Main Topics:
- International Economics, business cycles and financial crises
His recent work looks at the role of expectations and information diffusion in fluctuations, at how lending conditions affect aggregate spending, and at self-fulfilling models of sovereign debt crises. He is a research associate of the National Bureau of Economic Research, co- editor of the Journal of International Economics and associate editor of the Journal of Economic Perspectives.
Professional Profile:
Guido Lorenzoni is a macroeconomist mainly interested in business cycles and financial crises. Lorenzoni is the Breen Family Professor of Economics at Northwestern University. He is also a consultant for the Federal Reserve Bank of Chicago and a Research Associate at the National Bureau for Economic Research.
Guido Lorenzoni’s research focuses on the role of expectations in economic fluctuations and on the interaction between financial markets and aggregate economic activity. In particular, he has worked on models where changing expectations about long-run growth can determine short-run business cycles.
He has also worked on the role of regulation in preventing the accumulation of excessive leverage, in order to reduce the economy’s exposure to financial crises.
Lorenzoni has a PhD from MIT (2001). Before joining Northwestern in 2013 he worked at Princeton and MIT. In 2009, he received the Alfred P. Sloan Research Fellowship. He is a co-editor of the Journal of International Economics and an associate editor of the American Economic Review and of the Journal of Economic Perspectives.
Selected Works:
- “House Prices and Consumer Spending” with David Berger, Veronica Guerrieri and Joe Vavra,forthcoming, Review of Economic Studies.
- “Moral Hazard Misconceptions: the Case of the Greenspan Put” with Gideon Bornstein, forthcoming, IMF Economic Review.
- “Financial Crises, Dollarization, and Lending of Last Resort in Open Economies” with Luigi Bocola, Maggio 2018
- “Short-run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis” with Olivier J. Blanchard and Jean Paul Huillier, Journal of Policy Modeling, 39(4): 639-649, July 2017
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