CEF 2012

 

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Pre-Conference Workshops

 

Two optional pre-conference workshops will be offered to conference attendees prior to the start of CEF 2012.  Registration for workshops is available online with conference registration.  The fee is $30 or 24Ä for 1.5 days and $10 or 8Ä for 1/2 day.  Space is limited, and priority will be given to PhD students (ID required at check-in).  Non-students may register but will be waitlisted until after May 1, 2012.  Those who register and cannot be accommodated will be refunded in full. Workshops will be held at the Diplomat Hotel.

 

1 1/2 Days: Monday June 25 -- 9:00 a.m. to 5:30 p.m.

and Tuesday, June 26 -- 9:00 a.m. to 12:30 p.m.

The IRIS Toolbox Summer Workshop 2012:

Introduction to Efficient DSGE Modelling

 

Presented by Jaromir Benes, Developer of IRIS and

Senior Economist, Economic Modeling Division, International Monetary Fund

and Martin Fukac, Economist, Federal Reserve Bank of Kansas City

 

The workshop aims to explain the principles of efficient DSGE model building using the examples of some of the algorithms and solutions implemented in the IRIS Toolbox over the last decade. The workshop will consist of six hands-on computer sessions, each focused on a different theme:

  • Brief introduction to IRIS.

  • Efficient triangular solution to rational-expectations (RE) models and why it matters.

  • Forward expansion of RE models. Unanticipated and anticipated shocks. Unanticipated and anticipated conditioning.

  • Models with unit roots and why we donít need to stationarise them.

  • Kalman filtering with unit roots and out-of-likelihood parameters.

  • Asymptotic Fisher information and parameter identification. Bayesian estimation with an adaptive posterior simulator.

Participants will need to bring their own laptops with Matlab R2010a (or later) installed on them. No prior experience with IRIS is required or expected.

 

 

1/2 Day: Tuesday, June 26 -- 2:00 p.m. to 5:30 p.m.

Structural Estimation of Dynamic Stochastic Optimizing Intertemporal Choice Microeconomic Models for Dummies

 

Presented by: Christopher Carroll, PhD, Professor of Economics, The Johns Hopkins University and NBER Co-Chair of the Working Group on the Aggregate Implications of Microeconomic Consumption Behavior

 

This lecture will present a complete introduction to some modern tools for estimating intertemporal optimizing models of consumption and saving over the life cycle, with an emphasis on insights and techniques that have general applicability to many similar models that are becoming increasingly popular in the "structural estimation" literature.  The lecture will highlight the pitfalls to be avoided and opportunities to be seized for solving and simulating these kinds of models quickly and efficiently.  The emphasis is not on presenting the bleeding edge ideas or summarizing the latest methods or speculative new approaches, so gurus in the field may not benefit so much as novices ("dummies").  The focus will be on methods that can be easily implemented on a laptop.  These lecture notes form the basis for the talk:  NOTES

 

Josefov - Prague Ghetto


© 2012 Society for Computational Economics & Simple Meetings

Last updated: June 17, 2012