gdpThe lectures provide a self contained introduction to the building, simulation and estimation macroeconometric models that constitute the main workhouse of today’s macroeconomics. These models are now commonly used in central banks for policy projections and business cycle analysis. Their interest is to mix micro foundations, dynamic relations and rational expectations. Furthermore, they can be estimated using recent developments in Bayesian econometrics. The objective of this course is to provide the both basic and advanced tools to allow participants to get some intuitions on these models and to be able to read and understand policy and research papers using this approach. Lectures are followed by practical sessions with hands-on computational exercises.

 

Papers presentations 2016/2017:

Name 1 Name 2 Paper Week
Le_Calvez Roman A Model of Unconventional Monetary Policy 1
Lécuyer Elomari Credit and Banking in a DSGE Model of the Euro Area 2
Grimaud Hantzberg The financial accelerator in a quantitative business cycle framework 2
Lico Ceresato Monetary and macroprudential policy in an estimated DSGE model of the Euro Area 2
Benmir Bouchtaoui The Financial Accelerator in an Estimated New Keynesian Model 1
Kupina Chen The external finance premium in the Euro area: A dynamic stochastic general equilibrium analysis. 1
Iung Loukman Does inflation increase after a monetary policy tightening ? Answers based on an estimated DSGE model 2
Solma Diack Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach. 2
Bouassab Bensaddik A New Keynesian Perspective on the Great Recession. 1
Blelleta Firm-specific capital, inflation persistence and the sources of business cycles. 1
Syllabus of the Lecture (pdf)

 

Lecture 1: An Introduction to Dynare Programming
Lecture 2: Estimation of the Neo-Classical Growth Model
Lecture 3: Perturbation Methods and the Full-fledged RBC Model
Lecture 4: New Keynesian Macroeconomics and Bayesian Econometrics
Lecture 5: Optimal Fiscal and Monetary Policies
Lecture 6: International Business Cycles