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Monetary Policy (MP)

Monetary Policy

This course, presented by the Institute for Capacity Development, gives a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization. The course bridges the gap between theory, empirical evidence, and operational experience by illustrating the optimization problems and tradeoffs involved in monetary policy decisions. The learning process moves from lectures introducing the basic concepts to hands-on workshops. Case studies are used to reinforce participant understanding and to help them compare and assess a variety of experiences.

Read More Topic : Monetary Exchange Rate and Capital Account Policies

    Target Audience

    Junior to mid-level officials from emerging markets and low-income countries interested in understanding and analyzing the conduct of monetary policy and its interaction with the rest of the economy.

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    Qualifications

    Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications. This is an overview course. It is strongly recommended that applicants have completed a few general macroeconomic courses, such as Financial Programming and Policies (FPP) and the classroom or online Macroeconomic Diagnostics (MDS/MDSx) course.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Analyze how monetary policy decisions are made under various regimes to deliver price stability.
    • Identify how these decisions are transmitted to the real economy.
    • Evaluate how the economy and monetary policy respond to macroeconomic shocks under various monetary policy frameworks, demonstrated through a group presentation to their peers.

    Central bank practitioners should also be able to:

    • Design a sound monetary policy framework.
    • Prescribe policies consistent with the framework chosen.
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    Syllabus

    This is an overview two-week policy course focusing on monetary policy frameworks, monetary transmission mechanism and the role of monetary policy in macroeconomic stabilization. The course bridges the gap between theory, empirical evidence, and operational experience, by conveying monetary policy decisions in light of existing tradeoffs. The learning progresses from lectures introducing the underlying concepts to hands-on workshops, and relevant case studies used to reinforce participants’ understanding. By the end of the course participants will be able to (i) analyze how monetary policy decisions are taken under various regimes to deliver price stability, (ii) identify how these decisions are transmitted to the real economy, and (iii) evaluate how the economy and monetary policy respond to macroeconomic shocks under various monetary policy frameworks.
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    Upcoming Offering

    Start date End date Location Session No. Primary & (Interpretation) language Apply
    August 30, 2021 September 10, 2021 Ebene, Mauritius AT 21.24V English (French, Portuguese) Apply online by July 23, 2021
    September 20, 2021 October 1, 2021 Singapore, Singapore ST 21.21V English Apply online by July 26, 2021
    November 29, 2021 December 9, 2021 Kuwait City, Kuwait CE 21.14V English Apply online by October 22, 2021
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    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and public. Click Learn more to find our current offerings.

    Virtual : Fiscal Frameworks (FF)

    English, August 2-13, 2021, New Delhi, India

    Apply online by July 23, 2021

    Virtual : Monetary Policy (MP)

    English (French, Portuguese), August 30, 2021 - September 10, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Virtual : External Debt Statistics

    French (English, Portuguese), July 19-23, 2021, Ebene, Mauritius

    Apply online by July 23, 2021

    Foundations of Central Bank Law (FCBLx)

    English, May 1, 2021 - August 31, 2021, Course conducted online

    Apply online by July 24, 2021

    Virtual : Monetary Policy (MP)

    English, September 20, 2021 - October 1, 2021, Singapore, Singapore

    Apply online by July 26, 2021