NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Lawrence Christiano

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers and Chapters

November 2014Comment on "Whither News Shocks?"
in NBER Macroeconomics Annual 2014, Volume 29, Jonathan Parker and Michael Woodford, editors
April 2014Understanding the Great Recession
with Martin S. Eichenbaum, Mathias Trabandt: w20040

Forthcoming: Understanding the Great Recession, Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt. in Lessons from the Financial Crisis for Monetary Policy, Gertler. 2014

August 2013Unemployment and Business Cycles
with Martin S. Eichenbaum, Mathias Trabandt: w19265
January 2013Risk Shocks
with Roberto Motto, Massimo Rostagno: w18682
Leverage Restrictions in a Business Cycle Model
with Daisuke Ikeda: w18688
June 2012Comment on "The Household Effects of Government Spending"
in Fiscal Policy after the Financial Crisis, Alberto Alesina and Francesco Giavazzi, editors
October 2011Comment on "Unemployment in an Estimated New Keynesian Model"
in NBER Macroeconomics Annual 2011, Volume 26, Daron Acemoglu and Michael Woodford, editors
June 2011Government Policy, Credit Markets and Economic Activity
with Daisuke Ikeda: w17142
May 2011Comment on "What Fiscal Policy is Effective at Zero Interest Rates?"
in NBER Macroeconomics Annual 2010, Volume 25, Daron Acemoglu and Michael Woodford, editors
September 2010Monetary Policy and Stock Market Booms
with Cosmin L. Ilut, Roberto Motto, Massimo Rostagno: w16402

Published: Lawrence Christiano & Cosmin Ilut & Roberto Motto & Massimo Rostagno, 2010. "Monetary policy and stock market booms," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 85-145. citation courtesy of

June 2010DSGE Models for Monetary Policy Analysis
with Mathias Trabandt, Karl Walentin: w16074

Published: DSGE Models for Monetary Policy Analys is, joint with Mathia s Trabandt and Karl Walentin, in Benjamin M. Friedman, and Michael Woodford, editors: Handbook of Monetary Economics , Vol. 3A, The Netherlands: North-Holland.

March 2010Involuntary Unemployment and the Business Cycle
with Mathias Trabandt, Karl Walentin: w15801
October 2009When is the government spending multiplier large?
with Martin Eichenbaum, Sergio Rebelo: w15394

Published: Lawrence Christiano & Martin Eichenbaum & Sergio Rebelo, 2011. "When Is the Government Spending Multiplier Large?," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 78 - 121. citation courtesy of

October 2007Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
with Roberto Motto, Massimo Rostagno: w13521

Published: Christiano, Lawrence & Motto, Roberto & Rostagno, Massimo, 2008. "Shocks, structures or monetary policies? The Euro Area and US after 2001," Journal of Economic Dynamics and Control, Elsevier, vol. 32(8), pages 2476-2506, August. citation courtesy of

Two Reasons Why Money and Credit May be Useful in Monetary Policy
with Roberto Motto, Massimo Rostagno: w13502
July 2007Optimal Monetary Policy in a 'Sudden Stop'
with Fabio Braggion, Jorge Roldos: w13254

Published: Braggion, Fabio & Christiano, Lawrence J. & Roldos, Jorge, 2009. "Optimal monetary policy in a [`]sudden stop'," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 582-595, May. citation courtesy of

May 2007Assessing Structural VARs
with Martin Eichenbaum, Robert Vigfusson
in NBER Macroeconomics Annual 2006, Volume 21, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
October 2006Two Flaws In Business Cycle Accounting
with Joshua M. Davis: w12647
July 2006Assessing Structural VARs
with Martin Eichenbaum, Robert Vigfusson: w12353

Published: Assessing Structural VARs, Lawrence J. Christiano, Martin Eichenbaum, Robert Vigfusson. in NBER Macroeconomics Annual 2006, Volume 21, Acemoglu, Rogoff, and Woodford. 2007

January 2005Firm-Specific Capital, Nominal Rigidities and the Business Cycle
with David Altig, Martin Eichenbaum, Jesper Linde: w11034

Published: David Altig & Lawrence Christiano & Martin Eichenbaum & Jesper Linde, . "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics. citation courtesy of

January 2004The Great Depression and the Friedman-Schwartz Hypothesis
with Roberto Motto, Massimo Rostagno: w10255

