Macroeconomic Modelling

The following are two excellent tools for macroeconomic modelling:

Macroeconomic Models Data Base: It has more than 50 macroeconomic models that can be computed in Dynare. The project is headed by Volker Wieland, Professor of Monetary Theory and Policy at Goethe University Frankfurt.

DYNARE: "Dynare is a software platform for handling a wide class of economic models, in particular dynamic stochastic general equilibrium (DSGE) and overlapping generations (OLG) models." It is freely available but you have to run it in MATLAB, so, you need MatLab to be installed in your computer first.

Using Dynare to Solve DSGE Models: This is a short tutorial to get started using DYNARE by Eric Sims, University of Notre Dame. He also has nice documentation on estimating RBC and New Keynesian Models here. A similar tutorial can be found here.


Wouter den Haan: Resources for computation of DSGE models.