MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.
This course uses detailed country data highlighting an inflation targeting central bank, for hands-on filtration and calibration exercises.
The course covers two main technical aspects:
- introduction to a canonical New Keynesian model structure and its key properties; and
- implementation of the QPM in Matlab/Octave and the application of IRIS toolbox for solving and maintaining the QPM.
What you'll learn
- Upon completion of this course, participants should be able to:
- Explain the key building blocks of a canonical semi-structural QPM.
- Interpret the key model equations from a macroeconomic point of view.
- Implement a simple QPM using a specialized software for macroeconomic modelling.
- Distinguish the key elements of a QPM in a state-space form (i.e. shocks, observable and unobservable variables, measurement and transition equations, steady-state parameters, equation coefficients).
- Identify necessary codes for data transformation, filtration and evaluation of the QPM properties.
- Apply the basic IRIS Toolbox functions for solving the model.
- Create output reports using model codes.
- Develop a basic calibration of the QPM.
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.
MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.