TBC
This intermediate course provides modular yet comprehensive discussions on macroeconomic and monetary policy issues, focusing on external sector issues, including policy and risk spillovers. This intermediate course will review wide range of concepts, theories, case studies, and applications of capital account liberalisation and capital flows monitoring and management. Aside from discussing the benefits, costs, and sequencing capital account liberalisation, as well as the empirical techniques used in examining the patterns, drivers, and impacts of capital flows, this intermediate course will focus on the policy measures used to manage capital flows and challenges in implementing capital account liberalisation. The policy discussions will focus on the policy trade-offs in relation to an integrated policy framework.
At the end of the course, participants will be able to:
High-level officers/technical staff of central banks/monetary authorities with at least five years of relevant experience in monetary and financial policy, and external sector analyses are encouraged to participate. Those with Master’s and/or doctoral degrees in Economics and related fields can participate in this course. Knowledge of various external sector accounts and empirical methods are useful. Those who have completed the online foundational course (MP2A) are also encouraged to participate.
This course will be delivered online via MS Teams platform. Several software packages will also be used throughout the course. While neither required nor essential, some experience in using Excel, EViews, MATLAB, Stata, and/or R is beneficial.
All topics will be delivered through a combination of lectures and exercises/workshops:
