Dynamic Stochastic General Equilibrium (DSGE) Modeling Step-By-Step
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.
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.
Fees:
The fee for the course is US$3,425. This includes course materials, lectures, computer labs, morning and afternoon coffee breaks, receptions.
University students and staff get a discount of 25 percent of the above mentioned amount. Please send (by email: office@ecomod.net ) a copy of your student or staff card.
Early registration discount:
A discount of $500 is offered on the regular fee, and $400 on the university fee for registrations and payments completed six weeks before the start of the course.
Institutional group rates are available for two or more persons attending during the same course period. Please inquire.
Scholarships:
EcoMod offers a limited number of partial scholarships to candidates from developing countries and transition economies. To submit your application, please click here. The deadline to apply for a scholarship is two months before the beginning of the course.