DSGE Training Modules 5–6 | GEM

GEM Advanced Modeling · Modules 5–6

Think in dynamic economies.

Go beyond static equilibrium. Build, solve, simulate and estimate DSGE models using Dynare — with a focused pathway through New Keynesian, small open economy and empirical macroeconomic applications.

Explore Modules 5–6 Register via GEM Form ↗

18hFocused DSGE

2Modules

DynareCore tool

DSGEDYNAMIC MACRO MODEL

HOUSEHOLDSConsumption · saving · Euler equation

FIRMSProduction · pricing · Phillips curve

MONETARY POLICYInterest rate rules · shocks

DATAFiltering · estimation · validation

OPEN ECONOMYExchange rates · external sector

A different learning architecture

Not a list of lectures. A modeling workflow.

The DSGE pathway is organized around the way researchers actually work: define the economic mechanism, translate it into equations, solve the model, generate dynamics, connect it to data and use it for policy analysis. This workflow mirrors the hands-on approach used in contemporary Dynare training.

Economic mechanism

Start with households, firms, expectations, equilibrium conditions and the economic intuition behind dynamic macro models.

RBCNew KeynesianEquilibrium

Computational model

Translate the system into Dynare, solve it, check stability and examine how endogenous variables respond to shocks.

DynareCalibrationSimulation

Dynamic extensions

Move into New Keynesian and small open economy frameworks, including habit formation and policy rules.

Open economyPolicy rulesIRFs

Data & estimation

Connect theory with observations through filtering, Bayesian methods and MCMC-based estimation.

Kalman filterBayesianMCMC

The two-module sequence

Choose the depth you need.

Modules 5 and 6 can be taken individually or as one connected DSGE pathway.

Module 5 · DSGE Foundations

A hands-on introduction to DSGE models and Dynare, progressing toward New Keynesian and small open economy applications.

01 DSGE structure, dynamic optimization and equilibrium

02 Dynare model setup, solution and simulation

03 New Keynesian framework, Euler equation and Phillips curve

01 Small open economy DSGE models

02 Habit formation and richer dynamics

03 Monetary and macroeconomic policy experiments

01 Impulse response functions

02 Dynamic simulation results

03 Economic interpretation of shocks

Module 6 · Estimation & Advanced DSGE

Move from a theoretical model toward empirical macroeconomic analysis and model-data validation.

Model-implied dynamicsData / estimated dynamics

Research capability

What you leave with.

The focus is not simply on software commands. It is on being able to explain, implement and interrogate a dynamic macroeconomic model.

Build

Formulate households, firms, policy rules and equilibrium conditions.

Solve

Implement and solve DSGE systems in Dynare and examine model stability.

Simulate

Generate impulse responses and analyze macroeconomic shocks.

Extend

Move toward open economy and richer New Keynesian structures.

Estimate

Use filtering and Bayesian methods to connect models with observed data.

Advise

Translate model results into evidence for macroeconomic policy questions.

Connect your training

DSGE does not have to stand alone.

The GEM architecture connects CGE and DSGE as complementary approaches: CGE for economy-wide structural policy simulations and DSGE for dynamic macroeconomic mechanisms and policy transmission.

Modules 1–4

CGE Modeling Pathway

GTAP, GEMPACK, optimization, GAMS and advanced CGE policy simulation.

Explore CGE Modules 1–4 ↗

Complete Program

GEM Executive Diploma

Continue from CGE and DSGE into the complete GEM pathway and broader advanced modeling curriculum.

Explore Complete GEM ↗

Choose your DSGE entry point.

Use the same GEM registration form for Module 5, Module 6, the complete DSGE pathway, the CGE pathway or the full GEM program.

Open GEM Registration Form ↗