June 29, 2024
In early June, OGR consultant Csaba Köber supported the Bank of Zambia in enhancing their FPAS process as part of a workshop organized and financed by the Macroeconomic & Financial Management Institute of Eastern and Southern Africa (MEFMI). The workshop covered data preparation for simulation/forecasting purposes, working with closed economy and small open economy QPM models in a MATLAB/IRIS environment, and introducing different filtration techniques (univariate and model based Kalman-filter) for identifying initial conditions. We believe that the participants' strong backgrounds, active participation, and prompt responsiveness contributed to a productive and rewarding training experience.
