Modeling with Impact

Dynamic Stochastic General Equilibrium (DSGE) Modeling Using the GIMF Model for Policy Analysis

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This one-week course uses the IMF’s Global Integrated Monetary and Fiscal (GIMF) model.  It is a modelling tool that is used to explore both monetary and fiscal policy issues in a multi-country setting, using the latest theory and techniques in Dynamic Stochastic General Equilibrium (DSGE) modelling.

Participants will have the opportunity to explore the effects of a large variety of fiscal and monetary policies and policy instruments in national and global contexts.

Course objective: 

Participants will
1) learn the economic theory underlying the GIMF model;
2) learn the basics of TROLL and FAME, the software platform used with GIMF;
3) work with 2- and 3-region versions of the GIMF model, so that they can calibrate it, and formulate and conduct policy experiments;
4) receive guidance on how to apply the GIMF model to their particular fiscal and monetary policy questions.

 

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