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DTSTAMP:20260506T142913Z
DTSTART;VALUE=DATE:20250505
DTEND;VALUE=DATE:20250509
SUMMARY:Analytical tools for monetary policy
TRANSP:TRANSPARENT
UID:2025_05_05_analytical_tools_for_monetary_policy_940466
DESCRIPTION:Duration\n\n5 days\n\nDeadline for application\n\n21 February
  2025\n\nObjective\n\nMonetary policy decision-making calls for a thorou
 gh analysis of economic\, monetary and financial developments. Central b
 anks assess these developments using a variety of analytical tools. The 
 outcome of their analyses provides key input for well-informed monetary 
 policy decisions\, which are a prerequisite to the central bank fulfilli
 ng its monetary policy mandate. This course provides an overview of vari
 ous analytical tools which Bundesbank staff use in the context of the mo
 netary policy decision-making process in the monetary union. The focus i
 s on the analysis of economic\, monetary and financial developments: an 
 important element of the analytical approach adopted by the Eurosystem u
 nder the prevailing monetary policy strategy. Bundesbank experts will pr
 esent key aspects of their regular analytical work. In particular\, the 
 course will illustrate specific analytical approaches used to monitor an
 d assess developments in the areas of money and credit\, capital markets
 \, exchange rates and price competitiveness\, as well as in relation to 
 the monetary transmission process. Whilst our specialists will primarily
  report on practices within the Deutsche Bundesbank\, participants of th
 is course will also be encouraged to actively engage with each other and
 \, where appropriate\, prepare presentations in workshops and exercises 
 to provide insights into the respective frameworks of their own countrie
 s.\n\nContent\nMonetary policy transmission and the effects of financial
  shocks\nAnalysis of financial accounts\nCapital markets analysis\nExcha
 nge rate and price competitiveness analysis\nRole of banks in monetary p
 olicy transmission\nPolicy advice with quantitative (DSGE) models\nCurre
 nt research projects related to monetary policy analysis\n\nTarget group
 \n\nMid-level central bank officials working in the area of monetary ana
 lysis and/or financial market analysis. Potential candidates who wish to
  apply for the course should have a sound understanding of macroeconomic
  theory and are expected to be familiar with basic econometrics as well 
 as commonly used modelling techniques. Knowledge of matlab is preferred.
  Whilst our specialists will primarily report on practices within the De
 utsche Bundesbank\, participants of this course will also be encouraged 
 to actively engage with each other and\, where appropriate\, prepare pre
 sentations in workshops and exercises to provide insights into the respe
 ctive frameworks of their own countries.\n\nPlease note\n\nThe course do
 es not cover topics related to broader macroeconomic analysis and foreca
 sting. Moreover\, it does not provide an introduction to econometrics or
  specific modelling techniques. A nominating person is mandatory for the
  participation in our in-person courses.
LOCATION:Frankfurt/Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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