TARGET GROUP | Lower to mid-level managers, as well as senior economists and financial stability experts, working at central banks and ministries of finance in the area of economic and/or financial analysis and research. Participants should have an advanced degree in economics or finance and hands-on experience with macro-financial stability assessments.
DESCRIPTION | This one-week course, organized in cooperation with the European Central Bank (ECB), focuses on macro-financial stability issues and is designed to help participants better understand the interactions between the real economy and the financial sector and how to assess macro-financial stability risks in the CESEE region. Lectures introduce a range of early warning and related assessment tools that are used at the OeNB and in inter- and supranational institutions such as the ECB. Building on the analytical tools presented in the lectures, participants are asked to design, in the group work sessions, a suitable early warning framework for macro-financial stability assessments and/or a macro-financial adjustment program for a small, open economy in CESEE.