Courses

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.