Model-Based Monetary Policy Analysis and Forecasting

This two-week course, presented by the IMF’s Institute for Capacity Development, provides rigorous training on the use of simple Dynamic New Keynesian (DNK) models to conduct monetary analysis and forecasting with an emphasis on analyzing monetary policy responses to macroeconomic imbalances and shocks. Participants are provided with the tools needed to develop and/or extend the model to fit their own monetary policy-exchange rate regime. Country case studies are used to reinforce participants’ understanding and to help them compare, contrast, and assess various experiences.