Workshop "30 years of Cointegration and its future with Big Data"

Descripción

Workshop

30 years of Cointegration and its future with Big Data

Monday, February 11th

The objective of this FUNCAS workshop is to analyze the future applications and developments of the concept of cointegration in the new Big Data environment. The importance of this concept was recognized with the 2003 Nobel Prize in Economics, awarded to Engle and Granger. Thirty years after the introduction of this idea in the Economic literature it is a right time to think about the effect of the new opportunities provided for the disaggregated and massive data available with the Big Data revolution in the future development of this concept in Business and Economics. In the workshop will participate two leading figures in the development of cointegration: David F. Hendry, from Oxford University, and Soren Johansen, from the University of Copenhagen, and others well-known experts in the field of Co

Programa

Monday, February 11th

8:30-9:00

Inscription

9:00-9:15

Presentation of the Workshop

9:15-9:45

The future of nonlinear cointegration and nonlinear error correction with big data and automatic modelling: A personal viewpoint
Álvaro Escribano

9:45-10:15

30 years of Cointegration, 30 years of Big Data: A Personal Point of View
Jesús Gonzalo

10:15-10:45

The Decline of Cointegration: Fact or Fiction
Juan J. Dolado

10:45-11:00

Open discussion

11:00-11:30

Coffee Break

11:30-12:15

Models or Methods in Cointegration
Soren Johansen

12:15-13:00

Modelling Non-stationary `Big Data’
David Hendry

13:00-14:00

Round Table

Antoni Espasa, David Hendry, Soren Johansen and Esther Ruiz

Moderator
Daniel Peña

Note: Acknowledgement. FUNCAS acknowledges the support of the Institutes of Big Data and Flores de Lemus of the University Carlos III de Madrid in the organization of the Workshop

The presentations will be in English without translation service
La conferencia será en inglés sin servicio de traducción simultánea