Training Program

Junior officials recently joined the Reserve Bank of India, fresh graduates with adequate quantitative methods background and 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 MATLAB.

This course is designed for the junior officers of the Reserve Bank of India. It gives a comprehensive overview of monetary policy regimes and transmission mechanisms, the role of monetary policy in macroeconomic stabilization, and the basic monetary policy models. The course bridges the gap between theory, empirical evidence, and operational experience by illustrating optimization problems and tradeoffs in monetary policy. The agenda guides the audience through the basic concepts, quantitative methods and the hands-on workshops with applications of the economic models. Case studies presenting various experiences will further help participants to understand the basic concepts of monetary policy.