Ralph Luetticke
Ralph Luetticke
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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
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CEPR DP15133
New version
Old version
Shocks, Frictions, and Inequality in US Business Cycles
We show how a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice can be estimated in state …
Christian Bayer
,
Benjamin Born
,
Ralph Luetticke
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Code
CEPR DP14364
Ungated
VoxEU
Unconventional Fiscal Policy at Work
In an effort to stabilize the economy during the Covid-19 pandemic, the German government reduced value added taxes (VAT) by three …
Rüdiger Bachmann
,
Benjamin Born
,
Olga Goldfayn-Frank
,
Georgi Kocharkov
,
Ralph Luetticke
,
Michael Weber
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Published Version
Ungated
A Temporary VAT Cut as Unconventional Fiscal Policy
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment …
Rüdiger Bachmann
,
Benjamin Born
,
Olga Goldfayn-Frank
,
Georgi Kocharkov
,
Ralph Luetticke
,
Michael Weber
Posted Nov 10, 2022
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NBER-WP29442
Ungated
Feature @ BFI
VoxEU
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