Econometrics for Macroeconomists Using Stata (INS-CRS)

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Apply online by August 05, 2019
Course No.: IT 19.11
Location: Washington, D.C., United States
Date: October 28, 2019-November 1, 2019 (1 Week)
Language: English

Target Audience:

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


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 Christopher F. Baum (Boston College)

This course focuses on the use of the Stata statistical programming language for applied macroeconomic research. Emphasis is placed on participants’ ability to program Stata to efficiently produce research results in a scripted environment. Recently added Stata features such as macroeconomic model forecasts, factor variables, and the computation and graphing of marginal effects will be discussed. An overview familiarizes participants with the unique features of the Stata environment. Econometric topics to be covered include regression, instrumental variables/GMM, nonlinear least squares, panel data estimation, and ARMAX, VAR and VECM time-series models. The last session will highlight the potential for automation of repetitive processes for publication-quality report and graphics production and the use of “wrapper routines” to produce estimation and forecasting results.

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.