Financial Market Analysis | IMFx on edX | Course About Video

SPEAKER: When it comes to finance,
macroeconomists long lived in a bubble. They analyzed aggregates such
as inflation, employment, and fiscal deficits. They focused on monetary
and fiscal policy, convenient levers to pursue their
dual objectives of growth and price stability. Much that was outside the bubble,
the financial sector in particular, exhibited real-life consequences
for households and businesses, but was considered merely a
pass-through from policy levers to economic objectives. Over time, macroeconomists
realized that this was inaccurate. Finance can enhance
macroeconomic policy, contributing to long-run
growth, but finance can also result in excess
risk taking, and can derail the economy, as evidenced
by recent banking crises, culminating with the
global financial crisis.

Emerging from their
bubble, macroeconomists are embracing connections
between macro and finance, with most diagnoses of the macroeconomy
now including financial sector concerns, and influencing policymakers. The Institute for Capacity
Development of the IMF has designed the FMAX to
bring macroeconomists up to speed on the language
and principles of finance. Through lectures and
hands-on demonstrations, you will become familiar with the
pricing of fixed income and equity securities, term structure of
interest rates, portfolio allocation, and an introduction to risk management.

The course will establish
a foundation upon which you can enrich your
knowledge of interrelations between macroeconomics and finance. We hope you'll join us for the new
offering of FMAX starting soon on edX..

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