TARGET GROUP | Government officials involved in developing macro-econometric models and forecasting for the analysis, design, and implementation of macroeconomic policy. Participants should have an advanced degree in economics or equivalent experience and a background in econometrics. They should also be comfortable using EViews for econometric applications. Participants are strongly recommended to complete the online Macroeconometric Forecasting (MFx) course prior to enrolling in this course.
DESCRIPTION | This two-week course, presented by the IMF’s Institute for Capacity Development, aims at providing government officials a rigorous foundation in the estimation of macro-econometric models and their application for forecasting and policy analysis in central banks, ministries, and public research institutions. Participants will work together in groups to undertake a number of hands-on estimation and forecasting exercises.
Upon completion of this course, participants should be able to:
• Identify the underpinnings of a number of model specifications
• Use EViews software to apply modeling techniques to country data and replicate results from a variety of important published research papers
• Apply the techniques learned to country cases from their region to forecast and analyze a policy issue
• Apply the appropriate econometric tools, implemented in the EViews econometric package, to their own country work or research, as well as to other countries’ work and research, when they return home