Macro Models for Policy

Recommendations from Executive Summary:

1. Require ARTICULATION of reasons for decisions -- these are primitive models.
2. Ask policy makers to express need for data & models which could help decision making. These needs should be conveyed to PBS and to Academia
3. Academicians should work on producing simple models with short causal chains which are convincing to outsiders and easy to explain. Avoid fancy black box models
4. Encourage out-of-the-box thinking, which requires going beyond models.

View Complete Executive Summary or download from bottom of page.

Session 1: [Video Recording: YouTube 2 hrs. 10 min]

1. Opening Remarks by Dr. Asad Zaman regarding purpose of the conference
2. Dr. Michel Dombrecht on all three topics: Inflation, Output Gap, Export/Import Elasticities. Presentation, and three papers are attached below
3. Maria Qubtia thesis on Export Led Growth (supervisor Asad Zaman). Thesis in final stages; link will be provided below LATER after completion
4. Dr. Saud Ahmad Khan on the adverse impacts of depreciation. Paper being written up; link to paper will be provided later, after writeup.

Session 2: [Video Recording: YouTube 1 hr. 22 min}

1. Dr. Atiq ur Rahman on monetary policy and links between interests, inflation, and investments. Published paper on topic linked below.
2. Drs. Waseem Shahid Malik & Ahsanul Haq Satti on Output Gap -- Ph.D. Thesis linked below

Session 3: [Video Recording: YouTube 2 hrs 10 min]

1. Drs Nadeem Hanif & Jahanzeb Malik on Inflation Forecasting-published paper is linked below
2. Dr. Ali Choudhury on Forecasting & Policy Analysis System, a DSGE Model
3. Dr. Farooq Pasha: Incorporating Fisal Sector into FPAS= paper is linked below.
4. Concluding Remarks by Dr. Asad Zaman