Connect with IMF Institute
Monetary and Fiscal Policy Analysis with DSGE Models

Monetary and Fiscal Policy Analysis with DSGE Models (DSGE)


Session No.: CT 18.06

Location: Dalian, China

Date: August 13-24, 2018 (2 weeks)

Primary Language: English

    Target Audience

    Mid-level to senior officials who use Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic analysis of monetary and fiscal policy issues.
    Back to top


    Participants should have an advanced degree in economics or equivalent experience, solid quantitative skills, and a basic knowledge of MATLAB/Octave and Dynare/Iris. It is recommended that they have previously taken the online Macroeconometric Forecasting (MFx) course.
    Back to top

    Course Description

    This course, presented by the IMF Institute for Capacity Development, deals with building, using, and interpreting DSGE models. It introduces participants to the models and techniques that policy makers commonly use in analyzing monetary and fiscal issues. The course devotes a large number of lectures to model design and implementation issues and uses case studies relevant to the region to illustrate how these models are applied and how they can contribute to the policymaking process. The course discusses the advantages and limitations of the models when they are used for policy analysis and advice.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to:

    • Describe the models and techniques (computation and estimation) policy-makers use in analyzing monetary, fiscal, and structural issues.
    • Build a basic DSGE model from first principles using data for a country case in the region.
    • Augment or modify the model structure to address an economic policy question, using stylized evidence.
    • Apply the DSGE models developed in the course to various policy questions and interpret their results.
    • Identify the advantages and limitations of the models when used for policy analysis and advice.
    • Start building a model based on their own country's data.
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Implementing the International AML-CFT Standards (AMLS)

    English (Arabic), September 20-24, 2020, Kuwait City, Kuwait

    Apply online by August 7, 2020

    Online Course on Government Finance Statistics (GFSX)

    English, August 3, 2020 - October 12, 2020, Course conducted online

    Apply online by August 7, 2020

    Virtual - Inclusive Growth (IG)

    English, August 31, 2020 - September 4, 2020, Vienna, Austria

    Apply online by August 9, 2020