Macroeconomic Diagnostics (MDS)
This course, presented by the Institute for Capacity Development, is designed to strengthen participants’ ability to comprehensively assess a country’s macroeconomic situation, including the current state of the economy; the stance of fiscal and monetary policy; financial stability; exchange rate misalignments; vulnerabilities in the different sectors; and the medium-term outlook, especially the sustainability of public and external debt.
The course emphasizes practical tools for use in day-to-day macroeconomic analysis and relies on case studies relevant to the region where the course is given to illustrate how these tools are applied and how they can contribute to the policymaking process.
Target Audience
Officials from central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.
Qualifications
Participants are expected to have an advanced degree in economics or equivalent experience, good quantitative skills, and proficiency in the use of Microsoft Excel. It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1x) or the online Macroeconomic Diagnostics (MDSx) course.
Course Objectives
Upon completion of this course, participants should be able to:
- Analyze potential output, calculate output gaps, and diagnose the outlook for the economy.
- Assess the stance of current fiscal, monetary, exchange rate, and financial policies.
- Assess macro-financial linkages, including through the analysis of financial sector soundness indicators.
- Assess the medium-term prospects of the economy, especially the sustainability of public and external debt.
- Identify possible external and internal economic risks and vulnerabilities to economic growth, and develop policies to address them.
Syllabus
Upcoming Offering
| Start date | End date | Location | Delivery Method | Session No. | Primary & (Interpretation) language | Apply |
|---|---|---|---|---|---|---|
| March 20, 2023 | March 31, 2023 | Singapore, Singapore | In-person Training | ST 23.01 | English | Deadline passed |
| April 10, 2023 | April 21, 2023 | New Delhi, India | In-person Training | SA 23.11 | English | Deadline passed |
| June 12, 2023 | June 23, 2023 | Kuwait City, Kuwait | In-person Training | CE 23.17 | English | Apply online by March 31, 2023 |
| July 31, 2023 | August 11, 2023 | Vienna, Austria | In-person Training | JV 23.22 | English | Apply online by May 7, 2023 |
| December 4, 2023 | December 15, 2023 | Vienna, Austria | In-person Training | JV 23.37 | English | Apply online by September 10, 2023 |
Financial Programming and Policies (FPP)
English | June 19-30, 2023 | In-person Training | Singapore, Singapore
Apply online by March 20, 2023
Nowcasting (NWC)
English | July 3-14, 2023 | In-person Training | Singapore, Singapore
Apply online by March 24, 2023