Structural Dynamic Macroeconomic Models in Asia-Pacific Economies

3 June 2008 | Denpasar, Indonesia

About this conference

Joint workshop by the Bank for International Settlements and the Bank Indonesia, Denpasar, 3 June 2008.

Agenda

Budi Mulya | Opening remarks

DSGE models for Monetary Policy: Promises and Pitfalls, Volker Wieland

Bayesian Estimation of DSGE Models: Lessons from Second-Order Approximations	Sungbae An
DSGE Modeling at the Bank of Thailand	Surach Tanboon
Balancing a Parsimonious and Complex Model in Emerging Market Economies: Case of Indonesia (General Equilibrium Model of Bank Indonesia - GEMBI)	Wijoyo Santoso
Discussion of "General equilibrium model of Bank Indonesia (GEMBI) 2007"	Feng Zhu

Producing Forecasts with DSGE Models: Issues and Solutions	Jaromir Benes
The MAS: a DSGE Model for Chile Implementation and Forecasting	Juan Pablo Medina, Rodrigo Caputo, Claudio Soto
The Use of DSGE Models for Monetary Policy Analysis at Sveriges Riksbank with a discussion of Optimal Policy Projections	Stefan Laséen
DSGE Forecasting and Uncertain Instabilities	Shaun Vahey

A Small Quarterly Multi-Country Projection Model	Douglas Laxton, Ioan Carabenciov, Igor Ermolaev, Charles Freedman, Michel Juillard, Ondra Kamenik, Dmitry Korshunov
Optimal Monetary Policy in a Liquidity Trap: Recent Theoretical Developments and Some Lessons from the Japanese Experience	Tsutomu Watanabe
Devaluations, Output and the Balance Sheet Effect	Camilo Tovar
BOKDSGE: A DSGE Model for the Korean Economy	Joong Shik Lee
Development and Application of the Bank of Japan's Version of the Global Economy Model (BoJ-GEM)	Nobuyuki Oda, Yasuo Hirose, Saori Naganuma

Wijoyo Santoso | Closing remarks