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

68

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3,744

CROSSREF CITATIONS

2,458

Scholarly Papers (68)

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 2,236 (9,359)
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 842 (40,933)
Citation 34

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DSGE Models, Monetary Policy, Asset price boom-busts

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 382 (108,852)

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general equilibrium, lower bound, deflation, shocks

The Great Depression and the Friedman-Schwartz Hypothesis

FRB of Cleveland Working Paper No. 03-18
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 289 (147,377)
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

NBER Working Paper No. w10255
Number of pages: 95 Posted: 31 Jan 2004 Last Revised: 09 Jan 2022
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 47 (547,560)
Citation 40

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4.
Downloads 699 ( 52,431)
Citation 52

Monetary Policy in a Financial Crisis

FRB of Chicago Working Paper No. 2002-05, FRB of Cleveland Working Paper No. 02-04
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 664 (55,308)
Citation 1

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financial crisis, exchange rates, collateral constraints

Monetary Policy in a Financial Crisis

NBER Working Paper No. w9005
Number of pages: 69 Posted: 13 Jun 2002 Last Revised: 09 Feb 2022
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 (613,216)
Citation 2

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

FRB of Chicago Working Paper No. 2001-08, FRB of Cleveland Working Paper No. 01-07
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 345 (122,021)
Citation 945

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consumption insurance, marriage

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

NBER Working Paper No. w8403
Number of pages: 48 Posted: 29 Jul 2001 Last Revised: 19 Jun 2022
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 145 (278,069)
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

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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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 421 (97,250)
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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 55 (510,622)
Citation 53

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

7.

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 353 (119,815)
Citation 8

Abstract:

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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

FRB of Chicago Working Paper No. 2005-01, Riksbank Research Paper Series No. 15, Sveriges Riksbank Working Paper Series No. 176 , FRB of Cleveland Working Paper No. 04-16
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 (188,858)

Abstract:

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capital, inflation, price behavior

Firm-Specific Capital, Nominal Rigidities and the Business Cycle

FRB International Finance Discussion Paper No. 990
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 (524,004)
Citation 3

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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

NBER Working Paper No. w11034
Number of pages: 50 Posted: 03 Feb 2005 Last Revised: 25 Feb 2022
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 44 (562,804)
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 (723,619)
Citation 88
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9.
Downloads 330 (128,898)
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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 238 (179,032)
Citation 46

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

DSGE Models for Monetary Policy Analysis

NBER Working Paper No. w16074
Number of pages: 95 Posted: 14 Jun 2010 Last Revised: 04 Jun 2022
Lawrence J. Christiano, Mathias Trabandt and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 92 (384,858)

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10.
Downloads 326 (130,568)
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 267 (159,706)
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

NBER Working Paper No. w16402
Number of pages: 48 Posted: 04 Oct 2010 Last Revised: 27 Apr 2022
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 59 (493,978)

Abstract:

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11.

The Band Pass Filter

NBER Working Paper No. w7257
Number of pages: 73 Posted: 09 Mar 2000 Last Revised: 20 Apr 2022
Lawrence J. Christiano and Terry J. Fitzgerald
Northwestern University and Organization for Economic Co-Operation and Development (OECD)
Downloads 229 (186,166)
Citation 79

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12.
Downloads 208 (203,860)
Citation 5

Two Flaws in Business Cycle Accounting

FRB of Chicago Working Paper No. 2006-10
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 171 (242,362)

Abstract:

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

Two Flaws in Business Cycle Accounting

NBER Working Paper No. w12647
Number of pages: 60 Posted: 20 Nov 2006 Last Revised: 24 Jul 2022
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 (601,196)
Citation 1

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13.
Downloads 207 (204,783)
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 113 (335,372)
Citation 1

Abstract:

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

What Happens after a Technology Shock?

