OGR provided technical assistance to the Bank of Zambia


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.