Monetary policy modelling - Centre for Central Banking Studies
This event aims to help participants use dynamic stochastic general equilibrium models to analyse monetary policy choices. Participants will learn methods needed to solve, estimate and analyse general equilibrium models under different assumptions about monetary policy and take part in practical sessions. Topics: - the dynamic stochastic general equilibrium paradigm; - solution, approximation and control methods for rational-expectations models; - selected estimation techniques; - practical sessions on the use of models in central banks; - the objectives of monetary policy and optimal policy under commitment and discretion; and - specialist topics such as modelling the zero lower bound on interest rates.
|Event dates:||2013-06-24 – 2013-06-28|
|Organizers:||Centre for Central Banking Studies, Bank of England|
|Classification:||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|