Macroeconometric Forecasting and Analysis

Source details

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

Expected qualifications:
- An advanced degree in economics or equivalent experience.
- A background in econometrics.
- Comfort using EViews for econometric applications.
Strong recommendation:
- Applicants should have completed the online Macroeconometric Forecasting (MFx) course.

Provider: Institute for Capacity Development.
Purpose:
- To give 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.
Topics and methods:
- Univariate and multivariate econometric time series models.
- State-space models.
- Nowcasting techniques: BRIDGE, MIDAS, and UMIDAS models.
- Combination of lectures on underlying theory and workshops with EViews applications.
- Group hands-on estimation and forecasting exercises using country cases.

Upon completion, 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.