Introduction
Mission Statement
To provide actionable insights for relevant stakeholders that drives informed decision-making and contribute to the economic growth and development.
Vision Statement
Our vision is to serve as an experimental hub for cutting-edge research for macroeconomy and fostering innovation in the field of fiscal and monetary policies. By leveraging experimental methodologies, and data-driven approaches, we aim to provide valuable insights into the complex dynamics of macroeconomy issues. Our vision is to drive evidence-based policy recommendations, contributing to the formulation of effective fiscal and monetary policies that promote economic stability, sustainable growth, and economic welfare for Pakistan.
Motto
Objectives
- Establishing strategic partnerships with key institutions involved in Pakistan’s macro economy, including the Ministry of Finance, Federal Board of Revenue (FBR), Provincial Revenue Authorities (PRAs), State Bank of Pakistan (SBP), Ministry of Planning, Development & Special Initiatives (MOPD&SI), and others.
- Developing robust macroeconomic empirical frameworks encompassing Macro econometric Models, Dynamic Stochastic General Equilibrium (DSGE) models, and Computable General Equilibrium (CGE) models, to forecast economic performance and evaluate the impact of government policy initiatives on various economic variables.
- Conducting cutting-edge, indigenous research on critical macroeconomic issues such as inflation, growth, fiscal sustainability, debt sustainability, investment gaps, tax policies, expenditure management, balance of payments (BoP), and other key areas to generate valuable insights and contribute to evidence-based policy formulation.
- Regularly publishing analytical reports providing comprehensive economic analysis and grounded commentary on government publications and policies, including fiscal policy statements, budgets, monetary policy statements, and other relevant documents.
- Facilitating the establishment of regional and academic networks to foster awareness, encourage informed debates, and promote a culture of consensus-building in macroeconomic policies. This includes collaborating with regional partners and academic institutions to exchange knowledge, share best practices, and enhance policy-making processes for sustainable economic development
Goals
- Innovate Policy Research: Drive innovation in policy research by leveraging advanced methodologies, modern data analytic techniques, and emerging technologies to explore new avenues for understanding and addressing economic challenges.
- Influence Policy Discourse: Establish MacroPolicy Lab as a reputable and influential platform that contributes to national and international policy discussions, shaping the discourse around fiscal and monetary policies.
- Policy Impact: Measure the impact of policy interventions, evaluating their effectiveness, efficiency, and societal implications to facilitate informed decision-making and continuous policy improvement.
- Public Awareness and Engagement: Increase public awareness and engagement by effectively communicating research findings, policy insights, and their implications through accessible and engaging channels.
- Thought Leadership: Position MacroPolicy Lab as a thought leader in the field of fiscal and monetary policies, fostering a culture of intellectual rigor, critical thinking, and innovation in policy research and analysis.
Future
- MacroPolicyLab will continue to expand its research scope, exploring new areas within fiscal and monetary policies and other macroeconomic indicators to address emerging economic challenges and opportunities.
- The lab will embrace technological advancements, such as data analytics, machine learning, and artificial intelligence, to enhance research capabilities and generate deeper insights into economic dynamics.
- MacroPolicyLab will continue to produce research by deskwork and field work, survey and secondary data based research, actively disseminate research findings, insights, and policy recommendations through various channels, including publications, conferences, workshops, and online platforms, to reach a broader audience and promote informed decision-making.
- The lab aims to gain international recognition as a center of excellence in fiscal and monetary policy research, attracting collaborations, funding, and partnerships with renowned global institutions, further elevating its impact and reach.
Introduction
MacroPolicy Lab, a unit of the Pakistan Institute of Development Economics (PIDE), is a specialized research facility dedicated to macroeconomic research and providing evidence for better policy formulation. In today’s rapidly shifting economic landscape, the need for a dedicated setup like the MacroPolicyLab has become increasingly apparent. Under the overall umbrella of par excellence conducted by PIDE, MacroPolicy Lab is striving to serve as a dynamic economics laboratory for generating evidence based on experimentation and analysis, where experts dig deep into the intricate dynamics of macroeconomic policies and proposing solutions for a better economic future.
