Course Objective

Monetary policy decisions in many regions are largely based on the economic outlook. The course provides
an overview of the modelling and forecasting work performed by central bank experts in the context of the
monetary policy formulation process in the Kenya.

Course Outcome

• Understand the current macroeconomic outlook for the Kenyan economy
• Understand Analysis and forecasting of the international environment
• Inflation analysis and forecasting
• Understand Potential output and medium-term projections
• Analysis and projections of labor market and wage

Target Group

developments Mid-level central bank officials working in the area of macroeconomic analysis or projections. Participants
must have a sound grasp of macroeconomic theory, and are expected to have a good understanding of basic
econometrics and experience in the use of commonly used modelling techniques