This course presents tools needed for estimation, evaluation, and inference with dynamic stochastic general equilibrium macroeconometric models in academic and policy institutions. Recent work on matching VARs and DSGE dynamics, and on measuring gaps/potentials/star variables and聽their聽relationship聽with聽model聽based聽quantities are discussed.
Lecture 1: Calibration and聽 evaluation of DSGE models
Lectures 2: Maximum likelihood estimation of DSGE models
Lectures 3-4: Bayesian analysis and Markov chain Monte Carlo methods
Lecture 5: Bayesian estimation of DSGE models. Evaluation and聽 forecasting.
Lecture 6: Practical and聽 policy聽 oriented DSGE models. Composite Likelihood
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