Macroeconomic Diagnostics (MDSx)

Source details

Session No.: OL 24.115
Location: Course conducted online
Date: January 1, 2024 - April 15, 2024 (15 weeks)
Delivery Method: Online Training
Primary Language: English
Status: Deadline passed
Qualifications: Some knowledge of economics is helpful. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.
Target Audience: All government officials are welcome to register. The course is particularly relevant for officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macro-economy and making projections. The course is offered in English and French.

Presented by the Institute for Capacity Development.
Designed to strengthen participants' ability to assess a country's macroeconomic situation with an emphasis on practical tools for day-to-day macroeconomic analysis.
Core assessment areas covered:
- The current state of the macroeconomy.
- The stance of fiscal and monetary policy.
- Financial stability.
- Medium-term prospects of the economy, including sustainability analyses and sectoral vulnerabilities.
Specific analytical topics explicitly included:
- Sustainability of public and external debt.
- Possible misalignments of the exchange rate.
- Vulnerabilities arising in different sectors.
Pedagogical approach: Uses a case study to illustrate application of tools and to show how they can contribute to the policymaking process.

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 identify policies to address them.