G
Guido Lorenzoni
Researcher at Northwestern University
Publications - 91
Citations - 5836
Guido Lorenzoni is an academic researcher from Northwestern University. The author has contributed to research in topics: Interest rate & Debt. The author has an hindex of 30, co-authored 86 publications receiving 4947 citations. Previous affiliations of Guido Lorenzoni include National Bureau of Economic Research & Massachusetts Institute of Technology.
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Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
TL;DR: In this article, the authors present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves, and argue that the economic shocks associated to the COVID-19 epidemic may have this feature.
Posted Content
Inefficient Credit Booms
Guido Lorenzoni,Guido Lorenzoni +1 more
TL;DR: In this article, the welfare properties of competitive equilibria in an economy with financial frictions hit by aggregate shocks were studied and it was shown that competitive financial contracts can result in excessive borrowing ex ante and excessive volatility ex post.
Journal ArticleDOI
Inefficient Credit Booms
TL;DR: In this paper, the welfare properties of competitive equilibria in an economy with financial frictions hit by aggregate shocks were studied and it was shown that competitive financial contracts can result in excessive borrowing ex ante and excessive volatility ex post.
A Theory of Demand Shocks
TL;DR: In this paper, the authors present a model of business cycles driven by shocks to consumer expectations regarding aggregate productivity, which induce consumers to temporarily overestimate or underestimate the productive capacity of the economy.
Journal ArticleDOI
A Theory of Demand Shocks
TL;DR: In this article, the authors present a model of business cycles driven by shocks to consumer expectations regarding aggregate productivity, which induce consumers to temporarily overestimate or underestimate the productive capacity of the economy.