Centre for International Macroeconomic Studies - Workshop 5

When?

Wednesday 23 March 2011, 11:00

Where?

04AD00

Open to:

Staff

Speaker:

Dr. Rudrani Bhattachrya, Dr. Ila Patnaik

Workshop 5  will be held on March 23 – March 24, 2011, University of Surrey, Department of Economics, Room 40, starting with coffee at 10.30.  The focus will be on reporting  research outcomes from our project  ‘‘Building Capacity and Consensus for Monetary and Financial Reform in India’’ .

Wednesday:

10.30 - 11.00.      Coffee and introduction.

11.00 - 12.00  Informality and Monetary Policy:   Nicoletta Batini, Paul Levine and Emanuella Lotti

12.00 - 1.  An RBC model for India:  Rudrani Bhattachrya

1.00 - 2.00    Lunch

2.00-3.00      Changing Stylised Facts of Business Cycles in India :  Ila Patnaik

3.00 - 3.15  Coffee

3.15 - 4.45    From VAR to DSGE-VAR with India Data

(1)  A Standard VAR – Aynur Alptekin and Vasco Gabriel
(2)  An Estimated  DSGE Open-Economy Model of the Indian Economy with Financial Frictions – Vasco  Gabriel, Paul Levine and Bo Yang
(3)  A DSGE-VAR  Model of (2) Vasco  Gabriel, Paul Levine and Bo Yang

4.45 - 5.30  What Next?  Round Table Discussion

5.50 - Drinks in Waites House


7.00pm   Dinner in Guildford

Thursday: DSGE Modelling Tutorial Session

10.00-11.00    The Open Economy and Normalization Issues.  Paul Levine

11.00-11.15     Coffeee

11.15-12.15     Optimal Policy in Dynare: Present and Forthcoming Features.  Joseph Pearlman and Bo Yang

12.15-1.00        Discussion of Future Development of DSGE Modelling Course

1.00                   End of Workshop