Course details
Target Audience:
This special offering of the MFx is conducted as a Massive Open Online Course (MOOC). It is open to all audiences. Participation is free of charge, and there are no limits on the number of participants per country or agency. All government officials are welcome to apply. The course is particularly well-suited for officials involved in developing forecasts that are used in the design and implementation of macroeconomic policy.
Requirements/Qualifications:
Access to a computer with a reliable Internet connection with Google Chrome web browser is essential. Participants should be comfortable using software for econometric applications such as EViews. (Temporary licenses for EViews will be made available.)
Course Description:
This seven-week course, presented by the IMF's Institute for Capacity Development, aims to strengthen participants' macroeconomic forecasting and modeling skills through the application of standard statistical techniques. Lectures are designed to include a discussion of underlying theory and demonstrations of how to conduct empirical analyses using EViews. The course focuses on five aspects of empirical model building and forecasting: - data and model properties, including stationarity, non-stationarity and co-integration; - dynamic specification, including the use of error correction models; - model evaluation and model design; - forecast uncertainty, forecasting for policy, and policy analysis; and - combination forecasts. Participants apply the techniques to datasets to estimate models, evaluate them, and produce forecasts. The expected workload is 6-8 hours a week.
Updated on 08 November, 2015About IMF Institute
The IMF Institute for Capacity Development (ICD) organizes courses for officials from Arab League member countries at the CEF in Kuwait. The CEF's activities are generously sponsored and funded by the Government of Kuwait. The primary purpose of the CEF is to strengthen the skills of officials from Arab League countries in economic analysis and diagnosis, and in formulating and implementing effective economic and financial policies. The IMF will be the principal training provider for the CEF in the area macroeconomic management. Training outside the core areas of expertise of the IMF will be delivered by other organizations, such as, the World Bank, WTO, and OECD. Furthermore, and in line with the CEF's objective to collaborate closely with regional institutions, the CEF started recently to conduct some joint training courses with the Arab Monetary Fund in Abu Dhabi. Courses are offered generally in Arabic or in English with interpretation into Arabic.
Selection Process:
Courses are by invitation only. Candidates are nominated by government agencies upon the request of the CEF.Observer Policy: The Institute for Capacity Development's policy for participation by IMF local staff and officials from non-program advanced economies in our regional training centers is that they will be given "Observer" status since these centers are run with the assistance of donor financing. Attending as an Observer provides the same access to course content and activities, but all associated costs (accommodation, travel and per diem) need to be covered by the sponsoring institution.
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