The course presents the methods relevant for applied macroeconometric work at central banks and other institutions: short-term forecasting, nowcasting, estimation of the impact of policy shocks, and modeling of spillovers. Special attention is devoted to the identification of causal relationships, time variation, and to various forms of uncertainty inherent to forecasting. All methods will be demonstrated in R.
- Teacher: Jaromír Baxa
- Teacher: Lukáš Vácha