IMF | STI

Details

Start: 
July 11, 2022

End:
July 22, 2022

Course Number:
ST22.21V

Application Deadline

Apr 30, 2022

Virtual : Macroeconometric Forecasting and Analysis (MFA)

Jul 11 - 22

Target Audience

Government officials involved in developing macroeconometric models and forecasting for the analysis, design, and implementation of macroeconomic policy.

Qualifications

Participants are expected to have an advanced degree in economics or equivalent experience and a background in econometrics. They should also be comfortable using EViews for econometric applications. It is strongly recommended that applicants have completed the online Macroeconometric Forecasting (MFx) course.

Course Description

This course, presented by the Institute for Capacity Development, gives government officials a rigorous foundation in the estimation of macro-econometric models and their application for nowcasting, forecasting, and policy analysis in central banks, ministries, and public research institutions. The course examines univariate and multivariate econometric time series models, state-space models, and nowcasting techniques as Factor, BRIDGE, and MIDAS models. Each topic includes a lecture that discusses the underlying theory and a workshop with applications using EViews. Participants work in groups on hands-on estimation and forecasting exercises.

Course Objectives

Upon completion of this course, participants should be able to:

• Identify the foundations, characteristics and limitations for a number of econometric model specifications.
• Use EViews software to apply modeling techniques that enhance the policy analysis and forecasting capabilities in their institutions. 
• Apply the techniques learned to country cases from their region to forecast and analyze a policy issue.
• Apply appropriate tools available in the EViews econometric package to their own work or research and that of other countries.