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Workshop on Macroeconomic Modeling of Regime Switches (July 29 – Aug. 2)

Presenter: Prof. Junior Maih (Norges Bank, Norwegian Business School)

Date: from July 29 to August 2, 2019

Venue: 1st Conference Room on the 10th floor, Building 3, Waseda campus


This is an introductory workshop to the modeling of macroeconomic variables subject to regime switches. While the workshop is meant for graduate students and professionals, it does not require prior knowledge of the complexities involved in Regime-Switching DSGE (RS-DSGE) modeling and or the RISE toolbox, which will be used for applications.


The intention of the introductory workshop is not to train participants to become specialists in the field but instead for them to understand the stakes of regime switching and to get a basic exposure to the main techniques involved in solving and analyzing RS-DSGE models so that they may start using those techniques in their work. Although no prior knowledge of DSGE modeling is assumed it is a fast-paced training and additional reading is provided to help participants to consolidate material. By the end of the workshop participants should:

  • Understand the economic foundations of RS-DSGE models and how they relate to policy issues
  • Be able to write dynamic models in a general form suitable for solution, simulation and estimation in a computer using the RISE toolbox.
  • Implement basic solution and simulation techniques to analyze RS-DSGE models, showing how the model economies behave under alternative regimes and how they respond to different shocks.
Planning of the Workshop (10 sessions x 90 minutes)
  1. Perturbation and simulation of constant-parameter DSGE models (Monday 29, 10:40-12:10)
  2. Applications and introduction to RISE (Monday 29, 13:00-14:30)
  3. Bayesian estimation of constant-parameter DSGE models (Tuesday 30, 10:40-12:10)
  4. Applications (Tuesday 30, 13:00-14:30)
  5. Perturbation methods for Regime-switching DSGE models (Wednesday 31, 10:40-12:10)
  6. Applications (Wednesday 31, 13:00-14:30)
  7. Bayesian Estimation of Regime-switching DSGE models (Thursday 1st August, 10:40 to 12:10)
  8. Applications (Thursday 1st August, 13:00-14:30)
  9. Modeling of occasionally-binding constraints using regime-switching (Friday 2nd August, 10:40-12:10)
  10. Applications (Friday 2nd August, 13:00-14:30)
Required environment

Matlab (core matlab, optimization toolbox, statistics toolbox) MikTex, dropbox, oxedit (optional)


Students, faculty members, and the general public




For subscription please contact: [email protected]


Professor Masashige Hamano, Faculty of Political Science and Economics, Waseda University  [email protected]

  • 0729





Conference Room 1 on the 10th floor of Building #3, Waseda Campus


Mon, 27 May 2019

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