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.
The main areas of research in which Bundesbank economists are active at this juncture can be broadly defined as:
1) Monetary stabilisation policy in the post-crisis era,
2) Understanding and addressing the impact of heterogeneities in an integrated world,
3) The financial system in flux: challenges for banking supervision and financial stability