Publications

Work in Progress

Projects that are still being developed.

Work in progress

The Marginal Consumption Reaction to Uncertainty

Yannik Winkelmann

Work in progress

I study the role of consumption in the transmission of aggregate uncertainty. I construct a sufficient statistic for the marginal consumption reaction to aggregate uncertainty and discipline it with micro data to assess the importance of this channel for business cycle dynamics.

Publications

Peer-reviewed and forthcoming articles.

Journal article

An Endogenous Gridpoint Method for Distributional Dynamics

Christian Bayer, Ralph Luetticke, Maximilian Weiss, and Yannik Winkelmann

Journal of Monetary Economics

We develop a novel and efficient method that captures nonlinearities in the distributional dynamics of heterogeneous-agent models, allowing accurately higher-order solutions.

Link

Journal article

Inflation and Price Flexibility

Yannik Winkelmann, Ivan Petrella, and Emiliano Santoro

European Economic Review

Using UK consumer price microdata, we show that time-varying aggregate price flexibility induces significant non-linearity in inflation dynamics, with important implications for the transmission of shocks and the conduct of monetary policy.

Link