What is MACFINROBODS

MACFINROBODS is the acronym for:

“Integrated Macro-Financial Modelling
for Robust Policy Design

In this project 11 European Universities collaborate with the European Commission’s Joint Research Centre in a consortium of experienced researchers in the field of macro- and financial economics, supported by an advisory board of influential academics of the highest worldwide reputation and policy makers at central banks and finance ministries.

The three-year project (2014-2017) is funded by the European Commission and brings together different lines of research to systematically develop new behavioural and institutional model building blocks, to integrate such features in policy-focused models and to make use of these models in a new framework for policy evaluation.

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Vision

During the global financial crisis and ensuing Great Recession, economists at policy-making institutions had little choice but to augment macroeconomic models with ad-hoc assumptions and adjustments in order to provide analysis and advice for policy makers. The MACFINROBODS consortium aims to move policy-focused macroeconomic modelling beyond this approach.

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Project Coordination

Project Coordinator: Cars Hommes (UvA)
Project manager: Karin Breen (UvA)

Questions?

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News

Third MACFINROBODS Workshop on 17 and 18 November 2016

2016-03-15

Dates for third Workshop have been set, event will take place in Como, ITALY

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Events

do17nov

Third Consortium Scientific Workshop

ITALY - Lake Como

17 and 18 November 2016

The third Workshop will be jointly organized by the Italian nodes: Universita Degli Studi di Pavia (Guido Ascari), Universita Catholica del sacro Cuore (Domenico Delli Gatti) and Joint Research Centre (Marco Ratto) on 17 and 18 November 2016 in Como,  Italy
Workshop venue:
Villa del Grumello
Via per Cernobbio, 1122100 Como, Italy
More detailed information will follow in due course.

 


ma20jun

Second Annual Dissemination Conference

National Bank of Belgium - Brussels

20-21 June 2016

The second Annual Dissemination Conference will be jointly organized by the National Bank of Belgium (NBB/BNB), Université Libre de Bruxelles (ULB) and Catholic University Leuven (KUL) on 20 and 21 June 2016. 

Keynote speakers:
Wouter den Haan LSE)
Stephanie Schmitt-Grohé (Columbia University)
Chris Sims (Princeton University)
Martin Uribe (Colombia University)

A pdf file of the final program here


wo18mei

Course - Identification analysis and global sensitivity analysis for Macroeconomic Models

Università Cattolica del Sacro Cuore - Milan

18-20 May 2016

The course is organised by Marco Ratto, Joint Research Centre (JRC) of the European Commission and Domenico delli Gatti, Università Cattolica del Sacro Cuore (Milano).

It will be animated by: Marco Ratto, Stefan Hohberger, Ronal Muresano Caceres (JRC Unit G.01), Matthias Burgert (ECFIN Unit B.3).

External Speakers: Johannes Pfeifer (Univ. Mannheim), Michel Juillard (Banque de France), Junior Maih (Norges Bank).

 

The scope of the course is to give a general introduction to methods of identification and global sensitivity analysis, their DYNARE implementation (identification toolbox and global sensitivity analysis toolbox) and their application to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models.

For more information https://ec.europa.eu/jrc/en/event/training-course/dynare-course