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Terms of reference for African Global Macroeconometric Model

Brief Description of the assignment: African Global Macroeconometric Model

Department making the request: EDRE/EDRE.2 Place of assignment: TUNIS

Period of assignment: October to March 2013 Expected start date of the assignment: 01 October 2012 Last date for expressing interest: 26 September 2012

Expression of interest to be submitted to: j.kone@afdb.org & d.gurara@afdb.org Any questions/ clarifications needed to be addressed to: d.gurara@afdb.org

Terms of reference for -------African Global Macroeconometric Model----------

1. Background

The Development Research Department of the African Development Bank has built a global macroeconometric model for Africa- AFRIMOD. The model is capable of forecasting and simulating major macroeconomic outcomes that may arise from Africa’s interaction with global economic actors such as the OECD and Emerging Economies of China, India and Brazil. The model helps to highlight the impact of global economic shocks on major African, macro, finance and trade aggregates. The AFRIMOD team maintains the model, update the database, run multiple forecasts and simulations, and produce analytical reports based on the model results.

The Development Research Department intends to hire four junior consultants to join the AFRIMOD team to undertake a range of activities. The Consultant will have had some experience in similar research projects. He/she will have a good command of English and a working knowledge of other language/s.

2. Objective and activities of the Assignment

The consultant will undertake the following tasks:

(i) Constructing and calibrating large scale structural macroeconometric model and DSGE models

(ii) Carrying out simulations and forecasts based on structural macroeconometric model and DSGE models

(iii) Assist in data analysis.

(iv) Present information and data in tabular or graphical form.

(v) Contribute to the preparation of knowledge products.

(vi) Undertake any other administrative tasks required to facilitate the project.


3. Management/supervision of the consultancy

The Consultant will work independently, under the overall guidance of the Manager – Networking and Research Partnerships Division (EDRE.2), Development Research Department and the immediate supervision of the Task Manager for this undertaking.

4. Duration of the Assignment


The consultant will work on a fulltime basis for a period of six months, from 1st October 2012 to

31st March 2013.

5. Required Qualification and Experience

· A Master’s degree or above in economics or related fields is required.

· Solid knowledge of

§ macroeconomics theory, macroeconomic modeling such as DSGE and structural macroeconometric models

§ Bayesian VAR modeling

§ Familiarity with Matlab (Dynar) and/or R to estimate Bayesian VAR models

§ Construction and calibration of large scale structural macroeconometric models in Eviews, TROLL or any other relevant software

§ carrying out simulations and forecasts based on structural macroeconometric model using Eviews, TROLL or any other relevant software

· English and French are the working languages of the African Development Bank. For this assignment a good command of English (oral and written) is required. Knowledge of other language is an advantage.

· Working experience in a similar multilateral institution or any other institution engaged in research activities.

· Be a national of one of the member countries of the Bank

· Be under 32 years of age.


6. Remuneration for the Assignment

The Consultant will be paid a monthly lump sum for the entire period commensurate with the number of years of experience. He/she will be based at the Bank’s Temporary Relocation Agency in Tunis, Tunisia.