Training Program
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Target Audience
Mid-level to senior officials responsible for monetary policy decision making and staff doing macroeconomic analysis and forecasting or operating macroeconomic models.
Mid-level to senior officials responsible for monetary policy decision making and staff doing macroeconomic analysis and forecasting or operating macroeconomic models.

Deadline passed
Session No.: SA 21.48V
Location: New Delhi, India
Date: December 6-17, 2021 (2 weeks)
Delivery Method: Virtual Training
Primary Language: English
Participants are expected to have an advanced degree in economics or equivalent experience. It is strongly recommended that applicants have completed the Monetary Policy (MP) course or the online Monetary Policy Analysis and Forecasting (MPAFx) course. Participants are expected to be comfortable using quantitative software such as EViews and Matlab/Octave, although specific knowledge of these is not required.
This virtual course, presented by the Institute for Capacity Development, provides rigorous training on the use of simple Dynamic New Keynesian ("gap") models to conduct monetary policy analysis and forecasting. It emphasizes analysis of monetary policy responses to macroeconomic imbalances and shocks. Participants are provided with the tools necessary to develop and/or extend the benchmark model to fit their own monetary policy framework and selected features of their country's economy.
Upon completion of this course, participants should be able to:
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