Dynamic Stochastic General Equilibrium Models

2024/2025

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Theoretical Economics

Course type:

Elective course

When:

2 year, 3 module

Instructor

Mishin, Arsenii

Course Syllabus

Abstract

This course continues the sequence of macroeconomics courses for Master's students. It aims to deepen our understanding of modern tools used in the analysis of macroeconomic processes and policies. A challenge facing policymakers is how to evaluate the net effects of forces operating on different parts of the economy. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such assessments in an open and transparent manner. DSGE models have also become the standard workhorse models for the analysis of aggregate fluctuations. The primary focus of this course will be on the analysis, solution, calibration, estimation, and extension of DSGE models. We will also emphasize computational methods and apply them to solve DSGE models.