From April 30 to May 11, 2018, I completed an advanced professional course on "Macroeconometric Forecasting and Analysis" at the Joint Vienna Institute (JVI) in Vienna, Austria. The program was delivered by the IMF Institute for Capacity Development.
The curriculum was designed to deepen the technical foundations of estimating macroeconometric models and their practical application for policy analysis and forecasting within central banks and state research institutes.
During the intensive program led by IMF experts and guest professors, I gained advanced proficiency in:
Vector Autoregressive Models: Unrestricted, Structural, and Bayesian VAR (VAR, SVAR, BVAR).
Vector Error Correction Models: Unrestricted, Structural, and Bayesian VECM (VECM, SVECM, BVECM).
Factor-Augmented Models: Factor-Augmented VAR (FAVAR).
Mixed-Frequency Data Modeling: MIDAS and UMIDAS specifications for real-time monitoring.
Forecasting Techniques: Constructing conditional forecasts (scenario analysis) and applying forecast combination methodologies across multiple models.
Exploring World Heritage: The Roman City of Carnuntum Lower Austria, May 2018. Visiting the archaeological remains of the ancient Roman legionary fortress and civilian city.
During my professional stay in Austria, I had the opportunity to visit the magnificent Schloss Hof, an architectural masterpiece of the Habsburg era.
Prince Eugene of Savoy: Established in the late 1720s as a hunting lodge and country residence for one of the most successful military commanders and statesmen in European history, Generalissimo Prince Eugene of Savoy.
Imperial Legacy: In 1755, the estate was acquired by Empress Maria Theresa and Emperor Francis I Stephen, becoming a prominent part of the Imperial Habsburg holdings.
The complex is a stunning example of Baroque design, featuring a grand princely palace, meticulously designed terraced gardens, and elaborate fountains that reflect the sophistication of 18th-century European court life.