Macroeconometrics

Lectures (24 h) 17.09. - 16.10.2009 on Thursdays and on Fridays 10-12, Place: Economicum, seminar room 1.

N.B. The first lecture is on Thursday 17.9.2009; lectures on 10th and 11th September are cancelled.!

Content

The goal of the course is to provide an introduction to the methods of modern applied macroeconometrics. The different approaches currently used in applied work are reviewed, including the basics of the empirical dynamic stochastic general equilibrium models, but the main emphasis is on the analysis of vector autoregressive models. In particular, the identification of economic shocks by various methods and the use of the vector autoregressive framework in policy analysis are discussed. The prerequisite is sufficient knowledge of multivariate time series analysis (for example, the course in multivariate time series analysis offered by the Department of Mathematics and Statistics, or equivalent).

Completion

Final exam, 23.10.2009 at 8 - 10, PI (Porthania)

Second exam, 23.11.2009 at 8 - 10, PII (Porthania)