7 reviews

DSGE Course in STATA- RBC Model

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7 reviews

The Dynamic stochastic general equilibrium (DSGE)comprehensive course will teach you how to estimate DSGE models in STATA. The course is designed so that you can learn step by step and get a clear understanding of the concepts. The course covers important topics such as model estimation, forecasting, and policy analysis.

You will get the following files:

ZIP (8MB)
PDF (6MB)

A comprehensive guide to DSGE modeling in stata

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.

why you should take this course!

Work with Real data

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.

interpret Impulse Response Functions

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.

Produce Out of sample forecasts

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.

What is included in the package?

Complete STATA DO File

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.

Complete DAtaset

Obtain the complete dataset that includes GDP, Investment, Consumption and Hours worked for the United States.

Slides I used in the presentation

Gain access to the slides I used in the tutorials. These slides are highly informative and serve as efficient support for grasping the concepts.

PDF Guide with math solutions (and more)

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.

What our customers are saying

Brilliant

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.

— Brian T.

Great resource to apply the "plain vanilla" DSGE model on STATA.

It's a great jumpstart to tackle more complex DSGE models. Would recommend checking it out

— Matthieu F.

Excellent course in DSGE

The instruction in the course is easy to follow.

— Arie

You may also consider buying the following extension....

The following is an extension of the basic RBC model. We add oil in the production function and include oil shocks in the economy.

RBC Model with Oil Production - STATA

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$10.00

Added to cart

The package includes:

Dataset
Complete DO file
PDF with Math Solution

Also, the PDF includes some ideas to improve the model and improve your skills.

Please Note: The model is the same I taught in my course DSGE models in Matlab Dynare. This package is the adaptation of the model to STATA.

You will get the following files:

PDF (673KB)
DO (6KB)
XLS (75KB)
PDF (6MB)

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Customer Reviews

arie

Verified Buyer

I recommend this product

1 year ago

Excellent course in DSGE

The instruction in the course is easy to follow.

Rashad

Verified Buyer

I recommend this product

1 year ago

Fine

I like ...... very good work

JULES N.

Verified Buyer

I recommend this product

1 year ago

DSGE course

I am very happy with your tutorial on the DSGE model on stata. As for SVAR on eviews, the database are not consistent, I would have liked that in your databases to give us more examples.

Sincerely

Brian T.

Verified Buyer

I recommend this product

1 year ago

Brilliant

Matthieu F.

Verified Buyer

I recommend this product

2 years ago

Great resource to apply the "plain vanilla" DSGE model on STATA. It's a great jumpstart to tackle more complex DSGE models. Would recommend checking it out

Constructive Criticism:
1. I would put a lot more emphasis on explaining the estimation procedure as well as other methods of estimation (such as Bayesian methods), to give a sense on how we can derive the estimated model.
2. I heard the author is interested teaching the same methods using Dynare/Matlab. This is a great idea. I would also try to apply what was done in this course to a more complex model (such as Smets and Wouters).
3. I recommend everyone to read the STATA documentation on DSGE's. Very concise and detailed explanation.

Overall, great series of videos, congrats!