Consultancy services to develop a modeling framework for green growth policy analysis, including a large-scale dynamic stochastic general equilibrium (DSGE) model for Macedonia

The consulting work led to the construction of a comprehensive, dynamic stochastic general equilibrium (DSGE) model, which was an innovative tool in capturing the linkages between growth, adaptation to a changing climate, and climate change mitigation goals. The model constituted the backbone  of the Program’s analytic work. It linked the findings of bottom-up sector analysis into a coherent macroeconomic framework. A prototype user-friendly module was built in order to broaden the understanding of the modeling work for a non-modeler audience and its application by government policymakers in Macedonia.