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Euro Area Business Cycle Network (EABCN); Bank of England

Dates:
March 20-21, 2014
Description:
EABCN Conference on Judgement and combination in forecasting and policy models - Euro Area Business Cycle Network
Location:
London, United Kingdom
Subject:
Judgement and expert knowledge is widely thought to be important in the successful practice of forecasting. For policymakers, forecasts also embody judgements about the state of the economy, the transmission of shocks and optimal policy responses which necessitate the use of structural models. DSGE models estimated by Bayesian methods have become popular, partly because the models have become popular, partly because the models have well defined structural interpretations and because the Bayesian framework allows judgements about model properties to be embodied in priors. There is, however, uncertainty about both model parameters and the correct model. This conference aims to bring together policymakers and academics interested in these issues. Topics: - Forecasting and Policy Making - Forecasters?? Objectives and Strategies - Using forecasts from expert forecasters - Conditional forecast densities - Forecast performance before, during and after the crisis - Priors and identification in Bayesian models for forecasting and policymaking [gem?_?? den Informationen des Anbieters - according to site editor's information]
Notes:
JEL Code:
E
Sponsor:
URL:
http://www.eabcn.org/sites/all/files/fck_uploads/call_for_papers_eabcn-boe.pdf

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