Following highly successful Summer and Easter Schools in previous years, the Centre for International Macroeconomic Studies (CIMS) in the School of Economics, University of Surrey will hold a three-day Easter School from 24-26 April 2017 on the construction and estimation of Dynamic Stochastic General Equilibrium (DSGE) models for Emerging Open Economies and their use for policy analysis.
The deadline for application is 10 April 2017 although places will be offered on a first-come-first-served basis.
The Course provides a beginners’ introduction to the construction and estimation of Dynamic Stochastic General Equilibrium (DSGE) models for Emerging Open Economies and their use for policy analysis. It is aimed at early researchers with no experience of this software package. It will provide an excellent preparation for the “Foundations of DSGE Modelling” course held at the University of Surrey in the summer.
The Course will start with a brief summary of the basics of Matlab and Dynare programming. Then it will proceed to the construction, simulation and estimation of a small open economy DSGE model with emerging economy features. The Course will finish by showing how the estimated model can be used for policy analysis using monetary, fiscal and foreign exchange intervention instruments. The course material will cover the underlying theory and the practicalities of using Dynare.
Who should attend this Easter School?
- PhD students and academics and who want to learn about DSGE modelling with an application to open-economy macroeconomics
- Researchers and practitioners working at central banks, as well as at other private and public institutions who intend to construct or use DSGE models
The fees for academics and PhD students are: £400 for the 3-day course. For non-academic participants (from central banks, ministries or the private sector) the fees are £1000. Lunch, coffee, a course dinner on day 2, course notes and model software is included in this cost.
Concessions are available for former attendees of CIMS DSGE Courses and those based at academic institutions in developing countries.
The practical sessions will take place in computer labs with Dynare installed and set up to run in a Matlab platform. For those wishing to use their own computers outside the sessions, it should be noted that Dynare is free software, but Matlab must be purchased.
To be considered for admission to the course applicants must have:
- A background in macroeconomics with some knowledge of macro-modelling and dynamic optimization
- A working knowledge of English
The deadline for application is 10 April 2017, but we do encourage interested people to apply as soon as possible as the places will be allocated using a rolling selection process. Once your application has been reviewed, you will receive an email offering you a place and applicants will have 2 weeks to pay the full fees balance to secure their place.