## Monetary Policy (MP)

## Source details

**Canonical URL:** [Monetary Policy (MP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mpce24-12)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2024/mpce24-12/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2024/mpce24-12/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2024/mpce24-12/bundle-manifest.json)

## Bibliographic details
- Session: CE 24.12
- Location: Kuwait City, Kuwait
- Dates: February 4-7, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Overview and Logistics
- Training Program: Monetary Policy
- Session No.: CE 24.12
- Location: Kuwait City, Kuwait
- Date: February 4-7, 2024 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Status: Deadline passed

### Target Audience and Qualifications
- 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.
- Qualifications:
  - Participants are expected to have an advanced degree in economics or equivalent experience.
  - Comfortable using Microsoft Excel and Excel-based applications.
  - Course 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 Macroeconomic Diagnostic (MDS), face-to-face or online.

### Course Description and Content
- Purpose:
  - Presented by the Institute for Capacity Development, the course gives a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization.
- Approach:
  - Bridges theory, empirical evidence, and operational experience by illustrating optimization problems and tradeoffs involved 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 compare and assess a variety of experiences.
- Topics and emphasis:
  - Monetary frameworks and central bank mandates, including attention to environmental, social and governance principles.
  - 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).
  - Recent evolution of FinTech and digital currencies and implications to monetary policy.

### Course Objectives and Practitioner Outcomes
- Upon completion, 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 practitioner objectives:
  - Design a sound monetary policy framework.
  - Prescribe policies consistent with the framework chosen.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mpce24-12_