## Monetary Policy (MP)

## Source details

**Canonical URL:** [Monetary Policy (MP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2025/mpce25-04)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ce/2025/mpce25-04/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ce/2025/mpce25-04/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ce/2025/mpce25-04/bundle-manifest.json)

## Bibliographic details
- Session: CE 25.04
- Location: Kuwait City, Kuwait
- Dates: January 26, 2025 - February 6, 2025 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

---

### Program logistics and target audience
- Session No.: CE 25.04
- Deadline passed
- Location: Kuwait City, Kuwait
- Date: January 26, 2025 - February 6, 2025 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- 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:
  - Expected to have an advanced degree in economics or equivalent experience.
  - Must be comfortable using Microsoft Excel and Excel-based applications.
  - Strong recommendation to 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 scope
- Presented by the Institute for Capacity Development.
- Comprehensive overview of:
  - Monetary policy regimes.
  - Monetary transmission mechanisms.
  - Role of monetary policy in macroeconomic stabilization.
- Approach:
  - Bridges theory, empirical evidence, and operational experience.
  - Illustrates optimization problems and tradeoffs in monetary policy decisions.
  - Learning moves from lectures introducing basic policy concepts to hands-on workshops.
  - Special focus on practical policy challenges in emerging market and developing economies.
  - Case studies used to reinforce understanding and compare policy responses to various shocks under different monetary policy regimes.
- Contemporary topics included:
  - Evolving nature of monetary frameworks and central bank mandates with 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 and central bank communication).
  - Recent evolution of central bank digital currencies and its implications for monetary policy transmission and operations.

### 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-specific outcomes:
  - Design a sound monetary policy framework.
  - Prescribe policies consistent with the framework chosen.

---


## 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)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2025/mpce25-04_