 Registration | Dates July 24-30, 2008.
Course venue Free University of Brussels (ULB). Instructors
Douglas Laxton, Head of Economic Modeling Unit, Research Department, International Monetary Fund (IMF)
Ondra Kamenik, Senior Economist, Economic Modeling Unit, Research Department, International Monetary Fund (IMF)
Overview
This is a 5-day hands-on course on building Global Projection Models (GPMs) for forecasting and policy analysis. Representing the middle ground between micro-founded DSGE models and reduced-form econometric models, these models can be useful for both forecasting and monetary policy analysis. Students will learn how to use Bayesian methods in DYNARE to estimate 2-country versions of the models that include information on interest rates, exchange rates, inflation, GDP and unemployment.
Dynare is a pre-processor and a collection of MATLAB routines that have been developed to support modern macro modeling.
Prerequisites
No previous knowledge of Bayesian methods or DYNARE is required.
Schedule
Thursday, July 24: Introduction to GPMs in DYNARE by Doug Laxton
Friday, July 25: Model Extensions and Exercises by Doug Laxton
Monday, July 28: Model Extensions and Exercises by Ondra Kamenik
Tuesday, July 29: Model Extensions and Exercises by Ondra Kamenik
Wednesday, July: 30 Model Extensions and Exercises by Ondra Kamenik
For references and code see www.douglaslaxton.org
Fees The fee for the course is 1,100 euros. This includes course materials, lectures, computer labs, lunches, morning and afternoon coffee breaks, receptions. University students and staff get a discount of 25 percent of the above mentioned amount. Please include a photocopy of your student or staff card. You can pay by check, credit card (Visa, American Express, Diners Club, or MasterCard) or bank transfer. Registration and Payment: For details please click here. Contact for registrations and further information For registration and any further information you may need please contact Ms Theresa Leary. | |
