Training Program

Junior to mid-level officials GCC countries interested in understanding and analyzing the conduct of monetary policy and its interaction with the rest of the economy.

Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications.

This workshop, presented by the Institute for Capacity Development, provides a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization with a special emphasis on the GCC region. 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 policy concepts to hands-on workshops with a special focus on practical policy challenges in emerging market and developing economies. Case studies are used to reinforce participants' understanding and to help them compare and assess policy responses to various shocks under different monetary policy regimes.