Dynamic Stochastic General Equilibrium (DSGE) Modeling Step-By-Step
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.
Registration Fee Information: EcoMod Course Fees
Registration: EcoMod School Registration 2025