TARGET GROUP | Junior 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 macrofinancial stability assessments.
DESCRIPTION | This one-week course focuses on macrofinancial stability issues. It is designed to help participants better understand the interactions between the real economy and the financial sector and learn how to assess macrofinancial stability risks in the CESEE region. Participants will be introduced to a range of assessment tools that are used at the Oesterreichische Nationalbank and in international and supranational institutions such as the European Central Bank. In the group work sessions, participants will be asked to design a framework for macrofinancial stability assessments and/or a macrofinancial adjustment program for a small, open economy in CESEE by building on the analytical tools presented in the lectures.