This 4th Advanced Course will again be conducted in collaboration with the Centre for Central Banking Studies (CCBS) of the Bank of England. The Course will place particular emphasis on macroeconomic and monetary policy issues, such as the inter-linkages between monetary policy and financial stability, and policy mix and options when monetary policy is rendered less effective.

Objectives: At the end of the Course, participants will be able to: (i) formulate a baseline scenario after considering risks and vulnerabilities of the macro economy; (ii) evaluate effectiveness of monetary policy actions under given circumstances; (iii) assess policy options when monetary policy is rendered less effective; and (iv) formulate and communicate monetary policy that is consistent with a given set of policy objectives, using a case study.

Resource Speakers: The faculty of resource speakers will be experts and policy makers and practitioners from the CCBS, advanced central banks, SEACEN member banks, The SEACEN Centre, international and regional financial institutions such as the BIS, IMF and ADB.

Target Group: Experienced staffs of central banks and monetary authorities who have been involved in formulating/recommending macroeconomic, monetary policy, financial policy or financial stability. Participants should have an advanced degree in economics, at least 5 years of experience working in relevant areas, and prior knowledge on monetary policy framework, operations and implementation. Participants who have attended the SEACEN Intermediate Course on Macroeconomic and Monetary Policy Management will especially benefit from this Course.