IMPORTANT INFORMATION. The format of the summer courses scheduled to July 2024 will be hybrid (classes will run simultaneously face to face and online to allow students to choose the modality that best suits their needs).
Registration is now open for the following hybrid courses:
- July 15-19: Prof. Albrecht Glitz
- July 22-25: Prof. Andreas Fagereng
For more information on the upcoming courses, the instructors and the schedule, please see our brochure.
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.
Under the guidance of our esteemed programme director, Professor Fabio Canova from BI Norwegian Business School, our training programme ensures that participants benefit from the wealth of knowledge and expertise garnered from decades of teaching experience in central banks and policy institutions worldwide. Professor Canova, a world-renowned expert in macroeconomics and quantitative methods, has an extensive advisory role in modelling and forecasting activities for central banks, alongside his position as scientific advisor for the Euro Area Business Cycle Network (EABCN).
EUR 1500 fee per week will be charged for the face-to-face courses (for discounts and special offer, please read the Registration information). We offer the opportunity to follow the courses online on a Cisco/Webex platform for a reduced registration fee of EUR 1200 per course. 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. The fee includes course material, a social event per week. Participants cover their own travel, accommodation, catering expenses and expected to bring their own laptop with Matlab, R and Stata installed for the exercise session.