## Foundation Training for the Reserve Bank of India

## Source details

**Canonical URL:** [Foundation Training for the Reserve Bank of India](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2024/wspsa24-06)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2024/wspsa24-06/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2024/wspsa24-06/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2024/wspsa24-06/bundle-manifest.json)

## Bibliographic details
- Session: SA 24.06
- Location: Mumbai, India
- Dates: January 8-19, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English

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### Program details
- Session No.: SA 24.06
- Location: Mumbai, India
- Date: January 8-19, 2024 (2 weeks)
- Delivery Method: In-person Training
- Primary Language: English
- Qualifications: Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel and MATLAB.
- Target Audience:
  - Junior officials recently joined the Reserve Bank of India
  - Fresh graduates with adequate quantitative methods background interested in understanding and analyzing the conduct of monetary policy and its interaction with the rest of the economy

### Course description and content
- Designed for the junior officers of the Reserve Bank of India to provide a comprehensive overview of:
  - Monetary policy regimes and transmission mechanisms
  - The role of monetary policy in macroeconomic stabilization
  - Basic monetary policy models
- Bridges theory, empirical evidence, and operational experience by:
  - Illustrating optimization problems and tradeoffs in monetary policy
  - Guiding participants through basic concepts, quantitative methods, and hands-on workshops with applications of economic models
  - Presenting case studies that illustrate various experiences to reinforce understanding of basic monetary policy concepts

### Course objectives and expected competencies
- Upon completing the course, participants should be able to:
  - Analyze how monetary policy decisions are made under various regimes to deliver price stability
  - Identify and model how these decisions are transmitted to the real economy
  - Evaluate and demonstrate with quantitative methods how the economy and monetary policy respond to macroeconomic shocks under various monetary policy frameworks, illustrated through a group presentation to their peers
  - Design a sound monetary policy framework as central bank practitioners
  - Prescribe policies consistent with the framework chosen

### Additional note
- IMF offers online training to government officials and the public. Click Learn more to find our current offerings.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Supply and Use Tables and Input Output Tables](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/sutsa26-39)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)
- [Fiscal Policy Analysis (FPA)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fpaat26-20)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2024/wspsa24-06_