Macroeconomics Foundation Course for RBI Economists

Source details

Target Audience:
- Junior officials who have recently joined the Reserve Bank of India with adequate background in quantitative methods and interested in understanding and analyzing the conduct of macroeconomic and financial sector policies.
Qualifications:
- Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel.

Presented by the IMF Institute for Capacity Development.
Designed to strengthen participants' ability to comprehensively assess a country's macroeconomic situation, including:
- 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.
Emphasis:
- Practical tools for use in day-to-day macroeconomic analysis.
- Reliance on case studies relevant to the region to illustrate application of tools and contribution to the policymaking process.

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

Analyze potential output, 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.