NBER Working Paper No. w9819
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 94 (379,596)
Citation 4

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

FRB of Chicago Working Paper No. WP-99-4
Posted: 07 Jul 2021
Lawrence J. Christiano and Robert J. Vigfusson
Northwestern University and affiliation not provided to SSRN

Abstract:

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

FRB Chicago Working Paper No. 1999-04
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 167 (247,192)

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

NBER Working Paper No. w7027
Number of pages: 17 Posted: 25 Jul 2000 Last Revised: 18 Apr 2022
Lawrence J. Christiano and Robert J. Vigfusson
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 28 (659,702)

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15.
Downloads 191 (220,137)
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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 65 (470,283)

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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 47 (547,560)
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 and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 41 (578,754)

Abstract:

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

Involuntary Unemployment and the Business Cycle

NBER Working Paper No. w15801
Number of pages: 56 Posted: 08 Mar 2010 Last Revised: 06 Mar 2022
Lawrence J. Christiano, Mathias Trabandt and Karl Walentin
Northwestern University, Goethe University in Frankfurt and Sveriges Riksbank
Downloads 38 (595,355)
Citation 2

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16.
Downloads 169 (244,434)
Citation 219

When is the Government Spending Multiplier Large?

NBER Working Paper No. w15394
Number of pages: 68 Posted: 05 Oct 2009 Last Revised: 25 Jul 2022
Lawrence J. Christiano, Martin Eichenbaum and Sergio T. Rebelo
Northwestern University, Northwestern University and Northwestern University - Kellogg School of Management
Downloads 95 (376,977)

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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 74 (438,631)
Citation 232

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multiplier, zero bound, deflation spiral

17.

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

NBER Working Paper No. w6400
Number of pages: 95 Posted: 21 Jul 2000 Last Revised: 29 Jun 2022
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 157 (260,074)
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 116 (329,193)
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

NBER Working Paper No. w13521
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 31 (638,745)
Citation 2

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19.
Downloads 136 (291,383)
Citation 24

Assessing Structural Vars

FRB International Finance Discussion Paper No. 866
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 (348,476)
Citation 18

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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

NBER Working Paper No. w12353
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 (652,500)
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 (384,858)
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

NBER Working Paper No. w10254
Number of pages: 16 Posted: 09 Feb 2004 Last Revised: 10 Jul 2022
Lawrence J. Christiano, Martin Eichenbaum and Robert J. Vigfusson
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 29 (652,500)

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21.
Downloads 102 (357,387)
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 71 (448,766)
Citation 1

Abstract:

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Expectation Traps and Monetary Policy

NBER Working Paper No. w8912
Number of pages: 54 Posted: 25 Apr 2002 Last Revised: 09 May 2022
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 31 (638,745)
Citation 6

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22.
Downloads 98 (366,827)
Citation 124

Understanding the Great Recession

FRB International Finance Discussion Paper No. 1107
Number of pages: 66 Posted: 02 Aug 2014
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Goethe University in Frankfurt
Downloads 73 (441,930)
Citation 9

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Inflation, unemployment, labor force, zero lower bound

Understanding the Great Recession

NBER Working Paper No. w20040
Number of pages: 70 Posted: 14 Apr 2014 Last Revised: 04 Apr 2022
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Goethe University in Frankfurt
Downloads 25 (682,407)
Citation 53

Abstract:

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23.

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

NBER Working Paper No. w3130
Number of pages: 56 Posted: 14 Jan 2001 Last Revised: 23 Jul 2022
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 93 (379,041)
Citation 3

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24.

Asset Pricing Lessons for Modeling Business Cycles

NBER Working Paper No. w5262
Number of pages: 54 Posted: 11 Jul 2000 Last Revised: 20 May 2022
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 93 (379,041)

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25.

Risk Shocks

NBER Working Paper No. w18682
Number of pages: 62 Posted: 12 Jan 2013 Last Revised: 20 Jul 2022
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 84 (403,303)
Citation 146

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26.

