Thematic Area — Macroeconomic Statistics
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- Thematic Area — Macroeconomic Statistics
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Bibliographic details
- Published: October 23, 2018
Overview
- Curriculum purpose: Provide central bank officials, statisticians, policymakers, and financial sector practitioners with comprehensive knowledge and practical skills for compiling, analyzing, and disseminating macroeconomic and financial statistics.
- Emphasis: Applying internationally accepted standards to ensure data are accurate, reliable, and comparable across global benchmarks.
- Participants gain expertise in: compilation, analysis, dissemination, balance sheet analysis, linkages/exposures/risks, and leveraging big data and advanced technologies for macroeconomic monitoring.
Macrostatistics
- About: Build foundations in macroeconomic and financial statistics; deepen understanding of balance sheets of main sectors; acquire skills to leverage big data and advanced technologies.
- Target audience: Officials from central banks; national statistical organizations; and ministries of finance, economy, or planning working with macroeconomic and financial statistics.
- Illustrative learning path:
- Foundations in Macroeconomic Statistics
- Objective: Build a solid foundation in macroeconomic and financial statistics.
- Online: Compilation Basics for Macroeconomic Statistics (CBMSx) NEW
- Online: Data Standard Initiatives (DSIx)
- → Analyzing Financial Statistics
- Objective: Deepen understanding of the balance sheets of the main sectors of an economy—financial sector, central government, nonfinancial corporate and household sectors, and external sector—to analyze the linkages, exposures, and risks.
- Course: Balance Sheet Approach (BSA)
- → Big Data Applications
- Objective: Acquire the knowledge and skills to leverage big data and advanced technologies for generating high-frequency and detailed statistics to enhance macroeconomic monitoring and research in the region.
- Course: Big Data for Macroeconomic Statistics (BDMS)
Government Finance Statistics
- Curriculum goal: Equip learners with understanding of government finance and public sector debt statistics and tools to address complex cross-cutting issues.
- Target audience: Officials from central banks; ministries of finance, economy, and planning; and statistical organizations responsible for compiling and disseminating fiscal statistics and public sector debt statistics.
- Illustrative learning path:
- Public Sector Statistics Fundamentals
- Objective: Build a solid foundation in government finance and public sector debt statistics.
- Online: Government Finance Statistics (GFSx)
- Online: Public Sector Debt Statistics (PSDSx)
- → Advanced Public Sector Statistics
- Objective: Gain a deeper understanding of government finance and public sector debt statistics and addressing complex cross-cutting issues.
- Courses: Government Finance Statistics – Advanced (GFS-A); Public Sector Debt Statistics – Advanced (PDS-A)
National Accounts Statistics
- Coverage: Methodological framework, concepts, definitions for national accounts; compilation techniques for annual and quarterly national accounts; focus on institutional sector accounts.
- Target audience: Officials from central banks and national statistical organizations responsible for compiling national accounts statistics and short-term or monthly economic indicators.
- Illustrative learning path:
- Fundamentals of National Accounts Statistics
- Objective: Build a solid foundation in the methodological framework, concepts, and definitions relating to institutional sector accounts and balance sheets.
- Online: National Accounts Statistics (NASx)
- Online: Quarterly National Accounts (QNAx)
- Courses: National Accounts Statistics (NAS); High-Frequency Indicators of Economic Activity (IEA); Quarterly National Accounts (QNA)
- → Advanced National Accounts Statistics
- Objective: Deepen understanding of the compilation of annual and quarterly accounts and illustrate possible compilation techniques and procedures.
- Courses: National Accounts Statistics – Advanced (NAS-A); High-Frequency Indicators of Economic Activity – Advanced (IEA-A); Quarterly National Accounts – Advanced (QNA-A)
- → Specialized National Accounts Statistics
- Objective: Specialize in institutional sector accounts and balance sheets based on the framework of the national accounts, and illustrate possible compilation techniques and procedures.
- Online: Institutional Sector Accounts (ISAx)
- Courses: Institutional Sector Accounts (ISA); Institutional Sector Accounts – Advanced (ISA-A)
External Sector Statistics
- Focus: International standards for balance of payments, international investment position, and external debt statistics; specialized courses on cross-border position statistics and international trade in goods and services.
- Target audience: Officials from central banks and national statistical organizations responsible for compiling external sector statistics and familiar with the methodology of the balance of payments, international investment position, and external debt statistics.
- Illustrative learning path:
- External Sector Statistics Fundamentals
- Objective: Learn the conceptual statistical frameworks for the balance of payments, international investment position, and external debt statistics.
