Training Schools

Practical DSGE Models

13/09/2017 to 15/09/2017
Deutsche Bundesbank, Frankfurt

The 27th EABCN training school will be a three days course on 'Practical DSGE Models' taught by Professor Fabio Canova (BI Norwegian School of Management)Most DSGE model used by policy institutions are generally of large scale and little attention is generally paid to issues like model misspecification, model evaluation, model reduction and re-specification. This course offers hints on how one can address these all these issues in a unified way and make economic analyses more robust.

Past Training Schools

Monetary Policy: An Imperfect Knowledge Perspective

03/04/2017 to 05/04/2017
University of Manheim

The 26th EABCN training school will be a three days course on 'Monetary Policy:  An Imperfect Knowledge Perspective' taught by Professor Bruce Preston (University of Melbourne). Using a New Keynesian model with learning dynamics, this course builds an analytical framework for monetary policy evaluation that is consistent with the pervasive evidence of low-frequency variation in macroeconomic data. The consequences of such belief structures for monetary policy design are explored. 

Micro-Structure of Trade: Theory and Evidence

19/09/2016 to 21/09/2016
Florence - EUI

Professor Marc J. Melitz (Harvard University)  will survey the newer empirical literature based on firm-level studies of trade, and develop the analytical framework for general equilibrium models of trade with heterogeneous producers. The lectures will then cover applications (both theoretical and empirical) of these models to different subfields of international economics.

Advances in Bayesian Analysis of DSGE Models

01/06/2016 to 03/06/2016
Florence, EUI

The 24th EABCN training school will be a three days course on 'Advances in Bayesian Analysis of DSGE Models' taught by Professor Frank Schorfheide (University of Pennsylvania). The course will cover the recent advances in the Bayesian analysis of dynamic stochastic general equilibrium (DSGE) models, covering both estimation methods and applications.

Term Structure Modeling and the Lower Bound Problem

07/09/2015 to 09/09/2015
Florence, EUI

The 23rd EABCN training school will be a three days course on 'Term Structure Modeling and the Lower Bound Problem' taught by Dr Jens Christensen (Federal Reserve Bank of San Francisco). The course will cover the most recent literature on how to model the term structure of bond yields including challenges posed by the asymmetric behavior of yields near their lower bound.

To access the material of the event follow this link.

Macroeconomics and Inequality

09/12/2014 to 11/12/2014
Sveriges Riksbank, Stockholm

The 22nd EABCN training school has been a three days course on 'Macroeconomics and Inequality' taught by professor Per Krusell (Stockholm University) and professor Anthony Smith (Yale University). The course has reviewed the theoretical developments of heterogeneous agents models. The course has covered the empirical literature on inequality in income and wealth.

Click here for further details.

Financial Frictions and Macroeconomic Activity

14/09/2014 to 16/09/2014
European University Institute

The 22nd EABCN training school will be a three days course on 'Finance and the Macroeconomy' taught by professor Simon Gilchrist (Boston University), The course will cover both the theoretical and empirical issues related to finance and the macroeconomy through the lenses of financial accelerator type models. The training school will take place at the European University Institute, Florence, from the 15th to the 17th of September 2014.

  • Click here for the course material.

International Dimension of Optimal Monetary Policy

02/07/2014 to 04/07/2014
University of Cambridge

The 21th EABCN training school has been a three days course on 'International Dimension of Optimal Monetary Policy' taught by professor Giancarlo Corsetti (University of Cambridge and CEPR). The course focused on:

  • Trade-offs between internal and external objectives reconsidered. Open-economy Phillips Curve, loss function and targeting rules. Monetary versus macro-prudential policies;
  • Open issues in the design of DSGE models for policy design and assessment:
    • Local currency price stability of imports;
    • Competitiveness;
    • Stabilization under fixed exchange rates: pitfalls in the so-called Walters' critique. Are multipliers larger under fixed exchange rate regime?
    • The transmission of sovereign risk. 
  • Click here for the course material

Financial Econometrics, Macroeconometrics, and Predictive Modelling

11/05/2014 to 13/05/2014
European University Institute

The 20st EABCN training school will be a three days course on 'Financial Econometrics, Macroeconometrics and Predictive Modelling' taught by professor  Francis Diebold (University of Pennsylvania). The course will focus on recent developments in measurement, modelling and forecasting in macroeconomic contexts, financial economic contexts and the interface. 


Volatility: Measurement, Modelling and Forecasting

13/11/2013 to 15/11/2013
Florence, EUI

The 19th EABCN training school will be three days course on 'Volatility: Measurement, Modelling and Forecasting' taught by Professor Torben G. Andersen (Kellogg School of Management, Northwestern). The training school will take place at the European University Institute, Florence, from the 13th to the 15th of November 2013.

  • Click here for the invitation


Markov Switching VARs and DSGEs

21/07/2013 to 25/07/2013
Budapest, Magyar Nemzti Bank

There first EABCN and MNB training school was a five days course on 'Markov Switching VARs and DSGEs' taught by Tao Zha (Federal Reserve of Atlanta). The training school took place at the Conference Center of the Magyar Nemzti Bank, Budapest from the 22nd to the 26th of July 2013.

  • Click here for the invitation.