Short Course on Bayesian methods for empirical macroeconomics
Prior to the Bayesian Macroeconometric Workshop, Gary Koop will run a short-course on Bayesian methods for empirical macroeconomics.
Bayesian methods are increasingly used in econometrics, particularly in the field of macroeconomics. This is a course in Bayesian econometrics with a focus on the models used in empirical macroeconomics. It begins with a brief introduction to Bayesian econometrics, describing the main concepts underlying Bayesian theory and seeing how Bayesian methods work in the familiar context of the regression model. In light of the Big Data revolution, applied economists often face the situation where the number of variables under consideration is large relative to the number of observations and conventional econometric methods do not work well. We describe various methods that can be used with Big Data in the context of the regression model and emphasize the wider applicability of these methods in other modelling contexts. Subsequently, the course shows how Bayesian methods are used with models which are currently popular in macroeconomics such as Vector Autoregressions (VARs) and state space models.
This is a full day event.
To enquire about registration, please email bmw2025@uq.edu.au
About Bayesian Macroeconometric Modelling Workshop
The Bayesian Macroeconometric Workshop will be held on 31 August to 1 September, 2025 and will be hosted by the School of Economics at The University of Queensland.The aim of this workshop is to produce a research volume in Advances in Econometrics on the theory and practice of Bayesian applied and theoretical macroeconometrics.The workshop is a place for researchers to present cutting edge research in Bayesian macroeconometric methods.
Sponsors
Industry and academics: $400