Open-source R packages

Practical tools for macroeconomic modelling and econometric analysis.

Four packages on CRAN, with documentation, examples and source code.

qpmR

Quarterly projection models for monetary policy analysis. Supports model solution, filtering, conditional forecasts, shock decompositions and Bayesian estimation for central-bank forecasting workflows.

Version 1.1.0 · Released 29 September 2026 · MIT licence

CRAN & installation →   ·   Documentation →   ·   Source code →

dsge

Specify, solve and estimate dynamic stochastic general equilibrium models in R. Includes maximum-likelihood and Bayesian estimation, impulse responses, forecasting and policy analysis.

Version 1.2.0 · Released 25 September 2026 · MIT licence

CRAN & installation →   ·   Reference manual →   ·   Source code →

dcce

Dynamic common correlated effects estimation for panel data with heterogeneous coefficients and cross-sectional dependence. Provides short- and long-run estimators, diagnostic tests and bootstrap inference.

Version 0.4.2 · Released 5 May 2026 · GPL (≥ 3)

CRAN & installation →   ·   Reference manual →   ·   Source code →

spmixW

Bayesian spatial panel models with combinations of spatial weight matrices. Supports several spatial specifications, fixed effects and Bayesian model averaging across weight-matrix choices.

Version 0.2.2 · Released 16 April 2026 · GPL (≥ 3)

CRAN & installation →   ·   Reference manual →