Macroeconomic Diagnostics (MDS)

Source details

Presented by the Institute for Capacity Development.
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.
Delivery Method: In-person Training
Primary Language: English
Session No.: CE 24.14
Location: Abu Dhabi, United Arab Emirates
Date: May 27, 2024 - June 7, 2024 (2 weeks)
Status: Deadline passed

Participants are expected to have an advanced degree in economics or equivalent experience.
Good quantitative skills and proficiency in the use of Microsoft Excel are required.
It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1 x) or the online Macroeconomic Diagnostics (MDSx) course.

Designed to strengthen participants’ ability to comprehensively assess a country’s macroeconomic situation.
Emphases include:
- Assessing the current state of the economy.
- Evaluating the stance of fiscal and monetary policy.
- Analyzing financial stability and exchange rate misalignments.
- Identifying vulnerabilities in different sectors.
- Developing the medium-term outlook, with particular attention to the sustainability of public and external debt.
The course emphasizes practical tools for day-to-day macroeconomic analysis.
Relies on case studies relevant to the region where the course is given to illustrate application of tools to policymaking.

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.