Introduction to Macroeconomic Modelling and Forecasting (E-learning)

BACKGROUND

Central Banks and Ministries of Finance, Planning and Development in the MEFMI region require skills in macroeconomic modelling and forecasting to formulate and implement evidence-based policies. For this reason, there is a need for comprehensive operational macroeconomic models in the member countries. In this regard, MEFMI will be conducting an introductory e-learning course on Macroeconomic Modelling and Forecasting to help member countries develop capacity in this important area.

OBJECTIVE

To build the capacity of RIÀFLDOV from Central Banks, Ministries of Finance/Development/Planning and other related institutions in macroeconomic modelling and forecasting.

CONTENT

i. Theory in macroeconomic modelling;

ii. Macroeconomic blocks;

iii. Estimation of equations in the macroeconomic blocks;

iv. Diagnosis of time series data;

v. Building a prototype model; and

vi. Other forecasting models. This course is a pre-requisite for the face-to-face course in advanced modelling and forecasting to be held later in the year.

TARGET GROUPS

This course is highly recommended for junior and mid-level staff responsible for modelling and forecasting in Central Banks, Ministries of Finance/Development/Planning and other related institutions. The course is also relevant for researchers, analysts and other individuals dealing with issues related to macroeconomic analysis, modelling, and forecasting.