Climate in Macroeconomic Frameworks (CMF)

Source details

Government officials from ministries of finance, central banks, and other government agencies involved in monitoring and assessing the macroeconomic implications of climate change and related policies.

Expected qualifications:
- Advanced degree in economics or equivalent experience.
- Proficiency in the use of Microsoft Excel.
- Comfortable using quantitative software such as EViews or Matlab (specific knowledge not required).
- Recommended first complete the online Macroeconomics of Climate Change: Science, Economics, and Policies.
Course format and mandatory requirements:
- The course will run in a blended format, consisting of two parts.
- Selected participants will first complete three mandatory short self-paced online learning segments during January 21-24, 2025.
- The in-person portion of the course will be held at IMF headquarters in Washington, DC during February 3-7, 2025.
- Completing both the online and in-person parts of the course will be required for successful completion of the course in order to receive the course certificate.

Purpose:
- Provide participants with macroeconomic Excel-based frameworks, tools, and models for integrating climate considerations in policy formulation.
- Equip participants to take into account climate-related economic risks and vulnerabilities.
Rationale:
- With the impact of climate change on the economic activity becoming ever more pronounced and with climate policies expected to reshape many economies, government officials are facing the challenge of incorporating these effects into their macroeconomic frameworks.

Upon completion of this course, participants should be able to:

Work with climate data to help analyze the macroeconomic impact of climate change issues.
Account for climate shocks in macroeconomic frameworks.
Evaluate public debt dynamics following natural disasters and the benefits of investing in resilient infrastructure.