Monetary operations are essential to the effective implementation of a central bank’s monetary policy. This seminar will look at recent developments in money market operations, including changes made to frameworks following the global financial market crisis. In addition, it will consider how...

The aim of this workshop is to allow those responsible for the design and implementation of such policies to deepen their theoretical understanding of monetary operations and to compare and contrast experiences with their peers. The following topics will be covered: • lessons learned from the...

Central banks rely increasingly on the empirical analysis of financial markets and the information contained therein to help them analyse the state of the macroeconomy, the impact of policy actions and to estimate the effects of risk. This one-week event will provide a rigorous overview of the...

The meeting aims to provide a forum for researchers and practitioners to exchange ideas and present new research results on the theory and modern practice of financial engineering and bank management. The conference, titled 'Recent Developments in Financial Markets and Banking', covers a wide...

Models are essential in developing rigorous, coherent and robust frameworks for economic analysis, thinking and policymaking in central banks. This one-week seminar focuses on the basics of economic modelling with a combination of lectures on introductory modelling theory and practical exercises...

The seminar will be taught from the perspective of the practitioner with the aim of discussing techniques that can improve upon classical econometric methods, or are more convenient alternatives. The topics covered are likely to include: - introduction to Bayesian analysis and Gibbs sampling; -...

Topics: 1. Modeling monetary economies. 2. Role as lender of last resort, efficacy of financial support for banks and other financial intermediaries 3. Anchoring of inflation expectations; 4. Interactions between fiscal and monetary policy; 5. Characterising empirical relationships between...

Topic highlights include: - Update on policy responses to the eurozone debt crisis - Pros and cons of a global approach to monetary policy - Quantitative easing: comparison of approaches taken and how effective it is - Current tools being used by Central Banks to ensure liquidity in the market -...

Topics: - introduction to probability distributions and statistical inference; - univariate and multivariate regressions; - dealing with serial correlation, heteroskedasticity and multicollinearity; - time-series econometrics: unit roots and cointegration; and - an introduction to vector...

Topics: - experience of inflation targeting in different countries; - how did inflation targeting perform in the crisis? - what is the role of asset prices? - modelling and forecasting for inflation targeting; - combining monetary policy and financial stability objectives; and - communicating an...