BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTAMP:20260504T064822Z
DTSTART;VALUE=DATE:20240304
DTEND;VALUE=DATE:20240308
SUMMARY:Monetary policy implementation
TRANSP:TRANSPARENT
UID:2024_04_03_monetary_policy_implementation_918274
DESCRIPTION:Deadline for application\n\n04 December 2023\n\nObjective\n\n
 The implementation of monetary policy requires both well-defined goals a
 nd a consistent set of policy instruments to achieve them. This one-week
  course will place central banks’ monetary policy operations in the cont
 ext of the broader monetary policy strategy. It will emphasise the link 
 between policy formulation and implementation\, discuss monetary policy 
 objectives and instruments and explain the functioning of monetary polic
 y transmission mechanisms. The focus will then move to the operational d
 etails of implementing monetary policy\, including the interest rate ste
 ering approach and the role played by a central bank’s balance sheet. Th
 e course will also cover specific aspects of monetary policy implementat
 ion: liquidity analysis\, the operational design of conventional and unc
 onventional monetary policy instruments\, the role of foreign exchange i
 nterventions and the consistency of operational frameworks. Finally\, at
 tention will also be given to current challenges in monetary policy impl
 ementation\, including the environmental\, social and governance (ESG) a
 spects.\n\nContents\n\nUpon completion of this course\, participants sho
 uld be able to:\nFormulate principles for monetary policy and the implic
 ations for monetary operations.\nDescribe monetary policy implementation
  using an interest rate steering approach\, as well as the role of the c
 entral bank’s balance sheet.\nConduct liquidity analysis.\nUnderstand th
 e operational design of monetary policy instruments.\nAnalyse foreign ex
 change interventions.\nAssess the consistency of operational frameworks.
 \nUnderstand monetary policy implementation in the Eurosystem.\nUndersta
 nd ESG-related challenges.\n\nTarget group\n\nJunior to mid-level centra
 l bank officials working in monetary policy operations and officials fro
 m central banks or ministries of finance or economics whose responsibili
 ties require\, or who have a strong interest in acquiring\, a thorough u
 nderstanding of monetary policy implementation.
LOCATION:Joint Vienna Institute\, Mariahilferstrasse 97\, 1060 Vienna\, A
 ustria
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
END:VEVENT
END:VCALENDAR