Macroeconomic Diagnostics (MDS)
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Bibliographic details
- Session: CT 19.06
- Location: Shenzhen, China
- Dates: May 20-31, 2019 (2 weeks)
- Primary language: English
- Interpretation language: Chinese
Target Audience and Qualifications
- Target Audience:
- Mid-level to senior officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.
- Qualifications:
- Advanced degree in economics or equivalent experience.
- Good quantitative skills.
- Proficiency in the use of Excel.
- Strong recommendation: applicants complete the online FPP.1 x and FFP.2 x courses or the face-to-face FPP and the online MDSx before enrolling in this course.
Course Description
- Purpose:
- 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;
- the medium-term outlook, especially the sustainability of public and external debt.
- Emphasis:
- Practical tools for day-to-day macroeconomic analysis.
- Reliance on case studies relevant to the region where the course is given to illustrate application of tools and contribution to the policymaking process.
Course Objectives
- Upon completion of this course, participants should be able to:
- Analyze potential output and calculate output gaps, and diagnose the outlook for the economy.
- Assess the stance of current fiscal, monetary and 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, and identify impediments to long-term growth.
- Identify possible external and internal economic risks and vulnerabilities to economic growth and identify policies to address them.
References