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Centre for Central Banking Studies (CCBS), Bank of England

April 11-15, 2011
General equilibrium models for monetary policy - Centre for Central Banking Studies
London, United Kingdom
Formal models of the economy are important for central banks. They help ensure a consistent view of the transmission mechanism of monetary policy and facilitate the identification of shocks that affect the economy. They also form a coherent framework for forecasting and provide a benchmark to analyse future developments. Recent theoretical and modelling advances have resulted in a single widely accepted general equilibrium paradigm emerging as the basis for much policy analysis. This event aims to help participants build and operate a general equilibrium model useful for the analysis of their own economy. Participants will take part in calibration exercises, learn methods needed to solve and analyse models, and be introduced to policy analysis using monetary policy rules. [gem?_?? den Informationen des Anbieters - according to site editor's information] The website is no longer available. [Redaktion EconBiz - editors EconBiz]
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