Training Catalog Session Details

All government officials are welcome to register. The course is particularly well-suited for officials in central banks that are in the early stages of introducing Forecasting and Policy Analysis Systems (FPAS) with IMF assistance. The course is offered in English.

Participants are expected to have a background in undergraduate macroeconomics, statistics, and econometrics. Participants are provided with guidance on how to access Matlab or Octave software.

This online course, presented by the Institute for Capacity Development, introduces participants to quarterly projection macroeconomic models developed as a core of FPAS (Forecasting and Policy Analysis Systems). It demonstrates how to implement in a macroeconomic modeling software the canonical quarterly projection model (QPM) suitable for inflation targeting central bank. The course covers the macroeconomic motivation of the QPM, its key properties, implementation of the model in Matlab/IRIS toolbox, model calibration and hands-on filtration exercises.