Monetary and Fiscal Policy Analysis with DSGE Models

Upon completion of this course, participants should be able to:

  • 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‚Äôs data.