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 (424,136)
Citation 3

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

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

NBER Working Paper No. w5292
Number of pages: 62 Posted: 11 Jun 2000 Last Revised: 19 Jun 2022
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 77 (428,853)

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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

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

28.
Downloads 74 (433,560)
Citation 82

Unemployment and Business Cycles

FRB International Finance Discussion Paper No. 1089
Number of pages: 68 Posted: 05 Dec 2013
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Goethe University in Frankfurt
Downloads 45 (557,645)
Citation 31

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unemployment, business cycles, wage inertia, Bayesian estimation

Unemployment and Business Cycles

NBER Working Paper No. w19265
Number of pages: 43 Posted: 01 Aug 2013 Last Revised: 21 Feb 2021
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Goethe University in Frankfurt
Downloads 29 (652,500)
Citation 55

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29.

Financialization in Commodity Markets

FRB of Chicago Working Paper No. WP-2017-15
Number of pages: 65 Posted: 19 Sep 2017
V. Chari and Lawrence J. Christiano
University of Minnesota - Minneapolis and Northwestern University
Downloads 72 (439,985)

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

30.

Modeling Money

NBER Working Paper No. w6371
Number of pages: 46 Posted: 24 Jul 2000 Last Revised: 30 May 2022
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 68 (453,521)

Abstract:

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31.

Identification and the Liquidity Effect of a Monetary Policy Shock

NBER Working Paper No. w3920
Number of pages: 52 Posted: 26 May 2004 Last Revised: 20 Mar 2022
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 66 (460,399)
Citation 2

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32.

On DSGE Models

NBER Working Paper No. w24811
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 Goethe University in Frankfurt
Downloads 65 (463,972)

Abstract:

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33.

Stock Market and Investment Goods Prices: Implications for Macroeconomics

NBER Working Paper No. w10031
Number of pages: 33 Posted: 14 Oct 2003 Last Revised: 30 May 2022
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 65 (463,972)

Abstract:

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34.

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

NBER Working Paper No. w4699
Number of pages: 53 Posted: 22 Jun 2000 Last Revised: 07 May 2022
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 65 (463,972)
Citation 41

Abstract:

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35.

Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients

NBER Working Paper No. t0225
Number of pages: 42 Posted: 10 Jul 2000 Last Revised: 13 Feb 2022
Lawrence J. Christiano
Northwestern University
Downloads 64 (467,680)
Citation 2

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36.

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

NBER Working Paper No. w13502
Number of pages: 43 Posted: 16 Oct 2007 Last Revised: 25 May 2022
Lawrence J. Christiano, Roberto Motto and Massimo Rostagno
Northwestern University, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 58 (490,540)
Citation 1

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37.

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 58 (490,540)

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

38.

Money Growth Monitoring and the Taylor Rule

NBER Working Paper No. w8539
Number of pages: 66 Posted: 11 Oct 2001 Last Revised: 02 May 2022
Lawrence J. Christiano and Massimo Rostagno
Northwestern University and European Central Bank (ECB)
Downloads 57 (494,387)

Abstract:

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39.

Two Flaws in Business Cycle Dating

FRB of Cleveland Working Paper No. 06-12
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 55 (502,461)

Abstract:

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

40.

Understanding the Fiscal Theory of the Price Level

NBER Working Paper No. w7668
Number of pages: 66 Posted: 21 May 2000 Last Revised: 16 Jun 2022
Lawrence J. Christiano and Terry J. Fitzgerald
Northwestern University and Organization for Economic Co-Operation and Development (OECD)
Downloads 54 (506,608)
Citation 3

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41.

Inside Money, Outside Money and Short Term Interest Rates

NBER Working Paper No. w5269
Number of pages: 54 Posted: 15 Sep 2000 Last Revised: 27 May 2022
Varadarajan V. Chari, Lawrence J. Christiano and Martin Eichenbaum
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Northwestern University
Downloads 48 (532,934)
Citation 1

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42.

