Lawrence J. Christiano

Northwestern University

2003 Sheridan Road

Evanston, IL 60208

United States

Federal Reserve Bank of Cleveland

Visiting Scholar

East 6th & Superior

Cleveland, OH 44101-1387

United States

Federal Reserve Bank of Chicago

Consultant

230 South LaSalle Street

Chicago, IL 60604

United States

Federal Reserve Bank of Minneapolis

Consultant

90 Hennepin Avenue

Minneapolis, MN 55480

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

67

DOWNLOADS
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SSRN RANKINGS

Top 5,276

in Total Papers Downloads

10,379

SSRN CITATIONS
Rank 73

SSRN RANKINGS

Top 73

in Total Papers Citations

3,742

CROSSREF CITATIONS

2,532

Scholarly Papers (67)

1.

Financial Factors in Economic Fluctuations

ECB Working Paper No. 1192
Number of pages: 133 Posted: 26 May 2010
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 2,137 (8,985)
Citation 15

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DSGE model, Financial frictions, Financial shocks, Bayesian estimation, Lending channel, Funding channel

2.

Monetary Policy and Stock Market Boom-Bust Cycles

ECB Working Paper No. 955
Number of pages: 99 Posted: 20 Nov 2008
Lawrence J. Christiano, Cosmin L. Ilut, Roberto Motto and Massimo Rostagno
Northwestern University, Duke University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 785 (40,525)
Citation 1

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DSGE Models, Monetary Policy, Asset price boom-busts

3.
Downloads 696 ( 47,670)
Citation 52

Monetary Policy in a Financial Crisis

Number of pages: 75 Posted: 12 Sep 2002 Last Revised: 18 Nov 2007
Lawrence J. Christiano, Christopher Gust and Jorge E. Roldos
Northwestern University, Board of Governors of the Federal Reserve System and International Monetary Fund (IMF)
Downloads 661 (50,332)
Citation 1

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financial crisis, exchange rates, collateral constraints

Monetary Policy in a Financial Crisis

Number of pages: 69 Posted: 13 Jun 2002 Last Revised: 11 Aug 2021
Lawrence J. Christiano, Christopher Gust and Jorge E. Roldos
Northwestern University, Board of Governors of the Federal Reserve System and International Monetary Fund (IMF)
Downloads 35 (568,863)
Citation 2

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The Great Depression and the Friedman-Schwartz Hypothesis

ECB Working Paper No. 326
Number of pages: 106 Posted: 29 Jul 2004
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 378 (100,114)

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general equilibrium, lower bound, deflation, shocks

The Great Depression and the Friedman-Schwartz Hypothesis

Number of pages: 95 Posted: 13 Nov 2007
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 228 (170,916)
Citation 25

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Freidman-Schwartz hypothesis, Great Depression, causes of Great Depression, dynamic general equilibrium model

The Great Depression and the Friedman-Schwartz Hypothesis

Number of pages: 95 Posted: 31 Jan 2004 Last Revised: 11 Jul 2010
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 43 (526,447)
Citation 40

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Introducing Financial Frictions and Unemployment into a Small Open Economy Model

Riksbank Research Paper No. 214
Number of pages: 83 Posted: 20 Dec 2007 Last Revised: 18 Oct 2011
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 413 (90,324)
Citation 12

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DSGE model, financial frictions, labor market frictions, unemployment, small open economy, Bayesian estimation

Introducing Financial Frictions and Unemployment into a Small Open Economy Model

Federal Reserve Bank of Atlanta CQER Working Paper No. 10-04
Number of pages: 73 Posted: 23 Sep 2010
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 53 (481,105)
Citation 53

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DSGE model, financial frictions, labor market frictions, unemployment, small open economy, Bayesian estimation

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Number of pages: 48 Posted: 27 Sep 2001 Last Revised: 18 Nov 2007
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 325 (118,707)
Citation 945

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consumption insurance, marriage

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Number of pages: 48 Posted: 29 Jul 2001 Last Revised: 19 Jun 2021
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 129 (280,280)
Citation 13

