Monetary and Fiscal Policy Analysis with DSGE Models (DSGE)
Deadline passed
Session No.: JV 19.29
Location: Vienna, Austria
Date: September 30, 2019 - October 11, 2019 (2 weeks)
Primary Language: English
Target Audience
Qualifications
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.
Course Objectives
- 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.
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