{
  "title": "Monetary and Fiscal Policy Analysis with DSGE Models",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2023/dsgect23-09",
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  "summary": "Monetary and Fiscal Policy Analysis with DSGE Models Training Program 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.",
  "publishDate": "2023-09-11",
  "sections": [
    {
      "heading": "Target Audience and Qualifications",
      "content": "- Target Audience:\n  - Mid-level to senior officials who use Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic analysis of monetary and fiscal policy issues.\n- Qualifications:\n  - Expected to have an advanced degree in economics or equivalent experience.\n  - Solid quantitative skills.\n  - Basic knowledge of MATLAB/Octave and Dynare/Iris.\n  - It is strongly recommended that applicants have completed the online Macroeconometric Forecasting (MFx) course."
    },
    {
      "heading": "Course Description",
      "content": "- Presented by the Institute for Capacity Development.\n- Focus on building, using, and interpreting DSGE models.\n- Introduces models and techniques that policy makers commonly use in analyzing monetary and fiscal issues.\n- Devotes a large number of lectures to model design and implementation issues.\n- Uses case studies relevant to the region to illustrate application of models to policymaking.\n- Discusses the advantages and limitations of DSGE models when used for policy analysis and advice."
    },
    {
      "heading": "Course Objectives",
      "content": "Upon completion of the course, participants should be able to:\n- Describe the models and techniques (computation and estimation) that policy makers use in analyzing monetary, fiscal, and structural issues.\n- Build a basic DSGE model from first principles using data for a country case in the region.\n- Augment or modify the model structure to address an economic policy question.\n- Apply the DSGE models developed in the course to various policy questions and interpret their results.\n- Identify the advantages and limitations of the models when used for policy analysis and advice.\n- Start building a model based on their own country’s data."
    }
  ],
  "bullets": [
    "Target Audience:",
    "Qualifications:",
    "Presented by the Institute for Capacity Development.",
    "Focus on building, using, and interpreting DSGE models.",
    "Introduces models and techniques that policy makers commonly use 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 of models to policymaking.",
    "Discusses the advantages and limitations of DSGE models when used for policy analysis and advice.",
    "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."
  ],
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  "generatedAtUtc": "2026-09-29T17:04:18.241Z"
}