Advanced Monetary Policy Analysis
Master monetary policy forecasting using QPM models and MATLAB. Learn model building and analysis for central banking.
Course Cost
₹ 2,130
Advanced
Skill Level
6 Weeks
Self-paced lessons
This comprehensive course introduces the Quarterly Projection Model (QPM) for monetary policy analysis and forecasting. Students learn to implement key canonical QPM equations using MATLAB/Octave and IRIS toolbox. The course covers New Keynesian model structures and their properties, focusing on practical applications for inflation-targeting central banks. Through hands-on exercises, participants master data filtration, model calibration, and implementation techniques used in central banking.
What you'll learn
Understand key building blocks of canonical semi-structural QPM
Implement QPM using specialized macroeconomic modeling software
Master state-space form elements of QPM models
Apply IRIS Toolbox functions for model solutions
Develop basic QPM calibration skills
Create comprehensive model output reports
Interpret key model equations from macroeconomic perspective
Perform data transformation and model evaluation
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
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Module Description
This course focuses on advanced monetary policy analysis and forecasting techniques using the Quarterly Projection Model (QPM). Students learn to implement and analyze macroeconomic models used by central banks, covering both theoretical frameworks and practical applications. The curriculum includes hands-on experience with MATLAB/Octave and IRIS toolbox, enabling participants to develop, calibrate, and maintain QPM models. Special emphasis is placed on data filtration, model properties, and creating comprehensive output reports.
Fee Structure
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Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
Frequently asked Questions
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