See also Journal Article in Proceedings (2003)
- 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 (130)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (18)
See also Journal Article in Journal of the European Economic Association (2004)
- Why Do Firms Hold Inventories?
2004 Meeting Papers, Society for Economic Dynamics
2003
- Expectation traps and monetary policy
Staff Report, Federal Reserve Bank of Minneapolis View citations (83)
Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (103) Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (10) Macroeconomics, University Library of Munich, Germany (2002) View citations (28) NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (39)
- How do Canadian hours worked respond to a technology shock?
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
- Stock Market and Investment Goods Prices: Implications for Macroeconomics
NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
- What Happens After a Technology Shock?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (400)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (235)
2002
- Monetary Policy in a Financial Crisis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (25) Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (25)
See also Journal Article in Journal of Economic Theory (2004)
2001
- How Severe is the Time Inconsistency Problem in Monetary Policy?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
See also Journal Article in Quarterly Review (2003)
- Maximum likelihood in the frequency domain: the importance of time-to-plan
Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)
See also Journal Article in Journal of Monetary Economics (2003)
- Money Growth Monitoring and the Taylor Rule
NBER Working Papers, National Bureau of Economic Research, Inc View citations (107)
- Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (503)
Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2001) View citations (504) Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (402)
See also Journal Article in Journal of Political Economy (2005)
2000
- Habit persistence, asset returns and the business cycle
Staff Report, Federal Reserve Bank of Minneapolis View citations (164)
Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (43)
See also Journal Article in American Economic Review (2001)
- Monetary Policy in an International Financial Crisis
Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (16)
- 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 (2)
See also Journal Article in Journal of Monetary Economics (2002)
- The Expectations Trap Hypothesis
NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (44) Working Papers (Old Series), Federal Reserve Bank of Cleveland (2000) View citations (40)
See also Journal Article in Economic Perspectives (2000)
- Understanding the Fiscal Theory of the Price Level
NBER Working Papers, National Bureau of Economic Research, Inc View citations (135)
See also Journal Article in Economic Review (2000)
1999
- Maximum Likelihood in the Frequency Domain: A Time to Build Example
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
Also in Working Papers, London School of Economics - Centre for Labour Economics (1999) View citations (5) Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (4) Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (6)
- Taylor Rules in a Limited Participation Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (101)
Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (84) Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (88)
- The Band Pass Filter
NBER Working Papers, National Bureau of Economic Research, Inc View citations (120)
Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (163)
See also Journal Article in International Economic Review (2003)
1998
- Modeling Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (7)
- Monetary Policy Shocks: What Have We Learned and to What End?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (594)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (30)
See also Chapter (1999)
- Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (23)
Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1998) View citations (38)
See also Journal Article in Computational Economics (2002)
- Stock market and investment good prices: implications of macroeconomics
Working Paper Series, Federal Reserve Bank of Chicago View citations (14)
1997
- Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (20) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations (45) Staff Report, Federal Reserve Bank of Minneapolis (1994) View citations (44) Working Papers (Old Series), Federal Reserve Bank of Cleveland (1997) View citations (12)
See also Journal Article in Journal of Economic Dynamics and Control (2000)
- Habit persistence and asset returns in an exchange economy
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (59)
See also Journal Article in Macroeconomic Dynamics (1997)
1996
- Asset Pricing Lessons for Modeling Business Cycles
Working Papers, Banca Italia - Servizio di Studi View citations (4)
Also in Working Papers, Federal Reserve Bank of Minneapolis (1995) View citations (39) NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (49) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (51) University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) View citations (44)
- Chaos, Sunspots, and Automatic Stabilizers
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (2) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (2)
See also Journal Article in Journal of Monetary Economics (1999)
- Expectation Traps and Discretion
NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations (9) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (4)
See also Journal Article in Journal of Economic Theory (1998)
- Optimal fiscal policy in a business cycle model (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
- Sticky Price and Limited Participation Models of Money: A Comparison
NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (66) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (9)
See also Journal Article in European Economic Review (1997)
1995
- Inside Money, Outside Money and Short Term Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (105)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (56)
See also Journal Article in Journal of Money, Credit and Banking (1995)
- Small Sample Properties of GMM for Business Cycle Analysis
NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (4) Staff Report, Federal Reserve Bank of Minneapolis (1995) View citations (4)
See also Journal Article in Journal of Business & Economic Statistics (1996)
- Tobin's Q and asset returns: implications for business cycle analysis
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (9)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (11) Staff Report, Federal Reserve Bank of Minneapolis (1995) View citations (9) University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) View citations (2)
1994
- Identification and the effects of monetary policy shocks
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (52)
- The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
- The effects of monetary policy shocks: evidence from the Flow of Funds
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (76)
See also Journal Article in The Review of Economics and Statistics (1996)
1993
- Optimal Fiscal Policy in a Business Cycle Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (6)
See also Journal Article in Journal of Political Economy (1994)
- Optimality of the Friedman Rule in Economies with Distorting Taxes
NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (11)
See also Journal Article in Journal of Monetary Economics (1996)
1992
- Liquidity Effects and the Monetary Transmission Mechanism
NBER Working Papers, National Bureau of Economic Research, Inc View citations (282)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1992) View citations (240)
See also Journal Article in American Economic Review (1992)
- Liquidity Effects, Monetary Policy, and the Business Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (28) Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (38)
See also Journal Article in Journal of Money, Credit and Banking (1995)
1991
- Identification and the Liquidity Effect of a Monetary Policy Shock
NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
- Liquidity effects, monetary policy, and the business cycle (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
- Optimal fiscal and monetary policy: some recent results
Staff Report, Federal Reserve Bank of Minneapolis View citations (219)
See also Journal Article in Journal of Money, Credit and Banking (1991)
- Optimal fiscal policy in a stochastic growth model (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
1990
- Computational algorithms for solving variants of Fuerst's model
Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
- Current real business cycle theories and aggregate labor market fluctuations
Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (180)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (22)
See also Journal Article in American Economic Review (1992)
- The Output, Employment, and Interest Rate Effects of Government Consumption
NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (30) Working Papers, Federal Reserve Bank of Minneapolis (1990) View citations (21) Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (35)
See also Journal Article in Journal of Monetary Economics (1992)
- The permanent income hypothesis revisited
Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (5)
See also Journal Article in Econometrica (1991)
- Unit roots in real GNP: do we know, and do we care?
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (60)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (47) Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1989) View citations (26)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1990)
1989
- 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 View citations (1)
- 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 (9)
1988
- 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 (16)
- Searching For a Break in GNP
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
See also Journal Article in Journal of Business & Economic Statistics (1992)
1987
- Comment on Romer, \"Crazy explanations for the productivity slowdown\"
Working Papers, Federal Reserve Bank of Minneapolis
- Dynamic properties of two approximate solutions to a particular growth model
Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
- Estimating continuous time rational expectations models in frequency domain: a case study
Working Papers, Federal Reserve Bank of Minneapolis
- Intertemporal substitution and smoothness of consumption
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
- Is consumption insufficiently sensitive to innovations in income?
Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
See also Journal Article in American Economic Review (1987)
- Money does Granger-cause output in the bivariate output-money relation
Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
- Money does Granger-cause output in the bivariate output-money relation (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis
- Temporal aggregation and structural inference in macroeconomics
Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986) View citations (13)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1987)
- Temporal aggregation and the stock adjustment model of inventories
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
- Why does inventory investment fluctuate so much? Or: does the stock market dance to its own music? (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
1986
- A continuous time, general equilibrium, inventory-sales model
Working Papers, Federal Reserve Bank of Minneapolis 
Also in Working Papers, Federal Reserve Bank of Minneapolis (1985) View citations (1)
- On the accuracy of linear quadratic approximations: an example
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
- Temporal aggregation bias and government policy evaluation
Working Papers, Federal Reserve Bank of Minneapolis
1985
- 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 (13)
See also Journal Article in Journal of Economic Dynamics and Control (1985)
1981
- Rational expectations, hyperinflation, and the demand for money
Working Papers, Federal Reserve Bank of Minneapolis
1980
- The term structure of interest rates and the aliasing identification problem
Working Papers, Federal Reserve Bank of Minneapolis
Journal Articles
2021
- Involuntary Unemployment and the Business Cycle
Review of Economic Dynamics, 2021, 39, 26-54 View citations (3)
See also Working Paper (2012)
- Why is Unemployment so Countercyclical?
