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DTSTAMP:20260522T105429Z
DTSTART;VALUE=DATE:20240722
DTEND;VALUE=DATE:20240726
SUMMARY:Monetary policy communication
TRANSP:TRANSPARENT
UID:2024_07_22_monetary_policy_communication_918278
DESCRIPTION:Deadline for application\n\n8 May2024\n\nObjective\n\nThere i
 s a broad consensus that transparency and communication are crucial for 
 the credibility of a central bank and the effectiveness of monetary poli
 cy. To foster credibility\, central banks need to strengthen transparenc
 y and adopt a strategic communication approach. This should be supported
  by clear communication objectives\, well-targeted messages for differen
 t audiences and appropriate communication channels. This course reviews 
 the meaning and role of strategic communication and transparency for cen
 tral banks and clarifies their importance for monetary policy. The gener
 al conceptual framework is complemented with hands-on case studies of ce
 ntral bank communication\, including issues such as target audiences of 
 central banks\, the main channels and tools and specific content of mone
 tary policy communication. Special emphasis is placed on monetary policy
  communication in a forward-looking environment\, as well as internal co
 mmunication. This includes numerous studies and examples of how modern c
 entral banks use communication to achieve their goal of low and stable i
 nflation. In addition\, issues of financial literacy and education\, and
  their interactions with monetary policy communication are addressed. Th
 e course is highly interactive\, offering a mix of presentations\, count
 ry practices\, workshops and group discussions.\n\nContents\nCentral ban
 k transparency – meaning and measurement \nStrategic communication for c
 entral banks: meaning\, rationale and key elements \nStakeholder and tar
 get audience analysis for monetary policy communication \nInstruments an
 d channels for monetary policy communication: tailoring them to needs of
  target audience\nContent of monetary policy communication \nMonetary po
 licy communication in a forward-looking environment\nExternal and intern
 al communication \nFinancial literacy\n\nTarget group\n\nJunior to mid-l
 evel central bank officials working in the communication department or e
 conomics/monetary policy department\, especially in central banks under 
 or moving towards an inflation targeting regime\, and officials from cen
 tral banks whose responsibilities require\, or who have a strong interes
 t in acquiring\, a thorough understanding of central bank communication.
 
LOCATION:Joint Vienna Institute\, Mariahilferstrasse 97\, 1060 Vienna\, A
 ustria
CONTACT:Deutsche Bundesbank – CIC\, tzk@bundesbank.de\, +49 69 9566-36605
 
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