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A Three-Day Course and One-Day Conference at City, University of London

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

Arial view of the College Building on a sunny day, with the London skyline in the distance.
Based in the heart of London, close to the Square Mile and the Bank of England, City University provides the ideal location for attending the course and visiting famous sites in 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 include a behavioural alternative to a rational expectations open economy model. It will also show how the models can be used to study policy using monetary and foreign exchange intervention instruments.

How to apply

Entry requirements

Applicants must have:

  • A background in macroeconomics with some knowledge of macro-modelling and
    dynamic optimisation.
  • Basic knowledge of Matlab programming
  • Working knowledge of English

Fees

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

Residential fees include breaks with coffee/tea/biscuits/fruit; lunch and a Course dinner at the end of Day 3

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

Software

The online lectures will take place via Zoom and residential lectures in a lecture theatre at City.

All participants will need Matlab downloaded on their computer (you can get a 30-day free trial from the Matlab site). You also need to have the latest version 5.3 Dynare installed, but this is free.

Dynare model files will be provided for participants.

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

Contact details