Intermediate Course on Analytics of Macroeconomic and Monetary Policy Management
This course emphasizes technical and analytical aspects of macroeconomic and monetary policy management, including monetary policy transmission mechanisms, assessing the stance of monetary policy, early warning indicators of financial instability, exchange rate management issues. and the implementation of macroprudential policies. It focuses on both theory and applications, using lectures together with hands-on exercises and case studies.
Objectives: At the end of the course, participants will be able to: (1) assess the stance of monetary policy in relation to the macroeconomic conditions facing an economy; (2) understand the channels through which monetary policy affects the economy; (3) assess the usefulness of early warning indicators; and, (4) appreciate the issues associated with exchange rate management and the implementation of macroprudential policies.
Target Participants: This course is intended for middle-level officers or technical staff, whose work involves macroeconomic surveillance and analysis of monetary policy. Participants should have at least two years relevant working experience and be familiar with basic econometrics and the use of econometric software such as EViews.
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