Forecasting and Economic Modeling for Central Banks

Accurate economic forecasting and robust structural modeling are the indispensable foundations for effective central bank decision-making, particularly in monetary policy. This course is designed to provide a comprehensive, hands-on understanding of the state-of-the-art techniques central banks use to project key macroeconomic variables like inflation, GDP, and interest rates. Participants will engage with various modeling frameworks, from simple Time Series models to complex Dynamic Stochastic General Equilibrium (**DSGE**) models, and learn the practical challenges of integrating judgment and real-time data into the forecasting process. The goal is to produce skilled practitioners capable of generating policy-relevant forecasts and scenario analyses.