Review of Economic Dynamics, 2021, 41, 4-37 View citations (5)
See also Working Paper (2020)
2011
- Commentary: Remarks on Unconventional Monetary Policy
International Journal of Central Banking, 2011, 7, (1), 121-130 View citations (3)
- Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Review of Economic Dynamics, 2011, 14, (2), 225-247 View citations (254)
See also Working Paper (2010) Working Paper (2005) Software Item (2010)
- Política monetaria y auges del mercado bursátil
Monetaria, 2011, XXXIV, (2), 257-319
2010
- Monetary policy and stock market booms
Proceedings - Economic Policy Symposium - Jackson Hole, 2010, 85-145 View citations (94)
See also Working Paper (2011)
2009
- Optimal monetary policy in a [`]sudden stop'
Journal of Monetary Economics, 2009, 56, (4), 582-595 View citations (25)
See also Working Paper (2007)
2008
- Shocks, structures or monetary policies? The Euro Area and US after 2001
Journal of Economic Dynamics and Control, 2008, 32, (8), 2476-2506 View citations (119)
See also Working Paper (2007)
2007
- Comment
Journal of Business & Economic Statistics, 2007, 25, 143-151
2006
- Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions
Journal of the European Economic Association, 2006, 4, (2-3), 475-483 View citations (22)
See also Working Paper (2005)
2005
- Bubbles, financial shocks, and monetary policy
Proceedings, 2005 View citations (1)
- Comment on: "Tax distortions and the case for price stability"
Journal of Monetary Economics, 2005, 52, (1), 275-280
- Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Journal of Political Economy, 2005, 113, (1), 1-45 View citations (4977)
Also in Proceedings, 2001, (Jun) (2001) View citations (313)
See also Working Paper (2001)
2004
- Introduction: macroeconomic implications of capital flows in a global economy
Journal of Economic Theory, 2004, 119, (1), 1-5
- Monetary policy in a financial crisis
Journal of Economic Theory, 2004, 119, (1), 64-103 View citations (122)
See also Working Paper (2002)
- The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
Journal of the European Economic Association, 2004, 2, (2-3), 381-395 View citations (123)
See also Working Paper (2004)
2003
- How severe is the time-inconsistency problem in monetary policy?
Quarterly Review, 2003, 27, (Sum), 17-33 View citations (10)
See also Working Paper (2001)
- Inflation and monetary policy in the twentieth century
Economic Perspectives, 2003, 27, (Q I), 22-45 View citations (15)
- Maximum likelihood in the frequency domain: the importance of time-to-plan
Journal of Monetary Economics, 2003, 50, (4), 789-815 View citations (52)
See also Working Paper (2001)
- The Band Pass Filter
International Economic Review, 2003, 44, (2), 435-465 View citations (866)
See also Working Paper (1999)
- The Great Depression and the Friedman-Schwartz hypothesis
Proceedings, 2003, 1119-1215 View citations (244)
See also Working Paper (2004)
2002
- Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
Computational Economics, 2002, 20, (1-2), 21-55 View citations (121)
See also Working Paper (1998)
- The conventional treatment of seasonality in business cycle analysis: does it create distortions?
