For almost two decades, the Budapest School for Central Bank Studies, established by the Magyar Nemzeti Bank (the central bank of Hungary), has been at the forefront of providing comprehensive training programmes tailored specifically for central bankers. Since its inception, the School has been offering intensive weekly courses in macroeconomics, monetary economics, international economics, banking and financial economics, and quantitative and econometric methods.
Our advanced and frontier level courses are designed to accommodate central bank officials and PhD students seeking to deepen their expertise in key areas of economic inquiry.
Trainings for central bankers. As central banks increasingly seek experts proficient in modern macroeconomics and quantitative methods, our programmes aim to equip participants with in-depth and up-to-date knowledge essential for informed monetary policy decisions. In the ever-evolving landscape of economics, where rapid progress is witnessed across various fields including macroeconomics, monetary policy, and econometrics, maintaining the expertise of senior professionals and nurturing the adaptability of young staff members are imperative for central banks to thrive.
Our training programmes encompass a comprehensive array of topics, from theoretical frameworks to applied methodologies, practical case studies, and empirical analyses, all of which are highly relevant for the daily responsibilities of central bank professionals. Through our advanced courses, participants delve into such critical areas as model building, evaluation, and forecasting, as well as technical intricacies surrounding model solutions and the implementation of estimation techniques, underpinned by the necessary mathematical background required for numerical and econometric tools.
For 15 years, our training program was led by the esteemed Professor Fabio Canova from BI Norwegian Business School, whose leadership set the foundation for the program's high standards. During his tenure, participants benefited from his expertise in macroeconomics and quantitative methods, honed over decades of teaching and advisory roles with central banks and policy institutions worldwide. His legacy continues to inspire the program's commitment to excellence.
The format of the summer courses scheduled for 2025 will be in-person. All courses involve 20 hours of teaching: 4 hours per day for 5 days or 5 hours per day for 4 days. Weekends are off. Both week-long course includes a social event. Participants cover their own travel, accommodation, catering expenses and are expected to bring their own laptop with Matlab, R and Stata installed for the exercise session.