Dynamic Stochastic General Equilibrium (DSGE) Modelling for Emerging Open Economies
Attendance dates:To be confirmed
Time commitment: 4 days
Stag Hill campus, University of Surrey, Guildford, Surrey GU2 7XH
- Centre for International Macroeconomic Studies
This course provides instructions on the construction and estimation of DSGE models for emerging open economies and their use for policy analysis. It is Dynare-based and is aimed at PhD students, postgraduate students aiming to proceed to a PhD, early researchers and research staff from central banks, ministries and the private sector. Participants should have some prior experience with macroeconomic models.
This course will assume a basic knowledge of Matlab programming. It will start with a brief summary of the basics of Dynare programming. Then it will proceed to the construction, simulation and estimation of a small open economy DSGE model with emerging economy features. The course will finish by showing how the estimated model can be used for policy analysis using monetary, fiscal and foreign exchange intervention instruments. The course material will cover the underlying theory and the practicalities of using Dynare.
The practical sessions will take place in computer labs. We provide computers to all participants with Matlab and Dynare installed and set up. For those wishing to use their own computers outside the sessions, it should be noted that Dynare is free software, but Matlab requires a license to be purchased.
Applicants must have:
- A background in macroeconomics with some knowledge of macro-modelling and dynamic optimisation.
- A basic knowledge of Matlab programming (see an overview of the Matlab features our participants are expected to know).
- A working knowledge of English.
Fees and funding
Price per person:
What these fees include
Lunch, coffee, a course dinner on day two, course notes and model software are included.
We aren't able to provide accommodation as part of this course, however the University has a limited number of rooms for visitors. Alternatively, there are hotels in the Guildford area to suit a variety of budgets including:
Please see the Visit Surrey website for other options.
The following concessions are available:
- 10% discount for participants who have attended a previous course with the Centre for International Macroeconomic Studies.
- 20% discount for participants from institutions in developing countries.
Terms and conditions
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