Training Program
Loading component...
Target Audience
Junior and middle-level officials from Ministries of Finance, Central Banks, and other interested public institutions.
Junior and middle-level officials from Ministries of Finance, Central Banks, and other interested public institutions.
Deadline passed
Session No.: ST 22.31
Location: Singapore, Singapore
Date: December 1-9, 2022 (1 week) New dates
Delivery Method: In-person Training
Primary Language: English
Participants are expected to have an advanced degree in economics or equivalent experience, a basic understanding of time-series econometrics and be comfortable using EViews (econometric software package). It is strongly recommended that applicants havecompleted a few general macroeconomic courses, such as Macroeconomic Forecasting and Analysis (MFA), Macroeconomic Diagnostic (MDS), face-to-face or online.
Nowcasting refers to the practice of using recently published data to update key economic indicators that are published with a significant lag, such as real GDP. The aim of this course is to familiarize participants with cutting-edge nowcasting tools that facilitate the use mixed-frequency data in regression models. The course begins by establishing the importance of nowcasting for more timely and appropriate policy formulation during crisis periods such as the GFC or COVID-19. It then reviews the standard nowcasting regression-based procedures available, including the BRIDGE, MIDAS, and U-MIDAS estimators, both with and without dynamic factors. The course also reviews the more general state-space/Kalman filter approach to formulating and estimating a nowcasting model with mixed-frequency data. Procedures for combining nowcasts from the distinct models are considered, along with statistical procedures for evaluating the accuracy of a sequence of nowcasts. Each topic is complemented by a hands-on workshops and assignment using country-specific data using the EViews econometric package. The workshops and assignments are an integral component of the course designed to illuminate the actual steps required to generate a nowcast.
Upon completion of this course, participants should be able to:
English | June 8-18, 2026 | In-person Training | Abu Dhabi, United Arab Emirates
Apply online by March 26, 2026
English | April 13-16, 2026 | In-person Training | Thimphu, Bhutan
Apply online by March 27, 2026
English | April 27-30, 2026 | In-person Training | New Delhi, India
Apply online by March 28, 2026
English | July 6-17, 2026 | In-person Training | Vienna, Austria
Apply online by March 29, 2026
English | June 15-26, 2026 | In-person Training | Vienna, Austria
Apply online by March 29, 2026
