Macroeconomics

ERC Starting Grant "AIRMAC"

Prof. Ralph Luetticke has been awarded an ERC Starting Grant, “Aggregate and Idiosyncratic Risk in Macroeconomics” (101114991 — AIRMAC — ERC-2023-STG), to study the interaction of aggregate and idiosyncratic risk. The ERC proposal has several goals, including the development of higher order perturbation solutions for HANK models, understanding the impact of aggregate risk on inequality, asset pricing with many risks, and optimal fiscal/monetary policy.

 

See below the team working on these goals as well as our current ERC working papers and codes.

Our ERC Grant Team

Prof. Ralph Luetticke

 

Postdoc Maximilian Weiß

Postdoc Luigi Briglia

PhD Albert Hidalgo

PhD Yannik Winkelmann

Working Papers under the ERC

The Military Multiplier,  Anastasiia Antonova, Ralph Luetticke, Gernot Müller
An Endogenous Gridpoint Method for Distributional Dynamics, Christian Bayer, Ralph Luetticke, Maximilian Weiss, Yannik Winkelmann
HANK's Response to Aggregate Uncertainty in an Estimated Business Cycle Model, Cosmin Ilut, Ralph Luetticke, Martin Schneider
Unconventional Monetary Policy Shocks and their Distributional Implications, David Bügel, Albert Hidalgo, Ralph Luetticke
 Why Do Supply Disruptions Lead to Inflation? , Thomas Kohler, Jean-Paul L'Huillier, Gregory Phelan, Maximilian Weiss
Fundamental Stock Price Cycles, Maximilian Weiss
Idiosyncratic Expenditure Risk as a Driver of Hand-to-Mouth Transition Dynamics, Luigi Briglia
Disaster Risk and Wealth Inequality, Alexander Dietrich, Gernot Müller, Maximilian Weiss