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DTSTAMP:20260528T163536Z
DTSTART;VALUE=DATE:20250303
DTEND;VALUE=DATE:20250307
SUMMARY:Monetary policy implementation
TRANSP:TRANSPARENT
UID:2025_03_03_monetary_policy_implementation_940494
DESCRIPTION:Duration\n\n5 days\n\nDeadline for application\n\n3 December 
 2024\n\nObjective\n\nUpon completion of this course\, participants shoul
 d be able to: Formulate principles for monetary policy and the implicati
 ons for monetary operations. Describe monetary policy implementation usi
 ng an interest rate steering approach\, as well as the role of the centr
 al bank’s balance sheet. Conduct liquidity analysis. Understand the oper
 ational design of monetary policy instruments. Analyze foreign exchange 
 interventions. Assess the consistency of operational frameworks. Underst
 and monetary policy implementation in the Eurosystem. Understand ESG-rel
 ated challenges.\n\nContent\n\nThe implementation of monetary policy req
 uires both well-defined goals and a consistent set of policy instruments
  to achieve them. This one-week course will place central banks’ monetar
 y policy operations in the context of the broader monetary policy strate
 gy. It will emphasize the link between policy formulation and implementa
 tion\, discuss monetary policy objectives and instruments\, and explain 
 the functioning of the monetary policy transmission mechanism. The focus
  will then move to the operational details of implementing monetary poli
 cy\, including the interest rate steering approach and the role of the c
 entral bank’s balance sheet. The course will also cover specific aspects
  of monetary policy implementation: liquidity analysis\, the operational
  design of conventional and unconventional monetary policy instruments\,
  the role of foreign exchange interventions\, and the consistency of ope
 rational frameworks. Finally\, the course will also cover current challe
 nges in monetary policy implementation\, including the environmental\, s
 ocial and governance (ESG) aspects.\n\nTarget group\n\n(i) Junior to mid
 -level central bank officials working in monetary policy operations\; an
 d (ii) officials from central banks or ministries of finance/economy who
 se responsibilities require\, or who have a strong interest in acquiring
 \, a thorough understanding of monetary policy implementation.\n\nRegist
 ration at JVI
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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