Macroeconometric Forecasting and Analysis (MFA)

Source details

Target Audience:
- Government officials involved in the development of macro-econometric models for forecasting, analysis, and implementation of macroeconomic policy.
Qualifications:
- Participants are expected to have an advanced degree in economics or equivalent experience and background in econometrics.
- Participants should be comfortable using EViews for econometric applications.

The course gives government officials a rigorous foundation estimating of macro-econometric models and their application for nowcasting, forecasting, and policy analysis in central banks, ministries, and public research institutions.
The course examines:
- Univariate and multivariate econometric time series models.
- State-space models.
- Nowcasting techniques such as BRIDGE, MIDAS, and UMIDAS models.
Each topic includes:
- A lecture discussing the underlying theory.
- A workshop with EViews applications.
Participants work in groups on hands-on estimation and forecasting exercises.

Upon completion of the course, participants should be able to:
- Identify the foundations, characteristics, and limitations for several econometric model specifications.
- Use EViews software to apply modeling techniques that enhance their institutions' policy analysis and forecasting capabilities.
- 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 work or research and that of other countries.