## Virtual : Monetary and Fiscal Policy Analysis with DSGE Models

## Source details

**Canonical URL:** [Virtual : Monetary and Fiscal Policy Analysis with DSGE Models](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2021/dsgect21-07v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2021/dsgect21-07v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2021/dsgect21-07v/index.json)
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## Bibliographic details
- Session: CT 21.07V
- Location: Beijing, China
- Dates: August 23, 2021 - September 3, 2021 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Interpretation language: Chinese

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### Target audience and qualifications
- 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.  
- Qualifications:
  - Expected to have an advanced degree in economics or equivalent experience.  
  - Solid quantitative skills.  
  - Basic knowledge of MATLAB/Octave and Dynare/Iris.  
  - It is strongly recommended that applicants have completed the online Macroeconometric Forecasting (MFx) course.

### Course description
- Presented by the Institute for Capacity Development.  
- Focuses on building, using, and interpreting DSGE models.  
- Introduces models and techniques commonly used by policy makers in analyzing monetary and fiscal issues.  
- Devotes a large number of lectures to model design and implementation issues.  
- Uses case studies relevant to the region to illustrate application to policymaking.  
- Discusses advantages and limitations of DSGE models for policy analysis and advice.

### Course objectives
Upon completion of this course, participants should be able to:
- Describe the models and techniques (computation and estimation) that 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.  
- 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.

---


## References

- [Virtual Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2021/dsgect21-07v_