Details about Guido Lorenzoni

Access statistics for papers by Guido Lorenzoni.

Last updated 2024-04-05. Update your information in the RePEc Author Service.

Short-id: plo185

Working Papers

2023

1. Debt Mutualization in the Euro Area: A Quantitative Exploration
   IMF Working Papers, International Monetary Fund View citations (1)
2. Inflation is Conflict
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

2022

3. A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
   See also Journal Article A Minimalist Model for the Ruble during the Russian Invasion of Ukraine, American Economic Review: Insights, American Economic Association (2023) View citations (5) (2023)

2021

4. The Prudential Use of Capital Controls and Foreign Currency Reserves
   Working Papers, Federal Reserve Bank of Minneapolis View citations (8)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (14)

2020

5. Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (554)
   Also in Working Papers, Becker Friedman Institute for Research In Economics (2020) View citations (595)
   See also Journal Article Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?, American Economic Review, American Economic Association (2022) View citations (145) (2022)
6. Risk Sharing Externalities
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article Risk-Sharing Externalities, Journal of Political Economy, University of Chicago Press (2023) View citations (3) (2023)

2018

7. Risk Sharing and Financial Amplification
   2018 Meeting Papers, Society for Economic Dynamics

2017

8. A Model of Financial Crises in Open Economies
   2017 Meeting Papers, Society for Economic Dynamics View citations (5)
9. Financial Crises and Lending of Last Resort in Open Economies
   Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
10. Financial Crises, Dollarization, and Lending of Last Resort in Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Financial Crises, Dollarization, and Lending of Last Resort in Open Economies, American Economic Review, American Economic Association (2020) View citations (36) (2020)
11. Financial Integration and Liquidity Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article Financial Integration and Liquidity Crises, Management Science, INFORMS (2019) View citations (7) (2019)
12. Moral Hazard Misconceptions: the Case of the Greenspan Put
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Moral Hazard Misconceptions: The Case of the Greenspan Put, IMF Economic Review, Palgrave Macmillan (2018) View citations (15) (2018)
13. Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2017) View citations (19)
    Policy Briefs, Peterson Institute for International Economics (2017) View citations (19)
    See also Journal Article Short-run effects of lower productivity growth. A twist on the secular stagnation hypothesis, Journal of Policy Modeling, Elsevier (2017) View citations (19) (2017)

2015

14. House Prices and Consumer Spending
    2015 Meeting Papers, Society for Economic Dynamics View citations (46)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (46)
    See also Journal Article House Prices and Consumer Spending, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (106) (2018)

2014

15. Slow Moving Debt Crises
    Levine's Working Paper Archive, David K. Levine View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (76)
    See also Journal Article Slow Moving Debt Crises, American Economic Review, American Economic Association (2019) View citations (54) (2019)
16. Units of Account and the Informational Role of Prices
    2014 Meeting Papers, Society for Economic Dynamics

2013

17. Financial Frictions, Investment and Tobin’s q
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)

2012

18. News, Noise, and Fluctuations: An Empirical Exploration
    Development Research Working Paper Series, Institute for Advanced Development Studies View citations (1)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (1)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (17)
    See also Journal Article News, Noise, and Fluctuations: An Empirical Exploration, American Economic Review, American Economic Association (2013) View citations (190) (2013)

2011

19. A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    See also Journal Article A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation, Journal of Political Economy, University of Chicago Press (2014) View citations (104) (2014)
20. Credit Crises, Precautionary Savings and the Liquidity Trap
    2011 Meeting Papers, Society for Economic Dynamics View citations (231)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (243)
    See also Journal Article Credit Crises, Precautionary Savings, and the Liquidity Trap, The Quarterly Journal of Economics, President and Fellows of Harvard College (2017) View citations (266) (2017)
21. Why do emerging economies borrow short term?
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (22)
    Also in Working Papers, Barcelona School of Economics View citations (262)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (38)
    Policy Research Working Paper Series, The World Bank (2004) View citations (72)
    See also Journal Article WHY DO EMERGING ECONOMIES BORROW SHORT TERM?, Journal of the European Economic Association, European Economic Association (2013) View citations (154) (2013)

2010

22. Beauty Contests and "Irrational Exuberance": A Neoclassical Approach
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (42)
    Also in Levine's Working Paper Archive, David K. Levine (2010) View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (42)
23. Credit Crises and Liquidity Traps
    2010 Meeting Papers, Society for Economic Dynamics View citations (1)
24. Price Making Intermediation
    2010 Meeting Papers, Society for Economic Dynamics

2009

25. A Rational Theory of "Irrational Exuberance"
    Carlo Alberto Notebooks, Collegio Carlo Alberto
26. Decentralized Trading with Private Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
    See also Journal Article Decentralized Trading With Private Information, Econometrica, Econometric Society (2014) View citations (31) (2014)
27. Financial Integration, Liquidity and the Depth of Systemic Crises
    2009 Meeting Papers, Society for Economic Dynamics View citations (5)

