De La Salle University - Manila

School of Economics

Research Program Workshop AY 2011-2012

Overview

Research Focus

To estimate a medium scale DSGE model for the Philippine economy.

 

Objectives

• To learn the conceptual, technical and procedural requisites needed to mathematically formulate the theoretical core of a basic small scale DSGE model for a closed economy.
• To know how to determine steady states and undertake linearization techniques that will allow one to apply linear algebra–based solutions.
• To know feasible solution techniques (for recursive equilibrium law of motion) that will allow us to carry out simulations on how shocks are propagated throughout the economic system.
• To be able to employ softwares (e.g. Dynare and Matlab) in computing for the solutions.

Workshop Topics

• Session 1: Formulation of a DSGE model
• Session 2: Solving a simple DSGE model
• Session 3: Estimating a simple DSGE model
• Session 4: Extension to a simple DSGE model