V: Angewandte Wirtschaftsforschung 1: Übung: Empirical Monetary Macroeconomics

Dozent/in:

Juan Carlos Peña

Angaben:

Übung, 2 SWS

Termine:

Do, 18:00 - 20:00, RZ/00.06

Voraussetzungen / Organisatorisches:

Courses will be held in person as long as it is possible given the university’s guidelines, the same holds for the tutorials if the room capacities allow it.

Inhalt:

This course focuses on key topics on monetary macroeconomics from an empirical perspective. After a brief review of univariate time series analysis, alternative time series decomposition methods such as the Hodrick-Prescott Filter are discussed. Then, the modeling of the interaction between monetary policy actions and key financial and monetary aggregates through so-called vector-autoregression (VAR) and vector-error-correction (VECM) models will be discussed in detail. Issues like real-time data and forecasting will also be dealt with in the final part of the lecture.