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General Macroeconomic Analysis

Batch 2 - Selected Macroeconomic Issues for the IES Mid-Career Officers

Invitation

Session No.: SA 23.41

Location: New Delhi, India

Date: December 11-22, 2023 (2 weeks)

Delivery Method: In-person Training

Primary Language: English

    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.

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    Qualifications

    Participants should preferably have an advanced degree in economics or equivalent experience.

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    Course Description

    This course covers a broad range of macroeconomic issues. The course analyzes the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages including macro-fiscal and macro-financial aspects, and how to diagnose macroeconomic imbalances and financial stability risks. The course will at all times relate the theoretical material to the Indian context and help participants develop a deeper understanding of India's present economic opportunities and challenges.

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    Course Objectives

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

    • Analyze potential output and calculate output gaps and diagnose the outlook for the Indian economy.
    • Assess the stance of current fiscal, monetary and exchange rate, and financial policies.
    • Assess macro-financial linkages and understand some aspects of financial regulation and macro prudential policies.
    • 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.
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