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 workshop has been held annually since 2004. So far, the workshop was attended by roughly 300 participants from 37 central bank institutions (Austria, Bangladesh, Brazil, Belgium, Canada, Colombia, Costa Rica, Denmark, Finland, France, Greece, Hong Kong, Iceland, India, Italy, Israel, Japan, Korea, Malaysia, Mexico, the Netherlands, Norway, the Philippines, 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).