Abstract for: Start Macro Modeling with the MacroLab Template

Want to get started with macroeconomic modeling? Or, just curious about what’s involved? If you teach economics or do economic research, or if you’re an armchair economist who likes to tinker with models, there is something in this workshop for you. You will receive the current version of MacroLab Lite, the featured model in a new textbook called Useful Macroeconomics. You will also receive the MacroLab Template that guides the macro modeling process, along with a free 30-day version of Stella Architect. During the workshop, guided instruction will help you use the template to build a simple country-specific model and jumpstart your macro modeling experience. Plus, you will receive historical data files and instructions for teaching others how to get started. The MacroLab Template is a by-product of two decades of teaching macroeconomics and monetary policy and, more recently, developing system dynamics models for economic policy analysis in Ukraine. The workshop will be conducted by a team of three experienced modelers, and you can choose whether to work alone or with a partner. Pre-workshop supplementary materials below.