Taking Stock of IMF Capacity Development on Monetary Policy Forecasting and Policy Analysis Systems

Author/Editor:

Nils Øyvind Mæhle ; Tibor Hlédik ; Mikhail Pranovich ; Carina Selander

Publication Date:

December 10, 2021

Electronic Access:

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

This paper takes stock of forecasting and policy analysis system capacity development (FPAS CD), drawing extensively on the experience and lessons learned from developing FPAS capacity in the central banks. By sharing the insights gained during FPAS CD delivery and outlining the typical tools developed in the process, the paper aims to facilitate the understanding of FPAS CD within the IMF and to inform future CD on building macroeconomic frameworks. As such, the paper offers a qualitative assessment of the experience with FPAS CD delivery and the use of FPAS in the decision-making process in central banks.

Series:

Departmental Paper No 2021/026

Subject:

Frequency:

occasional

English

Publication Date:

December 10, 2021

ISBN/ISSN:

9781557753274/2616-5333

Stock No:

TSICDMPFPASEA

Pages:

67

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