Celebrating 30 Years of Dynare and Its Global Impact with MATLAB

Posted by Akshay Paul, February 21, 2025

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As we celebrate the 30th anniversary of Dynare, we at MathWorks would like to take a moment to reflect on its influence on the global economics community. Developed by Michel Juillard, Dynare has been a cornerstone in computational economics, enabling researchers and policymakers worldwide to model and analyze complex economic systems with ease.

Dynare and MATLAB: A Powerful Combination

Dynare’s integration with MATLAB has made economic modeling more accessible and efficient. By combining MATLAB’s computational power with Dynare’s modeling capabilities, economists can tackle a wide range of challenges, from macroeconomic policy analysis to financial market research.

Here’s how this partnership has made a difference:
• Simulating Economic Policies – Governments and institutions use MATLAB and Dynare to test economic policies and make data-driven decisions.
• Analyzing Financial Markets – These tools help economists study market trends, asset pricing, and risk management.
• Teaching and Research – Universities worldwide use Dynare and MATLAB to train students in economic analysis.
• Central Banking Research – Central banks rely on them for forecasting and policy development.

A Global Community of Economists

Over the years, Dynare and MATLAB have built a strong community of economists, researchers, and policymakers. Their continued development ensures that economic modeling keeps evolving, helping economists address new and emerging challenges.
Looking ahead, Dynare and MATLAB will keep pushing the boundaries of computational economics, giving researchers the tools they need to analyze and solve real-world economic problems.