9th SEACEN-BOJ Intermediate Course on Analytics of Macroeconomic and Monetary Policy Management

Venue :Brunei Darussalam
Host Name :Autoriti Monetari Brunei Darussalam
Date From :12 Apr 2015
Date To :24 Apr 2015

Descriptions


The SEACEN-BOJ Course on Analytics of Macroeconomic and Monetary Policy Management is developed to provide effective support for the design and implementation of monetary policy. This Course will give participants the analytical and technical tools required to identify shocks, to develop qualitative as well as quantitative understanding of their effects on the domestic economy, and to assess the effects and effectiveness of alternative policy responses. 

Target Group: The target participants will be middle-level officers/technical staff working in the area of macroeconomic surveillance, monetary policy analysis and monetary policy operations. They are expected to have at least a first degree in economics or a related subject or equivalent background knowledge obtained through working experience.

Objective


The Course combines lectures with case studies, group exercises, sharing of country experiences and panel discussions. Emphasis will be on analytical and technical aspects of macroeconomic and monetary policy assessments. 

At the end of the Course, participants will be able to:
  • (i) Assess macroeconomic and monetary policy conditions in line with theories and best practice;
  • (ii) Describe and assess monetary policy frameworks, transmission mechanism, monetary operations and communication;
  • (iii) Assess equilibrium exchange rate levels;
  • (iv) Forecast inflation and the output gap; and,
  • (v) Estimate, and interpret VAR models of the economy.

Resource Person


The faculty of experts will comprise resource persons from academia, central banks and international financial institutions.