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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy

Posted: 13 Jan 2005
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department

Abstract:

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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

Number of pages: 54 Posted: 14 Feb 2005 Last Revised: 09 Mar 2009
David Altig, David Altig, Jesper Lindé, Lawrence J. Christiano and Martin Eichenbaum
Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Cleveland, Sveriges Riksbank - Research Division, Northwestern University and Northwestern University
Downloads 225 (173,141)

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capital, inflation, price behavior

Firm-Specific Capital, Nominal Rigidities and the Business Cycle

Number of pages: 52 Posted: 11 Mar 2010
David Altig, David Altig, Lawrence J. Christiano and Jesper Lindé
Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Cleveland, Northwestern University and Sveriges Riksbank - Research Division
Downloads 52 (485,328)
Citation 3

Abstract:

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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

Number of pages: 50 Posted: 03 Feb 2005 Last Revised: 27 Aug 2021
Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Cleveland, Northwestern University, Sveriges Riksbank - Research Division, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 43 (526,447)
Citation 8

Abstract:

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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

Number of pages: 52 Posted: 11 May 2005
David Altig, David Altig, Jesper Lindé, Lawrence J. Christiano and Martin Eichenbaum
Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Cleveland, Sveriges Riksbank - Research Division, Northwestern University and Northwestern University
Downloads 20 (671,355)
Citation 88
  • Add to Cart

Abstract:

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8.

Inflation and Monetary Policy in the Twentieth Century

Number of pages: 24 Posted: 11 Mar 2003
Lawrence J. Christiano and Terry J. Fitzgerald
Northwestern University and Organization for Economic Co-Operation and Development (OECD)
Downloads 339 (114,010)
Citation 8

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9.
Downloads 316 (123,046)
Citation 53

DSGE Models for Monetary Policy Analysis

Federal Reserve Bank of Atlanta CQER Working Paper No. 10-02
Number of pages: 94 Posted: 23 Sep 2010
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 235 (165,976)
Citation 46

Abstract:

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Taylor rule, labor supply, boom, output gap, unemployment, Bayesian inference, vector autoregression, posterior distribution

DSGE Models for Monetary Policy Analysis

Number of pages: 95 Posted: 14 Jun 2010 Last Revised: 04 Jun 2021
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 81 (384,265)

Abstract:

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10.
Downloads 315 (123,444)
Citation 34

Monetary Policy and Stock Market Booms

Economic Research Initiatives at Duke (ERID) Working Paper No. 69
Number of pages: 48 Posted: 01 Oct 2010 Last Revised: 06 Aug 2014
Lawrence J. Christiano, Cosmin L. Ilut, Roberto Motto and Massimo Rostagno
Northwestern University, Duke University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 260 (150,198)
Citation 7

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Inflation Targeting, Sticky Prices, Sticky Wages, Stock Price Boom, DSGE Model, New Keynesian Model, News, Interest Rate Rule

Monetary Policy and Stock Market Booms

Number of pages: 48 Posted: 04 Oct 2010 Last Revised: 27 Oct 2021
Lawrence J. Christiano, Cosmin L. Ilut, Roberto Motto and Massimo Rostagno
Northwestern University, Duke University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 55 (472,940)

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11.

The Band Pass Filter

Number of pages: 73 Posted: 09 Mar 2000 Last Revised: 02 May 2021
Lawrence J. Christiano and Terry J. Fitzgerald
Northwestern University and Organization for Economic Co-Operation and Development (OECD)
Downloads 225 (173,547)
Citation 79

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12.
Downloads 207 (187,621)
Citation 5

Two Flaws in Business Cycle Accounting

Number of pages: 67 Posted: 01 Nov 2006
Lawrence J. Christiano, Joshua Mark Davis and Joshua Mark Davis
Northwestern University and Pacific Investment Management Company (PIMCO)Northwestern University - Department of Economics
Downloads 170 (223,653)

Abstract:

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business cycle accounting, real business cycles, identification, maximum likelihood

Two Flaws in Business Cycle Accounting

Number of pages: 60 Posted: 20 Nov 2006 Last Revised: 24 Jul 2021
Lawrence J. Christiano, Joshua Mark Davis and Joshua Mark Davis
Northwestern University and Pacific Investment Management Company (PIMCO)Northwestern University - Department of Economics
Downloads 37 (557,563)
Citation 1

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13.
Downloads 201 (192,852)
Citation 40

What Happens after a Technology Shock?

