Introduction to modelling for central bankers - Centre for Central Banking Studies
This one-week seminar will introduce central bankers to economic modelling techniques for monetary policy purposes by reviewing various modelling approaches: theoretical models of the dynamic stochastic general equilibrium type and estimated time-series models, including (semi) structural equation models and vector autoregressions. Practical exercises will follow theoretical sessions to provide some hands-on experience in estimating and manipulating these models. Topics: - basic optimisation techniques; - model microfoundations; - basic models of the business cycle; - simple solution methods; - univariate (long-run) modelling and cointegration; - construction and estimation of small multivariate econometric models; and - model evaluation and policy analysis using estimated models.
|Event dates:||2013-04-29 – 2013-05-03|
|Organizer:||Centre for Central Banking Studies, Bank of England|
|Classification:||C2 - Econometric Methods: Single Equation Models ; C5 - Econometric Modeling ; C6 - Mathematical Methods and Programming ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|