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 in the CESEE region, with a special emphasis on the COVID-19 pandemic-induced recession and market instability. The content of the lectures is designed to help participants better understand the interactions between the real economy and the financial sector and learn how to assess/evaluate macrofinancial stability risks under the current circumstances. Participants will be introduced to a range of assessment tools that are used at the Oesterreichische Nationalbank and the European Central Bank. The COVID-19 pandemic does not only affect the content of the lectures, but also the way the course is organized: it will be held as an online course (via Webex), consisting of 3-4 hours of lectures and workshops per day, supplemented with homework on some days.