Number of pages: 54 Posted: 18 Aug 2003
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 112 (310,868)
Citation 1

Abstract:

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productivity, long-run restriction, hours worked, weak instruments

What Happens after a Technology Shock?

Number of pages: 54 Posted: 05 Jul 2003 Last Revised: 02 May 2021
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 89 (362,511)
Citation 4

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Maximum Likelihood in the Frequency Domain: A Time to Build Example

Posted: 07 Jul 2021
Lawrence J. Christiano and Robert J. Vigfusson
Northwestern University and affiliation not provided to SSRN

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Maximum Likelihood in the Frequency Domain: A Time to Build Example

Number of pages: 17 Posted: 06 Apr 1999
Lawrence J. Christiano and Robert J. Vigfusson
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 165 (231,824)

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Maximum Likelihood in the Frequency Domain: a Time to Build Example

Number of pages: 17 Posted: 25 Jul 2000 Last Revised: 15 Sep 2021
Lawrence J. Christiano and Robert J. Vigfusson
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 27 (618,873)

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15.
Downloads 188 (204,773)
Citation 5

Involuntary Unemployment and the Business Cycle

Riksbank Research Paper Series No. 69, Sveriges Riksbank Working Paper Series No. 238
Number of pages: 54 Posted: 29 May 2010
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 65 (435,067)

Abstract:

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DSGE, unemployment, business cycles, monetary policy, Bayesian estimation

Involuntary Unemployment and the Business Cycle

Federal Reserve Bank of Atlanta CQER Working Paper No. 10-03
Number of pages: 53 Posted: 23 Sep 2010
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 46 (512,169)
Citation 5

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unemployment, job search, new Keynesian, nonaccelerating inflation rate of unemployment

Involuntary Unemployment and the Business Cycle

ECB Working Paper No. 1202
Number of pages: 59 Posted: 09 Jun 2010
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 40 (541,599)

Abstract:

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DSGE, unemployment, business cycles, monetary policy, Bayesian estimation

Involuntary Unemployment and the Business Cycle

Number of pages: 56 Posted: 08 Mar 2010 Last Revised: 05 Sep 2021
Lawrence J. Christiano, Mathias Trabandt, Mathias Trabandt and Karl Walentin
Northwestern University, Sveriges RiksbankBoard of Governors of the Federal Reserve System and Sveriges Riksbank
Downloads 37 (557,563)
Citation 2

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16.
Downloads 166 (227,990)
Citation 219

When is the Government Spending Multiplier Large?

Number of pages: 68 Posted: 05 Oct 2009 Last Revised: 26 Jul 2010
Lawrence J. Christiano, Martin Eichenbaum and Sergio T. Rebelo
Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 93 (352,411)

Abstract:

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When is the Government Spending Multiplier Large?

Federal Reserve Bank of Atlanta CQER Working Paper No. 10-01
Number of pages: 55 Posted: 23 Sep 2010
Lawrence J. Christiano, Martin Eichenbaum and Sergio T. Rebelo
Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 73 (408,284)
Citation 232

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multiplier, zero bound, deflation spiral

17.

Monetary Policy Shocks: What Have We Learned and to What End?

