Recent Unpublished Papers

• “Credit Crises, Precautionary Savings and the Liquidity Trap,” with Veronica Guerrieri, May 2011
• “Capital Controls and Terms of Trade Manipulation,” with Arnaud Costinot and Iván Werning, May 2011

Publications in Refereed Journals

• “Why Do Emerging Economies Borrow Short Term?” with Fernando Broner and Sergio Schmukler, Journal of the European Economic Association, forthcoming
• “Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information,” Review of Economic Studies, January 2010, 77 (1), 305-338
• “A Theory of Demand Shocks,” American Economic Review, December 2009, 99 (5), 2050-2084
• “Liquidity and Trading Dynamics,” with Veronica Guerrieri, Econometrica, November 2009, 77 (6), November 2009, 1751-1790
• “Bubbles and Self-Enforcing Debt,” with Christian Hellwig, Econometrica, July 2009, 77 (4), 1137-1164 Guido Lorenzoni September 2011
• “Inefficient Credit Booms,” Review of Economic Studies, July 2008, 75 (3), 809-833. Reprinted in Handbook of Liquidity and Crises, ed. by F. Allen, E. Carletti, J.P. Krahnen, and M. Tyrell, Oxford University Press, 2011

Submitted papers

• “Financial Integration and Liquidity Crises,” with Fabio Castiglionesi and Fabio Feriozzi, August 2009 (revise and resubmit, JPE)
• “News, Noise, and Fluctuations: An Empirical Exploration” with Olivier J. Blanchard and Jean-Paul L’Huillier, May 2009 (revise and resubmit, AER)
• “A Rational Model of Irrational Exuberance,” with George Marios Angeletos and Alessandro Pavan, August 2009 (revise and resubmit, Econometrica)
• “Decentralized Trading with Private Information,” with Mike Golosov and Aleh Tsyvinski, November 2009 (revise and resubmit, Econometrica)
• “Persistent Appreciations and Overshooting: A Normative Analysis,” with Ricardo J. Caballero, February 2009 (revise and resubmit, REStud)
• “Financial Frictions, Investment and Tobin’s q,” with Karl Walentin, October 2007 (revise and resubmit, REStud)

Other publications

• “News and Aggregate Demand Shocks,” Annual Reviews August 2011
• “Recent Developments in Business Cycle Theory: News, Expectations and Demand Shocks,” Rivista di Politica Economica, III-IV, 2006
• “The Parametrized Expectations Approach: Some Practical Issues,” with Albert Marcet in Computational Methods for the Study of Dynamic Economies, R. Marimon and A. Scott (eds.), Oxford University Press, 1999