DIY Macroeconomic Model Simulation Platform
DIY Macroeconomic Model Simulation, 2023
The new online platform ‚DIY Macroeconomic Model Simulation‘ provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R. The platform follows a pluralistic approach by covering an array of macroeconomic models, including canonical textbook models, models from different economic paradigms, and seminal models from the history of economic thought. It bridges a gap between intermediate and advanced level macroeconomics by providing detailed yet accessible treatments of seminal macroeconomic models.
Comment from our editors:
We are pleased to share a new online platform ‚DIY Macroeconomic Model Simulation‘ that provides an open-source code repository and online script for macroeconomic model simulation. It follows a “do-it-yourself” (DIY) approach, empowering users to numerically simulate key macroeconomic models on their own using the programming language R. The platform offers learning resources for both macroeconomic modelling and coding, which we hope will be a useful tool for teaching and research. The platform follows a pluralistic approach by covering an array of macroeconomic models, including canonical textbook models, models from different economic paradigms, and seminal models from the history of economic thought. It bridges a gap between intermediate and advanced level macroeconomics by providing detailed yet accessible treatments of seminal macroeconomic models. The platform’s DIY-approach aims to foster reproducibility and open-source principles in macroeconomic research and education by providing learning materials that are freely available and modifiable by everyone. The platform’s content will expand over time through new entries added by the project team. A Python extension is planned.