Small Sample Properties of GMM for Business Cycle Analysis

NBER Working Paper No. t0177
Number of pages: 50 Posted: 11 Jul 2000 Last Revised: 27 Jun 2022
Lawrence J. Christiano and Wouter J. den Haan
Northwestern University and University of Amsterdam
Downloads 45 (546,912)
Citation 3

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43.

Liquidity Effects and the Monetary Transmission Mechanism

NBER Working Paper No. w3974
Number of pages: 15 Posted: 03 Jul 2007 Last Revised: 13 May 2022
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 44 (551,750)
Citation 8

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44.

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

NBER Working Paper No. w2700
Number of pages: 59 Posted: 14 Jan 2001 Last Revised: 20 May 2022
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 42 (561,711)
Citation 15

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45.

The Permanent Income Hypothesis Revisited

NBER Working Paper No. w2209
Number of pages: 66 Posted: 11 Jan 2001 Last Revised: 17 Jul 2022
Lawrence J. Christiano, Martin Eichenbaum and David A. Marshall
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago
Downloads 42 (561,711)
Citation 1

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46.

Optimality of the Friedman Rule in Economies with Distorting Taxes

NBER Working Paper No. w4443
Number of pages: 27 Posted: 10 Jul 2007 Last Revised: 21 Feb 2022
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 (566,783)
Citation 2

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47.

Government Policy, Credit Markets and Economic Activity

NBER Working Paper No. w17142
Number of pages: 91 Posted: 20 Jun 2011
Lawrence J. Christiano and Daisuke Ikeda
Northwestern University and Bank of Japan
Downloads 40 (571,896)

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48.

Sticky Price and Limited Participation Models of Money: A Comparison

NBER Working Paper No. w5804
Number of pages: 58 Posted: 20 Jan 1997 Last Revised: 13 May 2022
Lawrence J. Christiano, Martin Eichenbaum and Charles L. Evans
Northwestern University, Northwestern University and Federal Reserve Bank of Chicago - Research Department
Downloads 40 (571,896)

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49.

Searching for a Break in Gnp

NBER Working Paper No. w2695
Number of pages: 34 Posted: 29 Jun 2004 Last Revised: 15 May 2022
Lawrence J. Christiano
Northwestern University
Downloads 39 (577,055)
Citation 5

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50.

Chaos, Sunspots, and Automatic Stabilizers

NBER Working Paper No. w5703
Number of pages: 66 Posted: 15 Oct 1996 Last Revised: 03 Aug 2022
Lawrence J. Christiano and Sharon G. Harrison
Northwestern University and Barnard College
Downloads 38 (582,311)
Citation 3

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51.

Liquidity Effects, Monetary Policy, and the Business Cycle

NBER Working Paper No. w4129
Number of pages: 51 Posted: 09 Jun 2004 Last Revised: 15 Apr 2022
Martin Eichenbaum and Lawrence J. Christiano
Northwestern University and Northwestern University
Downloads 37 (587,800)
Citation 4

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52.

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

NBER Working Paper No. w3330
Number of pages: 47 Posted: 07 Aug 2007 Last Revised: 08 Aug 2022
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 36 (593,386)
Citation 2

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53.

The Expectations Trap Hypothesis

NBER Working Paper No. w7809
Number of pages: 42 Posted: 26 Jul 2000 Last Revised: 03 Apr 2022
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 35 (599,016)
Citation 1

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54.

Expectation Traps and Discretion

NBER Working Paper No. w5541
Number of pages: 39 Posted: 19 Aug 1996 Last Revised: 21 Feb 2022
Varadarajan V. Chari, Lawrence J. Christiano and Martin Eichenbaum
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Northwestern University
Downloads 35 (599,016)
Citation 3

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55.

How Severe is the Time Inconsistency Problem in Monetary Policy?

NBER Working Paper No. w8139
Number of pages: 38 Posted: 26 Feb 2001 Last Revised: 30 Mar 2022
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 (604,683)

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56.

