This annual week-long workshop for central bank economists has two objectives. First, to expose participants to frontier models and techniques in monetary economics. Second, to foster discussion and exchange of ideas about applied monetary policy problems faced by different central banks. The week is organized around lectures and computer-based assignments

The first four editions of the workshop were held in 2005, 2006, 2007, and 2008. So far the workshop was attended by 175 participants from 33 central bank institutions (Austria, Bangladesh, Brazil, Belgium, Canada, Costa Rica, Denmark, Finland, France, Greece, Iceland, India, Italy, Israel, Japan, Korea, Malaysia, Mexico, the Netherlands, Norway, Poland, Slovakia, Spain, South Africa, Sweden, Switzerland, Uruguay, as well as the European Central Bank, the Federal Reserve Banks of Atlanta, Boston, Cleveland, and Dallas, the Bank of International Settlements, and the International Monetary Fund).