Beginners’ Training Programme in DSGE Modelling
Overview
This Beginner’s Course is the first stage of a three-stage step-by-step training in DSGE modelling. The overall objective is to provide advanced evidence-based tool that will enable participants make meaningful contributions to policy debates and provide greater insights in a complex macroeconomic environment occasioned by a world of uncertainties. The main goal of this Stage is to provide the building blocks for the construction, calibration, simulation and estimation of DSGE models and appraise their usefulness for policy analysis.
Course objectives
Teach the theoretical foundations of DSGE models and how they relate to current policy issues.
Instruct participants of the rudiments in modelling Dynamic Stochastic General Equilibrium Model (DSGEs).
Educate them in the use of Dynare as a software for solving, simulating, estimating and forecasting DSGE models.
Implement basic computational approach to analysing dynamic models, showing how the model economies respond to different shocks.
Understand how to extend the simple model to other domain of the economics.
Develop participants’ skills at analysing dynamic models.
Educate them in the use of Dynare as a software for solving, simulating, estimating and forecasting DSGE models.
Develop participants’ skills at analysing dynamic models.
Expected Audience
Pre-requisites
Analytical Software Requirement
Participants are expected to install MATLAB and DYNARE Software on their laptops.
Benefits of this Course
There are many benefits accruable to participants of the workshops as follows
- Opportunity to sharpen skills in modern macroeconomic modelling.
- Provide Mentoring assistance.
- Creating environment for Networking and knowledge sharing.
- Exposure to best practices in the industry.
- Deep insight into the workings of the economy.
Structure and Duration of the Course
The course runs over a series of two consecutive weekends: September 14th -16th and September 21st -23rd, 2023. It is broken into 12 Sessions. Since the training is Online, we encourage sharing of contacts among participants so that they can share ideas and concerns.
Pre-readings
Facilitators
Prof. Philip O. Alege
Lead Facilitator, International Trade
Dr. Queen Esther Oye
Monetary Economics
Dr. Omobola O. Adu
Informal Sector
Dr. Olabisi R. Oladipo
Labour Economics
Mr. Dauda Musa
Fiscal Policy
Dr. Omobola O. Adu
Informal Sector