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    The David A. Kendrick Distinguished Service Award

    Venue: Conference Room
    Time: 09: 40 - 09:50, June 21, 2015, Sunday
    Chair: Francesco Furlanetto, Norges Bank

    The David A. Kendrick Distinguished Service Award 2015 is awarded to Michel Juillard for his outstanding contributions to the field of Computational Macroeconomics, in particular for the development of efficient algorithms for the solution of nonlinear dynamic macroeconomic models.

    This includes the development of DYNARE, a software package to make such algorithms, and computational software more generally, accessible to the economics profession. In particular, DYNARE can solve dynamic models with rational expectations, forward looking variables and heterogeneous agents, but can also flexibly be used to solve dynamic models with learning.

    Various public bodies (central banks, ministries of economics and finance, international organisations) and private financial institutions use DYNARE for performing policy analysis and as a support tool for forecasting. In the academic world, DYNARE is widely used for research and teaching purposes in postgraduate macroeconomic courses.

    Michel is a former Editor of the Journal of Economic Dynamics and Control and a stimulating leader and former president of the Society of Computational Economics.