Open Economy DSGE Modelling with Applications to Emerging Economies

Monday, 24th-27th April 2023

A Three-Day Course and One-Day Conference at the City University, London
Online and on-site


This is a hybrid online and on-site course hosted by the Macroeconomics Group in the Department of Economics, City University, London.

The three-day course will serve as an introduction to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic modelling for MSc, MRES, PhD students and for researchers in Universities, Central Banks, Finance Ministries and the private sector. For those with some DSGE modelling experience it provides a specialized treatment of open and emerging economies.

The course covers the construction, calibration and estimation of Dynamic Stochastic General Equilibrium (DSGE) models for open emerging economies and their use for policy analysis. It is Dynare-based introductory course and assumes a basic knowledge of Matlab and a knowledge of dynamic optimization in macroeconomics.

It begins with the basics of Dynare and will then build up, in stages, from closed economy Real Business Cycle and New Keynesian models to the open economy with emerging economy features. The course will finish by showing how the models can be used to study policy using monetary, fiscal and foreign exchange intervention instruments.

Course Programme
View the schedule for the three day course along with the profiles of our instructors.

The course will be followed by a one-day conference for course participants who will be invited to submit papers.

How to Apply:

Applicants are advised to book earlier as there will be a limit on the number enrolled. To apply, please complete the registration form.

Once your application has been submitted it will be reviewed by the course tutors. Please ensure that you provide all the necessary information to help us process your application as quickly as possible.

You will then receive an email notification to confirm whether or not you have been accepted onto the course.

For those that have been offered a place, you will receive the link to pay the tuition fee via a secure portal. Please note we require payment to secure your place, and you will have two weeks to pay the full balance to secure this.

Once payment has been received you will receive confirmation of your place on the course, and further information so you have everything you need.


On-site fees include breaks with coffee/tea/biscuits/fruit; lunch and a course dinner at the end of Day Three. Participants must meet their own travel and hotel costs.

  • Non-academic participants: online, £1000; on-site, £1400
  • Academics: online, £600; on-site, £800
  • Students: online, £300; on-site, £400

Funding Opportunities 

The following concessions is available: 20% discount for participants working or studying in institutions in developing countries.

Local hotels 

Premier Inn London Farringdon

DoubleTree by Hilton London Angel Kings Cross


Both online and on-site participants will need to have installed MATLAB and the latest Dynare in their computers for the practical sessions.

All participants are required to have their own copy of MATLAB since you will be using your own computers. You can download a 30-day free trial of the software beforehand.

To run the codes in your computer, all participants are also required to have Dynare on their computers. Current version is 5.3. and is free software. Dynare model files will be provided for participants.

Attendance at City events is subject to our terms and conditions.

Northampton Square 

City, University of London
Northampton Square
London EC1V 0HB
United Kingdom

Contact details

Course enquiries: