Introduction to DSGE model

Dynamic stochastic general equilibrium (DSGE) models are essential tools for assessing the macroeconomic impact of monetary and fiscal policy made by central banks and international institutions such as the IMF. They are currently used for macroeconomic forecasting.

Registration

This seminar is the first part of a two-session course on dynamic stochastic general equilibrium (DSGE) models. It will be organised and run by Michel Juillard, Banque de France advisor and developer of the DYNARE Project, as well as by other Banque de France economists, experts in modelling.

Contents

Mornings will be dedicated to presentations of the main concepts, afternoons to case studies based on the DYNARE platform. The seminar will comprise the following sessions:

  • Introduction to DYNARE
  • The neoclassical growth model
  • Neo-Keynesian extensions
  • Introduction to Bayesian econometrics
  • Case studies: a full-fledged example

Participants

This seminar is intended for central bank economists working in the field of macroeconomics and monetary policy. Participants will have prerequisites in economic modelling:

  • Academic training (PhD in economics, possibly Master only if relevant experience)
  • Actual experience for several years in economic modelling
  • Prior knowledge of Matlab or Octave software will be appreciated
  • A detailed CV is required

Language: English

Venue: Paris

Contact: Michel Juillard / Louis Bê Duc

Contact address: DSGE1@banque-france.fr

Visuel Introduction aux modèles DSGE

Updated on: 06/12/2018 13:58