Macroeconomics Module for RBI General Inductees
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- Macroeconomics Module for RBI General Inductees
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Bibliographic details
- Session: SA 23.08
- Location: New Delhi, India
- Dates: February 6-10, 2023 (1 week)
- Delivery method: In-person Training
- Primary language: English
Target audience, qualifications, and pre-requisites
- Target audience: Inductees into the RBI's General cadre.
- Qualifications: Successful candidates inducted into the RBI's General cadre through its competitive selection process.
- Pre-requisites: A background in economics would be useful but not essential.
Course description
- Purpose: Strengthen participants' ability to assess a country's macroeconomic situation.
- Analytical scope includes:
- 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.
- Pedagogical approach: Concepts are applied to India to illustrate its current macroeconomic opportunities and challenges, and to demonstrate practical tools for day-to-day macroeconomic analysis and policymaking.
Course objectives
Upon completion of the workshop, 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.