Cross-Border Spillovers of Inflation Global Training Course

Introduction

The Cross-Border Spillovers of Inflation Global Training Course is designed to address one of the most pressing challenges in today’s interconnected world: the transmission of inflationary pressures across national boundaries. In a globalized economy, inflation no longer remains a purely domestic issue—commodity price fluctuations, exchange rate volatility, trade linkages, and financial market integration ensure that inflationary shocks in one country can quickly ripple across borders. This course explores how inflation spillovers occur, their impacts on macroeconomic stability, and the strategies policymakers can deploy to mitigate vulnerabilities.

By combining theoretical foundations, empirical tools, and real-world case studies, this program equips participants with the analytical capacity to understand and respond to inflation spillovers in a global context. It highlights how advanced, developing, and frontier markets are differently exposed to external inflationary shocks and provides insights into building resilient monetary and fiscal frameworks to safeguard national economies against imported inflation.

Duration: 10 Days

Target Audience:

  • Central bank policymakers and economists
  • Ministry of finance officials and advisors
  • International development finance professionals
  • Trade and investment analysts
  • Academic researchers in economics and finance
  • Private sector consultants and strategists

Objectives:

  1. Understand the mechanisms of inflation spillovers across borders
  2. Explore the role of global trade and supply chains in inflation transmission
  3. Analyze financial market integration and its inflationary impacts
  4. Assess the effects of commodity price shocks on national inflation rates
  5. Study exchange rate dynamics and imported inflation
  6. Examine inflation spillovers in both advanced and developing economies
  7. Strengthen forecasting skills for external inflation shocks
  8. Learn from global case studies of inflation contagion
  9. Develop strategies for policy coordination to mitigate spillovers
  10. Build resilience frameworks to manage future inflationary risks

Course Modules:

Module 1: Fundamentals of Inflation Spillovers

  • Defining cross-border inflation dynamics
  • Channels of transmission
  • Role of globalization in inflation spread
  • Domestic vs. external drivers
  • Historical episodes of spillovers

Module 2: Trade Linkages and Inflation Transmission

  • Imports and inflation pass-through
  • Export competitiveness under inflation shocks
  • Global supply chain disruptions
  • Role of tariffs and trade policies
  • Case studies of trade-driven inflation

Module 3: Exchange Rate Movements and Imported Inflation

  • Currency depreciation and inflation pass-through
  • Dollarization and vulnerability to shocks
  • Monetary policy responses to exchange rate inflation
  • External imbalances and inflation risks
  • Comparative country experiences

Module 4: Global Commodity Prices and Inflation Spillovers

  • Oil price shocks and inflation transmission
  • Food price volatility
  • Raw material costs and inflation trends
  • Commodity cycles and global markets
  • Policy responses to commodity-driven inflation

Module 5: Financial Market Integration and Inflation

  • Capital flows and inflationary effects
  • Inflation expectations in global markets
  • Interest rate spillovers from major economies
  • Sovereign debt and inflation risks
  • Lessons from financial crises

Module 6: Advanced Economies and Inflation Spillovers

  • Role of US monetary policy in global inflation
  • Eurozone inflation transmission channels
  • Japan’s deflation and spillover risks
  • UK inflation trends and global effects
  • Comparative analysis of advanced economies

Module 7: Developing Economies and Inflation Vulnerabilities

  • Exchange rate pass-through in emerging markets
  • External debt burdens and inflation risks
  • Policy credibility challenges
  • Inflation volatility in developing countries
  • Regional spillover case studies

Module 8: Frontier Markets and External Inflation Pressures

  • Structural vulnerabilities to external shocks
  • Dependence on imports and commodities
  • Inflation financing and fiscal strains
  • Investor perceptions and inflation premiums
  • Lessons from frontier market experiences

Module 9: Inflation Contagion through Global Crises

  • The 1970s oil shocks
  • Asian financial crisis spillovers
  • Global financial crisis of 2008–09
  • COVID-19 inflationary disruptions
  • Policy lessons from past crises

Module 10: Regional Perspectives on Inflation Spillovers

  • Eurozone spillover dynamics
  • Asian integration and inflation links
  • Latin America’s external inflation pressures
  • Middle East energy price channels
  • Sub-Saharan African inflation connections

Module 11: Monetary Policy Coordination Across Borders

  • Importance of global cooperation
  • Role of multilateral institutions
  • Policy synchronization challenges
  • Avoiding beggar-thy-neighbor strategies
  • Case studies of coordinated responses

Module 12: Fiscal Policy Responses to External Inflation

  • Adjusting expenditure frameworks
  • Taxation and subsidy strategies
  • Debt management under inflation shocks
  • Balancing stability and growth
  • Comparative policy responses

Module 13: Modeling and Forecasting Inflation Spillovers

  • Econometric approaches to spillover analysis
  • Use of DSGE models in open economies
  • Market-based forecasting indicators
  • Global inflation indices
  • Forecasting limitations and risks

Module 14: Political Economy of Inflation Spillovers

  • Domestic politics and external inflation pressures
  • Populism and policy responses
  • Inflation credibility and governance
  • Public perception of imported inflation
  • Political trade-offs in inflation management

Module 15: Future Outlook for Global Inflation Spillovers

  • Geopolitical tensions and inflation risks
  • Climate change and food price volatility
  • Technological change and inflation transmission
  • Global financial integration trends
  • Preparing for future global inflation shocks

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport Pick Up is provided by the institute. Accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com. For More Details call: +254-114-087-180

 

 

 

Cross-border Spillovers Of Inflation Global Training Course in New Zealand
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