This course is aimed at central bank officials working in the area of financial stability. Participants should have a basic understanding of the surveillance and analysis of systemic risk and macroprudential policy. Input from participants on current developments in their home countries is welcome. The course may also be of interest to staff working in other central bank areas related to financial stability, such as banking supervision, monetary policy or payment systems.

On-site and off-site banking supervisors with a good knowledge of regulatory capital requirements and at least a basic understanding of mathematics and statistics. The course is aimed specifically at non-mathematicians who are interested in quantitative topics. Participants should be prepared to contribute actively to the seminar by answering questions and performing calculations, e.g. in Excel.

Households’ expectations for inflation often deviate from the officially recorded inflation rates. As part of the Bundesbank Invited Speakers Series, Michael Weber, Associate Professor of Finance at the University of Chicago Booth School of Business, expressed his view that the public’s perceptions are chiefly shaped by their shopping experiences or their family and friends rather than by classic media. He went on to discuss with Bundesbank President Joachim Nagel what this means for central bank communication and monetary policy. The panel was moderated by Falko Fecht, Head of the Bundesbank’s Research Centre.

The course is aimed at data-savvy central bankers, regulators and supervisors in areas such as information technology and statistics, or research departments interested in implementing machine learning methods.

sound knowledge of the revised framework is essential for participation. Participants should also be familiar with the supervision policies and practices of their home countries’ financial systems and be prepared to actively contribute to discussions, e.g. by giving presentations.