Models for Macroprudential Policy

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4-day course on designing models for assessing financial instability risks.

 

This course is designed for people working on issues related to financial stability and macroprudential policies. The participants will be presented to models developed for supporting financial-stability frameworks. We will discuss the latest achievements in the field and provide practical advice on developing models for assessing risks to financial instability. 

Don't worry! We will find a suitable time of the day for you. Participants will be divided into groups by their time zones.


Day 1. Financial stability frameworks.

Day 2. Macroprudential policy. Estimation of the financial cycle.

Day 3. Financial crisis in DSGE models.

Day 4. Stress tester: building scenarios to assess financial instability risks.

 

Prerequisites:

  • ​Have at least intermediate knowledge in finance and macroeconomics.

  • MATLAB 2020a or later versions. 

  • Being an intermediate user of Dynare/Matlab would be an asset but no previous knowledge of it is required as there will be a special mini-course for beginners.

Requirements:

  • DYNARE 4.63 or higher.

  • MATLAB 2020a or higher.

  • Being an intermediate user of IRIS/Matlab would be an asset but no previous knowledge of it is required as there will be a special mini-course for beginners.

  • MiKTeX.

The outcomes from the course:

​​

  • Certificate of completion.

  • Further assistance (subject to discussion).

 

Participants interested in learning more about the details of this course should email us at 

douglaslaxton@thebetterpolicyproject.org  to request access to a series of video presentations.

Reading Material:

 

Turning Interest Into Action

After the global financial crisis interest in financial stability issues and macroprudential tools increased substantially. One of the main research areas of The Better Policy Project is creating financial stability frameworks and sharing them with central banks all over the world.

 
 
 
Price for 1 Participant

High-Income Countries -- €1000

Middle-Income Countries -- €500

Low-Income Countries -- €250

Countries are classified by income using new "World Bank country classifications by income level: 2020-2021." Find the World Bank tables here.