If you want to learn how to estimate DSGE models in STATA, this is the course for you! Dynamic stochastic general equilibrium (DSGE) models are increasingly popular in economics and this course will provide a step-by-step guide on how to estimate them. The explanations are clear and the examples use real data, so you can see exactly how the estimation process works.
In this course, we take a practical approach by utilizing real data for the United States, rather than calibrating random numbers. By working with actual data, you will gain a deeper understanding of the U.S. business cycle. You will also learn how to decompose a series into trend and cycle using the HP filter.
Discover the power of Impulse Response Functions (IRFs) in our course. Learn how to create and interpret IRFs, focusing on how endogenous variables respond to productivity shocks. Gain valuable insights into the dynamic effects of shocks on economic variables.
One intriguing aspect of DSGE models is their forecasting capabilities. In this course, you will acquire the skills to generate out-of-sample forecasts and observe the evolution of the U.S. business cycle. Make informed predictions about future economic conditions.
Obtain the complete STATA do-file to replicate the results obtained in the course. The do-file includes exclusive codes to generate high-quality graphs with titles, subtitles, and notes.
Obtain the complete dataset that includes GDP, Investment, Consumption and Hours worked for the United States.
Gain access to the slides I used in the tutorials. These slides are highly informative and serve as efficient support for grasping the concepts.
Access the comprehensive PDF resource with step-by-step math solutions, providing detailed guidance for analyzing, interpreting, and utilizing the model and its results effectively.
This is an extremely useful package. I liked how everything is systematically arranged from the paper containing equations to the do file which executes everything in a split second. I am now looking forward to having a similar package for an open economy with government and foreign trade.
It's a great jumpstart to tackle more complex DSGE models. Would recommend checking it out
The instruction in the course is easy to follow.
