Regular biography
Lawrence Christiano is the Alfred W. Chase Professor in the Department of Economics at Northwestern University. His research focuses on how the government's monetary and fiscal instruments should respond to shocks over the business cycle. His work involves formulating and estimating an empirically plausible model of the macroeconomy, as well as developing economic concepts and computational methods for determining optimal policy in an equilibrium model. He is a Fellow of the Econometric Society and a research associate of the National Bureau of Economic Research.
Scholar-generated biography
Lawrence Christiano is a professor specializing in macroeconomics and time series analysis. His research focuses on understanding the dynamic effects of monetary policy shocks, nominal rigidities, and business cycle fluctuations. He explores how macroeconomic variables respond to policy interventions and financial frictions, with applications to real-world events such as the Great Recession and the Great Depression. His work also examines the role of liquidity, asset returns, and labor market dynamics in shaping economic outcomes. Christiano's research contributes to the development and evaluation of dynamic stochastic general equilibrium (DSGE) models for monetary policy analysis.