The lags in the transmission mechanism of monetary policy mean that policymakers must forecast the future path of the economy. Accurate forecasts are only possible with a clear understanding of the structure of the economy and the shocks affecting it. This two-week seminar aims to improve...

The attendance is by invitation only. [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.

Computational advances have greatly facilitated the use of Bayesian estimation and simulation techniques. The main advantage of these techniques is that they provide precise results in small samples and allow researchers to incorporate off-model information into the estimation procedure. In...

Computational advances have greatly facilitated the use of Bayesian estimation and simulation techniques. The main advantage of these techniques is that they provide precise results in small samples and allow researchers to incorporate off-model information into the estimation procedure. In...

Models are essential in developing rigorous, coherent and robust frameworks for economic analysis, thinking and policymaking in central banks. This one-week seminar focuses on the basics of economic modelling with a combination of lectures on introductory modelling theory and practical exercises...

The conference will focus on the implications of the new EU supervisory architecture and of the ongoing EU crisis management initiative. - Official presentation of two new reports: (The fifth European Central Bank Report on Financial Integration in Europe and The European Financial Stability and...

Central banks rely increasingly on the empirical analysis of financial markets and the information contained therein to help them analyse the state of the macroeconomy, the impact of policy actions and to estimate the effects of risk. This one-week event will provide a rigorous overview of the...

Session 1 - The design, rationale and macroeconomic impact of non-standard monetary policy measures: a central banking perspective Session 2 - The impact of non-standard measures on the transmission mechanism and financing conditions Session 3 - Non-standard measures: short-term macroeconomic...