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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
    October 12, 2020 October 23, 2020 Singapore, Singapore ST 20.35V English Deadline passed
    October 12, 2020 October 22, 2020 Kuwait City, Kuwait CE 20.19V English Deadline passed
    December 7, 2020 December 18, 2020 Ebene, Mauritius AT 20.60V English Apply online by October 30, 2020
    January 25, 2021 February 5, 2021 Mexico City, Mexico OT 21.03V Spanish Invitation
    April 5, 2021 April 16, 2021 Ebene, Mauritius AT 21.06V English (French) Invitation
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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 - Financial Sector Surveillance (FSS)

    English, November 2-6, 2020, Vienna, Austria

    Apply online by September 20, 2020

    Virtual - Financial Development and Financial Inclusion (FDFI)

    English, November 16-27, 2020, Singapore, Singapore

    Apply online by September 21, 2020

    Virtual - Economic Issues in Regional Integration (ERI)

    English (French), October 12-23, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Fiscal Frameworks (FF)

    English (French), October 26, 2020 - November 6, 2020, Ebene, Mauritius

    Apply online by September 23, 2020

    Virtual - Financial Sector Policies (FSP)

    English (French), November 9-20, 2020, Ebene, Mauritius

    Apply online by September 25, 2020