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](http://econ-ark.org) 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.