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DTSTAMP:20260924T031515Z
DTSTART;VALUE=DATE:20270919
DTEND;VALUE=DATE:20270924
SUMMARY:Monetary Policy Implementation
TRANSP:TRANSPARENT
UID:2027_09_20_monetary_policy_implementation_1007566
DESCRIPTION:Objective\n\nThe implementation of monetary policy requires b
 oth well-defined goals and a consistent set of policy instruments in ord
 er to achieve them. This course will begin by placing the central bank’s
  monetary policy operations in the context of the broader monetary polic
 y strategy\, emphasising the link between policy formulation and impleme
 ntation. A focus will be on the practicalities of implementing monetary 
 policy\, including liquidity management\, refinancing operations\, monit
 oring of monetary policy counterparties\, the collateral framework\, and
  monetary policy asset purchases. The course will also provide an introd
 uction to market intelligence at the Deutsche Bundesbank. While our spec
 ialists will primarily report on practices within the Eurosystem\, parti
 cipants in this course will also be encouraged to actively engage with e
 ach other and\, where appropriate\, prepare presentations in workshops a
 nd exercises to provide insights into the respective frameworks of their
  own countries.\n\nContents\nMonetary policy mandate\, strategy and oper
 ational framework \nMonetary policy refinancing operations in practice\n
 Monitoring of monetary policy counterparties and Eurosystem's ELA‑Framew
 ork\nCollateral framework\nMonetary policy purchase programmes in practi
 ce and current challenges\nMarket intelligence\n\nTarget group\n\nJunior
  to mid-level central bank officials working in monetary policy operatio
 ns whose responsibilities require a thorough understanding of monetary p
 olicy implementation\, or where there is a strong interest in acquiring 
 such knowledge. Participants are required to actively contribute to the 
 course and when appropriate to prepare a presentation to give insight in
  monetary policy operational frameworks of their own respective countrie
 s.
LOCATION:Frankfurt am Main
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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