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Course on Model-Based Monetary Policy Analysis and Forecasting
  • DATE:
    September 10–14, 2018, Lima, Peru.
  • Deadline registration date:
    August 10, 2018
  • CO-SPONSORS:
    CEMLA, Banco Central de Reserva del Perú, IMF.
  • CONTENT:
    At the end of the course participants will be able to 1) personalize a simple model of an economy that includes the monetary policy transmission mechanism and the shocks that economy could face; 2) acquire and apply the tools modern central banks use to perform monetary policy analysis and forecasting, employing a practical model based on Matlab; 3) perform short-term forecasting using a variety of econometric techniques; 4) use the model to elaborate medium-term quarterly forecasts consisting of key macroeconomic variables such as gdp, inflation, interest rate and exchange rate; 5) identify risks in the base forecast and elaborate medium-term forecasts for alternative scenarios which assume the risks materialize; and 6) start to build a simple model for monetary policy analysis using their own national data.
  • Objective:
    On the use of DSGE and New Keynesian models to perform monetary analysis and forecasting, with an emphasis on analyzing monetary policy responses to macroeconomic imbalances and shocks.
  • AIMED AT:
    For mid- and senior-level central bank professionals involved in monetary policy decision-making, macroeconomic analysis and forecasting, or in applying macroeconomic models. Participants should have an advanced degree in economics or equivalent experience.
  • LANGUAGE:
    English (without simultaneous interpretation).
  • COORDINATOR:
    Dr. Francisco Roch
    Deputy Manager of Monetary Research
    Email: froch@cemla.org
    Phone: +52 (55) 5061-6630
     
    MA. Julio Minchala
    Research Assistant
    Email: jminchala@cemla.org
    Phone: +52 (55) 5061 6633

 

 

 

 

 

 

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