The following topics are likely to be covered: • an introduction to recent research on exchange rates, in particular market microstructure models, behavioural finance models as well as the new ‘open economy’ macroeconomic paradigm; • reserve currency issues and aspects of foreign...

Topics likely to be covered include: • the objectives of monetary policy and optimal policy under commitment and discretion; • methods for estimating policy rules and objective functions; • forecasting with and without endogenous monetary policy; • modelling the zero lower bound on...

The seminar will focus on a wide range of financial stability issues. The topics covered in the event will fit within the following broad themes: • the enhanced role of the Bank of England in the UK framework for financial stability; • identification and assessment of key risks to financial...

The seminar will focus on the following topics: • an introduction to the relevant theory; • expert overviews of key markets and topics; • financial market regulation; and • an in-depth examination of a particular market and/or topic (in recent years we have focused upon real estate...

Formal models of the economy are important for central banks. They help ensure a consistent view of the transmission mechanism of monetary policy and facilitate the identification of shocks that affect the economy. They also form a coherent framework for forecasting and provide a benchmark to...

This seminar offers central bankers the opportunity to deepen their knowledge of the theoretical and practical aspects of these recent challenges to financial stability and macroprudential policy, and to share experiences with their peers. The following key topics are likely to be covered: •...

The global financial and economic crisis has posed particular challenges for all monetary policy frameworks including inflation targeting. This seminar considers the questions now faced by central banks: What lessons have we learned from the crisis? Are there any implications for the inflation...

One reason behind the lack of consensus on how best to maintain financial stability is the fact that systemic risk is particularly difficult to model and measure. To this day, there is no widely-accepted quantitative metric for assessing whether financial systems have become more stable over...

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...