2008

28. International Borrowing, Investment and Default
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)

2007

29. Financial Frictions, Investment and Tobin's q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2007) View citations (13)
    2006 Meeting Papers, Society for Economic Dynamics (2006)
    See also Journal Article Financial frictions, investment, and Tobin’s q, Journal of Monetary Economics, Elsevier (2019) View citations (1) (2019)
30. Inefficient Credit Booms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Inefficient Credit Booms, The Review of Economic Studies, Review of Economic Studies Ltd (2008) View citations (501) (2008)
31. Liquidity and Spending Dynamics
    2007 Meeting Papers, Society for Economic Dynamics View citations (1)
32. Liquidity and Trading Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Liquidity and Trading Dynamics, Econometrica, Econometric Society (2009) View citations (31) (2009)
33. News Shocks and Optimal Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
34. Persistent Appreciations and Overshooting: A Normative Analysis
    2007 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (26)
    See also Journal Article Persistent Appreciations and Overshooting: A Normative Analysis, IMF Economic Review, Palgrave Macmillan (2014) View citations (33) (2014)
35. Wall Street and Silicon Valley: A Delicate Interaction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article Wall Street and Silicon Valley: A Delicate Interaction, The Review of Economic Studies, Review of Economic Studies Ltd (2023) (2023)

2006

36. A Theory of Demand Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article A Theory of Demand Shocks, American Economic Review, American Economic Association (2009) View citations (341) (2009)
37. Bubbles and Self-Enforcing Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Levine's Bibliography, UCLA Department of Economics (2006) View citations (6)
    See also Journal Article Bubbles and Self-Enforcing Debt, Econometrica, Econometric Society (2009) View citations (105) (2009)
38. Demand Shocks and Monetary Policy
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (3)

2005

39. Monetary Policy and Consumer Expectations
    2005 Meeting Papers, Society for Economic Dynamics

1998

40. Parameterized expectations approach; Some practical issues
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (20)
    See also Software Item The Parameterized Expectations Approach: Some Practical Issues, QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles (1998) View citations (20) (1998)

Journal Articles

2023

1. A Minimalist Model for the Ruble during the Russian Invasion of Ukraine
   American Economic Review: Insights, 2023, 5, (3), 347-56 View citations (5)
   See also Working Paper A Minimalist Model for the Ruble During the Russian Invasion of Ukraine, NBER Working Papers (2022) View citations (16) (2022)
2. Reflecting on the First 20 Years of the Journal of the European Economic Association
   Journal of the European Economic Association, 2023, 21, (5), e1-e33
3. Risk-Sharing Externalities
   Journal of Political Economy, 2023, 131, (3), 595 - 632 View citations (3)
   See also Working Paper Risk Sharing Externalities, NBER Working Papers (2020) View citations (4) (2020)
4. Wall Street and Silicon Valley: A Delicate Interaction
   The Review of Economic Studies, 2023, 90, (3), 1041-1083
   See also Working Paper Wall Street and Silicon Valley: A Delicate Interaction, NBER Working Papers (2007) View citations (18) (2007)

2022

5. Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
   American Economic Review, 2022, 112, (5), 1437-74 View citations (145)
   See also Working Paper Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?, NBER Working Papers (2020) View citations (554) (2020)

2020

6. Financial Crises, Dollarization, and Lending of Last Resort in Open Economies
   American Economic Review, 2020, 110, (8), 2524-57 View citations (36)
   See also Working Paper Financial Crises, Dollarization, and Lending of Last Resort in Open Economies, NBER Working Papers (2017) View citations (20) (2017)
7. Schumpeter Lecture 2019: Slow Household Deleveraging
   Journal of the European Economic Association, 2020, 18, (6), 2755-2775 View citations (6)

2019

8. Comment
   NBER Macroeconomics Annual, 2019, 33, (1), 67 - 74
9. Financial Integration and Liquidity Crises
   Management Science, 2019, 65, (3), 955-975 View citations (7)
   See also Working Paper Financial Integration and Liquidity Crises, NBER Working Papers (2017) View citations (33) (2017)
10. Financial frictions, investment, and Tobin’s q
    Journal of Monetary Economics, 2019, 103, (C), 105-122 View citations (1)
    See also Working Paper Financial Frictions, Investment and Tobin's q, NBER Working Papers (2007) View citations (9) (2007)
11. Slow Moving Debt Crises
    American Economic Review, 2019, 109, (9), 3229-63 View citations (54)
    See also Working Paper Slow Moving Debt Crises, Levine's Working Paper Archive (2014) View citations (27) (2014)

