Bayesian VAR Workshop" with the participation of Christopher A. Sims, 2011 Nobel Prize Laureate in Economics


June 22, 2016

CORE Nobel Talk on "The Precarious Fiscal Foundations of EMU: A Reassessment after 17 Years"

The title refers to C. Sims (1999) "The Precarious Fiscal Foundations of EMU", De Economist 147, 415-436)

CORE (Center for Operations Research & Econometrics) organized a CORE-Wide seminar with Prof. Christopher SIMS (Princeton University).
The seminar was held on June 22, 2016, 11:00 a.m. at UCL. followed by a reception at 12:00 and a workshop at 2:00 p.m.

Prof. Christopher Sims

Christopher Sims was born in Washington, D.C., the son of Ruth Bodman (Leiserson), a Democratic politician, and Albert Sims, a state department worker. His father was of English and Northern Irish descent, and his mother was of half Estonian Jewish and half English ancestry. He earned his A.B. in mathematics from Harvard University magna cum laude in 1963 and his PhD in Economics from Harvard in 1968 under supervision of Hendrik S. Houthakker. He has held teaching positions at Harvard, Yale University and, since 1999, Princeton. He spent the longest portion of his career at the University of Minnesota, teaching there from 1970 to 1990. Sims is a Fellow of the Econometric Society (since 1974), a member of the American Academy of Arts and Sciences (since 1988) and a member of the National Academy of Sciences (since 1989). In 1995 he was president of the Econometric Society; in 2012, he was president of the American Economic Association. And currently lives in Sugar Land, TX.

Sims has published numerous important papers in his areas of research: econometrics and macroeconomic theory and policy. Among other things, he was one of the main promoters of the use of vector autoregression in empirical macroeconomics. He has also advocated Bayesian statistics, arguing for its power in formulating and evaluating economic policies. Sims has been an outspoken opponent of the rational expectations revolution in macroeconomics, arguing that it should be thought of as a "cautionary footnote" to econometric policy analysis, rather than "a deep objection to its foundations." He has been similarly skeptical of the value of real business cycle models. He also helped develop the fiscal theory of the price level and the theory of rational inattention.


Please note that registration is free but mandatory. To register, simply fill out the form.



2:00-6:00 p.m. WORKSHOP

2:00-3:00 p.m.    Dimitris KOROBILIS, University of Glasgow
                          Bayesian Compressed Vector Autoregressions
3:00-4:00 p.m.    Roberto CASARIN, University of Venice
                          Modeling Contagion and Systemic Risk
4:00-4:30 p.m.    Coffee break
4:30-5:30  p.m.   Christopher A. SIMS, Princeton University
                          Can credit growth be a problem?: An application of panel data VARs
Room b-135
34 voie du Roman Pays
1348 Louvain-la-Neuve (Belgium)

Pls fill in registrations form  if you plan to attend the workshop.
For more  information, pls contact

Additional Information

Prof. Christopher SIMS will give a keynote speech at The second Annual Dissemination Conference of MACFINROBODS (Integrated Maro-Financial Modelling for Robust Molicy Design) held on June 20-21 at the National Bank of Belgium, Rue Montagne aux Herbes Potagères 61, 1000 Brussels. Belgium.

In order to participate to this event and/or meet the speaker, please send an email to: 

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