CIMS Summer Course on DSGE Modelling

When?

Monday 10 September 2012 to Thursday 13 September 2012

Where?

Faculty of Business Economics and Law University of Surrey, Guildford, GU 2 7XH

Open to:

Public, Staff

Admission price:

See details below

The Centre for International Macroeconomic Studies (CIMS) in the School of Economics will hold a 4-day Summer course, September 10-13 September, 2012 on the construction and estimation of Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models, and their use for policy analysis. This is a hands-on course all based on available facilities in the software platform Dynare.

The course will be delivered in two parts. Part I on days 1 and 2 will concentrate on the basic construction of DSGE models and the estimation of the linearized New Keynesian Model in a Dynare environment. It is designed for those without any experience of setting up DSGE models in Dynare.  Part II, on days 3 and 4 will focus on intermediate and advanced topics. Participants who have attended previous courses given by CIMS, or are experienced DSGE modellers and users of Dynare, would be able enrol for only Part II.

The fees for academics are: £300 for each Part I and II (£600 for the four days); for participants from central banks, ministries or the private sector the fees are £600 for each Part (£1200 for the four days). Lunch, coffee, course notes and model software is included in this cost. Accommodation costs are not included in this price. The mornings will be devoted to lectures and the afternoons to laboratory sessions. For personal use after the course Dynare can be loaded free, but Matlab must be purchased.

The Course will be followed by a two-day Conference “Monetary and Fiscal Policy Rules with Labour Market and Financial Frictions” where many of the new Dynare facilities that feature in Part II of the course will be on view. One of the keynote speakers will be the founder of Dynare, Michel Juillard who will present on the morning of Saturday 15 September. Our second keynote speaker, Tommaso Monacelli will end the first day. There is no fee for the Conference, but participants must pay for accommodation costs and for the Conference dinner on the Friday.