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 course lasts one and a half weeks and 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. Group work sessions constitute an integral part of the seminar and are intended to mirror the content of the lectures. The group work simulates the negotiation of a macrofinancial adjustment program. In this simulation course participants take on roles as country officials or representatives of international authorities.