Currentworks

An Endogenous Gridpoint Method for Distributional Dynamics
Modeling continuous choices in heterogeneous agent models as ``lotteries’’ over a discretized state space is standard …
Christian Bayer, Ralph Luetticke, Maximilian Weiss, Yannik Winkelmann
Posted Mar 28, 2025
Cite CEPR DP19067 Ungated Code
The Military Multiplier
What determines the effectiveness of military buildups? We introduce the concept of the military multiplier: the percentage increase in …
Anastasiia Antonova, Ralph Luetticke, Gernot Müller
Posted Mar 25, 2025
Cite Paper Presentation
HANK's Response to Aggregate Uncertainty in an Estimated Business Cycle Model
This paper studies a HANK model with agents who respond to both idiosyncratic and aggregate uncertainty. Since aggregate uncertainty is …
Cosmin Ilut, Ralph Luetticke, Martin Schneider
Posted Dec 24, 2024
Cite NBER WP Ungated
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