SPRING COURSES
WEEK 1
April 1-April 5, 2019
Time series methods for the study of the transmission of monetary and fiscal policies
Fabio Canova (Norwegian Business School)
Topics covered
- SVARs, local projections and IV approach to measure causal effects
- Bayesian SVARs
- Factor models and FAVARs
- Measurement of gap and potentials
- Forecasting. Unconditional and conditional projections. Scenario analysis.
WEEK 2
April 8-April 12, 2019
Sticky price models for monetary economics: tools, scopes and limits
Francesco Lippi, LUISS University and Einaudi Institute of Economics and Finance (EIEF)
Topics covered
- Tools for the analysis of nonlinear models
- Applications to price setting with menu cost (Partial and General equilibrium settings)
- Sufficient statistics for monetary policy: a simple tool to analyze the aggregate stickiness of an economy in a large class of economies
- Applications. Price setting with observation cost.
SUMMER COURSES
WEEK 3
July 15-19, 2019
Early Warning Systems (EWS) for Systemic Risk
Gianni De Nicolo, Johns Hopkins Carey Business School and CESifo
Topics covered
- Systemic Risk: definition and measurement
- Tail risk measure-based EWS
- Classifiers as Crisis Predictor
- Stress testing based EWS
- EWS based on SIFI Classification
WEEK 4
July 22-26, 2019
Hands-On Heterogeneous Agent Macroeconomics
Chris Carroll, Johns Hopkins University
Topics covered
- Building 'Serious' Microfoundations
- Introduction to the [Econ-ARK/HARK](http://econ-ark.org) toolkit
- Aggregation and Steady States
- Business Cycle Dynamics
- Future Directions for Heterogeneous Agent Macro Research
WEEK 5
July 29-August 2, 2019
Advances in structural vector autoregressions (SVAR) and dynamic stochastic general equilibrium models (DSGE)
Daniel Waggoner, Federal Reserve Bank of Atlanta
Topics covered
- New identification schemes for VAR models
- Simulation techniques for Bayesian SVAR
- Time-varying SVAR models
- Solving DSGE models with perturbation
- Time-varying DSGE models
Application deadline: March 20 for the Spring courses, June 30 for the Summer courses.