Analytical tools for monetary policy VER20210037
29 October 2021
Monetary policy decision-making calls for thorough analysis of economic, monetary and financial developments. Central banks assess these developments using a variety of analytical tools. The outcome of their analysis provides key input for well-informed monetary policy decisions, which allow the central bank to fulfil its monetary policy mandate.
This online course provides an overview of different analytical tools which Bundesbank staff use in the context of the monetary policy decision-making process in the monetary union. The focus of this course is on the analysis of monetary and financial developments, which represents an important part of the analytical approach adopted by the Eurosystem under the prevailing monetary policy strategy. Bundesbank experts will present key aspects of their regular analytical work illustrating specific analytical approaches in order to monitor and assess developments in the area of money and credit, in capital markets, in exchange rates and price competitiveness as well as in relation to the monetary transmission process.
- Monetary policy transmission and the effects of financial shocks
- Analysis of financial accounts
- Capital markets analysis
- Exchange rates and price competitiveness analysis
- Role of banks in monetary policy transmission
- Current research projects related to monetary policy analysis
Mid-level central bank officials working in the area of monetary analysis and/or financial market analysis. Potential candidates who wish to apply for the course should have a sound understanding of macroeconomic theory and basic econometrics as well as experience in the use of standard modelling techniques.
The course does not cover topics related to broader macroeconomic analysis and forecasting. Moreover, the course does not provide an introduction to econometrics or specific modelling techniques.
Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.
Please apply online by clicking on the registration button within the application period.