{
  "title": "Monetary Policy (MP)",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2024/mpjv24-09",
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  "summary": "Monetary Policy Training Program 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.",
  "publishDate": "2024-05-16",
  "sections": [
    {
      "heading": "Program overview and logistics",
      "content": "- Training Program: Monetary Policy\n- Session No.: JV 24.09\n- Location: Vienna, Austria\n- Date: April 8-19, 2024 (2 weeks)\n- Delivery Method: In-person Training\n- Primary Language: English\n- Deadline status: Deadline passed"
    },
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - 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.\n- Qualifications:\n  - Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and Excel-based applications.\n  - 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.\n- Central bank practitioner outcomes:\n  - Design a sound monetary policy framework.\n  - Prescribe policies consistent with the framework chosen."
    },
    {
      "heading": "Course description and content focus",
      "content": "- The course, presented by the Institute for Capacity Development, provides a comprehensive overview of:\n  - Monetary policy regimes.\n  - Monetary transmission mechanisms.\n  - The role of monetary policy in macroeconomic stabilization.\n- Pedagogical approach:\n  - Bridges theory, empirical evidence, and operational experience.\n  - Moves from lectures introducing basic policy concepts to hands-on workshops focused on practical policy challenges in emerging market and developing economies.\n  - Uses case studies to reinforce understanding and to compare and assess policy responses to various shocks under different monetary policy regimes.\n- Specific topical emphases:\n  - Optimization problems and tradeoffs involved in monetary policy decisions.\n  - Evolving nature of monetary frameworks and central bank mandates with attention to environmental, social and governance principles.\n  - 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).\n  - Recent evolution of central bank digital currencies and its implications for monetary policy transmission and operations."
    },
    {
      "heading": "Course objectives",
      "content": "- Upon completion, participants should be able to:\n  - Analyze how monetary policy decisions are made under various regimes to deliver price stability and meeting other objectives.\n  - Identify how these decisions are transmitted to the real economy.\n  - Evaluate how the economy and monetary policy respond to macroeconomic shocks under various monetary policy frameworks, demonstrated through a group presentation to their peers."
    }
  ],
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    "Training Program: Monetary Policy",
    "Session No.: JV 24.09",
    "Location: Vienna, Austria",
    "Date: April 8-19, 2024 (2 weeks)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Deadline status: Deadline passed",
    "Target Audience:",
    "Qualifications:",
    "Central bank practitioner outcomes:",
    "The course, presented by the Institute for Capacity Development, provides a comprehensive overview of:",
    "Pedagogical approach:",
    "Specific topical emphases:",
    "Upon completion, participants should be able to:"
  ],
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  "generatedAtUtc": "2026-09-29T17:18:05.397Z"
}