Currentworks

A Temporary VAT Cut as Unconventional Fiscal Policy
We exploit Germany’s temporary three-percentage-point VAT cut in the second half of 2020 to study the spending response to …
Rüdiger Bachmann, Benjamin Born, Olga Goldfayn-Frank, Georgi Kocharkov, Ralph Luetticke, Michael Weber
Posted Sep 1, 2024
Cite Ungated Feature @ BFI VoxEU
Unconventional Monetary Policy Shocks and their Distributional Implications
We identify a novel series of unconventional monetary policy shocks for the U.S. by combining Romer and Romer’s narrative …
David Bügel, Albert Hidalgo, Ralph Luetticke
Posted Jun 14, 2024
Cite CEPR DP19163 Ungated Code
An Endogenous Gridpoint Method for Distributional Dynamics
The histogram method (Young, 2010), while the standard approach for analyzing distributional dynamics in heterogeneous agent models, is …
Christian Bayer, Ralph Luetticke, Maximilian Weiss, Yannik Winkelmann
Posted Apr 4, 2024
Cite CEPR DP19067 Ungated Presentation Code
Financial Frictions: Macro vs Micro Volatility
Consumer credit spreads significantly impact consumption and asset dynamics, affecting indebted households’ spending behavior and …
Renato Faccini, Seungcheol Lee, Ralph Luetticke, Morten Ravn, Tobias Renkin
Posted Jan 1, 2024
Cite CEPR DP15133 New version Old version