Published: Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2003. "The Great Depression and the Friedman-Schwartz hypothesis," Proceedings, Federal Reserve Bank of Cleveland, pages 1119-1215. citation courtesy of

The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
with Martin Eichenbaum, Robert Vigfusson: w10254

Published: Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2004. "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 381-395, 04/05. citation courtesy of

October 2003Stock Market and Investment Goods Prices: Implications for Macroeconomics
with Jonas D. M. Fisher: w10031
July 2003What Happens After a Technology Shock?
with Martin Eichenbaum, Robert Vigfusson: w9819
June 2002Monetary Policy in a Financial Crisis
with Christopher Gust, Jorge Roldos: w9005

Published: Christiano, Lawrence J., Christopher Gust and Jorge Roldos. "Monetary Policy In A Financial Crisis," Journal of Economic Theory, 2004, v119(1,Nov), 64-103. citation courtesy of

April 2002Expectation Traps and Monetary Policy
with Stefania Albanesi, V.V. Chari: w8912

Published: Albanesi, Stefania, V. V. Chari and Lawrence J. Christiano. "Expectation Traps And Monetary Policy," Review of Economic Studies, 2003, v70(4,Oct), 715-741. citation courtesy of

October 2001Money Growth Monitoring and the Taylor Rule
with Massimo Rostagno: w8539
July 2001Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
with Martin Eichenbaum, Charles Evans: w8403

Published:

February 2001How Severe is the Time Inconsistency Problem in Monetary Policy?
with Stefania Albanesi, V.V. Chari: w8139

Published: Albanesi, Stefania, V. V. Chari and Lawrence J. Christiano. "How Severe Is The Time-Inconsistency Problem In Monetary Policy?," FRB Minneapolis - Quarterly Review, 2003, v27(3,Summer), 17-33. citation courtesy of

December 2000The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
with Richard M. Todd: t0266

Published: Christiano, Lawrence J. and Richard M. Todd. "The Conventional Treatment Of Seasonality In Business Cycle Analysis: Does It Create Distortions?," Journal of Monetary Economics, 2002, v49(2,Mar), 335-364.

July 2000The Expectations Trap Hypothesis
with Christopher J. Gust: w7809

Published: Christiano, Lawrence J. and Christopher Gust. "The Expectations Trap Hypothesis," FRB Chicago - Economic Perspectives, 2000, v24(2,Second-Qtr), 21-39. citation courtesy of

April 2000Understanding the Fiscal Theory of the Price Level
with Terry J. Fitzgerald: w7668

Published: Christiano, Lawrence J. and Terry J. Fitzgerald. "Understanding The Fiscal Theory Of The Price Level," FRB Cleveland - Economic Review, 2000, v36(2,Qtr-2), 2-37. citation courtesy of

July 1999The Band Pass Filter
with Terry J. Fitzgerald: w7257

Published: Christiano, Lawrence J. and Terry J. Fitzgerald. "The Band Pass Filter," International Economic Review, 2003, v44(2,May), 435-465. citation courtesy of

March 1999Taylor Rules in a Limited Participation Model
with Christopher J. Gust: w7017

Published: Published as "Sticky Price and Limited Participation Models of Money: A Comparison", European Economic Review, Vol. 41, no. 6 (June 1997): 1201-12 49.

Maximum Likelihood in the Frequency Domain: A Time to Build Example
with Robert J. Vigfusson: w7027

Published: Christiano, Lawrence J. and Robert J. Vigfusson. "Maximum Likelihood In The Frequency Domain: The Importance Of Time-To-Plan," Journal of Monetary Economics, 2003, v50(4,May), 789-815.

February 1998Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
t0225
Monetary Policy Shocks: What Have We Learned and to What End?
with Martin Eichenbaum, Charles L. Evans: w6400

Published:

  • Published as "The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds", Review of Economics and Statistics, Vol. 78, no. 1(February 1996): 16-34.
  • Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999. "Monetary policy shocks: What have we learned and to what end?," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148 Elsevier.

January 1998Modeling Money
with Martin Eichenbaum, Charles L. Evans: w6371
October 1997Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
with Jonas D.M. Fisher: t0218

Published: Christiano, Lawrence J. and Jonas D.M. Fisher. "Algorithms For Solving Dynamic Models With Occasionally Binding Constraints," Journal of Economic Dynamics and Control, 2000, v24(8,Jul), 1179-1232.

