Learn Real Business Cycle model - Macroeconomics

[@JDEconomics]

Hello Everyone! I hope you are enjoying the free DSGE course. Please leave your comments/feedback! 📈 DSGE Course in Matlab Dynare: jdeconomicstore.com/b/dsge-dynare-course ✅ You can buy the DO File Along with the slides and paper (maths solved) at: jdeconomicstore.com/b/dsgemodelstata ✅ Download for Free the PDF With Dynamic Equations, and see the course outline at: www.jdeconomics.com/dsge-models ☕If you would like to show your appreciation and make a donation: 💳 www.paypal.com/paypalme/JDEconomics?locale.x=en_US Best Regards, Juan D.

[@theeconomist368]

Simple but clear explanation, 👌 a good introduction to DSGE models.

[@JDEconomics]

Thanks! Regards, JD

[@solomonyemidi3203]

Welcome back. Thanks for sharing

[@JDEconomics]

No problem! Cheers, JD

[@khaledbenmakrelouf2963]

Thanks a lot for your efforts

[@JDEconomics]

Thanks for your feedback! Feel free to check the course in Matlab at www.jdeconomicstore.com Kind Regards

[@pedrocolangelo5844]

Mr. D'amico, thank you so much for the effort spent on these courses. I'm beginning right now on your free DSGE models course on KZbin and I am pretty excited since this first video, because of your great didactic. If the free course keeps this high level of content, I have no doubt I will buy some of your courses. By the way, I'd like to take the opportunity and ask you something: if I buy any of your courses, could I reach you to clear any doubts related to the math in these models? I know that in the description of the courses is said to be the math derivations, but sometimes even following some step by step derivations it occurs me some doubts. Thank you again. Greetings from Brazil!

[@JDEconomics]

Thanks! I’m glad you are liking the videos. The answer is yes. You could email me. Regards

[@VSP4591]

Excelent video.

[@JDEconomics]

Thanks a lot! Make sure to check my website: www.jdeconomics.com Cheers!

[@ibrahimniftiyev]

Thank you for the video. I would appreciate if you can also make a video about Fully Modified OLS and Dynamic OLS that are being considered superior to OLS. Thank you beforehand. Good luck!

[@JDEconomics]

Hi! Thanks for the feedback and suggestions. Regards, JD

[@azmilakil7573]

Fully Modified OLS and Dynamic OLS. Are these time-series analysis?

[@الدكتورةكوثر]

Thanks a lot for your efforts 👌 great video.

[@JDEconomics]

Thanks!

[@danielefraietta9904]

Great stuff!!

[@JDEconomics]

Did you like it Daniele? Great! Thanks for your feedback. Regards, Juan

[@danielefraietta9904]

@@JDEconomics It's awesome and I'm looking forward tot he next tutorial! Quick question: what software will you be using for DSGE?

[@JDEconomics]

@@danielefraietta9904 I will be using Stata and once I am done with all of it, I may estimate it in Dynare too.

[@alexisnewton8602]

thanks for all your tutorials on DSGE Model I paied your materials it work well. Very interesting your article. please can you tell us about manatary policy using DSGE model?

[@JDEconomics]

Hi Alexis, thanks for your purchase and suggestion. Since it is an rbc model, money is neutral and there is no role for monetary policy. I hope I can get into a new keynesian model with money. Regards, JD

[@zouaouiachaneb3791]

​@@JDEconomics I want to ask when you will enter into a Neo-Kennesian model with money ?, we need it as soon as possible, thank you for your efforts, good luck

[@parthjha955]

I want to learn DSGE for a project I'm working on (Potential GDP growth by Women Empowerment). I'm a undergrad at Economics and I have covered only basics. Would you suggest me to watch these videos to learn or should I complete some prerequisites first?

[@JDEconomics]

Absolutely! I recommend you to buy the material at: jdeconomicstore.com/b/dsgemodelstata Also, I have a course step by step in Udemy. You can learn dsge models in Matlab Dynare: jdeconomicstore.com/b/dsge-dynare-course Regards!

[@econ8182]

Great, is it possible to highlight Dissecting the business cycle and the BBQ add-in (Eviews)

[@JDEconomics]

Hello! Thanks for your message. I was not aware of the BBQ add in. I have never used it before so I can’t really speak for it. I will take a look at it. Make sure to check my website, there you have all my tutorials available at the time. Regards, JD

[@alunevans2377]

The only thing that ultimately drives business cycles is money. The higher the growth of money enables economic activity to happen. Therefore national income adjusts to the amount of money people hold

[@JDEconomics]

Hello! Indeed, there is a high correlation between the money in circulation and economic cycles. However, it is difficult to attribute causality to money. If the solution to economic problems is to print money, then we shouldn’t have to work. It would be easier for the government to just give us a money-printing machine and be done with it. At the end of the day, it’s not the amount of money that matters, but the quantity of goods. Wealth is not measured by money; it is measured by the amount of goods. According to RBC models, what generates the wealth boom is technological advancement (which is exogenous). Let’s think of it today as artificial intelligence. It has come to revolutionize production processes and wealth generation. This can imply that the economy demands more money and expands the cycle. Best regards!

[@alunevans2377]

@@JDEconomics Money is the economies fuel. without it no transactions take place. Suggest watching Steve Hankie's videos. The issue of causality is due to the lags between changes in money growth and it feeding through, firstly to asset prices, then production and then on inflation. Advantage of productivity improvements means that the economy can be more efficient and grow more quickly. Major drawback with the RBC model, like with the NK 3 Equation model and DSGE models is that they do not include money and the banking system. As many prominent monetarists, some of whom i know, correctly predicted the high inflation we had post covid while the models used by Central Banks were useless!!!!

[@JuanDamico]

@@alunevans2377 Many banks have already given up their DSGE models post covid, since as you mentioned, were useless, Cheers

[@zouaouiachaneb3791]

I want to ask when you will enter into a Neo-Kennesian model with money ?, we need it as soon as possible, thank you for your efforts, good luck

[@JDEconomics]

Not soon. I have other stuff in the meanwhile.

[@zouaouiachaneb3791]

@@JDEconomics Thank you, good luck 😊

[@ngoniwellymugombi7090]

Hi JD. I find your vedios quite informative. however why is it that on the two models ephasis is placed on the role of the monetary policy and note on fiscal policy

[@JDEconomics]

Hi! No reason in particular. I am just trying to give an example. Can be monetary or fiscal. Cheers

[@kakanic]

Thank you very much, just one doubt, does it work also for stata 15? I remember that stata 15 has also the DSGE option

[@JDEconomics]

Hi, I was just looking into it and seems it does work in Stata. I don’t know if it works for non linear models (which we will be doing). You can check once we get to using the software!

[@danielefraietta9904]

Hello Juan, I had your same doubt. I've checked that out and it turned out that Stat 15 has only linear DSGE capabilities. For non-linear DSGE, you need Stata 16 (dsgeln command)

[@JDEconomics]

@@danielefraietta9904 Yes, that's what I thought. I will hope to explain it Dynare-Matlab too. But little by little. It has been taking me a long time to prepare the material, models, solve them, etc. And then film and edit. hahaha. But we are getting close! Thanks for checking Daniele. Regards,

[@alessiogarau7948]

@@JDEconomics Hi, Great! Are you still preparing the course in MATLAB-dynare? I think it could be very useful see this other face of the topic

[@JDEconomics]

@@alessiogarau7948 yes! I just need time! Haha. Im so busy lately. And unfortunately I don’t get enough support for content creation 😕. But I hope to start again soon