2018

12. House Prices and Consumer Spending
    The Review of Economic Studies, 2018, 85, (3), 1502-1542 View citations (106)
    See also Working Paper House Prices and Consumer Spending, 2015 Meeting Papers (2015) View citations (46) (2015)
13. Moral Hazard Misconceptions: The Case of the Greenspan Put
    IMF Economic Review, 2018, 66, (2), 251-286 View citations (15)
    See also Working Paper Moral Hazard Misconceptions: the Case of the Greenspan Put, NBER Working Papers (2017) (2017)

2017

14. Credit Crises, Precautionary Savings, and the Liquidity Trap
    The Quarterly Journal of Economics, 2017, 132, (3), 1427-1467 View citations (266)
    See also Working Paper Credit Crises, Precautionary Savings and the Liquidity Trap, 2011 Meeting Papers (2011) View citations (231) (2011)
15. Short-run effects of lower productivity growth. A twist on the secular stagnation hypothesis
    Journal of Policy Modeling, 2017, 39, (4), 639-649 View citations (19)
    See also Working Paper Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis, NBER Working Papers (2017) View citations (19) (2017)

2015

16. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 208 - 214

2014

17. A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation
    Journal of Political Economy, 2014, 122, (1), 77 - 128 View citations (104)
    See also Working Paper A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation, NBER Working Papers (2011) View citations (41) (2011)
18. Decentralized Trading With Private Information
    Econometrica, 2014, 82, (3), 1055-1091 View citations (31)
    See also Working Paper Decentralized Trading with Private Information, NBER Working Papers (2009) View citations (17) (2009)
19. Persistent Appreciations and Overshooting: A Normative Analysis
    IMF Economic Review, 2014, 62, (1), 1-47 View citations (33)
    See also Working Paper Persistent Appreciations and Overshooting: A Normative Analysis, 2007 Meeting Papers (2007) View citations (23) (2007)

2013

20. News, Noise, and Fluctuations: An Empirical Exploration
    American Economic Review, 2013, 103, (7), 3045-70 View citations (190)
    See also Working Paper News, Noise, and Fluctuations: An Empirical Exploration, Development Research Working Paper Series (2012) View citations (1) (2012)
21. WHY DO EMERGING ECONOMIES BORROW SHORT TERM?
    Journal of the European Economic Association, 2013, 11, 67-100 View citations (154)
    See also Working Paper Why do emerging economies borrow short term?, Economics Working Papers (2011) View citations (22) (2011)

2011

22. Comment
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 241 - 244
23. News and Aggregate Demand Shocks
    Annual Review of Economics, 2011, 3, (1), 537-557 View citations (29)

2010

24. Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information *
    The Review of Economic Studies, 2010, 77, (1), 305-338 View citations (119)

2009

25. A Theory of Demand Shocks
    American Economic Review, 2009, 99, (5), 2050-84 View citations (341)
    See also Working Paper A Theory of Demand Shocks, NBER Working Papers (2006) View citations (21) (2006)
26. Bubbles and Self-Enforcing Debt
    Econometrica, 2009, 77, (4), 1137-1164 View citations (105)
    See also Working Paper Bubbles and Self-Enforcing Debt, NBER Working Papers (2006) View citations (7) (2006)
27. Liquidity and Trading Dynamics
    Econometrica, 2009, 77, (6), 1751-1790 View citations (31)
    See also Working Paper Liquidity and Trading Dynamics, NBER Working Papers (2007) View citations (2) (2007)

2008

28. Inefficient Credit Booms
    The Review of Economic Studies, 2008, 75, (3), 809-833 View citations (501)
    See also Working Paper Inefficient Credit Booms, NBER Working Papers (2007) View citations (5) (2007)

2006

29. Recent Developments in Business Cycle Theory: News, Expectations and Demand Shocks
    Rivista di Politica Economica, 2006, 96, (2), 61-78 View citations (2)

Chapters

2018

1. Comment on "Monetary Policy Analysis When Planning Horizons Are Finite"
   A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 67-74

2015

2. Saving Distortions, Undervalued Exchange Rates, and Protectionism
   Chapter 05 in Global Liquidity, Spillovers to Emerging Markets and Policy Responses, 2015, vol. 20, pp 143-158 View citations (1)

2014

3. Comment on "Information Aggregation in a Dynamic Stochastic General Equilibrium Model"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 208-214
4. International Financial Crises
   Elsevier View citations (10)

2010

5. Comment on "Pigou Cycles in Closed and Open Economies with Matching Frictions"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 241-244

Software Items

1998

1. The Parameterized Expectations Approach: Some Practical Issues
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (20)
   See also Working Paper Parameterized expectations approach; Some practical issues, Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1998) View citations (20) (1998)