Judgement and expert knowledge is widely thought to be important in the successful practice of forecasting. For policymakers, forecasts also embody judgements about the state of the economy, the transmission of shocks and optimal policy responses which necessitate the use of structural models....

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. Topics: - lessons learned from the financial crisis; - forms of...

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...