Lawrence J. Christiano
Lawrence J. Christiano

Alfred W. Chase Chair of Business Institutions, Weinberg College of Arts & Sciences
Professor of Finance (Courtesy)

Print Overview

Lawrence Christiano is the Alfred W. Chase Professor of Business Institutions. He joined the Northwestern University faculty in 1992 and is a consultant to the Federal Reserve Banks of Chicago, Cleveland and Minneapolis, and a Research Affiliate of the National Bureau of Economic Research (NBER). In 2001, he was elected a Fellow of the Econometric Society.

Christiano's research has been focused primarily on the problem of determining how the government's monetary and fiscal instruments ought to respond to shocks over the business cycle. This research has two parts; one involves formulating and estimating an empirically plausible model of the macroeconomy, and the second involves developing economic concepts and computational methods for determining optimal policy in an equilibrium model. He has received numerous grants from the National Science Foundation and is an Associate Editor of the Journal of Money, Credit and Banking.

Christiano teaches macroeconomics, international finance and applied time series analysis. He received his PhD in economics from Columbia University. Prior to his appointment at Northwestern, Professor Christiano worked at the Federal Reserve Bank of Minneapolis (1985-1992) and was a professor at the University of Chicago (1981-1985).

Print Vita
Ph.D., 1982, Economics, Columbia University
M.Sc., 1977, Econometrics/Mathematical Economics, London School of Economics
M.A., 1975, Economics, University of Minnesota
B.A., 1973, History/Economics, University of Minnesota

Academic Positions
Alfred W. Chase Chair in Business Institutions, Northwestern University, 2002-present
Professor of Economics, Department of Economics, Northwestern University, 1992-present
Visiting Professor of Economics, Department of Economics, Northwestern University, 1991-1991
Visiting Assistant Professor of Economics, Carnegie-Mellon University, 1984-1985
Assistant Professor of Business Economics, Graduate School of Business, University of Chicago, 1981-1985

Other Professional Experience
Director, Federal Reserve Bank of Minneapolis, 1991-1992
Economist, then Senior Economist, then Research Officer, Federal Reserve Bank of Minneapolis, 1985-1992

Print Research
Christiano, Lawrence J.Martin Eichenbaum and Sergio Rebelo. 2011. When is the Government Spending Multiplier Large?. Journal of Political Economy. 119(2)
Christiano, Lawrence J., Martin Eichenbaum and Sergio Rebelo. 2011. When is the Government Spending Multiplier Large?. Journal of Political Economy. 119(1): 78-121.

Print Teaching