08.06.2026
Thyssen grant awarded to Profs. Ralph Lütticke and Gernot Müller
PhD student wanted as part of their funded project "Heterogeneous Expectations in HANK Models"
Prof. Dr. Ralph Lütticke and Prof. Dr. Gernot Müller have been awarded a research grant by the Fritz Thyssen Foundation for their project “Heterogeneous Expectations in HANK Models: Empirical Evidence, New Solution Methods, and Macroeconomic Implications.” The project studies how households form expectations, how expectation formation differs across households, and how these differences affect business-cycle dynamics and the transmission of monetary and fiscal policy.
The project combines empirical work on household expectations with the development of new solution methods for heterogeneous-agent macroeconomic models. A central goal is to build tractable HANK models in which households form expectations using empirically grounded belief rules rather than full-information rational expectations.
As part of the project, the Department of Economics is looking to hire a PhD student to work on the modeling and computational side of the project. The position is particularly suited for candidates interested in quantitative macroeconomics, heterogeneous-agent models, numerical methods, and modern computational approaches to solving dynamic economic models.
For more information about the PhD position and the deadline: Click here!
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