Centre for International Macroeconomic Studies - Workshop 6
- When?
- Thursday 12 May 2011
- Where?
- 40AD00
- Open to:
- Staff, Students
- Speaker:
- Prof. Joe Pearlman, Prof. Paul Levine
Workshop 6 will be held on May 12th, University of Surrey, Department of Economics, Room 40, starting with coffee at 10.30. Paul Levine, Joe Pearlman and Bo Yang will be presenting our new software on optimal policy design now incorporated into Dynare. We will also review progress on the modules for our Dynare course.
Agenda
10.30 – 11.00 Coffee
11.00 – 11.30 Overview (Paul Levine)
11.30 – 12.30 From Dynare Models to the LQ Optimization Problem (Joe Pearlman)
12.30 – 1.30 Lunch
1.30 – 3.00 Optimal Policy with Perfect Information (Joe Pearlman, Bo Yang and Paul Levine)
- Commitment (JP, BY)
- Discretion (JP , BY)
- Optimized Simple Rules (JP, BY)
- The Zero Lower Bound Constraint (PL, BY)
- Application to Coordinated Monetary and Fiscal Policy (PL)
3.00 – 3.30 Coffee
3.30 – 5.00 Progress Report on the DSGE Course
- From RBC to NK Closed Economy Models (CC, PL)
- Bayesian Estimation and Validation (VG, BY)
- VARs and DSGE-VARS ( BY, PL)
- Developments of the Basic Model (PL, GM)
4.45 – 5.15 Progress on ESRC-DFID Bid (Bo Yang, Vasco Gabriel and Paul Levine)
5.50 – Drinks in Waites House
7.00pm Dinner in Guildford