Number of pages: 95 Posted: 21 Jul 2000 Last Revised: 28 Jun 2021
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 147 (252,159)
Citation 55

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Shocks, Structures or Monetary Policies? The Euro Area and US After 2001

ECB Working Paper No. 774
Number of pages: 51 Posted: 11 Jul 2007
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 115 (305,056)
Citation 1

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Policy activism, DSGE model, policy inertia, shocks

Shocks, Structures or Monetary Policies? The Euro Area and Us after 2001

Number of pages: 42 Posted: 24 Oct 2007 Last Revised: 13 Jun 2021
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 29 (605,335)
Citation 2

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19.
Downloads 136 (268,309)
Citation 24

Assessing Structural Vars

Number of pages: 60 Posted: 03 Nov 2006
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 107 (321,123)
Citation 18

Abstract:

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Vector autoregression, dynamic stochastic general equilibrium model, confidence intervals, impulse response functions, identification, long run restrictions, specification error, sampling

Assessing Structural Vars

Number of pages: 55 Posted: 14 Jul 2006 Last Revised: 04 Apr 2021
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 29 (605,335)
Citation 3

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The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

Number of pages: 16 Posted: 25 Jan 2004
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 92 (354,889)
Citation 24

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Productivity, long-run identifying assumption, Granger-causality

The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

Number of pages: 16 Posted: 09 Feb 2004 Last Revised: 10 Jul 2021
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 29 (605,335)

Abstract:

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21.
Downloads 100 (333,772)
Citation 47

Expectation Traps and Monetary Policy

Number of pages: 60 Posted: 18 Apr 2003
Columbia University, Graduate School of Arts and Sciences, Department of EconomicsNew York University (NYU) - Leonard N. Stern School of Business, University of Minnesota - Twin Cities - Department of Economics and Northwestern University
Downloads 70 (417,904)
Citation 1

Abstract:

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Expectation Traps and Monetary Policy

Number of pages: 54 Posted: 25 Apr 2002 Last Revised: 08 Nov 2021
Columbia University, Graduate School of Arts and Sciences, Department of EconomicsNew York University (NYU) - Leonard N. Stern School of Business, University of Minnesota - Twin Cities - Department of Economics and Northwestern University
Downloads 30 (598,826)
Citation 6

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22.
Downloads 98 (338,180)
Citation 124

Understanding the Great Recession

Number of pages: 66 Posted: 02 Aug 2014
Lawrence J. Christiano, Martin Eichenbaum, Mathias Trabandt and Mathias Trabandt
Northwestern University, Northwestern University and Sveriges RiksbankBoard of Governors of the Federal Reserve System
Downloads 73 (408,284)
Citation 9

Abstract:

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Inflation, unemployment, labor force, zero lower bound

Understanding the Great Recession

Number of pages: 70 Posted: 14 Apr 2014 Last Revised: 07 Oct 2021
Lawrence J. Christiano, Martin Eichenbaum, Mathias Trabandt and Mathias Trabandt
Northwestern University, Northwestern University and Sveriges RiksbankBoard of Governors of the Federal Reserve System
Downloads 25 (633,223)
Citation 53

Abstract:

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23.

Unit Roots in Real Gnp: Do We Know, and Do We Care?

Number of pages: 56 Posted: 14 Jan 2001 Last Revised: 23 Jul 2021
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 93 (349,629)
Citation 3

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24.

Asset Pricing Lessons for Modeling Business Cycles

Number of pages: 54 Posted: 11 Jul 2000 Last Revised: 19 Nov 2021
Michele Boldrin, Lawrence J. Christiano and Jonas D. M. Fisher
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 84 (372,423)

Abstract:

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25.

Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions

FEDS Working Paper No. 842
Number of pages: 13 Posted: 02 Nov 2005
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 77 (391,830)
Citation 3

Abstract:

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Technology shocks, hours worked, frequency domain, spectral density matrix

Tobin&Apos;S Q and Asset Returns: Implications for Business Cycle Analysis

Number of pages: 62 Posted: 11 Jun 2000 Last Revised: 19 Jun 2021
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 76 (398,933)

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Tobin's Q and Asset Returns: Implications for Business Cycle Analysis

Posted: 26 Sep 2008
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department

Abstract:

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Asset prices, Equity premium, Tobin's q, Business cycle, Risk averson

