JVI Alumni Quotes

The virtual course on Fiscal Sustainability enhanced my understanding of fiscal developments and different channels that could impact countries long term debt stability.  The course introduced participants with a practical analysis tool that can be used for evaluating debt sustainability and different debt development scenarios. In a group work we had a chance to practice this analysis for the country of one of our group members. I still have some homework to do - to apply this tool for my own country. I am eager to do so to have a stronger base for debt sustainability discussions as this is a hot topic in fiscal analysis.  I was impressed how efficient a virtual course can be, and in case on site courses are not available I sincerely recommend applying to virtual ones. I missed visiting Vienna, but it was great to get new knowledge and expertise from the place I am at, and even there were no face-to-face meetings, enough time was planned for group work, discussions, and interaction with counselors.  Ieva Opmane, Bank of Latvia. Virtual course on Fiscal Sustainability, July 19-30, 2021.

The virtual course on Local Currency Bond Market Development covered and discussed all the key components for assessing the stages of development for countries' local markets. Sharing country cases by participants during the workshop sessions was especially useful. Participants could realize main challenges of their own local market and make policy considerations. I highly recommend this course. Tamar Kvantaliani, Ministry of Finance, Georgia. Virtual Course on Local Currency Bond Market Development, June 21-25, 2021.

The virtual course was an excellent opportunity that introduced us to wide range of aspects and policy tools related to financial stability of central banks. I found different practical workshops and discussions extremely useful to better understand key aspects of stress testing. Moreover, I benefited from participants' involvement vis-à-vis climate change implications, which are a vital part of macroprudential policy analysis moving forward. Their different viewpoints enriched my perspective. Maja Sabol, Croatian National Bank. Virtual Course on Financial Stability Policy of Central Banks, May 31-June 4, 2021.

I had the opportunity to attend the JVI virtual course on Monetary and Fiscal Policy Analysis with DSGE Models on May 2021. The course significantly added to my understanding of the New Keynesian models and the methodological framework commonly used by policy makers in analyzing monetary and fiscal issues. Overall, the lectures focused on analyzing the intuition of the NK model and the various extensions to the baseline framework, providing a thorough explanation of the transmission mechanism of various economic policy shocks. The Dynare-based workshops provided a step-wise approach on how to construct and estimate DSGE models and how to interpret the results of the various case studies, following the high-standards of the IMF’s Institute for Capacity Development. The hands-on practical exercises illustrated how these models are applied and how they can contribute to the policymaking process. The lectures were highly interactive, and the instructors and JVI staff were very helpful to provide guidance on any technical or coding issue related to the workshops. Many thanks to the whole team for the excellent organization of the course.  Nikos Ventouris, Bank of Greece. Virtual Course on Monetary and Fiscal Policy Analysis with DSGE Models, May 24-June 04, 2021.

We definitely recommend this seminar - these were the words of my colleagues who participated in the virtual course on Bank Restructuring and Resolution last year. I applied for this year’s seminar and had the privilege to be a part of it. This course had everything I expected – nice balance of lectures and exercises; regulatory and practical aspects of effective resolution regime; various aspects of problem bank supervision and resolution along with crisis management challenges.  I found my participation in this virtual course valuable as I am directly involved in the ongoing central bank activities for further strengthening of the financial sector safety net and enhancements of the existing bank resolution framework. I warmly thank the hosts for the excellent organization of this online training and the speakers for the clearly delivered and up-to-date presentations. Milica Arnaudova Stojanovska, National bank of the Republic of North Macedonia, Virtual Course on Bank Restructuring and Resolution. Milica Arnaudova Stojanovska, National Bank of North Macedonia. Virtual Course on Bank Restructuring and Resolution, May 10-14, 2021.

I thoroughly enjoyed the JVI virtual course and gained considerable insight on various core concepts. A more systematic approach for the options to decrease the deficit in pension spending, implementation of special schemes for taxpayers and introduction of different ways to digitalize the system have equipped me with in-depth knowledge. The suggestions and assessments about noncontributory schemes in the field of pensions and social insurance were very vital. Especially the case study gave a great opportunity to provide substantial ideas and creative solutions made it possible to learn detailed and essential international experience by sharing best practices. This course gave an opportunity to generate ideas for more effective strategies and techniques for the development of the field of social insurance, taxation and employment. I highly recommend this course and would encourage anyone working in this field to enroll.  Fidan Mamedova, Ministry of Labor and Social Security of Azerbaijan. Virtual Course on Social Insurance, Taxation and Employment, April 26-30, 2021.

The virtual course on Social Insurance Taxation and Employment proved very helpful in strengthening my understanding of the functioning of labor markets in the context of the different organizational frameworks of social insurance and taxation regimes. The well-structured presentations and vivid discussions accompanying them, allowed for in-depth analysis of the challenges faced by the labor markets not only in the aftermath of the shock caused by the COVID-19 pandemic but also due to long-term demographic changes. The participants were effectively encouraged to express their opinions on the matters discussed, while the case study, administered towards the end of the course, allowed to synthesize the technical knowledge, presented throughout the entire week, in the framework of the policy debate. Jacek Białek, Ministry of Finance, Funds and Regional Policy of Poland. Virtual Course on Social Insurance, Taxation and Employment, April 26-30, 2021.