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Ludwig Straub
@ludwigstraub
Economist at @Harvard
Joined August 2015
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    🚨Application deadline coming up for our 2026 heterogenous-agent macro workshop in Frankfurt! June 8-10 in Frankfurt, Germany. Run with @a_auclert and Matt Rognlie. Hosted by @MathiasTrabandt. All the details are here 👉 tinyurl.com/GMTS2026 Apply by this Friday!
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    Wrapping up my first year PhD course today. Had a great time with incredible students! As a huge fan of using flowcharts to represent models (you should try it too it's addictive!), I created one for the textbook New-Keynesian model 🤓
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    New paper on recent US tariffs with Matt Rognlie and @a_auclert Our focus: effects of temporary increases in tariffs (“tariff shocks") Three Qs: 1 Will tariffs lead to a recession? 2 Will they reduce the trade deficit? 3 Why are they not appreciating USD? (as in std theory) 🧵
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    Recent inflation and consumer spending numbers have remained strong. Why? One idea that people seem to dismiss somewhat: Excess savings “It’s been two years since Biden’s stimulus, everybody already spent it” A short 🧵 on why that is the wrong way of thinking about it... 1/N
    Inflation firmed and consumers stepped up spending in January, likely leaving the Federal Reserve on track to keep raising interest rates on.wsj.com/3YdWgMF
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    1/N My very first thread! ... I’d like to use it to explain some new work. Let’s start with a thought experiment: Say all US household debt was refinanced to a 1% lower rate. Would it have an impact on the economy?
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    So happy and honored to be among this year's @SloanFoundation Research Fellows! Thank you to my wonderful collaborators, colleagues, and mentors!
    We have today announced the names of the 2024 Sloan Research Fellows! Congratulations to these 126 outstanding early-career researchers: sloan.org/fellowships/20…
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    Couldn’t be happier about this!! Thanks to the AQR Institute at @LBS and to everyone who supported me over the last few years!
    Congratulations to @ludwigstraub, winner of the AQR Asset Management Institute Young Researcher Award 2022. These awards recognise talented new academics producing impactful research in the field of #AssetManagement. Read more: ow.ly/7OP650JQFTz #MonetaryPolicy #Research
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    Just got back from this year’s @KansasCityFed Jackson Hole Symposium. What a special place! Beautiful scenery, interesting papers, and great discussions. I presented new work with @a_auclert, @HannesMalmberg1, Matt Rognlie… 🧵
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    Are you a 2nd yr grad student in econ interested in recent advances in HANK models? Solution methods, fiscal & monetary policy, open economy, estimation? This may be for you 🙂 @a_auclert, Matt Rognlie and I are running a 3 day workshop at @nberpubs in June. Details 👇 Please RT!
    Call for Applications: Graduate Student Workshop on Heterogeneous Agent Macroeconomics. To be held in-person, assuming public health conditions permit, June 6-8, '22, Cambridge, MA. Applications due no later than 11:59 pm (EST) Monday, February 28, 2022. nber.org/graduate-stude…
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    What a lovely day this would have been to have the AEAs in Boston...
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    Matt Rognlie teaching 35 amazing students how to solve for the dynamics of heterogeneous agent models at our ⁦@nberpubs⁩ het agent macro workshop this morning! ⁦@a_auclert⁩ ⁦@BardoczyBence⁩ Michael Cai
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    Come to our heterogeneous-agent macro workshop in Frankfurt this year! Hosted at the wonderful Goethe University. All the details are below👇
    I am delighted to announce the Goethe Macro Training School Workshop on Heterogeneous-Agent Macroeconomics on June 24-26, 2024, in Frankfurt (Germany). Instructors: @a_auclert @rognlie_matthew @ludwigstraub. Link to call for applications: tinyurl.com/GMTS2024
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    Replying to @ludwigstraub
    How does it stop? One very natural way: Money is earned more and more by richer people who spend it less and less (lower MPCs). @a_auclert Matt Rognlie and I call this the “Trickling Up” effect. The stimulus slowly trickles up the wealth distribution, where it remains. 4/N
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    (Toy) models are elaborate stories. Here is the story underlying our recent research, without any math. Maybe it gets you to view the world in a slightly different light :)
    What is saving? The number we "save" in our bank account out of the pay-check is just that - a number in a computer Our hope when we save is that the number means something. But that cannot be taken for granted