Improving Monetary Frameworks Policy And Implementation (MPF) Salmiya, Hawalli

Course details

Target Audience:

Participation is most beneficial to managers directly involved in the formulation of monetary policy, and to technical staff supporting such policy formulation with analytical and forecasting tools.

Qualification:

Participants should be involved in the implementation of monetary policy and in the design of model-based system for policy analysis and projections.

Language:

The course is conducted in English only. Due to the technical nature of the course, English proficiency is a prerequisite.

Course Description:

The IMF-Middle East Center for Economics and Finance (CEF) and Bank Al-Maghrib (BAM) are organizing a seven-day training event on Improving Monetary Frameworks – Inflation Targeting: Policy and Implementation, consisting of a two-day high-level seminar, and a five day technical workshop for senior- and technical-level central bank officials. The seminar and workshop will be facilitated by a team of economists from the IMF’s Research Department (RES) and Institute for Capacity Development (ICD).

The seminar and workshop aim at enhancing participants’ understanding of policies and procedures that would support a gradual switch toward inflation targeting (IT). The high-level seminar focuses on the principles of, and conditions for implementation of a modern monetary framework of inflation-forecast targeting, including effective central bank communication; it consists of five presentations and two panel sessions. The technical workshop provides guidance in implementing a Forecasting and Policy Analysis System (FPAS), using the Czech Republic as an example. Participants are divided into small teams and will work toward preparing an inflation forecast presentation for a mock monetary policy committee session.