Virtual : Monetary Policy
Source details
- Canonical URL
- Virtual : Monetary Policy
Other formats
Bibliographic details
- Session: SA 22.10V
- Location: New Delhi, India
- Dates: March 14-25, 2022 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed
Training Program and Target Audience
- The course is a training program presented by the Institute for Capacity Development.
- 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.
- The course is an overview course with lectures, hands-on workshops, and case studies to bridge theory, empirical evidence, and operational experience.
Session logistics and delivery
- Deadline passed
- Session No.: SA 22.10 V
- Location: New Delhi, India
- Date: March 14-25, 2022 (2 weeks)
- Delivery Method: Virtual Training
- Primary Language: English
Qualifications and prerequisites
- Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications.
- Recommended prior coursework: a fewgeneral macroeconomic courses, such as Financial Programming and Policies (FPP) and the classroom or online Macroeconomic Diagnostics (MDS/MDSx) course.
Course description
- The course gives a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization.
- 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.
- The course illustrates the optimization problems and tradeoffs involved in monetary policy decisions.
Course objectives
Upon completion of the 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.