Financial Programming and Policies-Inflation Targeting

Source details

The course is presented by the IMF's Institute for Capacity Development.
Uses the main building blocks of a standard FPP course—sector interrelations and adjustment policies—while placing significant emphasis on analytical and technical issues related to an Inflation Targeting (IT) monetary framework and the channels of monetary transmission.
Special attention is given to how central bankers following an IT strategy respond to macroeconomic disequilibria arising from domestic and external shocks, and to the attendant effects on output and inflation.
Emphasizes complementarities and coordination among policies in the context of adjustment programs.

Lectures on the main policy issues underlying adjustment programs.
Case studies on current economic issues and on the experiences of countries that have adopted an IT framework.
Series of workshops in which participants are divided into groups, under the guidance of counselors, to work on:
- Analytical and forecasting techniques for the macroeconomic sectors.
- Various specialized topics, including IT techniques.
The final part of the course is devoted to the preparation of a hypothetical adjustment program for an IT country from Latin America.

Senior officials from central banks and ministries of finance and the economy who provide advice on macroeconomic and financial policy or who are involved in policy implementation.

Applicants should have an advanced degree in economics or equivalent experience, as well as proficiency in the use of spreadsheets.