Technical Cooperation Programme

Study visit of the Central Bank of Tunisia

Date: 18-04-2014

Two representatives from the Central Bank of Tunisia (CBT), Mr Mohamed Salim Mouha, Deputy Director of Analyses and Short-Term Forecasts Department and Mr Mehdi Bhoury, Head of Monetary and Business Analyses Division visited the Economic Institute and Regional NBP Branch Łódź on 14-18 April 2014. In Łódź our guests had an opportunity to discuss subjects regarding short-term inflation forecasting using Dynamic Factor Models and estimation of the New Keynesian Phillips curve. The social programme of the visit contained a short sightseeing tour at the NBP premises, Museum of the Factory and Izrael Poznanski Palace. Then, our guests moved to Warsaw and at the NBP Head Office continued studying using of Dynamic Factor Models for short-term GDP forecasting (lectures and practical exercises). Mr Bhoury and Mr Mouha were also interested in the NBP’s experience concerning Survey of Professional Forecasters and particularities of our approach. Together with the Economic Institute experts they drafted a questionnaire which could be used by the CBT. As a final point our guests presented current economic situation and monetary policy issues in Tunisia. They had an opportunity to discuss the most relevant problems of Tunisian economy with Mr Ryszard Kokoszyczynski, Deputy Director of the Economic Institute.

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