Submit a Post Course on Monetary Policy Analysis and Forecasting by International Monetary Fund [Online, 6 Weeks]: Enroll Now - Noticebard

Course on Monetary Policy Analysis and Forecasting by International Monetary Fund [Online, 6 Weeks]: Enroll Now

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About the Course

This online course, presented by the IMF’s Institute for Capacity Development, introduces participants to quarterly projection macroeconomic models developed as a core of FPAS (Forecasting and Policy Analysis Systems) and how to implement the key canonical quarterly projection model (QPM) equations in macroeconomic modelling software.

This course uses detailed country data highlighting an inflation-targeting central bank, for hands-on filtration and calibration exercises.

The course covers two main technical aspects:

  • introduction to a canonical New Keynesian model structure and its key properties; and
  • implementation of the QPM in Matlab/Octave and the application of IRIS toolbox for solving and maintaining the QPM.
What you’ll learn?

Upon completion of this course, participants should be able to:

  • Explain the key building blocks of a canonical semi-structural QPM.
  • Interpret the key model equations from a macroeconomic point of view.
  • Implement a simple QPM using a specialized software for macroeconomic modelling.
  • Distinguish the key elements of a QPM in a state-space form (i.e. shocks, observable and unobservable variables, measurement and transition equations, steady-state parameters, equation coefficients).
  • Identify necessary codes for data transformation, filtration and evaluation of the QPM properties.
  • Apply the basic IRIS Toolbox functions for solving the model.
  • Create output reports using model codes.
  • Develop a basic calibration of the QPM.
Duration

6 Weeks (8-10 hours per week)

Fee

FREE, Add a Verified Certificate for ₹1,870

To enroll in this course, click the link below.

Course on Monetary Policy Analysis and Forecasting 

Note: Noticebard is associated with Edx through an affiliate programme.

Disclaimer : We try to ensure that the information we post on Noticebard.com is accurate. However, despite our best efforts, some of the content may contain errors. You can trust us, but please conduct your own checks too.

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