27.
Downloads 69 (416,234)
Citation 82

Unemployment and Business Cycles

Number of pages: 68 Posted: 05 Dec 2013
Lawrence J. Christiano, Martin Eichenbaum, Mathias Trabandt and Mathias Trabandt
Northwestern University, Northwestern University and Sveriges RiksbankBoard of Governors of the Federal Reserve System
Downloads 42 (531,415)
Citation 31

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unemployment, business cycles, wage inertia, Bayesian estimation

Unemployment and Business Cycles

Number of pages: 43 Posted: 01 Aug 2013 Last Revised: 21 Feb 2021
Lawrence J. Christiano, Martin Eichenbaum, Mathias Trabandt and Mathias Trabandt
Northwestern University, Northwestern University and Sveriges RiksbankBoard of Governors of the Federal Reserve System
Downloads 27 (618,873)
Citation 55

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28.

Risk Shocks

Number of pages: 62 Posted: 12 Jan 2013 Last Revised: 19 Jul 2021
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 69 (416,234)
Citation 146

Abstract:

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29.

Modeling Money

Number of pages: 46 Posted: 24 Jul 2000 Last Revised: 29 Nov 2021
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 67 (422,778)

Abstract:

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30.

Identification and the Liquidity Effect of a Monetary Policy Shock

Number of pages: 52 Posted: 26 May 2004 Last Revised: 19 Sep 2021
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 65 (429,475)
Citation 2

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31.

Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

Number of pages: 42 Posted: 10 Jul 2000 Last Revised: 15 Aug 2021
Lawrence J. Christiano
Northwestern University
Downloads 64 (432,927)
Citation 2

Abstract:

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32.

Stock Market and Investment Goods Prices: Implications for Macroeconomics

Number of pages: 33 Posted: 14 Oct 2003 Last Revised: 29 Nov 2021
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 63 (436,410)

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33.

Financialization in Commodity Markets

Number of pages: 65 Posted: 19 Sep 2017
V. Chari and Lawrence J. Christiano
University of Minnesota - Minneapolis and Northwestern University
Downloads 61 (443,376)

Abstract:

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Spot Price Volatility, Futures Market Returns, Open interest, Net Financial Flows

34.

The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds

Number of pages: 53 Posted: 22 Jun 2000 Last Revised: 05 Nov 2021
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 61 (443,376)
Citation 41

Abstract:

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35.

How Do Canadian Hours Worked Respond to a Technology Shock?

Number of pages: 22 Posted: 06 Oct 2003
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 57 (458,157)

Abstract:

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productivity, long-run restriction, hours worked, weak instruments

36.

Money Growth Monitoring and the Taylor Rule

Number of pages: 66 Posted: 11 Oct 2001 Last Revised: 01 Nov 2021
Lawrence J. Christiano and Massimo Rostagno
Northwestern University and European Central Bank (ECB)
Downloads 56 (461,831)

Abstract:

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37.

Two Reasons Why Money and Credit May Be Useful in Monetary Policy

Number of pages: 43 Posted: 16 Oct 2007 Last Revised: 24 Nov 2021
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 55 (465,555)
Citation 1

Abstract:

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38.

On DSGE Models

Number of pages: 37 Posted: 16 Jul 2018 Last Revised: 18 Apr 2021
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Free University of Berlin (FUB) - Department of Business and Economics
Downloads 54 (469,406)

Abstract:

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39.

Two Flaws in Business Cycle Dating

Number of pages: 62 Posted: 19 Oct 2007
Lawrence J. Christiano, Joshua Mark Davis and Joshua Mark Davis
Northwestern University and Pacific Investment Management Company (PIMCO)Northwestern University - Department of Economics
Downloads 53 (473,332)

Abstract:

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business cycle accounting, financial frictions, intertemporal wedge, spillover effects

40.

Understanding the Fiscal Theory of the Price Level

Number of pages: 66 Posted: 21 May 2000 Last Revised: 16 Jun 2021
Lawrence J. Christiano and Terry J. Fitzgerald
Northwestern University and Organization for Economic Co-Operation and Development (OECD)
Downloads 52 (477,336)
Citation 3

Abstract:

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41.

