Lawrence Christiano

Biographic Data

ID5739626
NAMELawrence Christiano
GIVEN NAMESLawrence
FAMILY NAMEChristiano
SIGNATURECHRISTIANO L
AFFILIATIONSNorthwestern University
VERIFIEDNo
TOTAL WORKS3
TOTAL CITATIONS54
AUTHOR COUNT3
EDITOR COUNT0
FIRST PUBLICATION YEAR1970
LATEST PUBLICATION YEAR2022
H-INDEX2

  • Modelling the Great Recession as a Bank Panic: Challenges

    Open AccessLawrence J Christiano, Lawrence Christiano et al.ARTICLEEconomica2022References: 22

    We highlight two challenges for the notion that a pure panic bank run played an important role in the dynamics in the Great Recession. First, the conclusion depends critically on ruling out any entry of new net worth into a sector experiencing a run. We find that the implied cost of entry is implausibly large, across a range of pure panic models. Second, we show that the qualitative features of run equilibria (their existence, how many there are,…

  • When Is the Government Spending Multiplier Large

    Lawrence J Christiano, Lawrence Christiano et al.ARTICLEJournal of Political Economy2011Cited by: 52References: 5

    We argue that the government-spending multiplier can be much larger than one when the zero lower bound on the nominal interest rate binds. The larger the fraction of government spending that occurs while the nominal interest rate is zero, the larger the value of the multiplier. After providing intuition for these results, we investigate the size of the multiplier in a dynamic, stochastic, general equilibrium model. In this model the multiplier ef…

  • Essays in Monetary Economics

    David Lagakos, Johannes Wieland et al.ARTICLEInternational Affairs1970Cited by: 2

    Essays in Monetary Economics Get access Essays in Monetary Economics. By Harry G. Johnson. 2nd ed. with new Introduction. London: Allen & Unwin. 1969. 332 pp. Bibliog. Index. (Unwin University Books, 52.) 25s. International Affairs, Volume 46, Issue 4, October 1970, Page 780, https://doi.org/10.1093/ia/46.4.780b Published: 01 October 1970