October 1996Sticky Price and Limited Participation Models of Money: A Comparison
with Martin Eichenbaum, Charles L. Evans: w5804

Published: Christiano, Lawrence J., Martin Eichenbaum and Charles L. Evans. "Sticky Price And Limited Participation Models Of Money: A Comparison," European Economic Review, 1997, v41(6,Jun), 1201-1249. citation courtesy of

August 1996Chaos, Sunspots, and Automatic Stabilizers
with Sharon G. Harrison: w5703

Published: Journal of Monetary Economics, Vol. 44, no. 1 (August 1999): 3-31. citation courtesy of

April 1996Expectation Traps and Discretion
with V. V. Chari, Martin Eichenbaum: w5541

Published: Journal of Economic Theory, Vol. 81, no. 2 (August 1998): 462-492 citation courtesy of

October 1995Tobin's q and Asset Returns: Implications for Business Cycle Analysis
with Jonas Fisher: w5292
September 1995Asset Pricing Lessons for Modeling Business Cycles
with Michele Boldrin, Jonas D.M. Fisher: w5262
Inside Money, Outside Money and Short Term Interest Rates
with V. V. Chari, Martin Eichenbaum: w5269

Published:

March 1995Small Sample Properties of GMM for Business Cycle Analysis
with Wouter J. Den Haan: t0177

Published: Christiano, Lawrence J. and Wouter J. Den Haan. "Small-Sample Properties Of GMM For Business-Cycle Analysis," Journal of Business and Economic Statistics, 1996, v14(3,Jul), 309-327.

April 1994The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
with Martin Eichenbaum, Charles Evans: w4699

Published: Review of Economics and Statistics, vol. LXXVIII, no. 1, February 1996, pp. 16-34

October 1993Optimal Fiscal Policy in a Business Cycle Model
with V. V. Chari, Patrick J. Kehoe: w4490

Published: Journal of Political Economy, vol. 102, no. 3, August 1994 citation courtesy of

August 1993Optimality of the Friedman Rule in Economies with Distorting Taxes
with V. V. Chari, Patrick J. Kehoe: w4443

Published: Journal of Monetary Economics, vol. 37, no. 2 (April 1996). citation courtesy of

August 1992Liquidity Effects, Monetary Policy, and the Business Cycle
with Martin Eichenbaum: w4129

Published: Journal of Money, Credit and Banking, vol. 27, no. 4, November 1995 Part I pp 1113-1136 citation courtesy of

January 1992Liquidity Effects and the Monetary Transmission Mechanism
with Martin Eichenbaum: w3974

Published: American Economic Review, Papers and Preceedings Vol. 82, No. 2, pp. 346-353 May 1992 citation courtesy of

November 1991Identification and the Liquidity Effect of a Monetary Policy Shock
with Martin Eichenbaum: w3920

Published: "Some Empirical Evidence on the Liquidity Effect", Political Economy, Growth, and Business Cycles EDS.: A. Cuikerman, Z. Hercowitz, L. Leiderman MIT Press 1992

April 1990The Output, Employment, and Interest Rate Effects of Government Consumption
with S. Rao Aiyagari, Martin Eichenbaum: w3330

Published: Journal of Monetary Economics, 1992 citation courtesy of

October 1989Unit Roots in Real GNP: Do We Know, and Do We Care?
with Martin Eichenbaum: w3130

Published:

  • Carnegie Rochester Conference Series on Public Policy, Vol. 32, pp. 7-61, Spring 1990.
  • Christiano, Lawrence J. & Eichenbaum, Martin, 1990. "Unit roots in real GNP: Do we know, and do we care?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 7-61, January. citation courtesy of

September 1988Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
with Martin Eichenbaum: w2700

Published: American Economic Review Vol. 82, No. 3, pp. 430-450 June 1992

August 1988Searching For a Break in GNP
w2695

Published: Journal of Business and Economic Statistics, July 1992, Vol. 10, No. 3 citation courtesy of

March 1987The Permanent Income Hypothesis Revisited
with Martin Eichenbaum, David Marshall: w2209

Published: Econometrica, Volume 59, Number 2, March 1991, pp. 397-424. citation courtesy of

September 1986Temporal Aggregation and Structural Inference in Macroeconomics
with Martin S. Eichenbaum: t0060

Published: Eichenbaum, Martin S. and L. J. Christiano. "Temporal Aggregation and Structural Inference in Macroeconomics," Carnegie-Rochester Conference Series on Public Policy, Vol. 26, Spring 1987, pp. 63-130.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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