{
  "title": "Monetary Policy Implementation Tools",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mpitce24-22",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2024/mpitce24-22",
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  "summary": "Back to top Qualifications Participants with experience in central bank operations, financial markets, and basic knowledge of quantitative methods.",
  "publishDate": "2024-11-27",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience: Mid-level to senior central bank officials interested in market operations and monetary policy strategy.\n- Qualifications: Participants with experience in central bank operations, financial markets, and basic knowledge of quantitative methods."
    },
    {
      "heading": "Course logistics and identifiers",
      "content": "- Session No.: CE 24.22\n- Location: Kuwait City, Kuwait\n- Date: October 20-24, 2024 (1 week)\n- Delivery Method: In-person Training\n- Primary Language: English\n- Interpretation Language: Arabic"
    },
    {
      "heading": "Course description — domestic liquidity forecasting",
      "content": "- The course presents how to use advanced forecasting techniques to estimate autonomous factors of the central bank balance sheet.\n- Objective: improve the calibration of the monetary policy liquidity operations, rightsizing the reserve requirement, and/or publishing liquidity information for the market.\n- Curriculum elements:\n  - Incorporates recent advances in forecasting literature and international best practices.\n  - Back-tests different forecasting models with various degrees of complexity.\n  - Provides guidance to implement the most suitable model.\n  - Faculty will deliver the software infrastructure (open source) so that the authorities can easily apply the model to their day-to-day work."
    },
    {
      "heading": "Course description — foreign exchange intervention rules",
      "content": "- The course presents methods to estimate and implement foreign exchange intervention rules based on a risk approach.\n- Applicable techniques:\n  - For central banks operating a flexible exchange rate arrangement, intervening on the foreign exchange market with financial and price stability objectives.\n  - For central banks transitioning from a fixed exchange rate arrangement to a floating exchange rate arrangement.\n- The course covers the theoretical background for risk-based FX interventions, as explained in the IMF Working Paper No. 21/32 (Lafarguette and Veyrune 2021)."
    },
    {
      "heading": "Course objectives",
      "content": "- Use the advanced models for domestic liquidity forecasting in their day-to-day work.\n- Implement an FX risk model that can be used for intervening on the FX markets via a risk-optimal approach."
    }
  ],
  "bullets": [
    "Target Audience: Mid-level to senior central bank officials interested in market operations and monetary policy strategy.",
    "Qualifications: Participants with experience in central bank operations, financial markets, and basic knowledge of quantitative methods.",
    "Session No.: CE 24.22",
    "Location: Kuwait City, Kuwait",
    "Date: October 20-24, 2024 (1 week)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Interpretation Language: Arabic",
    "The course presents how to use advanced forecasting techniques to estimate autonomous factors of the central bank balance sheet.",
    "Objective: improve the calibration of the monetary policy liquidity operations, rightsizing the reserve requirement, and/or publishing liquidity information for the market.",
    "Curriculum elements:",
    "The course presents methods to estimate and implement foreign exchange intervention rules based on a risk approach.",
    "Applicable techniques:",
    "The course covers the theoretical background for risk-based FX interventions, as explained in the IMF Working Paper No. 21/32 (Lafarguette and Veyrune 2021).",
    "Use the advanced models for domestic liquidity forecasting in their day-to-day work.",
    "Implement an FX risk model that can be used for intervening on the FX markets via a risk-optimal approach."
  ],
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  },
  "generatedAtUtc": "2026-09-29T16:59:27.133Z"
}