## Quantitative Integrated Policy Analysis: Model, Estimation, and Country Applications

## Source details

**Canonical URL:** [Quantitative Integrated Policy Analysis: Model, Estimation, and Country Applications](https://www.imf.org/en/capacity-development/training/icdtc/schedule/jv/2025/qipamjv25-39)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/jv/2025/qipamjv25-39/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/jv/2025/qipamjv25-39/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/jv/2025/qipamjv25-39/bundle-manifest.json)

## Bibliographic details
- Session: JV 25.39
- Location: Vienna, Austria
- Dates: August 11-15, 2025 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

---

### Target audience and qualifications
- Target audience:
  - Central bank economists or advanced PhD students interested in getting a good understanding of quantitative models for the Integrated Policy Framework and looking to apply it in policy or academic work.
- Qualifications:
  - Technically versatile PhD economists (or equivalent practical experience) with a strong interest in macroeconomic modelling.
  - Knowledge of programming in Matlab/Octave or similar computer programs is also very helpful.

### Session logistics
- Session No.: JV 25.39
- Location: Vienna, Austria
- Date: August 11-15, 2025 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
- Application status: Deadline passed

### Course description — scope and focus
- Provides an overview of the quantitative model for the integrated policy framework (QIPF) and shows how it can be applied to address pressing policy questions.
- Discusses the model's theoretical underpinnings and relates them to key principles of current Fund advice, focusing on:
  - monetary policy tradeoffs;
  - the design of policies mitigating macroeconomic and financial instability;
  - the application of macroprudential policy tools.
- Emphasizes the interaction between:
  - interest rate policy,
  - FX interventions,
  - capital flow measures,
  - macroprudential policy tools.
- Demonstrates how estimation can account for country-specific characteristics and how estimation outputs can be used to help interpret economic developments.
- Showcases applications where the QIPF is used to build macroeconomic and financial crisis scenarios designed to provide quantitative answers to practical policy questions.

### Learning objectives
Upon completion of the course, participants should be able to:
- Understand the basics of monetary, exchange rate, and macroprudential policies in the quantitative DSGE models.
- Understand the transmission of various policy tools in the quantitative IPF model.
- Understand how to specify and design various policy scenarios in the quantitative IPF model.
- Be able to estimate and do scenario analysis with the quantitative IPF model in Dynare.

---


## 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/jv/2025/qipamjv25-39_