## Monetary Policy (MP)

## Source details

**Canonical URL:** [Monetary Policy (MP)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/mpst24-32)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/st/2024/mpst24-32/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/st/2024/mpst24-32/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/st/2024/mpst24-32/bundle-manifest.json)

## Bibliographic details
- Session: ST 24.32
- Location: Singapore, Singapore
- Dates: September 2-13, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Status: Deadline passed

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### Program overview
- Event: Monetary Policy (MP), Session No.: ST 24.32.
- Organizer: Institute for Capacity Development, International Monetary Fund.
- Location: Singapore, Singapore.
- Date: September 2-13, 2024 (2 weeks).
- Delivery Method: In-person Training.
- Primary Language: English.
- Status: Deadline passed.

### Target audience and qualifications
- 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:
  - Participants are expected to have an advanced degree in economics or equivalent experience.
  - Comfort using Microsoft Excel and Excel-based applications is required.
  - 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.

### Course description and scope
- The course provides a comprehensive overview of:
  - Monetary policy regimes.
  - Monetary transmission mechanisms.
  - The role of monetary policy in macroeconomic stabilization.
- Pedagogy:
  - Bridges theory, empirical evidence, and operational experience.
  - Moves from lectures introducing basic policy concepts to hands-on workshops.
  - Uses case studies to reinforce understanding and to compare and assess policy responses to shocks under different monetary policy regimes.
- Special emphases:
  - Optimization problems and tradeoffs involved in monetary policy decisions.
  - Practical policy challenges in emerging market and developing economies.
  - Evolving 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 implications for monetary policy transmission and operations.

### Course objectives and participant 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.

### Related IMF training context
- The IMF offers online and in-person training to government officials and the public through the Institute for Capacity Development.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Integrating Basel III Liquidity Standards with ILAAP A Framework for Effective Liquidity Risk Management](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/ce26-31)
- [Big Data for Macroeconomic Statistics (BDMS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/bdmsat26-27)
- [Financial Development and Financial Inclusion (FDFI)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/fdfiat26-24)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/st/2024/mpst24-32_