Equatorially trapped wave modes, such as Kelvin and mixed Rossby–gravity waves, are believed to play a crucial role in forcing the quasi-biennial oscillation (QBO) of the lower tropical stratosphere. This study examines the ability of a general circulation model (GCM) to simulate these waves and investigates the changes in the wave properties as a function of the vertical resolution of the model. The simulations produce a stratopause-level semiannual oscillation but not a QBO. An unfortunate property of the equatorially trapped waves is that they tend to have small vertical wavelengths (≤15 km). Some of the waves, believed to be important in forcing the QBO, have wavelengths as short as 4 km. The short vertical wavelengths pose a stringent computational requirement for numerical models whose vertical grid spacing is typically chosen based on the requirements for simulating extratropical Rossby waves (which have much longer vertical wavelengths). This study examines the dependence of the equatorial wave simulation of vertical resolution using three experiments with vertical grid spacings of approximately 2.8, 1.4, and 0.7 km. Several Kelvin, mixed Rossby–gravity, and inertio–gravity waves are identified in the simulations. At high vertical resolution, the simulated waves are shown to correspond fairly well to the available observations. The properties of the relatively slow (and vertically short) waves believed to play a role in the QBO vary significantly with vertical resolution. Vertical grid spacings of about 1 km or less appear to be required to represent these waves adequately. The simulated wave amplitudes are at least as large as observed, and the waves are absorbed in the lower stratosphere, as required in order to force the QBO. However, the EP flux divergence associated with the waves is not sufficient to explain the zonal flow accelerations found in the QBO.