Taking Stock of IMF Capacity Development on Monetary Policy Forecasting and Policy Analysis Systems
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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:
Central bank policy rate Central banks Economic forecasting Exchange rates Financial services Foreign exchange Inflation Market interest rates Output gap Prices Production
Frequency:
occasional
English
Publication Date:
December 10, 2021
ISBN/ISSN:
9781557753274/2616-5333
Stock No:
TSICDMPFPASEA
Pages:
67
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