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Economic Research

Research Economists

All Publications and Papers for

Lawrence J. Christiano

Consultant

Facts and Myths about the Financial Crisis of 2008

October 2008 - Working Paper 666

Expectation Traps and Monetary Policy

August 2003 - Staff Report 319
Published In: Review of Economic Studies (Vol. 70, No. 4, October 2003, pp. 715-741)

How Severe is the Time-Inconsistency Problem in Monetary Policy?

Summer 2003 - Quarterly Review
Published In: Advances in economics and econometrics: Theory and applications (Vol. 3, 2003, pp. 123-150)

Habit Persistence, Asset Returns and the Business Cycle

November 2000 - Staff Report 280
Published In: American Economic Review (Vol. 91, No. 1, March 2001, pp. 149-166)
Published In: Macroeconomic Dynamics (Vol. 1, No. 2, June 1997)

Sticky Price and Limited Participation Models of Money: A Comparison

December 1996 - Staff Report 227
Published In: European Economic Review (Vol. 41, No. 6, June 1997, pp. 1201-1249)

Time to Plan and Aggregate Fluctuations

Winter 1996 - Quarterly Review

Chaos, Sunspots, and Automatic Stabilizers

August 1996 - Staff Report 214
Published In: Journal of Monetary Economics (Vol. 44, No. 1, August 1999, pp. 3-31)

Technical Appendix to “Optimal Fiscal Policy in a Business Cycle Model”

August 1996 - Working Paper 567

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

November 1995 - Staff Report 200

Asset Pricing Lessons for Modeling Business Cycles

November 1995 - Working Paper 560

Small Sample Properties of GMM for Business Cycle Analysis

September 1995 - Staff Report 199
Published In: Journal of Business and Economic Statistics (Vol. 14, No. 3, July 1996, pp. 309-327)

Algorithms for Solving Dynamic Models With Occasionally Binding Constraints

May 1994 - Staff Report 171
Published In: Journal of Economic Dynamics and Control (Vol. 24, No. 8, July 2000, pp. 1179-1232)

Optimality of the Friedman Rule in Economies With Distorting Taxes

July 1993 - Staff Report 158
Published In: Journal of Monetary Economics (Vol. 37, No. 2, April 1996, pp. 203-223)

Optimal Fiscal Policy in a Business Cycle Model

July 1993 - Staff Report 160
Published In: Journal of Political Economy (Vol. 102, No. 4, August 1994, pp. 617-652)

Liquidity Effects, Monetary Policy, and The Business Cycle

July 1992 - Discussion Paper
Published In: Journal of Money, Credit, and Banking (Vol. 27, No. 4, November 1995, pp. 1113-1136)
Published In: Federal Reserve Bank of Chicago Economic Perspectives (Vol. 16, No. 6, November-December 1992, pp. 2-14)

Liquidity Effects and the Monetary Transmission Mechanism

January 1992 - Staff Report 150
Published In: American Economic Review (Vol. 82, No. 2, May 1992, pp. 346-353)

Modeling the Liquidity Effect of a Money Shock

Winter 1991 - Quarterly Review
Published In: The rational expectations revolution: Readings from the front line (1994, pp. 427-482)

Optimal Fiscal and Monetary Policy: Some Recent Results

November 1991 - Staff Report 147
Published In: Journal of Money, Credit, and Banking (Vol 23, Num 3, August 1991 (part 2), pp. 519-539)
Published In: Political economy, growth, and business cycles (1992, pp. 283-305)

Technical Appendix for Liquidity Effects, Monetary Policy, and the Business Cycle

May 1991 - Working Paper 478

Technical Appendix to Optimal Fiscal Policy in a Stochastic Growth Model

January 1991 - Working Paper 473

Computational Algorithms for Solving Variants of Fuerst's Model

November 1990 - Working Paper 467

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

April 1990 - Working Paper 456
Published In: Journal of Monetary Economics (Vol. 30, No. 1, October 1992, pp. 73-86)

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

March 1990 - Discussion Paper
Published In: Journal of Monetary Economics (Vol. 30, No. 1, October 1992, pp. 73-86)

Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations

January 1990 - Discussion Paper
Published In: Real business cycles: A reader (1998, pp. 179-199)
Published In: Business cycle theory (1995, pp. 397-417)
Published In: American Economic Review (Vol. 82, No. 3, June 1992, pp. 430-450)

The Permanent Income Hypothesis Revisited

January 1990 - Staff Report 129
Published In: Econometrica (Vol. 59, No. 2, March 1991, pp. 397-423)

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

October 1989 - Discussion Paper
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 32, Spring 1990, pp. 7-61)

P*: Not the Inflation Forecaster's Holy Grail

Fall 1989 - Quarterly Review

Understanding Japan's Saving Rate: The Reconstruction Hypothesis

Spring 1989 - Quarterly Review

Solving a Particular Growth Model by Linear Quadratic Approximation and by Value Function Iteration

January 1989 - Discussion Paper

The Magnitude of the Speculative Motive for Holding Inventories in a Real Business Cycle Model

January 1989 - Discussion Paper

Technical Appendix to Why Does Inventory Investment Fluctuate So Much? Or: Does the Stock Market Dance to Its Own Music?

December 1987 - Working Paper 380

Comment on Romer, "Crazy Explanations for The Productivity Slowdown."

November 1987 - Working Paper 448

Intertemporal Substitution and Smoothness of Consumption

October 1987 - Working Paper 427

Why Is Consumption Less Volatile Than Income?

Fall 1987 - Quarterly Review
Published In: The rational expectations revolution: Readings from the front line (1994, pp. 391-425)

Technical Appendix to Money Does Granger-Cause Output in the Bivariate Output-Money Relation

August 1987 - Working Paper 369

Temporal Aggregation and Structural Inference in Macroeconomics

June 1987 - Working Paper 306
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 26, Spring 1987, pp. 63-130)

Estimating Continuous Time Rational Expectations Models in Frequency Domain: A Case Study

May 1987 - Working Paper 301

Temporal Aggregation and the Stock Adjustment Model of Inventories

May 1987 - Working Paper 357
Published In: The rational expectations equilibrium inventory model: Theory and applications (1989, pp. 70-108)
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 26, Spring 1987, pp. 63-130)