Financial Programming and Policies
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Bibliographic details
- Session: JV 24.02
- Location: Vienna, Austria
- Dates: February 5-16, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Russian
- Status: Deadline passed
Target audience and qualifications
- Target audience:
- Officials from central banks and ministries of finance, economy, and planning who advise on or help implement macroeconomic and financial policies.
- Expected qualifications:
- Degree in economics or equivalent experience.
- Proficiency in the use of spreadsheets.
- It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1 x) course.
- The course description also notes the online Financial Programming and Analysis, Part 2: Program Design (FPP.2 x) as an alternative recommended preparatory course.
Course description and scope
- The course explains how to diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies.
- Coverage:
- Principal features of the four main macroeconomic sectors: real, fiscal, external, and monetary.
- Interlinkages among sectors, highlighting both accounting and behavioral relationships.
- Use of data from a country case study.
- Hands-on, Excel-based framework for analysis and projection.
Learning objectives and participant outcomes
Upon completion of the course, participants should be able to:
- Analyze economic and financial developments of a country in the region using historical data and a hands-on, Excel-based framework.
- Create consistent one-year macroeconomic projections on the assumption that policies do not change.
- Identify economic vulnerabilities and risks in a baseline scenario and policy measures to address them.
- Prepare an adjustment scenario that reflects the policy measures and their macroeconomic impact.