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Monetary Policy Analysis and Forecasting

Learn about the macroeconomic motivation of the quarterly projection model (QPM), its key properties, model calibration, data filtration, and how to implement the QPM in MATLAB software in order to learn and understand practical model building and model operation as it is usually done in central banks.

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Monetary Policy Analysis and Forecasting

Learn about the macroeconomic motivation of the quarterly projection model (QPM), its key properties, model calibration, data filtration, and how to implement the QPM in MATLAB software in order to learn and understand practical model building and model operation as it is usually done in central banks.

Estimated 6 weeks
4–5 horas por semana
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Hay una sesión disponible:

¡Ya se inscribieron 13,222! Una vez finalizada la sesión del curso, será archivadoAbre en una pestaña nueva.
Comienza el 18 may
Termina el 31 ago
Inscríbete
Monetary Policy Analysis and Forecasting

Sobre este curso

Omitir Sobre este curso

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 a macroeconomic modeling 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.

In partnership with MathWorks, enrolled students have access to MATLAB for the duration of the course.

Monetary Policy Analysis and Forecasting is offered by the IMF with financial support from the Government of Japan.

De un vistazo

  • Idioma: English
  • Transcripción de video: English

Lo que aprenderás

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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.

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Formas de realizar este curso

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Modalidad verificada
Modalidad de auditoría

Costo

25 US$

Gratis

Acceso a los materiales del curso

Ilimitado

Limitado

Caduca el 29 jun

Instituciones y universidades de primera categoría

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Certificado para compartir al finalizar

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