TOP


Hong Kong Institute for Monetary Research and CCBS of Bank of England

Joint HKIMR/CCBS Workshop on " Advanced Modelling for Monetary Policy in the Asian-Pacific Region"

10 May 2004 (Monday) - 14 May 2004 (Friday)



Programme
10 May 13:30 - 15:30 Estimation of monetary policy models I: Structuring modelling
10 May 15:30 - 16:30 Exercise on estimating model equations
11 May 09:00 - 10:30 Important components of structural models: Supply side modelling & New Keynesian Phillips curves
11 May 11:00 - 12:30 The IS curve in a macro model
11 May 13:30 - 15:00 Estimation of monetary policy models II: Rational expectations and ECMs
11 May 15:30 - 17:00 Exercises on individal models
12 May 09:00 - 10:30 Building & simulating economic models in Winsolve (1)
12 May 09:00 - 10:30 Building & simulating economic models in Winsolve (2)
12 May 11:00 - 12:30 Exercise on simulating models and understanding shocks (1)
12 May 11:00 - 12:30 Exercise on simulating models and understanding shocks (2)
12 May 13:30 - 15:00 Uncertainty: The role of stochastic simulation and the fanchart
12 May 15:30 - 17:00 Exercise on fanchart
13 May 09:00 - 10:30 Forecasting with an economic model: The role of adjustments
13 May 11:00 - 12:30 Model exercises (1)
13 May 11:00 - 12:30 Model exercises (2)
13 May 13:30 - 15:00 Dynamic Stochastic General Equilibrium (DSGE) models and the policy program
13 May 15:30 - 17:00 Policy exercise
14 May 09:00 - 10:30 Multivariate methods (1)
14 May 09:00 - 10:30 Multivariate methods (2)
14 May 09:00 - 10:30 Multivariate methods (3)


<< Back