Analysing Macrofinancial Linkages and Interacting with International Institutions

MFL

TARGET GROUP | The course is particularly valuable for mid- to senior-level officials from central banks and ministries of finance or economy who work in economic or financial analysis and research, and who seek hands-on negotiation experience with international institutions. More junior staff can also benefit by gaining skills that enhance their understanding of how economic policy tools interact in response to macrofinancial shocks. Participants should have an advanced degree in economics or finance and experience with macrofinancial stability assessments. This course is particularly suitable for participants from EU members and (potential) candidates.

DESCRIPTION | This one-week course provides an in-depth understanding of macrofinancial linkages and risk assessment under changing economic conditions. Participants will gain practical experience in negotiating financial assistance and the accompanying conditionality with representatives from international financial institutions such as the IMF, the ECB and the European Commission. The course covers a wide array of policy areas affecting macrofinancial stability, including fiscal, monetary, macroprudential, microprudential, and structural policies, and their interplay.

Practical training is a key element, with skills and themes from lectures and workshops applied in a multi-session negotiation game. Participants will take on the roles of country officials and representatives of international authorities (IMF and EU) to develop an adjustment program for selected countries hypothetically exposed to macrofinancial stress through several rounds of negotiations. However, participants will learn not only how to negotiate an adjustment program with international institutions during times of need, but also how to engage with them in routine interactions, such as the IMF’s Article IV consultations or the EU’s Economic Reform Programs.

Previous participants have praised the course for its practical relevance, comprehensive coverage of macrofinancial interlinkages and policy areas, balance of technical details and policy experience, and interactive delivery through roleplay and workshops.

Программа курса (на английском)

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Детали

Начало: 2026092828 сен
Окончание: 2026100202 окт

Язык(и): English

Организация-спонсор: OeNB/JVI/NBS

Организационные вопросы

Крайний срок подачи заявки: 28 июня 2026 r.

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