|
Mid- to senior-level officials involved in developing forecasts that are used in the design and implementation of macroeconomic policy.
|
|
Participants should have an advanced degree in economics or equivalent experience. They should also be comfortable using software for econometric applications such as EViews or PCGive.
|
|
This two-week course, presented by the IMF Institute, aims to strengthen participants' macroeconomic forecasting and modeling skills through the application of modern econometric techniques. Lectures are designed to include a discussion of underlying theory, live presentations of empirical analyses on a personal computer, and hands-on learning by participants in a computer lab. The course focuses on four aspects of empirical model building and forecasting:- data and model properties, including integration and cointegration;- dynamic specification, including the use of error correction models;- model evaluation and model design; and- forecast uncertainty, forecasting for policy, and policy analysis.Participants apply the techniques that they learn to a case study country for which they estimate a model, evaluate it, and then use it for forecasting.
|
