English

Macroeconometric Modeling and Forecasting Using EViews (INS-CRS)

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Apply online by April 23, 2018
Course No.: IT 18.07
Location: Washington, D.C., United States
Date: July 16, 2018-July 20, 2018 (1 Week)
Language: English

Target Audience:

Officials, primarily in ministries of finance, economy, and planning, or in central banks.

Qualifications:

It is required that candidates have an advanced degree in economics, strong analytical skills, and a very good knowledge of English. Courses will be conducted in English with no interpretation.

Course Description:

Professor Robert McNown (University of Colorado Boulder)

This course covers modern time-series econometric estimation techniques, model selection, hypothesis testing, forecasting, programming, and simulation using the EViews© econometrics package. EViews offers powerful modeling capabilities that are ideally suited for time-series econometric analysis, including dynamic systems modeling and estimation, stochastic forecasting from systems of equations, and a programming language. The course will first introduce EViews’ three operating modes, which will be applied during the first day to data entry and storage, display of data, variable transformations, and basic regression analysis. Intermediate and advanced topics in time-series econometrics presented in days two through five are: (i) univariate analysis: stochastic vs. deterministic trends; (ii) formal unit root testing; (iii) autoregressive distributed lag models; (iv) vector autoregressions; (v) cointegration and vector error correction models; (vi) stochastic forecasting; and (vii) simulation programming. The pedagogic approach is fully interactive, and illustrated with international data.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.