Bank of Lithuania and its Center for Excellence in Finance and Economic Research (CEFER) are pleased to announce the 1st Invited Lecture Series given by Professor Klaus Adam of the University of Oxford. The lecture's topic is "Learning and Expectations Formation in Macroeconomics and Finance". The lecture is intended for researchers at central banks and research institutions and PhD students at an advanced level who are interested in monetary policy topics. The lecture will be followed by a workshop where some of the attendees will get the opportunity to present their working paper.
Lectures will cover following several broad topics:
Deviating from the rational expectations hypothesis: why and how?
Introduction to the mathematical toolkit for analyzing learning dynamics
Learning in the real business cycle model
Learning and stock price volatility
Stock price volatility and real business cycles