IMF Course: Quantitative Models for the Integrated Policy Framework
April 7 - 11, 2025
Face-to-face
This Course provides an overview of quantitative models for the Integrated Policy Framework and shows how it can be applied to address pressing economic policy questions. It first discusses the theoretical underpinnings of the model, focusing on monetary policy trade-offs and the design of policies mitigating macroeconomic and financial instability, including the application of macroprudential policy tools. Of particular interest will be the study of the interaction between interest rates, FX interventions, capital flow measures, and macroprudential policy tools.
The Course shall also demonstrate how estimation can be used to account for country-specific characteristics, and how the estimation outputs can be used to help interpret economic developments. Finally, a number of applications will showcase how the model can be used to build macroeconomic and financial crisis scenarios designed to provide quantitative answers to practical economic policy questions.
The Course is aimed at central bank economists with advanced graduate studies in economics interested in getting a good understanding of quantitative models for the Integrated Policy Framework and looking to apply it in policy or academic work. The course will be taught by experienced professionals from the IMF.
Ruy Lama
Ruy Lama is a Senior Economist at the Monetary and Capital Markets Department of the International Monetary Fund (IMF). He holds a Ph.D. and an M.A. in Economics from the University of California, Los Angeles, and a B.A. in Economics from la Universidad del Pacífico, Peru. His research focuses on international macroeconomics, monetary and fiscal policy, and Journal of International Economics, the European Economic Review, the Review of Economic Dynamics, the Journal of Economic Dynamics and Control, the International Journal of Central Banking, and the Journal of International Money and Finance, among others.
Jesper Lindé
Jesper Lindé was an Advisor at the Monetary and Capital Markets Department of the International Monetary Fund (IMF) until January 2024. He holds a Ph.D. in Economics from the Stockholm School of Economics and an M.Sc. in the same field from the University College of Örebro. His research focuses on monetary and fiscal policy and international economics. His publications appear in the American Economic Review, the Oxford Review of Economic Policy, the Journal of Monetary Economics, the Review of Economic Dynamics, the European Economic Review, and the Journal of International Money and Finance, among others.
Roland Meeks
Roland Meeks is a Senior Financial Sector Expert at the Monetary and Capital Markets Department of the International Monetary Fund (IMF). He holds a Ph.D. in Economics from Oxford University and an M.Sc. and B.Sc. in Economics from the University of Warwick. His research focuses on monetary policy, macroprudential policies, and credit markets. His publications appear in the Journal of Monetary Economics, the Annual Review of Economics, the European Economic Review, and the Journal of the American Statistical Association, among others.
Venue Information
CEMLA is located in Durango 54, Col. Roma, Cuauhtémoc, C.P. 06700 Ciudad de México, México; near downtown Mexico City.
Mexico City is located near theccentercof the country, at an average altitude of 2,300 meters above sea level, bordering the State of Mexico and the state of Morelos. The capital is connected by land to multiple destinations.
Time Zone
Mexico has a time difference with Greenwich Mean Time of -6 hours throughout its territory.
Weather
In Mexico City, the wet season is warm and overcast and the dry season is comfortable and partly cloudy. Throughout the year, the temperature usually ranges from 6°C to 26°C and is rarely below 3°C or above 30°C.
The warm season lasts for 2.5 months, from March 22 to June 8, with an average daily temperature above 20°C. The hottest month of the year in Mexico City is May, with an average high of 27°C and low of 13°C.
The cool season lasts for 2.5 months, from November 19 to February 3, with an average daily high temperature below 22°C. The coldest month of the year in Mexico City is January, with an average low of 6°C and high of 22°C.
Visa Information
All participants are responsible for all Passport and visa formalities, and if needed, to comply with health regulations.
Citizens of certain countries require a visa to enter Mexico. In the following link you will find a list of citizenships which require visas: Countries that require visas.
Exceptions apply if you have a visa or if you are a permanent resident of the United States, Canada or Europe. If you are a citizen of a country requiring a visa, please contact the closest Mexican consulate at: Mexican consulates. For more information, please click here.
If you require an invitation letter in order to obtain the visa, please email Olivia Fuentes (ofuentes@cemla.org) specifying your current affiliation and title of the paper that you will be presenting.
Currency and Exchange Rate
Official currency: Mexican peso (MXN).
For the updated exchange rate click here.
You will be able to make currency exchanges at exchange houses and in some bank offices. It is recommended to exchange money at the airport since exchange houses and banks near CEMLA and the suggested hotels are closed on weekends, and close early during the week (around 16:00 hrs). Usually, ATMs are available 24 hours. You may draw cash using international debit and credit cards with worldwide brands, like Visa, Mastercard, Visa Electron and Dinners. For more information, please visit (Banco de México) here.
VAT and others
- · VAT: 16%.
- · Hotel service: additional charge of 3.5% on top of lodging (ISH or lodging tax).
- · Tips at restaurants: from 10% to 15% depends on the service you have received.
Electricity Service
Energy: 127 volts AC at 60 cycles (127V AC, 60 Hz). Two flat-pin plugs and some with grounding.
