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  • Dynamic Stochastic General Equilibrium (DSGE) Modeling Step-By-Step
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Course dates:

January 22, 2024 - January 26, 2024
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Dynamic Stochastic General Equilibrium (DSGE) Modeling Step-By-Step

  • Overview
  • Content

Intensive course at the introductory level.

This course is tailored for professionals involved in economic forecasting and policy analysis in the central banks, ministries, research organizations, and international institutions.

The course will introduce all the basic tools for constructing and implementing dynamic stochastic general equilibrium (DSGE) models for policy analysis and forecasting. Read more details here

Register at:

  • EcoMod School Registration 2024

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Course objective: 

By the end of the course the participants will have acquired detailed knowledge of and hands-on experience in:

  • the use of MATLAB,
  • the use of DYNARE
  • the structure of DSGE models,
  • preparing the database for DSGE models,
  • estimating and calibrating DSGE models,
  • introducing stochastic shocks,
  • introducing imperfect competition,
  • introducing price and wage rigidities,
  • implementing the model using MATLAB and DYNARE,
  • numerical solution methods,
  • impulse response functions,
  • formulating scenarios and running policy simulations,
  • reporting and interpreting the results.
Methodology: 

The course uses a practical  and very intensive approach to model building. The participants will actually build the model EcoMod step-by-step with guidance from the instructors: from small to large scale and from simple to complex structure. The participants will acquire extensive practical hands-on experience in building a complex, large-scale model. This will allow them to easily implement the first version of their own model using MATLAB and DYNARE codes of EcoMod.

 

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