Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) organised a training programme on “Macroeconomic Modelling” at the National Bank of Kazakhstan on 21-22 November 2012, within the framework of OIC Central Banks Capacity Building Programme. The Course was provided by Mr. Hüseyin Çağrı Akkoyun, expert of the Central Bank of the Republic of Turkey, and attended by relevant members of the National Bank of Kazakhstan.

The training course on “Macroeconomic Modelling” covered the following areas:

• Implicit and Explicit Inflation Targeting in Turkey
• Operational Framework of Monetary Policy
• Modelling of Gross Domestic Product
• Quarterly Projection Model (QPM) for Turkey
• Simulations with QPM
• Case Study with QPM: Global Financial Crisis
• Financial Stability Concerns and New Monetary Policy Framework
• DSGE Modelling at CBRT