Transportation
The Benito Juárez International Airport in Mexico City is located 13 kilometers from the Downtown. It has two terminals which are identified by Terminal 1 and Terminal 2 and both are connected by aerotrain and free bus transportation. For more information, you may find the airport website here.
When arriving to Mexico City, transportation from the airport to hotels can be done by transportation apps (such as Uber, Cabify, Didi and Lyft, among others), or taxi. For taxi transportation it is important to select a taxi company inside the airport (there are different options to select from once you exit customs and immigration), pay the cashier inside the airport and ask for the cab in the corresponding exit. The Mexico City International Airport (AICM) offers spaces or boarding areas for the use of authorized cabs accredited by the Ministry of Communications and Transportation (SCT) and regulated by the Airport, for more information on authorized cabs click here.
For transportation in Mexico City, we recommend participants to use transportation apps or taxi service taken from “SITIO” stands. We recommend that participants avoid taking taxis from the street. SITIO stands can be found in several locations and phone numbers to call for taxis can be obtained in the hotels.
CEMLA will not provide transportation services.
Accommodation
The following table shows CEMLA’s recommended hotels, the rates available to events participants and hotel contact information. Booking hotel is the visitors’ responsibility. Consider that hotels usually request a credit card to guarantee the reservation. For any of the booking options, remember to add 3% ISH tax and 16% VAT.
To receive the corporate rate in the recommended hotels you must specify the name of CEMLA. Any change of rates is the responsibility of each hotel. Even though some bookings can be made online we recommend contacting the hotel directly to make sure the group rate is given.
Recommended Hotels
Hotel
Rates
Reservation information
Stanza
Av. Álvaro Obregón 13, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX
(3-minute car trip, 6-minute walk, 500m to CEMLA)
Ordinary rate per night:
$ 106.50 USD
CEMLA corporate rate:
$ 75.50 USD
Phone: +52 55 5080 0900
Royal Reforma
C. Amberes 78, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX
(12-minute car trip, 13-minute walk, 1 km to CEMLA)
Ordinary rate per night:
$ 145.00 USD
CEMLA corporate rate:
$ 71.70 USD
Includes:
breakfast buffet, wi-fi, sauna (upon request), gym, pool
Phone: +52 55 9149 3000
Four Points by Sheraton
Av. Álvaro Obregón 38, C.U. Benito Juárez, Cuauhtémoc, 06700 Ciudad de México, CDMX
(4-minute car trip, 6-minute walk, 500 m to CEMLA)
Ordinary rate per night:
$ 288.14 USD
CEMLA corporate rate:
$ 122.46 USD
Includes:
wi-fi, gym
Phone: +52 55 1085 9502
Marriot Reforma
Av. Paseo de la Reforma 276, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX
(15-minute car trip, 17-minute walk, 1.3 km to CEMLA)
Ordinary rate per night:
$ 419.01 USD
CEMLA corporate rate:
$ 216.11 USD
Includes:
breakfast buffet, fitness center, wi-fi in business center
Phone: +52 55 1102 7030
Sheraton Mexico City María Isabel
Av. Paseo de la Reforma 325, Cuauhtémoc, 06500 Ciudad de México, CDMX
(15-minute car trip, 21-minute walk, 1.6 km to CEMLA)
Ordinary rate per night:
Variable according to demand
CEMLA corporate rate:
15% off the public rate
Includes:
wi-fi, breakfast buffet, gym
Phone: +52 55 5242 5555
BENIDORM
C. Frontera 217, Roma Nte. Cuauhtémoc, 06700 Ciudad de México, CDMX
(8-minute car trip, 15-minute walk, 1 km to CEMLA)
Ordinary rate per night:
$ 212.50 USD
CEMLA corporate rate:
$ 74.50 USD
Includes:
wi-fi, gym
Phone: +52 55 5265 0800
Map
Visit Mexico
Mexico City is a unique visitor destination offering a wide range of attractions combining historic and modern-day life in a vibrant and friendly atmosphere. Take a day to visit the pre-Hispanic ruins of Teotihuacan, or visit the Centro Histórico and marvel at its rich architecture form the Catedral and Plaza del Zócalo to Palacio de Bellas Artes, visit world-class museums, or spend the day at some of the modern-day bustling neighborhoods and enjoy a fine dining experience at some of the world’s top-rated restaurants. For more information visit: Official Mexico City Visitors' Guide | Guía oficial para turistas de la CDMX Mexico City.
Dinning
Mexico City offers a wide variety of restaurants most of them located in the tourist areas of Polanco, Roma and Condesa near the Conference Venue.
Sightseeing/Day trips
If you are planning to stay an extra day or two in Mexico City, we recommend taking a day to visit the Centro Histórico, Coyoacán, Reforma Avenue, Colonia Roma, Xochimilco, and Chapultepec.
A day trip to Teotihuacan to see the pyramids can be arranged with the hotel concierge.
Mexico City offers some world class museums including the Anthropology Museum, the Museo Soumaya, and the Interactive Museum of Economics.