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Continuing education in macroeconometrics workshop

In December 2016, we hosted a 2-day workshop to provide exposure to recent developments in macroeconomic research methods and obtain feedback on research-in-progress.

Past Event
Wednesday, 07 December 2016 to Thursday, 08 December 2016
9:00 am - 5:00 pm
Sofitel Hotel, Bolton Street, Wellington

Keynote speaker
James Hamilton (University of California, San Diego)

Master class presenters
Yu-Chin Chen (University of Washington)
Leo Krippner (Reserve Bank of New Zealand)
Tatsuyoshi Okimoto (Australian National University)

Programme for Wednesday 7 December

Keynote address

Session chair: James Morley (University of New South Wales)

Why you should never use the Hodrick-Prescott filter
Presented by: James Hamilton (University of California, San Diego)

Contributed session 1

Session chair: Michelle Lewis (Reserve Bank of New Zealand)

Sustainability of public sector debt: Measurement using event probability forecasts in OECD countries
Presented by: Kian Ong (University of Melbourne)

Understanding the contribution and transmission of international shocks in a small open economy
Presented by: Jamie Cross (Australian National University)

Contributed session 2

Session chair: Daan Steenkamp (Reserve Bank of New Zealand)

Estimated inflation expectations in Australia using multiple measures
Presented by: Thomas Cusbert (Reserve Bank of Australia)

Forecast errors and uncertainty shocks
Presented by: Pratiti Chatterjee (University of California, Irvine)

Master class 1

Session chair: Ozer Karagedikli (Reserve Bank of New Zealand)

Understanding exchange rates: Risk and expectations
Presented by: Yu Chin Chen (University of Washington)

Master class 2

Session chair: Benjamin Wong (Reserve Bank of New Zealand)

Analysis of monetary policy in Japan using smooth transition models
Presented by: Tatsuyoshi Okimoto (Australian National University)

Master class 3

Session chair: Arthur Grimes (Motu Economics and Victoria University of Wellington)

A yield curve and term structure modelling overview for macroeconomics
Presented by: Leo Krippner (Reserve Bank of New Zealand)

Contributed session 3

Session chair: Tugrul Vehbi (Reserve Bank of New Zealand)

Alternative HAC covariance matrix estimators with improved finite sample properties
Presented by: Luke Hartigan (University of New South Wales)

Which monetary shock matter in small open economies? Evidence from SVARs
Presented by: Inhwan So (Bank of Korea)

Panel discussion: Integrating cutting edge research into the policy environment

Moderator: John McDermott (Reserve Bank of New Zealand)
Discussant: Adam Cagliarini (Reserve Bank of Australia), Arthur Grimes (Motu Economics and Victoria University of Wellington) and James Yetman (Bank for International Settlements)