Dynamics Registration Macroeconomic Modeling Content Schedule | Course Content All the sessions include personal work in the computer lab. Monday | What will you learn and implement? Understanding of the TROLL environment, the conventions in the software and the manipulation of the TROLL objects.  | Role, organization of the modules, a quick start. | | General rule to interact with the system, how to use the documentation. | | The file system. | | The TROLL user interface (with practice). | | The TROLL objects, the data types and data shapes. | | Data manipulation exercises. | | Rules to retrieve, and to save TROLL objects. | | Application to the databases manipulation. |
| Tuesday | What will you learn and implement? Building a model from scratch. | Definition of environment settings | | Model syntax | | Estimation techniques | | Residual check simulation | | Reference simulation | | Management of shocks | | Reporting, results comparison, graphs. |
| Wednesday | What will you learn and implement? Simulating rational expectations models in TROLL. | Algorithms in TROLL. | | Application using MULTIMOD | | Introduction to multinational macroeconometric modeling |
Enjoy your free afternoon :) | Thursday | What will you learn and implement? Solving forward-looking models Theoretical background | Blanchard Kahn algorithm | | TROLL algorithm | | One country example (Neo-Keynesian Phillips Curve) | | Temporary and permanent shocks | | How to deal with terminal conditions |
Computing exercises | Adding interest rate rules to the model | | Open vs closed economy | | Adding interest parity conditions |
| Friday | What will you learn and implement? Multi-country modeling with QUEST | Household behavior | | Firm behaviour | | Labor market | | International trade | | Exchange rates | | Links in the multi-country model | | Simulation exercises |
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Edson |
