Description
The primary objective of the course is to link modelling and empirical issues in modern macroeconomics used for business cycle in academic research and in central banks. It focuses on how to apply econometric techniques to answer macroeconomic questions.
The course covers subjects at the frontier of business cycle economics, including:
- Models with financial frictions
- Unemployment fluctuations and business cycle models with random search and matching
- Open economy DSGE models
- Optimal monetary policy
Thèmes couverts
Structural vector autoregression (SVAR): estimation identification
Solving Linearized Rational Expectation Models
Generalized method of moments simulated method of moments indirect inference
Likelihood estimation and the Kalman filter
Estimated benchmark medium-scale DSGE models
Recent developments: financial frictions informational frictions and regime-switching models
Bayesian methods