The lags in the transmission mechanism of monetary policy mean that policymakers must forecast the future path of the economy. Accurate forecasts are only possible with a clear understanding of the structure of the economy and the shocks affecting it. This two-week seminar aims to improve...

This forum provides an opportunity for senior human resource (HR) practitioners to work with others in the field on a number of issues which face central banks. The event will be structured to allow a mixture of external input, sharing of ideas and expertise, co-coaching and problem solving. It...

This is an intensive week-long event, which comprises of lectures and practical sessions. The lectures will cover: • the dynamic stochastic general equilibrium (DSGE) paradigm; • calibration to determine model parameters; • solution and control methods for linear rational expectations...

A primary function of any central bank is to maintain public confidence in the currency. The objective of this workshop is to discuss how the central bank achieves this, including efficient distribution and availability of all denominations, and the physical quality of the notes themselves...

The following topics are likely to be covered: • an introduction to recent research on exchange rates, in particular market microstructure models and the new open economy macroeconomic paradigm; • aspects of foreign-exchange reserve management; • exchange rates and the transmission...

Governance models in both the public and private sectors emphasise that the job of a board member is pro-active, not just reactive. This workshop will focus on: how to make the role and responsibilities for individual board members an effective, cohesive whole; what makes for effective board...

Financial regulation is usually justified by pointing to market imperfections that the regulation seeks to address. Yet all real-world markets are imperfect and the welfare costs arising from these imperfections create strong incentives for market participants to devise their own solutions....

The following topics are likely to be covered: • the modelling of risk in general equilibrium macroeconomic models; • advances in affine models of risk and term premia; and • incomplete markets and portfolio allocation. [gemäß den Informationen des Anbieters - according to site editor's...

The following topics are likely to be covered: • lender of last resort policy (theory and practice); • crisis resolution; and • liquidity policy [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.

The seminar will be taught from the perspective of the practitioner with the aim of discussing techniques that can improve upon, and provide a more convenient alternative to, classical econometric methods. The topics covered may include: • introduction to Bayesian analysis and Gibbs...