Inside Money, Outside Money and Short Term Interest Rates

Number of pages: 54 Posted: 15 Sep 2000 Last Revised: 26 Nov 2021
Varadarajan V. Chari, Lawrence J. Christiano and Martin Eichenbaum
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Northwestern University
Downloads 47 (498,375)
Citation 1

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42.

Small Sample Properties of GMM for Business Cycle Analysis

Number of pages: 50 Posted: 11 Jul 2000 Last Revised: 28 Jun 2010
Lawrence J. Christiano and Wouter J. den Haan
Northwestern University and University of Amsterdam
Downloads 45 (507,141)
Citation 3

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43.

Optimality of the Friedman Rule in Economies with Distorting Taxes

Number of pages: 27 Posted: 10 Jul 2007 Last Revised: 23 Aug 2021
Varadarajan V. Chari, Lawrence J. Christiano and Patrick J. Kehoe
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Federal Reserve Bank of Minneapolis - Research Department
Downloads 41 (525,544)
Citation 2

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44.

The Permanent Income Hypothesis Revisited

Number of pages: 66 Posted: 11 Jan 2001 Last Revised: 17 Jul 2021
Lawrence J. Christiano, Martin Eichenbaum and David A. Marshall
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago
Downloads 41 (525,544)
Citation 1

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45.

Liquidity Effects and the Monetary Transmission Mechanism

Number of pages: 15 Posted: 03 Jul 2007 Last Revised: 12 Nov 2021
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 40 (530,377)
Citation 8

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46.

Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations

Number of pages: 59 Posted: 14 Jan 2001 Last Revised: 19 Nov 2021
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 40 (530,377)
Citation 15

Abstract:

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47.

Sticky Price and Limited Participation Models of Money: A Comparison

Number of pages: 58 Posted: 20 Jan 1997 Last Revised: 12 Nov 2021
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 39 (535,290)
Citation 3

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48.

Searching for a Break in Gnp

Number of pages: 34 Posted: 29 Jun 2004 Last Revised: 14 Nov 2021
Lawrence J. Christiano
Northwestern University
Downloads 36 (550,560)
Citation 5

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49.

Government Policy, Credit Markets and Economic Activity

Number of pages: 91 Posted: 20 Jun 2011
Lawrence J. Christiano and Daisuke Ikeda
Northwestern University and Bank of Japan
Downloads 35 (555,814)

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50.

Liquidity Effects, Monetary Policy, and the Business Cycle

Number of pages: 51 Posted: 09 Jun 2004 Last Revised: 15 Oct 2021
Martin Eichenbaum and Lawrence J. Christiano
Northwestern University and Northwestern University
Downloads 35 (555,814)
Citation 4

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51.

The Output, Employment, and Interest Rate Effects of Government Consumption

Number of pages: 47 Posted: 07 Aug 2007 Last Revised: 07 Feb 2021
S. Rao Aiyagari, Lawrence J. Christiano and Martin Eichenbaum
University of Rochester - William E. Simon Graduate School of Business Administration (Deceased), Northwestern University and Northwestern University
Downloads 34 (561,173)
Citation 2

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52.

How Severe is the Time Inconsistency Problem in Monetary Policy?

Number of pages: 38 Posted: 26 Feb 2001 Last Revised: 07 Oct 2021
Columbia University, Graduate School of Arts and Sciences, Department of EconomicsNew York University (NYU) - Leonard N. Stern School of Business, University of Minnesota - Twin Cities - Department of Economics and Northwestern University
Downloads 34 (561,173)

Abstract:

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53.

Chaos, Sunspots, and Automatic Stabilizers

Number of pages: 66 Posted: 15 Oct 1996 Last Revised: 02 Aug 2021
Lawrence J. Christiano and Sharon G. Harrison
Northwestern University and Barnard College
Downloads 34 (561,173)
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54.

