Italy, Cagliari

Introduction to simulation and estimation of DSGE models

when 11 July 2016 - 14 July 2016
language English
duration 1 week
credits 3 ECTS
fee EUR 499

The course provides a hands-on introduction to construction, simulation and estimation of DSGE models using the free software Dynare. Dynare offers a user-friendly and intuitive way of describing these models. It is able to perform simulations of the model given a calibration of the model parameters and is also able to estimate these parameters given a dataset.

Course leader

Cristiano Cantore, University of Surrey

Target group

The course is an introductory course mainly aimed at researchers or practitioners in Central Banks, Academia or Investment Banks. No previous exposure to DSGE modelling and Dynare is required. Participants should have basic knowledge of macroeconomics and dynamic optimization at Master or 1st year-PhD level. Some prior knowledge of Matlab programming is not necessary but will constitute an advantage. Some prior knowledge of Matlab programming is not necessary but will constitute an advantage.

Course aim

The aim of this course is to provide an hands-on introduction to construction, simulation and estimation of DSGE models using the free software Dynare. Dynare offers a user-friendly and intuitive way of describing these models. It is able to perform simulations of the model given a calibration of the model parameters and is also able to estimate these parameters given a dataset.

Fee info

EUR 499: Academics (PhD Students, Post-Docs, Assistant Professors, Associate Professors)
EUR 999: Central bankers and employees of international organizations and private companies

Scholarships

Scholarships available based on CV of the applicants and for early payments.