Advanced Training School
Causal Inference
Instructors
Dates
1-5 December 2025
Hours
Monday to Friday from 17:00 to 19:00. Practical Sessions on Tuesday and Thursday from 19:30 to 20:30
Language
Spanish
Intended for
Professionals working, mainly, in the finance sector who want to learn current techniques for determining causal relationships between variables, beyond simple correlation.
Prerequisites
Basic knowledge of probability and statistics is required. The course can be followed easily by those who have an undergratuate degree in economics, statistics, or related fields.
Overview
The course provides a comprehensive approach to causal inference, starting by explaining the problems faced by researchers and then breaking down the various techniques that have been proposed to solve them. The purpose of the course is to provide professionals with an overview of current techniques for evaluating the effect of an intervention on a certain economic outcome so they can identify which one is most suitable for addressing the specific problem they are facing. Given the extensive nature of the topics covered, it will not be possible to treat each result in great detail; however, relevant references will be provided for those who wish to delve deeper into each topic.
Practical Classes
The practical sessions will illustrate the topics with examples for better understanding. The Statistical software package STATA will be used as an econometric tool to apply the techniques shown.
Topics
- Instrumental Variables
- Dynamic Models of Panel Data
- Policy Evaluation
- Randomized Experiments and Natural Experiments
- Matching Techniques
- Sintetic Control Methods
- Event Studies
- Diferences in Differences
- Regression Discontinuity
Gabriel Jiménez is Senior Researcher at the Bank of Spain, where he has worked for 24 years in the departments of Financial Stability and Regulation. During his career, he has been responsible for several units and currently holds the position of advisor. His research focuses on studying bank credit supply, how it is affected by regulatory changes or policy, and its impact on the real economy. His works have been published in international high-level journals such as Econometrica, Journal of Political Economy, American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, or Journal of Public Economics, among others.