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Lawrence J. Christiano

Alfred W. Chase Professor of Business Institutions · Northwestern University

Alfred W. Chase Chair in Business Institutions and Professor of Economics at Northwestern University. His research is in monetary economics and business-cycle models; he earlier worked at the Federal Reserve Bank of Minneapolis.

9 papers tracked 9 classics ⌁ Follow this author
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Published Classic Review of Economic Dynamics Published Apr 2011
Firm-specific capital, nominal rigidities and the business cycle

David Altig · Lawrence J. Christiano · Martin Eichenbaum · Jesper Lindé

Estimated New Keynesian models reconcile inertial inflation with Calvo pricing only by forcing firms to re-optimise prices once every two years or more, which micro price data contradict. Making …

Nominal Rigidities Business Cycles Dsge Models Monetary Policy Shocks Technology Shocks Free Read ↗
Published Classic Quarterly Review (Federal Reserve Bank of Minneapolis) Published Dec 1996
Time to Plan and Aggregate Fluctuations

Lawrence J. Christiano · Richard M. Todd

Investment projects begin with a long planning phase that consumes very little in the way of resources, and building that phase into an otherwise standard real business cycle model delays the response …

Real Business Cycle Theory Business Cycles Investment Dynamics Macro Dynamics Technology Shocks Fiscal Policy Free Read ↗