## Virtual : Monetary Policy

## Source details

**Canonical URL:** [Virtual : Monetary Policy](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2021/mpjv21-05v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2021/mpjv21-05v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2021/mpjv21-05v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2021/mpjv21-05v/bundle-manifest.json)

## Bibliographic details
- Session: JV 21.05V
- Location: Vienna, Austria
- Dates: February 1-12, 2021 (2 weeks)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed

---

### Training Program
- Presented by the Institute for Capacity Development.
- Gives a comprehensive overview of monetary policy regimes, monetary transmission mechanisms, and the role of monetary policy in macroeconomic stabilization.
- Bridges theory, empirical evidence, and operational experience by illustrating optimization problems and tradeoffs 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 participants compare and assess a variety of experiences.

### 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.
- Central bank practitioners seeking to design and prescribe monetary policy frameworks consistent with their chosen framework.

### Qualifications
- Participants are expected to have an advanced degree in economics or equivalent experience.
- Participants should be comfortable using Microsoft Excel and Excel-based applications.
- This 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 the classroom or online Macroeconomic Diagnostics (MDS/MDSx) course.

### Course Objectives
- Analyze how monetary policy decisions are made under various regimes to deliver price stability.
- 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 peers.
- Central bank practitioners should also be able to:
  - Design a sound monetary policy framework.
  - Prescribe policies consistent with the framework chosen.

---


## References

- [Virtual 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/jv/2021/mpjv21-05v_