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.
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Past Training Schools
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.
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.
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.
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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.
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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.
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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;
- 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.
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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.
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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.
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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.
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The 18th EABCN training school will be three days course on 'The Search-Theoretic Approach to Liquidity' taught by Professor Ricardo Lagos (New York University). The training school took place at Banco de Portugal, Lisbon, from the 13th to the 15th of May 2013.
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