Cover Departmental Papers
Taking Stock of IMF Capacity Development on Monetary Policy Forecasting and Policy Analysis Systems
Author:
Nils Mæhle 0000000404811396 https://isni.org/isni/0000000404811396 International Monetary Fund

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Tibor Hlédik 0000000404811396 https://isni.org/isni/0000000404811396 International Monetary Fund

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Mikhail Pranovich 0000000404811396 https://isni.org/isni/0000000404811396 International Monetary Fund

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Carina Selander
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Mikhail Pranovich 0000000404811396 https://isni.org/isni/0000000404811396 International Monetary Fund

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Series:
Departmental Papers
Volume/Issue:
Volume 2021: Issue 026
Language:
English
Publication Date:
10 Dec 2021
DOI:
https://doi.org/10.5089/9781557753274.087
ISBN:
9781557753274
ISSN:
2616-5333
Pages:
67
Keywords:
Forecasting and Policy Analysis System; FPAS; Central Banks; policy analysis system; monetary policy forecasting; IMF Library; capital markets department; FPAS capacity; Central bank policy rate; Exchange rates; Market interest rates; Output gap; Inflation; Sub-Saharan Africa; Europe; Africa
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund
Volume 2021: Issue 026