Virtual : Macroeconomic Diagnostics (MDS)

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Virtual : Macroeconomic Diagnostics (MDS)

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Bibliographic details

• Session: SA 21.28V
• Location: New Delhi, India
• Dates: September 27, 2021 - October 7, 2021 (2 weeks)
• Delivery method: Virtual Training
• Primary language: English
• Status: Deadline passed

Overview and logistics

• Session No.: SA 21.28 V
• Location: New Delhi, India
• Date: September 27, 2021 - October 7, 2021 (2 weeks) New dates
• Delivery Method: Virtual Training
• Primary Language: English
• Status: Deadline passed
• 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 and prerequisites

• Expected background:
  • Advanced degree in economics or equivalent experience.
  • Good quantitative skills.
  • Proficiency in the use of Microsoft Excel.
• Strong recommendation:
  • Applicants have completed the online FinancialProgramming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1 x) or the online Macroeconomic Diagnostics (MDSx) course.

Course description

• Presented by the Institute for Capacity Development.
• Purpose: Strengthen participants’ ability to comprehensively assess a country’s macroeconomic situation.
• Emphases:
  • Practical tools for day-to-day macroeconomic analysis.
  • Case studies relevant to the region where the course is given to illustrate application of tools and contribution to policymaking.

Core analytical areas covered

• Assess the current state of the economy, including:
  • Potential output and output gaps.
  • The stance of fiscal and monetary policy.
  • Financial stability and financial sector soundness indicators.
  • Exchange rate misalignments.
  • Vulnerabilities in different sectors.
• Medium-term outlook analysis:
  • Sustainability of public debt.
  • Sustainability of external debt.
• Risk identification:
  • Possible external and internal economic risks and vulnerabilities to economic growth.

Course objectives (learning outcomes)

• 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.

References

• Virtual Training