Dear Guest! If you find an error on the page or you have any technical question please call the customer service center. Phone number is 06-80-203-776. The Central Bank of Hungary.




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.

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.


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

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]( toolkit
  • Aggregation and Steady States
  • Business Cycle Dynamics
  • Future Directions for Heterogeneous Agent Macro Research

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.

This website uses cookies to provide a more convenient browsing experience. By using this website, you accept the use of cookies. Please read our Cookie Guidelines, for more information on cookies, including information on how to disable or delete them.I accept

Please be informed that our Data Protection Guidelines were changed to be compliant with data protection laws.I understand