The Expectations Trap Hypothesis

Number of pages: 42 Posted: 26 Jul 2000
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 33 (566,664)
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55.

Temporal Aggregation and Structural Inference in Macroeconomics

Number of pages: 76 Posted: 14 Jan 2001 Last Revised: 02 Sep 2021
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 32 (572,092)
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56.

Optimal Monetary Policy in a &Apos;Sudden Stop&Apos;

Number of pages: 50 Posted: 23 Jul 2007 Last Revised: 21 Mar 2021
Fabio Braggion, Lawrence J. Christiano and Jorge E. Roldos
Tilburg University - Tilburg University School of Economics and Management, Northwestern University and International Monetary Fund (IMF)
Downloads 31 (577,731)
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57.

The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?

Number of pages: 41 Posted: 14 Jan 2001 Last Revised: 25 Sep 2021
Lawrence J. Christiano and Richard M. Todd
Northwestern University and University of Minnesota - St. Paul - Department of Applied Economics
Downloads 29 (589,473)

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58.

Taylor Rules in a Limited Participation Model

Number of pages: 28 Posted: 08 Jun 1999 Last Revised: 05 Sep 2021
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 29 (589,473)

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59.

Financialization in Commodity Markets

Number of pages: 52 Posted: 11 Sep 2017 Last Revised: 10 Jun 2021
Varadarajan V. Chari and Lawrence J. Christiano
University of Minnesota - Twin Cities - Department of Economics and Northwestern University
Downloads 25 (615,022)

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60.

Leverage Restrictions in a Business Cycle Model

Number of pages: 65 Posted: 12 Jan 2013
Lawrence J. Christiano and Daisuke Ikeda
Northwestern University and Bank of Japan
Downloads 25 (615,022)

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61.

Expectation Traps and Discretion

Number of pages: 39 Posted: 19 Aug 1996 Last Revised: 23 Aug 2021
Varadarajan V. Chari, Lawrence J. Christiano and Martin Eichenbaum
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Northwestern University
Downloads 24 (621,928)
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62.

Optimal Fiscal Policy in a Business Cycle Model

Number of pages: 48 Posted: 11 Apr 2011 Last Revised: 10 Oct 2021
Varadarajan V. Chari, Lawrence J. Christiano and Patrick J. Kehoe
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Federal Reserve Bank of Minneapolis - Research Department
Downloads 20 (649,981)
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63.

Why is Unemployment so Countercyclical?

Number of pages: 49 Posted: 03 Feb 2020 Last Revised: 19 Nov 2021
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Free University of Berlin (FUB) - Department of Business and Economics
Downloads 11 (717,723)
Citation 1

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64.

Discouraging Deviant Behavior in Monetary Economics

Number of pages: 40 Posted: 17 Sep 2018 Last Revised: 03 Sep 2021
Lawrence J. Christiano and Yuta Takahashi
Northwestern University and Hitotsubashi University - Institute of Economic Research
Downloads 11 (717,723)

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65.

Does the New Keynesian Model Have a Uniqueness Problem?

Number of pages: 51 Posted: 25 May 2018 Last Revised: 07 Oct 2021
Lawrence J. Christiano, Martin Eichenbaum and Benjamin K. Johannsen
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 8 (741,433)

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66.

Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster?

Number of pages: 56 Posted: 19 Jul 2021 Last Revised: 18 Nov 2021
Lawrence J. Christiano, Hüsnü Dalgic and Armen Nurbekyan
Northwestern University, University of Mannheim and Central Bank of Armenia
Downloads 1 (801,650)
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67.

Christopher a. Sims and Vector Autoregressions

The Scandinavian Journal of Economics, Vol. 114, Issue 4, pp. 1082-1104, 2012
Number of pages: 23 Posted: 27 Nov 2012
Lawrence J. Christiano
Northwestern University
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Bayesian econometrics, dynamic stochastic general equilibrium model, generalized method of moments, Granger causality, identification, impulse response function, New Keynesian model, Nobel laureates, vector autoregression