Journal of Monetary Economics, 2002, 49, (2), 335-364 View citations (14)
See also Working Paper (2000)
- What is a good macroeconomic model for a central bank to use? panel discussion
Proceedings, 2002, (Mar) 
Also in Proceedings, 2002, (Mar) (2002) View citations (3)
2001
- Comment on The Costs of Losing Monetary Independence: The Case of Mexico
Journal of Money, Credit and Banking, 2001, 33, (2), 398-403 View citations (2)
- Habit Persistence, Asset Returns, and the Business Cycle
American Economic Review, 2001, 91, (1), 149-166 View citations (689)
See also Working Paper (2000)
2000
- Algorithms for solving dynamic models with occasionally binding constraints
Journal of Economic Dynamics and Control, 2000, 24, (8), 1179-1232 View citations (222)
See also Working Paper (1997)
- 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 (17)
- Price stability: is a tough central bank enough?
Economic Commentary, 2000, (Aug)
- The expectations trap hypothesis
Economic Perspectives, 2000, 25, (Q II), 21-39 View citations (40)
See also Working Paper (2000)
- Understanding the fiscal theory of the price level
Economic Review, 2000, (Q II), 2-38 View citations (103)
See also Working Paper (2000)
1999
- Chaos, sunspots and automatic stabilizers
Journal of Monetary Economics, 1999, 44, (1), 3-31 View citations (122)
See also Working Paper (1996)
- 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 (5)
1998
- Expectation Traps and Discretion
Journal of Economic Theory, 1998, 81, (2), 462-492 View citations (116)
See also Working Paper (1996)
- The business cycle: it's still a puzzle
Economic Perspectives, 1998, 22, (Q IV), 56-83 View citations (63)
1997
- Dynamic effects of monetary policy; a conference sponsored by the Federal Reserve Bank of Cleveland, November 6-8, 1996
Proceedings, 1997, (Nov)
- HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY
Macroeconomic Dynamics, 1997, 1, (2), 312-332 View citations (62)
See also Working Paper (1997)
- Sticky price and limited participation models of money: A comparison
European Economic Review, 1997, 41, (6), 1201-1249 View citations (366)
See also Working Paper (1996)
1996
- Identification and the liquidity effect: a case study
Economic Perspectives, 1996, 20, (May), 2-13 View citations (4)
- Optimality of the Friedman rule in economies with distorting taxes
Journal of Monetary Economics, 1996, 37, (2-3), 203-223 View citations (188)
See also Working Paper (1993)
- Small-Sample Properties of GMM for Business-Cycle Analysis
Journal of Business & Economic Statistics, 1996, 14, (3), 309-27 View citations (36)
See also Working Paper (1995)
- 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 (723)
Also in Proceedings, 1994, (Apr) (1994) View citations (39)
See also Working Paper (1994)
- Time to plan and aggregate fluctuations
Quarterly Review, 1996, 20, (Win), 14-27 View citations (61)
1995
- Inside Money, Outside Money, and Short-Term Interest Rates
Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations (103)
Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)
See also Working Paper (1995)
- Liquidity Effects, Monetary Policy, and the Business Cycle
Journal of Money, Credit and Banking, 1995, 27, (4), 1113-36 View citations (147)
See also Working Paper (1992)
- Resolving the liquidity effect: commentary
Proceedings, 1995, (May), 55-62 View citations (8)
Also in Review, 1995, (May), 55-62 (1995) View citations (3)
1994
- Optimal Fiscal Policy in a Business Cycle Model
Journal of Political Economy, 1994, 102, (4), 617-52 View citations (386)
See also Working Paper (1993)
1993
- Interest rate smoothing in an equilibrium business cycle model
Proceedings, 1993, (Mar) View citations (4)
1992
- Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations
American Economic Review, 1992, 82, (3), 430-50 View citations (669)
See also Working Paper (1990)
- Liquidity Effects and the Monetary Transmission Mechanism
American Economic Review, 1992, 82, (2), 346-53 View citations (304)
See also Working Paper (1992)
- Liquidity effects, the monetary transmission mechanism, and monetary policy
Economic Perspectives, 1992, 16, (Nov), 2-14 View citations (69)
- Searching for a Break in GNP
Journal of Business & Economic Statistics, 1992, 10, (3), 237-50 View citations (285)
See also Working Paper (1988)
- The output, employment, and interest rate effects of government consumption
Journal of Monetary Economics, 1992, 30, (1), 73-86 View citations (168)
See also Working Paper (1990)
1991
- Modeling the liquidity effect of a money shock
Quarterly Review, 1991, 15, (Win), 3-34 View citations (80)
- Optimal Fiscal and Monetary Policy: Some Recent Results
Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations (257)
Also in Proceedings, 1991, 519-546 (1991) View citations (234)
See also Working Paper (1991)
- The Permanent Income Hypothesis Revisited
Econometrica, 1991, 59, (2), 397-423 View citations (76)
See also Working Paper (1990)
1990
- Linear-Quadratic Approximation and Value-Function Iteration: A Comparison
Journal of Business & Economic Statistics, 1990, 8, (1), 99-113 View citations (51)
- 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 (39)
- Unit roots in real GNP: Do we know, and do we care?
