SPRING
March 31-April 4
Advanced time series methods (Fabio Canova, EUI)
- Classical and Bayesian VARs
- Classical and Bayesian panel models
- Classical Factor models and FAVARs
- Classical and Bayesian state space models
- Models with time varying parameters and stochastic volatility
April 7-11
Part I: April 7-9
Closed economy macroeconomics (Claudio Michelacci, CEMFI)
- The neoclassical growth model. Endogenous growth models
- Real business cycle models
- Models with nominal price rigidities. New Keynesian models
- Labor market models with search frictions
Part II: April 9-11
Open Economy Macroeconomics (Evi Pappa, EUI)
- Business-Cycle Facts in Poor, Emerging, and Rich Countries
- The Small-Open-Economy Real-Business-Cycle Model. Terms of trade shocks
- Interest Rates, Productivity Shocks, and Financial Frictions
- Sovereign Debt
SUMMER
July 28-August 1
Forecasting with Bayesian DSGE and time series models (Marco Del Negro, Fed of NY)
- Basic of Bayesian methods
- DSGE and time series models
- Model evaluation
- Forecasting
- Topics: non-gaussianity, time variations, prior elicitation.
August 4-8
Macro- Financial Linkages (Vincenzo Quadrini, USC)
- Traditional models of macro-financial linkages (BGG, Kiyotaki and Moore)
- New models of macro-financial linkages
- Solving non-linear models with macro-financial linkages
- Macro-financial linkages in open economies
- Financial markets and labor market linkages