DSGE models and forecasting

Welcome dinner

Registration

Opening

Diego Rodriguez Palenzuela, European Central Bank

Session 1Chair: Günter Coenen, European Central Bank

Presenter: Luca Gambetti, Universitat Autonoma de Barcelona

Discussant: Marek Jarociński, European Central Bank

Presenter: Domenico Giannone, Federal Reserve Bank of New York

Discussant: Carlo Favero, Bocconi University

Lunch

Speaker: Frank Schorfheide, University of Pennsylvania

Session 2Chair: Diego Rodriguez Palenzuela, European Central Bank

Marginalised predictive likelihood comparisons of linear Gaussian state-space models with applications to DSGE, DSGE-VAR and VAR models

Presenter: Anders Warne, European Central Bank

Discussant: Massimiliano Pisani, Banca d’Italia

Presenter: Edward Herbst, Federal Reserve Board

Discussant: Juan Rubio-Ramirez, Emory University

Coffee break

Session 3Chair: Matteo Ciccarelli, European Central Bank

Presenter: Juan Rubio-Ramirez, Emory University

Discussant: Michele Lenza, European Central Bank

Presenter: Ulrich Müller, Princeton University

Discussant: Marta Banbura, European Central Bank

Dinner

Session 4Chair: Hans-Joachim Klöckers, European Central Bank

Presenter: Jesper Linde, Riksbank

Discussant: Stefano Neri, Banca d’Italia

Filtering for multi-step prediction with DSGE models

Presenter: Marco Del Negro, Federal Reserve Bank of New York

Discussant: Pablo A. Guerron-Quintana, Federal Reserve Bank of Philadelphia

Coffee break

Panel discussion "The use of models in central bank forecasting"

Panellists:

• Frank Smets, European Central Bank (Chair)
• John M. Roberts, Federal Reserve board
  Panel Discussion on Uses of Models at Central Banks
• Sharon Kozicki, Bank of Canada
• Óscar Arce, Banco de Espana
  The use of DSGE models in Forecasing: The recent experience of Banco de España
• Marco Del Negro, Federal Reserve Bank of New York
  The Use of (DSGE) Models in Central Bank Forecasting: The FRBNY Experience

Closing remarks

End of the Workshop