This paper considers the problem of forecasting under continuous and discrete structural
breaks and proposes weighting observations to obtain optimal forecasts in the MSFE sense. …

We extend a modern practical Quarterly Projection Model to study credit cycle dynamics
and risks, focusing on macrofinancial linkages and the role of macroprudential policy in …

National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based
policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is …

This paper takes stock of forecasting and policy analysis system capacity development (FPAS
CD), drawing extensively on the experience and lessons learned from developing FPAS …

Belarus experienced a sequence of currency crises during 2009-2014. Our empirical results,
based on a structural econometric model, suggest that the activist wage policy and …

Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a
small structural model at the core of the forecasting and policy analysis system. A well-…

1. Background and Purpose A forecasting and policy analysis system (FPAS) is a system of
tools and related processes designed to support forward-looking monetary policy formulation …

Climate change is among humanity’s greatest challenges, and the Middle East and Central
Asia region is on the frontlines of its human, economic, and physical ramifications. Much of …

This paper considers the problem of forecasting under continuous and discrete structural
breaks and proposes weighting observations to obtain optimal forecasts in the MSFE sense. …

This paper discusses and analyzes various international mechanisms to scale up global
action on climate mitigation and address the policy gap in this area. Despite the new …