The 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.
Note that this list is preliminary. Still not yet finished to upload all the content of the lecture.
Get MATLAB on your computer
Real time macro-data on MATLAB
The Dynare package
Toy models list
For your assessment, you must pick one of these toy models and estimate it with Bayesian techniques and dbnomics.