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Prudent Risk Management Approach to Monetary Policy Launch of FPAS MARK II

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Summer Intern
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Discover firsthand insights from the Mark II Central Bank Watchers as they analyze central bank activities and financial market trends. Engage with our talented GFS students as they present their research projects. Our session covers a diverse array of FPAS and non-FPAS central banks, providing a comprehensive overview of global economic landscapes. Join us for an hour of enriching discussion, with the option to extend for those eager to delve deeper into the topics at hand.

FPAS:                           Non-FPAS:

New Zealand               United Kingdom

Czech Republic             United States

Israel                           Brazil

Canada                       Euro Area

Georgia                       Australia

The GFS Seminar Series serves as a dynamic platform for GFS students to share their research with a global audience via YouTube, effectively merging academic inquiry with broader public engagement. This initiative aims to deepen the understanding of complex macroeconomic issues, encouraging thorough analytical debate on various monetary policy frameworks and their implications. By facilitating these discussions, the seminar series contributes significantly to the international economic policy dialogue, offering practical insights for central banks and economies as they navigate the challenges posed by global economic fluctuations and seek to maintain domestic economic stability.

To join our Tuesday sessions, Register here.

To join our Thursday sessions, Register here.

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There is already a multitude of public policy institutes. The BPP is trying to stand out from the rest by framing our mission as a project rather than an institute. At BPP, we try to pursue specific goals that can be achieved within a reasonable time frame. Our main mission is to improve the effectiveness of public policy via three avenues: raising public economic literacy, improving analytical frameworks in policymaking institutions and enhancing the communication of policy to the public.


  • Advancing the frontiers of monetary policy. Our philosophy highlights the need for assertive policies and maximum transparency.

  • Three C Approach: There is a need for public policy to be Comprehensive, Consistent and Coordinated.

  • Develop state-of-the-art frameworks for monetary, fiscal and macroprudential policies.

  • Economic literacy rate: Effective policy is partially dependent on credibility of the institution which is conditional on an educated populace.

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Douglas Laxton

Douglas Laxton created Saddle Point Research and The Better Policy Project in Portugal after retiring from International Monetary Fund where he worked as a division chief for many years.

Douglas Laxton has enormous experience helping central banks develop transparent state-of-the-art policy frameworks. He also was responsible for many years developing analytical frameworks to support the IMF’s surveillance activities, and coordinating the production of the global outlook and risk assessments. Given his experience, he has a comprehensive understanding of the interactions between monetary policy and financial markets.

Our Activities
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We try to connect the right type of people who can help mentor peers through similar issues they have experienced.



Education is a core activity.

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Developing state-of-the-art modelling techniques.

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“We always plan too much and always think too little. We resent a call to thinking and hate unfamiliar argument that does not tally with what we already believe or would like to believe.”

Joseph Schumpeter

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