Identifying Dynamic Causal Effects in Macroeconomics
Master techniques to identify dynamic causal effects in macroeconomics, improving your skills in analyzing and interpreting complex economic events and policy outcomes.
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The course presents the latest empirical time series methods to identify and estimate causal effects of macroeconomic shocks. It covers models like Structural VARs, Dynamic Factor Models, and Factor-Augmented VARs, with a focus on monetary and fiscal policy shocks, as well as non-policy shocks such as technology, credit spread, and uncertainty shocks
Teaching Faculty
Discover what makes this course exceptional
The perfect blend of theoretical and practical sessions: apply what you've learned to your own research.
Develop critical thinking and problem-solving skills: address complex time series analysis challenges in diverse settings.
Learn cutting-edge methods: such as VAR models for analyzing complex time series data.
Gain practical skills in using software tools: including MATLAB for time series analysis, and enhance your technical proficiency.
Get guidance and feedback: BSE Faculty and peers are available to discuss research projects, enhancing your analytical and research capabilities.
Learn state-of-the-art shock identification techniques for macroeconomic and policy analysis
This course is specifically aimed at:
- Researchers who want to use the latest advances in macroeconometrics.
- Master’s and PhD students aiming to extend their knowledge in macroeconometrics and explore frontier research topics.
- Central bank practitioners and those in private and public institutions seeking to update knowledge and acquire the latest techniques.
Learn how to apply modern time series methods to your own research
The objectives of this course are twofold:
- Look at some of the most popular time series models designed to analyze the propagation mechanisms and study the causal effects of macroeconomic shock.
- Discuss and present some recent empirical applications, focusing on monetary and fiscal policy shocks as well as non-policy shocks such as technology shocks, news shocks and uncertainty shocks.
Program Syllabus for Identifying Dynamic Causal Effects in Macroeconomics
Below is a list of topics that will be covered in the upcoming edition of Identifying Dynamic Causal Effects in Macroeconomics
Representations of the macroeconomy
- The World representation.
- Orthogonal representations.
- Structural Vector Moving Average (SVMA) representation.
- Properties: Invertibility, fundamentalness and recoverability.
Identification under invertibility
- The identification problem.
- Identification schemes: recursive restrictions (long and short run), sign restrictions, narrative approach, external instruments.
- Structural Vector Autoregressive (SVAR) models.
- Structural Dynamic Factor Models (SDFM).
- Factor Augmented VAR (FAVAR) models.
- Applications: Monetary policy shocks, fiscal policy shocks, technology shocks.
Identification without invertibility
- Internal Instruments Approach.
- Local Projections-IV.
- Generalized External Instruments.
- Applications: Monetary policy shocks.
Identification in nonlinear models
- Smooth Transition SVARs.
- Nonlinear Structural Vector Moving Averages.
Why should you attend BSE Executive Education courses?
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Network with like-minded peers from around the world.
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Try something new and expand your knowledge and career prospects.
Admissions
Are you thinking of applying to BSE Identifying Dynamic Causal Effects in Macroeconomics Executive Education course? Check you meet the requirements below:
Requirements
- Candidates are assessed on an individual basis according to their professional or academic background.
Identifying Dynamic Causal Effects in Macroeconomics Requirements
- To participate in this Macroeconomics course, participants must have a solid background in univariate time series econometrics and some knowledge of multivariate linear time series models.
- Students must have their own laptop or desktop computer and good Internet connection to be able to follow and fully benefit from the course.
Get up to speed with the latest developments in this area in a short period of time.
Here is your course Schedule!
Times listed are Central European Time (CET). Compare with your time zone on time.is.
Week 1
Mon
Tue
Wed
Thu
Fri
Week 2
Mon
Tue
Wed
Thu
Fri
Course Materials and Software
Every participant will receive a time-limited personal free MATLAB license before the course starts. You’ll need to install it on your own computer for practical sessions.
Additional materials will be provided, and instructors will be available to discuss your research ideas and projects throughout the course.
Certificate
Participants will receive a Certificate of Attendance free of charge. Participants will not be graded or assessed during the course.
Fees
Fees for courses in other Executive Education programs may vary.
Multiple course discounts are available. Find out more information in our Fees and Discounts pdf.
* Reduced Fee applies for PhD or Master’s students, Alumni of BSE Master’s programs, and participants who are unemployed.
FAQ’s
Need more information?
Is accommodation included in the course fee?
Accommodation is not included in the course fee. Participants are responsible for finding accommodation.
Are the sessions recorded?
Sessions will be recorded and videos will be available for a month once the course has finished.
How much does each Executive Education course cost?
Fees for each course may vary. Please consult each course page for accurate information.
Are there any discounts available?
Yes, BSE offers a variety of discounts on its Executive Education courses. See more information about available discounts or request a personalized discount quote by email.
Can I take more than one course?
Yes! you can combine any of the Executive Education courses (schedule permitting). See the full calendar here.
Are there any evening activities during the course?
No.
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Economics. All rights reserved.