We aim to establish strategic partnerships, develop robust empirical frameworks and models, publish analytical reports, and facilitate regional collaborations, while the lab meets critical need for evidence required for policy formulation. It ensures informed decision-making, fosters awareness, encourages debates, and promotes a culture of consensus-building in macroeconomic policies. The lab’s expertise and efforts contribute to influence effective management of inflation, achieve sustainable growth, fiscal and debt sustainability, taxation and expenditure management, bridging investment gaps, solving balance of payments crises, and other crucial areas of macroeconomy, ultimately leading to a path of prosperity, stable economic development, enhanced well-being of society and beyond.
Mission Statement
To provide actionable insights for relevant stakeholders that drives informed decision-making and contribute to the economic growth and development.
Vision Statement
Our vision is to serve as an experimental hub for cutting-edge research for macroeconomy and fostering innovation in the field of fiscal and monetary policies. By leveraging experimental methodologies, and data-driven approaches, we aim to provide valuable insights into the complex dynamics of macroeconomy issues. Our vision is to drive evidence-based policy recommendations, contributing to the formulation of effective fiscal and monetary policies that promote economic stability, sustainable growth, and economic welfare for Pakistan.
Motto
- Enriching Policies by Evidence, Driving Prosperity
- Enriching Decisions for Economic Prosperity
Objectives
- Establishing strategic partnerships with key institutions involved in Pakistan’s macro economy, including the Ministry of Finance, Federal Board of Revenue (FBR), Provincial Revenue Authorities (PRAs), State Bank of Pakistan (SBP), Ministry of Planning, Development & Special Initiatives (MOPD&SI), and others.
- Developing robust macroeconomic empirical frameworks encompassing Macro econometric Models, Dynamic Stochastic General Equilibrium (DSGE) models, and Computable General Equilibrium (CGE) models, to forecast economic performance and evaluate the impact of government policy initiatives on various economic variables.
- Conducting cutting-edge, indigenous research on critical macroeconomic issues such as inflation, growth, fiscal sustainability, debt sustainability, investment gaps, tax policies, expenditure management, balance of payments (BoP), and other key areas to generate valuable insights and contribute to evidence-based policy formulation.
- Regularly publishing analytical reports providing comprehensive economic analysis and grounded commentary on government publications and policies, including fiscal policy statements, budgets, monetary policy statements, and other relevant documents.
- Facilitating the establishment of regional and academic networks to foster awareness, encourage informed debates, and promote a culture of consensus-building in macroeconomic policies. This includes collaborating with regional partners and academic institutions to exchange knowledge, share best practices, and enhance policy-making processes for sustainable economic development
Goals
- Innovate Policy Research: Drive innovation in policy research by leveraging advanced methodologies, modern data analytic techniques, and emerging technologies to explore new avenues for understanding and addressing economic challenges.
- Influence Policy Discourse: Establish MacroPolicy Lab as a reputable and influential platform that contributes to national and international policy discussions, shaping the discourse around fiscal and monetary policies.
- Policy Impact: Measure the impact of policy interventions, evaluating their effectiveness, efficiency, and societal implications to facilitate informed decision-making and continuous policy improvement.
- Public Awareness and Engagement: Increase public awareness and engagement by effectively communicating research findings, policy insights, and their implications through accessible and engaging channels.
- Thought Leadership: Position MacroPolicy Lab as a thought leader in the field of fiscal and monetary policies, fostering a culture of intellectual rigor, critical thinking, and innovation in policy research and analysis.
Future
The future of MacroPolicyLab is promising where it holds great potential for growth and impact. Here are some key aspects of its future:
- MacroPolicyLab will continue to expand its research scope, exploring new areas within fiscal and monetary policies and other macroeconomic indicators to address emerging economic challenges and opportunities.
- The lab will embrace technological advancements, such as data analytics, machine learning, and artificial intelligence, to enhance research capabilities and generate deeper insights into economic dynamics.
- MacroPolicyLab will continue to produce research by deskwork and field work, survey and secondary data based research, actively disseminate research findings, insights, and policy recommendations through various channels, including publications, conferences, workshops, and online platforms, to reach a broader audience and promote informed decision-making.
- The lab aims to gain international recognition as a center of excellence in fiscal and monetary policy research, attracting collaborations, funding, and partnerships with renowned global institutions, further elevating its impact and reach.
MacroPolicyLab’s aims to be the mentor place for other related institutes in Pakistan, emphasizing a commitment to top-notch research, impactful policy influence, effective collaboration, and widespread knowledge sharing, all aimed at driving forward the development of fiscal and monetary policies.