Temporal Aggregation and Structural Inference in Macroeconomics

NBER Working Paper No. t0060
Number of pages: 76 Posted: 14 Jan 2001 Last Revised: 03 Mar 2022
Lawrence J. Christiano and Martin Eichenbaum
Northwestern University and Northwestern University
Downloads 34 (604,683)
Citation 2

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57.

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

NBER Working Paper No. w13254
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 32 (616,531)
Citation 5

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58.

Taylor Rules in a Limited Participation Model

NBER Working Paper No. w7017
Number of pages: 28 Posted: 08 Jun 1999 Last Revised: 03 Apr 2022
Lawrence J. Christiano and Christopher Gust
Northwestern University and Board of Governors of the Federal Reserve System
Downloads 30 (629,011)

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59.

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

NBER Working Paper No. t0266
Number of pages: 41 Posted: 14 Jan 2001 Last Revised: 26 Mar 2022
Lawrence J. Christiano and Richard M. Todd
Northwestern University and University of Minnesota - St. Paul - Department of Applied Economics
Downloads 29 (635,375)

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60.

Financialization in Commodity Markets

NBER Working Paper No. w23766
Number of pages: 52 Posted: 11 Sep 2017 Last Revised: 10 Jun 2022
Varadarajan V. Chari and Lawrence J. Christiano
University of Minnesota - Twin Cities - Department of Economics and Northwestern University
Downloads 28 (642,027)

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61.

Leverage Restrictions in a Business Cycle Model

NBER Working Paper No. w18688
Number of pages: 65 Posted: 12 Jan 2013 Last Revised: 25 Jul 2022
Lawrence J. Christiano and Daisuke Ikeda
Northwestern University and Bank of Japan
Downloads 26 (655,770)

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62.

Optimal Fiscal Policy in a Business Cycle Model

NBER Working Paper No. w4490
Number of pages: 48 Posted: 11 Apr 2011 Last Revised: 10 Apr 2022
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 22 (693,212)
Citation 27

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63.

Discouraging Deviant Behavior in Monetary Economics

NBER Working Paper No. w24949
Number of pages: 40 Posted: 17 Sep 2018 Last Revised: 04 Mar 2022
Lawrence J. Christiano and Yuta Takahashi
Northwestern University and Hitotsubashi University - Institute of Economic Research
Downloads 17 (725,281)

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64.

Why is Unemployment so Countercyclical?

NBER Working Paper No. w26723
Number of pages: 49 Posted: 03 Feb 2020 Last Revised: 11 Jul 2022
Lawrence J. Christiano, Martin Eichenbaum and Mathias Trabandt
Northwestern University, Northwestern University and Goethe University in Frankfurt
Downloads 12 (769,662)
Citation 1

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65.

Does the New Keynesian Model Have a Uniqueness Problem?

NBER Working Paper No. w24612
Number of pages: 51 Posted: 25 May 2018 Last Revised: 02 Apr 2022
Lawrence J. Christiano, Martin Eichenbaum and Benjamin K. Johannsen
Northwestern University, Northwestern University and Board of Governors of the Federal Reserve System
Downloads 8 (808,426)

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66.

Modeling the Great Recession as a Bank Panic: Challenges

NBER Working Paper No. w29955
Number of pages: 61 Posted: 18 Apr 2022 Last Revised: 15 May 2022
Lawrence J. Christiano, Hüsnü Dalgic and Xiaoming Li
Northwestern University, University of Mannheim and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 5 (839,123)
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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
Downloads 3 (861,806)
Citation 1

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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

68.

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

NBER Working Paper No. w29034
Number of pages: 56 Posted: 19 Jul 2021 Last Revised: 13 May 2022
Lawrence J. Christiano, Hüsnü Dalgic and Armen Nurbekyan
Northwestern University, University of Mannheim and Central Bank of Armenia
Downloads 1 (889,061)
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