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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
    CEMLA, Banco Central de Reserva del Perú, IMF.
    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.
    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.
    English (without simultaneous interpretation).
    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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