Course on Monetary and Financial Information for Macroeconomic Analysis

Content

The course first examines briefly the methodological framework of monetary and financial information as input for macroeconomic analysis. Then it considers issues related to operational aspects and monetary policy of a central bank in a developing economy. Topics are approached from the viewpoint of applied theory with emphasis on practical application.

Main topics: i) monetary and financial information appropriate to analyze a central bank balance, and monetary and macroeconomic policies; ii) revenue from monetary base creation; iii) foreign exchange market interventions; iv) optimal and adequate level of gross international reserves; v) non-conventional monetary instruments; vi) central bank’s capital compatible with a specified inflation target; vii) assessing the vulnerability of the financial system.