Connect with IMF Institute
Monetary Policy

Monetary Policy (MP)

Apply online by June 7, 2024 Deadline extended

Session No.: ST 24.32

Location: Singapore, Singapore

Date: September 2-13, 2024 (2 weeks)

Delivery Method: In-person Training

Primary Language: English

Apply Now

    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. 

    Back to top

    Qualifications

    Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications.  It is strongly recommended that applicants have completed a few general macroeconomiccourses, such as Financial Programming and Policies (FPP) and Macroeconomic Diagnostic (MDS), face-to-face or online. 

    Back to top

    Course Description

    This course, 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. 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. The course recognizes the evolving nature of monetary frameworks and central bank mandates with attention to environmental, social and governance principles and recent crises that have dramatically changed the landscape in which central banks operate (beyond simple interest rate policies, with due consideration to Unconventional Monetary Policy and central bank communication). Recent evolution of central bank digital currencies and its implications for monetary policy transmission and operations are also discussed.

    Back to top

    Course Objectives

    Upon completion of this course, participants should be able to: 

    • Analyze how monetary policy decisions are made under various regimes to deliver price stability and meeting other objectives.  
    • 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.
    Back to top

    Apply Now - Application deadline approaching:

    IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

    Macroeconometric Forecasting and Analysis (MFA)

    English | July 8-19, 2024 | In-person Training | Singapore, Singapore

    Apply online by April 23, 2024

    External Debt Statistics (EDSx)

    French | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    External Debt Statistics (EDSx)

    Spanish | March 28, 2024 - May 9, 2024 | Online Training | Course conducted online

    Apply online by April 25, 2024

    Virtual: Building Institutions to Fight Corruption (BIFC)

    English (French, Portuguese) | June 3-7, 2024 | Virtual Training | Ebene, Mauritius

    Apply online by April 26, 2024

    Government Finance Statistics (GFS)

    English (French, Portuguese) | June 10-28, 2024 | Hybrid Training | Ebene, Mauritius

    Apply online by April 26, 2024