Carnegie-Rochester Conference Series on Public Policy, 1990, 32, (1), 7-61 View citations (130)
See also Working Paper (1990)
1989
- P*: not the inflation forecaster's holy grail
Quarterly Review, 1989, 13, (Fall), 3-18 View citations (25)
- Understanding Japan's saving rate: the reconstruction hypothesis
Quarterly Review, 1989, 13, (Spr), 10-25 View citations (40)
1988
- Money does Granger-cause output in the bivariate money-output relation
Journal of Monetary Economics, 1988, 22, (2), 217-235 View citations (81)
- Why does inventory investment fluctuate so much?
Journal of Monetary Economics, 1988, 21, (2-3), 247-280 View citations (198)
1987
- Cagan's Model of Hyperinflation under Rational Expectations
International Economic Review, 1987, 28, (1), 33-49 View citations (14)
- Is Consumption Insufficiently Sensitive to Innovations in Income?
American Economic Review, 1987, 77, (2), 337-41 View citations (18)
See also Working Paper (1987)
- Temporal aggregation and structural inference in macroeconomics
Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 63-130 View citations (70)
See also Working Paper (1987)
- Why is consumption less volatile than income?
Quarterly Review, 1987, 11, (Fall), 2-20 View citations (12)
1986
- Money and the U.S. economy in the 1980s: a break from the past?
Quarterly Review, 1986, 10, (Sum), 2-13 View citations (11)
1985
- A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts
Journal of Economic Dynamics and Control, 1985, 9, (4), 363-404 View citations (15)
See also Working Paper (1985)
1984
- A reexamination of the theory of automatic stabilizers
Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 147-206 View citations (22)
- Reply to Olivier Blanchard
Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 209-210
1981
- A Survey of Measures of Capacity Utilization (Mesures de l'utilisation des capacités de production) (Estudio de mediciones de utilización de la capacidad)
IMF Staff Papers, 1981, 28, (1), 144-198 View citations (1)
Chapters
2017
- Comment on "Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound"
A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 227-245
2015
- Comment on "Networks and the Macroeconomy: An Empirical Exploration"
A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 346-373 View citations (2)
2014
- Comment on "Whither News Shocks?"
A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 279-284
2013
- Understanding the Great Recession
A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (5)
See also Working Paper (2014)
2012
- Comment on "The Household Effects of Government Spending"
A chapter in Fiscal Policy after the Financial Crisis, 2012, pp 141-149
2011
- Comment on "Unemployment in an Estimated New Keynesian Model"
A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 361-380 View citations (5)
- Comment on "What Fiscal Policy is Effective at Zero Interest Rates?"
A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 113-124 View citations (4)
2010
- DSGE Models for Monetary Policy Analysis
Chapter 07 in Handbook of Monetary Economics, 2010, vol. 3, pp 285-367 View citations (186)
See also Working Paper (2010)
2007
- Assessing Structural VARs
A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 1-106 View citations (66)
See also Working Paper (2006)
1999
- Monetary policy shocks: What have we learned and to what end?
Chapter 02 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 65-148 View citations (2239)
See also Working Paper (1998)
Software Items
2010
- Code files for "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2011)
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