Virtual : Monetary Policy

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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.
Bridges theory, empirical evidence, and operational experience by illustrating optimization problems and tradeoffs in monetary policy decisions.
Learning moves from lectures introducing basic concepts to hands-on workshops.
Case studies are used to reinforce participant understanding and to help participants compare and assess a variety of experiences.

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.
Central bank practitioners seeking to design and prescribe monetary policy frameworks consistent with their chosen framework.

Participants are expected to have an advanced degree in economics or equivalent experience.
Participants should 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.

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 peers.
Central bank practitioners should also be able to:
- Design a sound monetary policy framework.
- Prescribe policies consistent with the framework chosen.