SA-TIED hosts Stochastic General Equilibrium (DSGE) Modelling Training

SA-TIED will host an intensive one-week training course on dynamic stochastic general equilibrium (DSGE) modelling from 2 to 6 December 2024. This training is tailored for pre-selected South African-based researchers, including early career researchers, master’s and PhD students, and policy practitioners working on macroeconomic research and policy analysis.

The course is designed to provide participants with the skills and tools necessary to conduct structural macroeconomic research using DSGE models. These models are widely regarded as essential for understanding and addressing complex macroeconomic challenges and for informing evidence-based policymaking.

Objectives and focus areas

The training will focus on equipping participants with practical expertise in DSGE modelling. Topics covered will include:

• Real business cycle and dynamic programming
• New Keynesian models
• Real business cycle for open economies
• Models of sudden stops
• Monetary and macroprudential policies (integrated policy framework)
   

By the end of the course, participants will have a deeper understanding of DSGE modelling techniques and their application in macroeconomic research and policy design.