Poslední úprava: Mgr. Jan Žáček, Ph.D. (13.09.2020)
The course is intended for master students with orientation in economic modelling. The course will introduce dynamic stochastic general equilibrium (DSGE) models as well as the essential tools needed for their construction and implementation.
The course employs a practical and very intensive approach to model building. Students will build DSGE models step-by-step: from households’ optimisation and the firm’s problem, through equilibrium to monetary authority. Students will acquire practical hands-on experience in building DSGE models which will allow them to develop and implement their versions of DSGE models using Matlab and Dynare toolbox.
The course is intended to be of a ‘workshop’ style. There is no clear division between lectures and seminars. Students will be introduced into the theoretical background of modelling and derivation of models’ building blocks. Students will also get an opportunity to implement acquired knowledge in Matlab-based practice sessions. Moreover, several guest lectures will demonstrate the practical implementation of DSGE models in policy analysis.
