{"id":11882,"date":"2021-12-24T11:23:07","date_gmt":"2021-12-24T02:23:07","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/sgu\/?p=11882"},"modified":"2022-01-07T09:36:55","modified_gmt":"2022-01-07T00:36:55","slug":"report-special-workshop-on-macroeconomic-modeling-and-simulation","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/sgu\/news-en\/2021\/12\/24\/11882\/","title":{"rendered":"Report: Special workshop on Macroeconomic Modeling and Simulation"},"content":{"rendered":"
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Prof. Junior Maih<\/p><\/div>\n

From October 18 to December 22, 2021, a special workshop on Macroeconomic Modeling and Simulation by Professor Junior Maih (Norges Bank)\u00a0was organized and held by the Center for Positive\/Empirical Analysis of Political Economy.<\/p>\n

Prof. Maih\u2019s method is widely in demand by several central banks and universities around the world. Professor Maih gave a passionate workshop about the main techniques involved in solving and analyzing constant-parameter DSGE models and regime switching DSGE models.<\/p>\n

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Simulation of optimal monetary policy and other monetary policies<\/p><\/div>\n

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Estimating parameters for monetary policy<\/p><\/div>\n

Though this year’s workshop\u00a0was held virtually as was the last time, holding the workshop remotely means a larger number of participants from not only parts of Japan (Kobe and Kyoto) but also every corner of the world (South Africa, Canada and the United States) could participate. Students, professors and researchers listened to Professor Maih\u00a0enthusiastically and\u00a0had lively discussions throughout the series of workshops.<\/p>\n

 <\/p>\n

Student’s comments:<\/h3>\n

WONGKAEW, Kongphop<\/strong>
\nM2,\u00a0Graduate School of Economics<\/strong>
\nThe Macroeconomic Modeling and Simulation workshop offered a series of comprehensive lessons about the regime-switching DSGE model (RS-DSGE). RS-DSGE is a pioneered modelling strategy that provides an insightful perspective of critical macroeconomic issues such as monetary policy implementation at the zero lower bound. The workshop offered a perfect bridge between real-world macroeconomic problems, theoretical underpinnings, and quantitative methodologies. Professor Maih guided me intuitively to explore both theoretical and practical aspects of RS-DSGE, covering both the solution and estimation strategies. The workshop also gave practical insights and techniques that I can put into practice. Thank you for the valuable experience.<\/p>\n

MURAKAMI, Yuki<\/strong>
\nM1,\u00a0Graduate School of Economics<\/strong>
\nIn the workshop we learned various techniques necessary to conduct research with the DSGE models. What made this workshop outstanding was that the lectures focused on solving and estimating the regime switching DSGE models as well as usual constant parameter DSGE models. Technical problems such as solving and estimating regime switching models are attracting the interest of macroeconomists around the world and Professor Maih is a leading scholar in this field. We learned how to tackle these problems using RISE toolbox developed by Professor Maih which helps economists to work on regime-switching models in an appropriate manner. This workshop was a meaningful opportunity to learn from a great economist and interact with participants from around the world.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

From October 18 to December 22, 2021, a special workshop on Macroeconomic Modeling and Simulation by Professor […]<\/p>\n","protected":false},"author":3,"featured_media":12012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[99,111],"class_list":["post-11882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-en-eape","tag-report-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts\/11882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/comments?post=11882"}],"version-history":[{"count":3,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts\/11882\/revisions"}],"predecessor-version":[{"id":12023,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts\/11882\/revisions\/12023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/media\/12012"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/media?parent=11882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/categories?post=11882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/tags?post=11882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}