0:00 - Development of New Macroeconomic Framework
1:24 - Training World-Class Economists
9:21 - Advanced Technological Solutions (Python, DynareJulia, R, Highcharts)

#EconomicForecasting #EconomicAnalysis #EconomicOutlook #python #julia #dynarejulia #highcharts


🌟 Pioneering journey behind the development of a new monetary policy framework framework, FPAS Mark II initiated by Central Bank of Armenia (CBA), and a cadre of global experts including Douglas Laxton, David Archer, Larry Summers, Charles Goodhart and others. This video encapsulates key moments from our symposium in January, marking the official launch of a meticulously crafted approach to systematic risk management in monetary policy.

📈 Starting from a foundational paper introduced in October 2022, CBA team, in collaboration with the Better Policy Project, engaged in extensive dialogue and analysis, gathering valuable insights from economists and policymakers worldwide. This ongoing collaboration culminated in the first comprehensive FPAS Mark II monetary policy report of the year, released in March 2024:
https://www.cba.am/EN/pperiodicals/MP...

🏐 In the video, we discuss deployment of small, agile teams within central banks and other policymaking institutions, mirroring a volleyball team's dynamic—capable of switching from offence to defence seamlessly. This analogy underscores our framework's emphasis on flexibility and continuous learning in policy development.

🔍 We also demonstrate technical aspects of our work, including our use of Highcharts for impactful economic visualizations and the integration of sophisticated modeling tools like Julia and Python. These technologies support our cutting-edge analytical processes, preparing us for future economic challenges.

📊 Join us to explore how this new framework is not just reshaping monetary policy but also setting new standards for economic analysis and governance. Perfect for economists, policymakers, and anyone keen on the evolution of economic frameworks.


👉 Want to get access to some of the lectures from our exclusive summer school? Send an e-mail to [email protected] to be kept in the loop:
https://www.thebetterpolicyproject.or...


Contact us to learn more:
https://www.thebetterpolicyproject.org

Or send us an email:
[email protected]

Check out The Better Policy Project's website for more on macro modeling and central banking:
https://www.thebetterpolicyproject.org/

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