Lunches, coffee breaks, a social dinner on November 21st, and course notes are provided. Wi-Fi is accessible, but participants should not rely on it to access a MATLAB license server at their own institution.Īs an alternative to MATLAB, it is possible to use GNU Octave (free software, compatible with MATLAB syntax). This is a 'laptop only' workshop Each participant is required to bring his/her laptop computer with MATLAB version 7.5 (R2007b) or above installed. One Minute Madness, Hands-on sessions and exercisesĪlthough the course is mainly addressed to DYNARE users, it will provide a general introduction for estimating models to DYNARE.Global Sensitivity Analisys Introduction.Is it possible to determine identifiable and non-identifiable parameters before starting estimation? Is it possible to assess ex-ante the strength of identification of parameters in an estimated DSGE models?.g., GDP and consumption)? Is there any trade-off? Which structural parameters mainly drive the fit of observables (e.What drives the sign and magnitude of impulse response functions? What parameters are mostly responsible for cross-correlations and auto-correlations of endogenous variables?.What is the stability region of a DSGE model? Which structural parameters mainly drive the unique saddle-path solution of DSGE models?.Identification analysis and global sensitivity analysis (GSA) can help us in answering these questions: Successful applicants will receive a confirmation email by no later than September 16, 2019. The course will be open to a maximum of 30 qualified and selected participants.Įxtended Deadline: 11.59 pm of August 19th, 2019. techniques for improving speed of estimations in DYNARE.their application to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models.their DYNARE implementation (identification toolbox and global sensitivity analysis toolbox).methods of identification and global sensitivity analysis,.In this course, participants receive a general introduction to:

Matlab Version 7.5 R2007b