MFS Summer School 2023 Day 1: Large Language Models in Economics
Jesus Fernandez-Villaverde (University of Pennsylvania): "Large Language Models in Economics”
Presentation slides:
https://macfinancesociety.files.wordp...
Jesus Fernandez-Villaverde is a Professor of Economics at the Department of Economics at University of Pennsylvania. His research agenda is in macroeconomics and econometrics, with a focus on the computation and estimation of dynamic stochastic general equilibrium (DSGE) models; the standard tool of modern quantitative macroeconomics. In particular, Professor Fernandez-Villaverde’s research has focused on how to evaluate the likelihood on non-linear and/or non-normal DSGE models and in exploring situations where those features are important to account for the data. His two most recent papers are examples of this line: an evaluation of the effects of fiscal uncertainty on economic activity, a study of asset pricing implications of DSGE models with Epstein-Zin preferences, and an investigation of the consequences of stochastic volatility for small open economies.
Full program of the MFS Summer School:
https://macrofinancesociety.org/mfs-v...
The mission of the Macro Finance Society (https://macrofinancesociety.org/) is to advance and disseminate high-quality research in Macro Finance, which is a broad area at the intersection of financial economics and macroeconomics. The research conducted at The Society emphasizes microeconomic foundations via (dynamic) structural modeling, while being grounded in the data. Members of The Society consist of both financial economists and macroeconomists, who share the common goal of advancing and disseminating high-quality research in Macro Finance.
Macro-finance addresses the link between asset prices and economic fluctuations. Macroeconomics (from the Greek prefix makro- meaning "large" + economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. Macroeconomists study topics such as GDP, unemployment rates, national income, price indices, output, consumption, unemployment, inflation, saving, investment, energy, international trade, and international finance. Asset prices are the prices for which financial instruments, such as stocks, bonds, currencies, etc., are bought and sold.
Macro Finance Society web-site: https://macrofinancesociety.org/
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