Euro Area Business Cycle Network Training School "Monetary Policy: An Imperfect Knowledge Perspective"
Professor Bruce Preston will teach the course. Bruce Preston is a Professor of Economics at the University of Melbourne.It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers and economists working in central banks and government institutions outside of the network, as well as commercial organisations (fees applicable for non-network organisations). Topics: 1) Approaches to modelling learning dynamics a. The anticipated-utility approach and internal rationality b. Analytical methods and tools 2) Implementing monetary policy under imperfect knowledge a. Simple rules versus target criteria b. The advantages of inertia and price-level targets c. Issues in optimal policy design 3) Empirical validation a. Using survey data b. Estimating models with learning dynamics c. Application: empirical model of long-term inflation expectations
|Event dates:||2017-04-03 – 2017-04-05|
|Organizer:||Euro Area Business Cycle Network EABCN University of Mannheim, Germany|
|Conference venue:||Mannheim, University of Mannheim|
Chloe Smith (email@example.com)
|Classification:||E5 - Monetary Policy, Central Banking and the Supply of Money and Credit|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|