{"id":6160,"date":"2019-10-03T16:31:52","date_gmt":"2019-10-03T07:31:52","guid":{"rendered":"https:\/\/www.waseda.jp\/inst\/sgu\/?p=6160"},"modified":"2019-10-07T09:45:56","modified_gmt":"2019-10-07T00:45:56","slug":"special-workshop-on-macroeconomic-modeling-of-regime-switches","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/inst\/sgu\/news-en\/2019\/10\/03\/6160\/","title":{"rendered":"Special Workshop on \u201cMacroeconomic Modeling of Regime Switches\u201d"},"content":{"rendered":"<p>From July 29 to August 2, a special workshop titled \u201cMacroeconomic Modeling of Regime Switches\u201d, presented by Professor. Junior Maih (Norges Bank), was organized by the Center for positive\/Empirical Analysis of Political Economy at Waseda University. Professor. Maih is a specialist of numerical analysis,simulation and estimation of Dynamic Stochastic General Equilibrium (DSGE) model in the field of macroeconomics. Specifically, Professor. Maih is well known for his contribution to the computational solution method of the regime switching DSGE model.The world is not constant but switching. It is important to consider the above dimension when we evaluate policy impact. For instance, how would the zero-interest rate policy or quantitative easing which largely deviate from the traditional monetary policy impact expectation , and hence, the dynamics of macroeconomic variables? To answer this type of question, the establishment of a solution method for the regime-switching, macroeconomic model has been wanted for a long time.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 50%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-6160 gallery-columns-2 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.waseda.jp\/inst\/sgu\/news-through-2023\/2019\/09\/13\/6000\/attachment\/dsc03240-jpg%e3%80%80%e3%81%be%e3%81%84%e3%81%95%e3%82%93\/'><img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"270\" src=\"https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/cc0c4eb657c0fa2af649ecfa28698b18-360x270.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/cc0c4eb657c0fa2af649ecfa28698b18-360x270.jpg 360w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/cc0c4eb657c0fa2af649ecfa28698b18-720x540.jpg 720w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><\/a>\n\t\t\t<\/dt><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.waseda.jp\/inst\/sgu\/news-through-2023\/2019\/09\/13\/6000\/attachment\/dsc03244-jpg%e4%bf%ae%e6%ad%a3%e6%b8%88-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"270\" src=\"https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-360x270.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" srcset=\"https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-360x270.jpg 360w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-610x457.jpg 610w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-768x576.jpg 768w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-940x705.jpg 940w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1-720x540.jpg 720w, https:\/\/www.waseda.jp\/inst\/sgu\/assets\/uploads\/2019\/09\/485d21d7bf32cdb2aa497b2f0057256a-1.jpg 971w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><\/a>\n\t\t\t<\/dt><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>Professor Maih delivered a workshop about the stakes of regime switching and a basic exposure to the main techniques involved in solving and analyzing regime switching DSGE models. Professor Maih\u2019s method is widely demanded by several central banks and universities in the world. Not only Waseda students, but young professors and researchers were also present and listened Professor Maih\u2019s enthusiastic talk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From July 29 to August 2, a special workshop titled \u201cMacroeconomic Modeling of Regime Switches\u201d, presented by  [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[99,111],"class_list":["post-6160","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\/6160","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=6160"}],"version-history":[{"count":2,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts\/6160\/revisions"}],"predecessor-version":[{"id":6178,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/posts\/6160\/revisions\/6178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/media\/6013"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/media?parent=6160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/categories?post=6160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/inst\/sgu\/wp-json\/wp\/v2\/tags?post=6160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}