THE ARAB MONETARY FUND IN COOPERATION WITH THE BANK OF ENGLAND ORGANIZED A COURSE ON "ECONOMETRICS" ABU DHABI - UNITED ARAB EMIRATES

by **claud39** Mon Nov 19, 2018 8:07 am

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THE ARAB MONETARY FUND IN COOPERATION WITH THE BANK OF ENGLAND ORGANIZED A COURSE ON "ECONOMETRICS" ABU DHABI - UNITED ARAB EMIRATES

THE ARAB MONETARY FUND IN COOPERATION WITH THE BANK OF ENGLAND ORGANIZED A COURSE ON "ECONOMETRICS" ABU DHABI - UNITED ARAB EMIRATES GLP_3652

2018-11-18

The "Econometrics" seminar, organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Bank of England, opened this morning in Abu Dhabi from 18-22 November 2018.

The most important of these methods is the quantitative analysis of the relations between the various economic variables, which in turn contributes more effectively to the test of economic theory in terms of the assumptions based on them and the extent of their applicability on the ground. Over the past decades, the "econometric" approach has developed significantly, which is used to study a particular phenomenon to determine its compatibility with economic theory and related economic and social variables, using mathematical and statistical models to obtain accurate analyzes and results that the researcher or decision maker can rely on Phenomenon and develop appropriate solutions. On this occasion, Dr. Abdulrahman bin Abdullah Al Humaidi, Director General and Chairman of the Fund, said:

Dear sisters and brothers

I would like to welcome all of you at the beginning of the training course on " Standard Economy " organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Bank of England, hoping that the topics of the course will enhance your technical abilities to use standard models to study economic phenomena and contribute to enriching the analytical side of the test. Different economic theories, help in policy-making and support decision-making.

Dear sisters and brothers

The most important of these methods is the quantitative analysis of the relations between the various economic variables, which in turn contributes more effectively to the test of economic theory in terms of the assumptions based on them and the extent of their applicability on the ground.

Over the past decades, the "econometric" approach has developed significantly, which is used to study a particular phenomenon to determine its compatibility with economic theory and related economic and social variables, using mathematical and statistical models to obtain accurate analyzes and results that the researcher or decision maker can rely on Phenomenon and develop appropriate solutions.

For example, if the competent authorities are to know the potential effects of monetary or fiscal policy on inflation and unemployment rates and economic growth in general, quantitative methods will be needed that provide quantitative information and values that explain the evolution of relationships between these variables so that decision makers can know the appropriate way to deal with them. With any potential economic phenomena and dependent variables to get the desired results and avoid any unexpected negative effects whenever possible.

Dear sisters and brothers

With the increasing interdependence and integration of the economies of the economy, and in light of the rapid changes in the global economy, and the economic situation that can result in the current situation and the policies taken, it is necessary to rely on accurate methods to obtain good analytical results for the status quo and future. Which has made the econometrics increasingly expanding as innovative tools through which it is an important part of economic policy-making.

One of the most important objectives of the course is to increase the efficiency in the preparation of standard models for employment in economic analysis, thus supporting decision-makers in developing more comprehensive and accurate frameworks for policies and actions taken, including the models to be covered by the following session:

CT regression models ( Cross-Sectional regression Models ).
Multivariate Time-Series Models regression models .
Structural Vector Auto-regression models .
The limited variable models ( Ltd. Dependent the Variable Models ).
Models for the use of segment data and time series simultaneously ( Panel Data ).

In conclusion, I am pleased to welcome the distinguished experts participating in the presentation of the course materials. I would like to commend the fruitful and ongoing cooperation with the Bank of England in holding such important training courses for many cadres in our Arab countries.

Best wishes for a successful course and a good stay in the city of Abu Dhabi.

Peace, mercy and blessings of God.