## Monetary and Fiscal Policy Analysis with DSGE Models

## Source details

**Canonical URL:** [Monetary and Fiscal Policy Analysis with DSGE Models](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/dsgejv24-30)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2024/dsgejv24-30/index.md)
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## Bibliographic details
- Session: JV 24.30
- Location: Vienna, Austria
- Dates: September 30, 2024 - October 11, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Overview
- Training Program presented by the Institute for Capacity Development.
- Session No.: JV 24.30.
- Location: Vienna, Austria.
- Date: September 30, 2024 - October 11, 2024 (2 weeks).
- Delivery Method: In-person Training.
- Primary Language: English.
- Deadline passed.

### 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.
  - Expected to have solid quantitative skills.
  - Expected to have a basic knowledge of MATLAB/Octave and Dynare/Iris.
  - It is strongly recommended that applicants have completed the online Macroeconometric Forecasting (MFx) course.

### Course description
- The course deals with 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 to policymaking.
- Discusses the advantages and limitations of the models when used for policy analysis and advice.

### Course objectives
Upon completion of the 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.

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## References

- [In-person 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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/dsgejv24-30_