Seminar in „International Economics"
The topic of this seminar is “Applied Economics and Policy Analysis Using Dynare”. Dynare (see www.dynare.org/) is a software platform for handling a wide class of economic models, in particular dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models. Dynare offers a user‐friendly way of describing, solving, and estimating these models. It is able to perform simulations of the model given a calibration of the model parameters and is also able to estimate these parameters given a dataset. In terms of types of agents, models solved by Dynare can incorporate consumers, productive firms, governments, monetary authorities, investors and financial intermediaries.
Various public bodies (central banks, ministries of economy and finance, international organizations) and some private financial institutions use Dynare for performing policy analyses and as a support tool for forecasting exercises. In the academic world, Dynare is used for research and teaching purposes.
The seminar consists of two parts. Part I features a series of Mini‐Lectures where background material and the software Dynare is introduced. In Part II, students choose a topic closely related to the Mini‐Lectures, apply the Dynare software to a specific research question, write a seminar thesis and present their results at the end of the semester. Each topic is based on a research article published in an established economics journal (or a working paper). Both theoretical as well as empirical topics are welcome. It is strongly recommended that students have attended MWiMi 2.8: International Economics prior to attending this seminar, as the material will be related in general. The Mini‐Lectures will also feature an introduction LaTeX, which is a free‐of‐charge software that you will use to typeset your seminar thesis.
The seminar is open to Ph.D. students.
MWiMi 2.8: International Economics
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