Lawrence J. Christiano
Encyclopedia
Lawrence Joseph Christiano (born 22 January 1952) is an American economist
and researcher. He is the Alfred W. Chase Chair in Business Institutions and a professor of Economics at Northwestern University
. He has also taught at Carnegie Mellon University
and the University of Chicago
. He is considered to be among the most cited and influential economists in the world.
He received his B.A. in History and Economics and M.A. in Economics at the University of Minnesota
. He went on to earn his M.Sc. in Econometrics and MathematicalEconomics at the London School of Economics
and his Ph.D. at Columbia University
.
Christiano's research has focused on macroeconomic theory, policy, and econometrics
. Specifically, he has been concerned with 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's work has been published in numerous journals, including the Journal of Economic Theory
, the American Economic Review
, and the Review of Economics and Statistics
. In addition to his work for the Federal Reserve Bank of Minneapolis
, he has served as a research consultant for the Fed’s Board of Governors and the Federal Reserve Banks of Cleveland, Chicago, and Atlanta. He has served as a visiting scholar at the International Monetary Fund
and European Central Bank
.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and researcher. He is the Alfred W. Chase Chair in Business Institutions and a professor of Economics at Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
. He has also taught at Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
and the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
. He is considered to be among the most cited and influential economists in the world.
He received his B.A. in History and Economics and M.A. in Economics at the University of Minnesota
University of Minnesota
The University of Minnesota, Twin Cities is a public research university located in Minneapolis and St. Paul, Minnesota, United States. It is the oldest and largest part of the University of Minnesota system and has the fourth-largest main campus student body in the United States, with 52,557...
. He went on to earn his M.Sc. in Econometrics and MathematicalEconomics at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
and his Ph.D. at Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
.
Christiano's research has focused on macroeconomic theory, policy, and econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
. Specifically, he has been concerned with 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
National Science Foundation
The National Science Foundation is a United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering. Its medical counterpart is the National Institutes of Health...
and is an Associate Editor of the Journal of Money, Credit and Banking
Journal of Money, Credit and Banking
The Journal of Money, Credit and Banking is a peer-reviewed economics journal covering monetary and financial issues in macroeconomics. It is published by Wiley-Blackwell on behalf of the Ohio State University.-Replicability:...
.
Christiano's work has been published in numerous journals, including the Journal of Economic Theory
Journal of Economic Theory
The Journal of Economic Theory, often referred to as JET, is an important scholarly journal in the field of economics. Although the journal was originally intended as a specialty journal in mathematical economics, JET is now generally regarded as the leading journal in economic theory and one of...
, the American Economic Review
American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...
, and the Review of Economics and Statistics
Review of Economics and Statistics
The Review of Economics and Statistics is a peer-reviewed scientific journal specializing in applied quantitative economics, now called econometrics. It was founded in 1917 and first published as The Review of Economic Statistics in 1919...
. In addition to his work for the Federal Reserve Bank of Minneapolis
Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis, located in Minneapolis, Minnesota, in the United States, covers the 9th District of the Federal Reserve, including Minnesota, Montana, North and South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan...
, he has served as a research consultant for the Fed’s Board of Governors and the Federal Reserve Banks of Cleveland, Chicago, and Atlanta. He has served as a visiting scholar at the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
and European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...
.