The SEACEN Centre successfully concluded the SEACEN Course on Monetary Policy Analysis with DSGE Models, held in Colombo, Sri Lanka, from 15–18 June 2026 and graciously hosted by the Central Bank of Sri Lanka. The course brought together economists and researchers from central banks across the region to strengthen their capacity in modern macroeconomic modelling and monetary policy analysis.
Dynamic Stochastic General Equilibrium (DSGE) models have become an essential tool for central banks in forecasting, policy analysis, and risk assessment. Over four intensive days, participants explored the theoretical foundations of New Keynesian DSGE models, open-economy dynamics, financial frictions, Bayesian estimation techniques, and practical forecasting applications using Dynare and MATLAB. The programme also featured insights into the Bank of Korea’s DSGE modelling framework and a special session on the role of global factors and domestic fundamentals in shaping capital flows into emerging markets.
We extend our sincere appreciation to the Central Bank of Sri Lanka for its outstanding hospitality and excellent arrangements throughout the programme. In particular, we would like to thank Deputy Governor Dr. Chandranath Amarasekara and Assistant Governor Dr. P. K. G. Harischandra for their strong support and leadership in making this programme a success.
Our heartfelt thanks also go to Professor Filippo Ferroni (University of Bologna) for sharing his expertise and providing hands-on guidance throughout the course. Beyond serving as the lead instructor, Professor Ferroni has kindly agreed to support The SEACEN Centre as an adviser on economic modelling initiatives, helping us further strengthen modelling and forecasting capacity across our member central banks.
We are equally grateful to all participants from the Central Bank of Sri Lanka, Nepal Rastra Bank, National Bank of Cambodia, Reserve Bank of India, and Bank Negara Malaysia for their active engagement, thoughtful discussions, and commitment to advancing policy-relevant research and analytical capabilities.
The programme was directed by Dr. Nur Ain Shahrier, Senior Economist at The SEACEN Centre, as part of SEACEN’s ongoing efforts to support evidence-based policymaking and deepen technical expertise in macroeconomic modelling across the region.
As the global economic environment becomes increasingly complex and uncertain, strengthening central banks’ capacity in economic modelling, forecasting, and scenario analysis remains more important than ever. We look forward to continuing this journey together through future SEACEN initiatives and regional collaboration.
