Economic Analysis and Forecasting with Micro-Data
The impacts of policy are often assessed by using microdata. This workshop will enable participants to learn more about building and estimating economic models based on microdata, how to manage large datasets and how to link microdata analysis with macroeconomic concepts and forecasting.
What will you learn
At this event, we will review a set of methodologies typically used in microdata analysis. We will focus our efforts into learning how to build a simple microsimulation model through a guided exercise with real data using STATA software. We will raise awareness about the possible sources of microdata, learn how to manage large datasets and discuss data quality issues. Participants will increase the technical skills to use statistical methods for the analysis of microdata and how to use them for different policy impact assessments.
In addition, several institutions and experts will present their real-life examples of methods and approaches, that they used for economic analysis or forecasting with the usage of microdata. Bank of Slovenia will present two cases, first one is presenting a quantitative assessment of supply- and demand-side drivers of loan growth in Slovenia (identification with microdata) and the second one presenting the characteristics of firms that asked for a moratorium on the repayment of loans in response to Covid-19. The National Bank of Moldova will present a case study of how microdata can be of particular use in the construction and analysis of LTV and DSTI ratios..
Who should attend
Analysts of central banks, ministries of finance, and tax administrations working or planning to work with microdata, with some knowledge of and experience in econometrics or economic modelling.
Analysts of line ministries most often benefit from using microdata or produce administrative microdata datasets (e.g. ministries of labour and social affairs, ministries of economy, tax authorities).
Faculty
This learning initiative will be delivered by:
- Mitja Čok, Professor of Public Finance, an Expert in Microsimulation Models of Tax, Social and Pension Reforms, Slovenia
- Dželila Kramer, Fiscal Policy Consultant, an Expert in Microsimulation Models of Tax, Social Contributions and Social Benefits, Bosnia and Herzegovina
- Jelena Ćirjaković, Head of Section, Financial Stability and Macroprudential Policy Department, Banka Slovenije
- Selcuk Ozsahin, Researcher at the Financial Stability and Macroprudential Policy Department, Banka Slovenije
- Marija Drenkovska, Researcher at the Financial Stability and Macroprudential Policy Department, Banka Slovenije
- Alexandru Monahov, Expert Consultant, Financial Stability Division, National Bank of Moldova
- Janez Šušteršič, CEF Associate Fellow, Professor of Economic Policy, Former Minister of Finance and Director of Institute of Macroeconomic Analysis and Development, Slovenia
Practical information
Applications need to be submitted no later than October 4 via the online application form. Candidates will first be approved by the CEF; confirmations will be sent to selected candidates by October 5.
No fee will be charged for officials in the public sector.
The workshop will be delivered in English and no translation will be provided.
Partners
This learning initiative was supported by: