August 21 to September 1, 2023

The CICDC presented a BRI course on Monetary and Fiscal Policy Analysis with DSGE Models in Dalian Training Center, from August 21 to September 1, 2023. The course was delivered by staff from the IMF's Institute for Capacity Development Department (including CICDC director Hui He) onsite. 36 participants from the People’s Bank of China, and 7 participants from relevant government agencies in South Africa, Malaysia, Thailand, and Brazil attended the course. The course dealt with building, using, and interpreting DSGE models. The course was modified to reflect some recent Fund’s initiatives and developments in academia and policy making institutions. A special presentation of the heterogenous-agent New Keynesian (HANK) model and its potential policy implications was also introduced and briefly discussed in the course. The course was highly received by the participants.

IMF counselor is working with participants from China and BRI countries on the course’s one workshop.