'Write Your Model Almost as You Would on Paper and Dynare Will Take Care of the Rest!'

38 Pages Posted: 15 Aug 2023

See all articles by Beatrice Cherrier

Beatrice Cherrier

CNRS; National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST); University of Paris-Saclay - Ecole Polytechnique

Aurélien Saïdi

Université Paris Nanterre

Francesco Sergi

Université Paris Est Créteil, LIPHA

Date Written: August 3, 2023

Abstract

According to its creator Michel Juillard, Dynare is a “pre-processor and a collection of routines” aimed at solving and estimating non-linear rational expectation models. This article focuses on the role of Dynare in the dissemination of dynamic stochastic general equilibrium (DSGE) models in academia and policymaking institutions. The case of Dynare highlights how the dissemination across the profession of theoretical principles and modelling practices cannot be thought independently from (at least) two general issues that involve designing computer tools for macroeconomics: tractability (i.e. the existence of a computer algorithm that can solve a mathematical problem using ‘reasonable’ resources) and portability (i.e. the material ability of circulating and transferring a computer algorithm across models, people, and institutions). In this article, we document how the origins and the development of Dynare over three decades was guided by these two issues.

Keywords: History of macroeconomics, DSGE models, Dynare, computerization of economics

JEL Classification: B22; B23; C63; E37

Suggested Citation

Cherrier, Beatrice and Saïdi, Aurélien and Sergi, Francesco, 'Write Your Model Almost as You Would on Paper and Dynare Will Take Care of the Rest!' (August 3, 2023). Available at SSRN: https://ssrn.com/abstract=4531026 or http://dx.doi.org/10.2139/ssrn.4531026

Beatrice Cherrier (Contact Author)

CNRS ( email )

3, rue Michel-Ange
Paris, 75794
France

National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST) ( email )

15 Boulevard Gabriel Peri
Malakoff Cedex, 1 92245
France

University of Paris-Saclay - Ecole Polytechnique ( email )

55 Avenue de Paris
Versailles, 78000
France

Aurélien Saïdi

Université Paris Nanterre ( email )

200 Avenue de la République
Nanterre cedex, Nanterre Cedex 92000
France

Francesco Sergi

Université Paris Est Créteil, LIPHA ( email )

61 avenue du General de Gaulle
Créteil Cede, 94010
France

HOME PAGE: http://lipha.u-pec.fr/membres/membres-permanents/sergi-francesco-909980.kjsp?RH=1222865797626

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