Modeling with Impact
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Course dates:

Prague
June 26, 2023 - June 30, 2023
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Dynamic Stochastic General Equilibrium (DSGE) Modeling Step-By-Step

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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.

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.

Fees:

The training is fully practical and provides 'hands-on' experience through intensive use of exercises on the computer. The fee for each course is US$4,560.00. This includes course materials, lectures, morning and afternoon coffee breaks, receptions. University students and staff get a discount of 25% off the regular fee (US$3,420.00). Please send a copy of your student or staff card by email to office@ecomod.net

A discount of US$500.00 is offered on the regular fee, and US$400.00 on the university fee for registrations and payments completed by May 12, 2023

If you will be needing a visa to attend the school in Prague please complete your registration and invitation letter request as soon as possible as the visa process can be lengthy.

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 for scholarships is May 1, 2023.

Institutional group rates are available for two or more persons attending during the same course period. Please enquire.

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