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 (DSGE) 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, manipulating interpreting and applying these models in a variety of policy contexts.