W E E K 3 / 2012
Analyzing business cycles (July 30- August 3, 2012)
Prof Adrian R. Pagan
University of Sidney
- Types of cycles and measurement of cycle state – Automated cycle dating with the Bry-Boschen and Markov Switching algorithims.
- Summarizing characteristics of univariate cycles – duration, amplitude, variability, asymmetry.
- Summarizing characteristics of multivariate cycles – synchronization, reference cycle, aggregating turning points, heatmaps.
- Analysing the cyclical characteristics of statistical and economic models – VARs, VECMs, DSGE.
- Predicting recessions – Model based, leading indicators.
W E E K 4 / 2012
Financial Markets and the Macroeconomy (August 6- August 10, 2012)
Prof Harald Uhlig
University of Chicago
- Asset prices and macroeconomic dynamics.
- Long run risk and Epstein-Zin preferences.
- Systemic risk
- DSGE models incorporating a financial sector and house price booms and busts.
- Sovereign debt crises.
W E E K 1 / 2012
I. Open economy macroeconomics
II. Fiscal policy in closed and open economies
Open economy macroeconomics (March 19-21, 2012 2,5 days)
Prof Gianluca Benigno
London School of Economics
- Intertemporal approach to the current account and the International Real Business Cycle
- Nominal Exchange Rate Determination;
- The New Keynesian Open Economy framework: inflation dynamics and optimal policy
- Currency and Sovereign Debt Crisis.
Fiscal policy in closed and open economies (March 21-23, 2012 2,5 days)
Prof Evi Pappa
European University Institute
- Empirical evidence on the effects of fiscal policy
- Different methodologies used to extract information on the effects of government spending and tax shocks in the data
- Fiscal policy in basic RBC and New Keynesian models
- Recent theoretical macro models that describe the behaviour of governments in closed economies
- Fiscal policy in Open Economy Models
- Empirical evidence and recent theoretical open economy models that descrive the behaviour of governments.
- Fiscal policy in models with labour market frictions
- Explaining the effects of fiscal policy on the labor market from an empirical and theoretical point of view
- Fiscal and sovereign debt crises
- Sudden stops, financial crisis and empirical estimates of available fiscal space in advanced economies
W E E K 2 / 2012
Bayesian methods for macroeconomics (March 26-30, 2012)
Prof Fabio Canova
ICREA Research Professor at UPF and CEPR
- Solution of DSGE models
- ML estimation of DSGE models
- Bayesian estimation of DSGE models
- Policy analyses and forecasts with estimated DSGE models
Last update: April 6, 2012