Consultant Details

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Lawrence J. Christiano



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Lawrence Christiano is the Alfred W. Chase Chair in Business Institutions and a professor of economics at Northwestern University. He has been affiliated with the Bank since 1985 and is currently a research consultant. He has also taught at Carnegie Mellon University and the University of Chicago.

Larry received his B.A. in history and economics and M.A. in economics at the University of Minnesota. He then went on to earn his M.Sc. in econometrics and mathematical economics at the London School of Economics and his Ph.D. at Columbia University. His research has focused on macroeconomic theory, policy, and econometrics.

Larry’s work has been published in Journal of Economic Theory, American Economic Review, Review of Economics and Statistics, and numerous other journals. In addition to his work for the Minneapolis Fed, he has also served as a research consultant for the Fed’s Board of Governors and the Federal Reserve Banks of Cleveland and Chicago, and has been a visiting scholar at the International Monetary Fund and European Central Bank. He is the recipient of six National Science Foundation grants and is a Fellow of the Econometric Society.

Recent Work/Updates

The Optimal Extraction of Exhaustible Resources
December 2014 - Economic Policy Papers

Facts and Myths about the Financial Crisis of 2008
October 2008 - Working Paper

Expectation Traps and Monetary Policy
August 2003 - Staff Report
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?
July 2003 - Quarterly Review
Reprinted From: 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
Published In: American Economic Review (Vol. 91, No. 1, March 2001, pp. 149-166)
Published In: Macroeconomic Dynamics (Vol. 1, No. 2, June 1997)

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