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

This paper draws extensively on the experience and lessons learned from developing FPAS capacity in LIC central banks

Abstract

This paper takes stock of FPAS capacity development (CD), drawing extensively on the experience and lessons learned from developing FPAS capacity in LIC 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 practice within the Fund 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.

This work is part of the ‘Macroeconomics in Low-income countries’ programme

Citation

Nils Øyvind Mæhle ; Tibor Hlédik ; Mikhail Pranovich ; Carina Selander (2021) Taking Stock of IMF Capacity Development on Monetary Policy Forecasting and Policy Analysis Systems. IMF Departmental Paper No 2021/026

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

Updates to this page

Published 10 December 2021