- Online: Balance of Payments and International Investment Position Statistics (BOP-IIPx)
- Course: Compilation of Balance of Payments Statistics (BPSCG)
- Online: External Debt Statistics (EDSx)
- → Advanced External Sector Statistics
- Objective: Deepen understanding of international standards for the compilation and analysis of balance of payments, international investment position, and external debt statistics.
- Courses: Balance of Payments and International Investment Position Statistics – Intermediate (BPIIPS-M); External Debt Statistics – Intermediate (EDS-M)
- → Specialized External Sector Statistics
- Objective: Specialize in cross-border position statistics and statistics on international trade in goods and services based on international standards and practical guides.
- Courses: Cross-Border Position Statistics (CBPS); Statistics on International Trade in Goods and Services (ITGS); International Reserves Statistics (IRS)
Price Statistics
- Coverage: Concepts and methods for compiling consumer, producer, export, and import price indexes; course on residential property price indexes.
- Target audience: Officials from central banks and national statistical organizations responsible for compiling consumer price indexes, producer price indexes, export and import price indexes, and residential property price indexes.
- Illustrative learning path:
- Price Statistics Fundamentals
- Objective: Build a solid foundation and a broad understanding of the concepts and methods required for compiling producer and consumer price indexes.
- Online: Producer Price Index (PPIx)
- Online: Consumer Price Index (CPIx)
- → Advanced Price Statistics
- Objective: Deepen understanding of the concepts and methods of compiling consumer, producer, export, and import price statistics.
- Courses: Producer, Export, and Import Price Statistics (PEI); Consumer Price Index - Advanced (CPI-A)
- → Specialized Price Statistics: Residential Property Price Indexes
- Objective: Identify key uses of residential property price indexes, review data sources and methods for compilation, and outline strategic issues for country-specific application.
- Online: Residential Property Price Indexes (RPPIx)
- Course: Residential Property Price Indexes (RPPI)
Financial Sector Statistics
- Purpose: Understand principles and concepts for collection, compilation, and analytical presentation of monetary statistics and financial soundness indicators; cover liquidity aggregates, financial corporation surveys, and securities statistics.
- Target audience: Officials from central banks and supervisory agencies of the financial sector involved in collection, compilation, and analysis of financial soundness indicators, monetary statistics, and securities statistics.
- Illustrative learning path:
- Monetary and Securities Statistics Fundamentals
- Objective: Learn principles and concepts for collection, compilation, and analytical presentation of monetary statistics; learn concepts, definitions, and methodology for financial soundness indicators.
- Online: Financial Soundness Indicators (FSIx)
- Online: Monetary and Financial Statistics (MFSx)
- Courses: Financial Soundness Indicators (FSI); Moneetary and Financial Statistics - Intermediate (MFS-M)
- → Advanced Monetary and Securities Statistics
- Objective: Deeper understanding of monetary statistics covering nonbank financial corporations; liquidity aggregates; compilation of financial corporate surveys to assess linkages and vulnerabilities; concepts of securities statistics including sectorization, valuation, accounting rules, and security-by-security databases.
- Courses: Monetary and Financial Statistics – Advanced (MFS-A); Reflecting Digitalization in Financial Sector Statistics – Introduction (FSS-DIG); Securities Statistics (SS)
Macro-relevant Environment and Climate Change Statistics
- Scope: Data supporting economic aspects of climate change—environmental statistics and the financial, cross-border, and fiscal impact—to assist countries in integrating climate into macroeconomic statistics and filling data gaps for policymaking.
- Target audience: Officials from national statistical organizations, ministries of finance, planning and environment bureaus, central banks, supervisory agencies of the financial sector, and other agencies responsible for compiling environment and climate change–related statistics and indicators.
- Illustrative learning path:
- Key Environmental Data
- Objective: Understand key climate change data to support more informed policy development.
- Course: Macro-relevant Environment and Climate Change Statistics (CCS)
- → Environmental Statistics Analysis
- Objective: Explore economic aspects of climate change: environmental statistics, financial and cross-border aspects, and fiscal impact.
- Courses: NEW Compilation of Macro-relevant Environment and Climate Change Statistics (CCMEC); Macro-relevant Environment and Climate Change Statistics – Workshop for Managers (CCS-M); Macro-relevant Climate Change Statistics: Climate Risks and Climate Finance (CRCF); Compilation of Energy and Air Emission Accounts (EAEA) (Available Online Soon)
References