## 15th Macroeconomist Training Program — Initiative for Macroeconomists of the Future

## Source details

**Canonical URL:** [15th Macroeconomist Training Program — Initiative for Macroeconomists of the Future](https://www.imf.org/-/media/files/oap/oap-home/2022/15th-mtp-flyer-program-final.pdf)

## Other formats

- [Markdown version](/-/media/files/oap/oap-home/2022/15th-mtp-flyer-program-final.pdf.md)
- [Structured JSON version](/-/media/files/oap/oap-home/2022/15th-mtp-flyer-program-final.pdf.json)

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### Overview
- Hosted by the IMF in cooperation with JICA and organized by the IMF Regional Office for Asia and the Pacific (OAP).
- Main Lecturer: Jerry Schiff (PhD).
  - Dr. Schiff currently teaches at American University.
  - Previously Deputy Director of the Asia and Pacific Department of the IMF and held a number of senior positions at the IMF.
  - Visiting professor at the University of Tokyo Graduate School of Public Policy.
- Content focus: overview of how the IMF analyzes macroeconomic issues using its financial programming tool; real country case studies of IMF surveillance and program activities; participant group country case analysis using classroom-introduced tools.
- Certificate: A Certificate of Participation will be granted to participants who complete this workshop.

### Target audience and logistics
- Target: Students on Master’s/ PhD degree programs interested in working for international organizations and developing expertise in macroeconomics, international finance, development economics, and related fields. Young scholars and undergraduate students can also apply.
- Format: Virtual workshop (via Zoom).
- DATE: Tuesday, August 2 through Monday, August 8, 2022 (excl. Sat and Sun).
- FEE: Free.
- LANGUAGE: English.
- NO. TO BE ADMITTED: 20 (Participants will be selected through submitted applications).
- MAIN TARGET: Students pursuing Master’s/ PhD.
- DEADLINE: Monday, July 11, 2022.
- APPLY THROUGH: https://www.cvent.com/d/gkq4jm
- Contact: IMF Regional Office for Asia and the Pacific（OAP） Email OAPseminars@IMF.org

### Learning objectives and instructional approach
- Provide an overview of IMF methods for analyzing macroeconomic developments and policies.
- Teach the IMF's financial programming tool and how it:
  - Understands linkages between macroeconomic variables.
  - Produces projections that are internally consistent and sensible.
  - Moves from baseline scenarios to policy analysis for fiscal and monetary sectors.
- Introduce simple tools for evaluating fiscal policy, monetary/exchange rate policies, and macro-financial linkages.
- Use country case studies to demonstrate IMF surveillance and IMF-supported program design, trade-offs, and policy recommendations.
- Enable participants to undertake a group country analysis using IMF staff report data and present findings.

### Program agenda (session schedule and themes)
- Tuesday, August 2
  - 9:00-9:30 Ice Breaking Session — opportunity for students to get to know each other before lectures.
    - 9:00am Tuesday JST/ 8:00pm Monday EDT.
  - 9:40-9:45 Welcome and Opening Remarks.
  - 9:45-10:30 A. The role of the IMF in the global economy — role of the IMF in the international financial system and how an IMF economist works at Headquarters and in the field.

- Wednesday, August 3
  - 9:00-10:30 B. Financial Programming (1): The IMF’s macroeconomic framework — overview of IMF analysis, financial programming tool, linkages, and projections.
  - 10:40-12:10 C. Financial Programming (2): From Baseline to Policies: Fiscal Policy — role of financial programming in identifying macroeconomic risks and vulnerabilities and developing fiscal policy recommendations; simple fiscal evaluation tools.

- Thursday, August 4
  - 9:00-10:30 D. Financial Programming (3): From Baseline to Policies: Monetary Policy — use of financial programming to analyze and forecast the monetary sector; tools for evaluating monetary/exchange rate policies and macro-financial linkages.
  - 10:30-10:40 Break.
  - 10:40-12:10 E. IMF Surveillance: The case of Turkey — country case to explain IMF surveillance and how financial programming analyzes a country; use of economic data to identify trends, risks, and develop policy recommendations using recent IMF staff reports.

- Friday, August 5
  - 9:00-10:30 F. IMF-supported programs: The case of Egypt — discussion of role and process behind an IMF-supported program, case study of a recent program to illustrate concepts and trade-offs in program design.
  - 10:30-10:40 Break.
  - 10:40-11:05 G. Introduction of Group Assignment — explanation of group assignment and Q&A on distributed material.
  - 11:05-12:05 H. Presentation by JICA.
  - Note: Students would use weekends as preparation of group presentation.

- Monday, August 8
  - 9:00-10:00 I. Group Presentations (1) — 4 groups; 30-minutes presentation per group including discussions. Participants use country data from IMF staff reports to diagnose prospects and risks and make policy recommendations.
  - 10:00-10:10 Break.
  - 10:10-11:10 J. Group Presentations (2).
  - 11:10- Closing / Group photo.
  - Social hour (Informal chat).

### Assessment and expected outputs
- Group assignment: country case analysis using IMF staff report data.
  - Presentation format: 30 minutes per group including discussions.
  - Expected deliverables: diagnosis of a country’s prospects and risks; policy recommendations grounded in financial programming and IMF analytical tools.

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_Source: https://www.imf.org/-/media/files/oap/oap-home/2022/15th-mtp-flyer-program-final.pdf_