To respond to emerging demand in client countries and issues arising in the broad landscape of economic policies, JVI is continually upgrading its course offerings. The 2019 course schedule was published on-line in September 2018 (discussed in detail in a short JVI Newsletter article) and our traditional JVI Program Brochure was published as the year ended. However, by that time, four new courses for 2019 were not yet finalized, while now they are.
Employment: The IMF’s Fiscal Affairs Department organizes a short 3-day course on Social Protection, Taxation, and Employment , April 24-26, 2019. The course provides an overview of the impact of labor taxation and social benefits on employment outcomes in advanced and emerging European countries, with an emphasis on reform options and associated trade-offs. Boosting employment is a priority in many advanced and emerging European economies, where labor markets are often constrained by demo-graphic trends, low labor-force participation, and weak productivity growth. Undeclared work remains a significant challenge, leaving many individuals without social protection and reducing revenue collection. For these reasons, many governments are considering reducing labor taxation to boost employment and reduce the size of undeclared work. Application deadline: February 11, 2019.
Bank Supervision: JVI is presenting a seminar on Risk-Focused Bank Supervision and Risk Assessment, June 17–21, 2019, jointly with the US Federal Reserve System. This is our first collaboration with the Fed, whose experience guarantees the usefulness of the course. It is likely to have special interest for junior and mid-level bank supervisors from central banks and regulators; the curriculum is designed to enhance their analytical and decision-making skills through lectures and group work that simulates actual bank examination activities. Presentations on credit, operations, market, and liquidity risk will be complemented by workshops dealing with a single case study to demonstrate different risk-focused approaches to examining bank activities. Application deadline: March 17, 2019.
NPL Resolution: Jointly organized by the World Bank, the European Central Bank (ECB) and the JVI, the course on Management and Resolution of Non-Performing Loans (NPL) is scheduled for September 30–October 3, 2019. Targeting staff from central banks, finance ministries, and other institutions involved in management and resolution of NPLs, it will offer an encompassing overview of the NPL situation in CESEE countries and the EU and illustrate how NPLs affect the real economy. The course will also discuss the framework conditions necessary for successful resolution and a variety of on- and off-balance sheet approaches for managing NPLs. Finally, the course will discuss country-specific experiences. Application deadline: June 30, 2019.
Real Estate Market: Scheduled for December 2–6, 2019, is Real Estate Analysis and Policies, a joint JVI-ECB course for staff from central banks, finance ministries and other public entities working in this area. The course will provide a holistic overview of the real estate sector, its links with the rest of the economy, and relevant policies impacting real estate markets. It will analyze real estate markets from the business cycle and financial stability perspectives and discuss real estate-related policy strategies. Although the focus is on residential real estate, commercial real estate issues will be discussed whenever possible. Application deadline: September 2, 2019.
Adam Gersl and Reiner Martin, Lead Economists, JVI