Monetary Policy Formulation and Implementation

Monetary policy is the primary tool central banks use to manage inflation and support sustainable economic growth. This course provides a comprehensive overview of the theories, frameworks, and practical techniques involved in formulating and implementing effective monetary policy. We will explore various policy regimes, from inflation targeting to exchange rate pegs, and delve into the technical mechanisms by which central bank decisions translate into market interest rates and broader economic conditions. Participants will gain critical skills in policy analysis, forecasting, and the use of both conventional and unconventional instruments in response to modern economic challenges.