| Course “Learning and Expectations Formacion PLACE AND DATE:
Brasilia, Brazil from June 13rd to 17th 2009, under the sponsorship of Banco Central do Brasil. OBJECTIVE:
This course reviews the implications of relaxing the rational expectations assumption in dynamic models, focusing on applications to monetary models and asset pricing models; studies the implications of replacing the rational expectations hypothesis by the view that agents are learning and constantly trying to improve their forecasts; and reviews the basic theoretical results of the learning literature and emphasizes applications where learning models have been used to explain empirical phenomena and to inform the design of macroeconomic policies. PARTICIPANTS:
CEMLA’s Member Central Banks. LANGUAGE:
English. DEADLINE FOR REGISTRATION:
The names of the participants should be submitted to both CEMLA and Banco Central de Brazil by June 22nd, 2009, by the registration form. COORDINATORS AT BANCO CENTRAL DE BRASIL:
Eduardo Rogerio Melo da Silva (gustavo.bussinger@bcb.gov.br) and Jose Pompilio Gonzaga Junior (jose.pompilio@bcb.gov.br).
COORDINATOR AT CEMLA:
Mr. Fernando Sánchez-Cuadros. Manager, Central Bank Technical Programs and Meetings.
Telephone: +52 (55) 5061 6670. Fax +52 (55) 5061 6678
E-mail: sanchez@cemla.org; cc. lopez@cemla.org.
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