Macroframework Foundations Tool (MFT) 1.0: User Manual
Technical Notes and Manuals, August 12, 2025
Source details
- Canonical URL
- Macroframework Foundations Tool (MFT) 1.0: User Manual
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Bibliographic details
- Authors: Tubagus Feridhanusetyawan, Amgad Hegazy, Marie Pierre Aquino Coste, Michal Andrle, Robert J Corker, Fernando L Delgado
- Published: August 12, 2025
- Series: Technical Notes and Manuals
- DOI: https://doi.org/10.5089/9798229009256.005
Overview
- MFT 1.0 is a basic version of the Macroframework Foundations Tool developed by the IMF Institute for Capacity Development (ICD).
- Purpose: operational guidance for building and customizing a multi-sector macroeconomic framework for forecasting and policy analysis.
- Conceptual basis: structure based on the standard four-sector framework of Financial Programming and Policies (FPP) used by IMF staff, with greater sectoral aggregation and lower data requirements.
- Key methodological distinction: uses behavioral equations for generating projections and incorporates explicit feedback loops between variables across sectors, as opposed to the standard accounting-based FPP framework.
- Intended role: a simple but powerful tool to produce consistent macroeconomic projections from accounting and economic perspectives; not ready-to-use without country-specific building and customization.
Key features and design
- Version: MFT 1.0 (basic version while the tool is being further developed to incorporate more features).
- Sectoral design: based on the standard four-sector FPP framework but simplified via greater sectoral aggregation.
- Projection mechanism:
- Behavioral equations drive projections.
- Explicit feedback loops connect variables across sectors.
- Data requirements: designed to require less data than standard FPP frameworks.
- Extensibility:
- Can be extended to incorporate a longer projection horizon.
- Can be extended to include greater sectoral detail.
- Can be adapted to different policy environments.
- Deliverables accompanying the manual:
- Excel template: "TNM 2025-11 - Macroframework Foundations Tool (MFT) 1.0 - Macrofoundland.xlsm"
Operational aspects and usage guidance
- Customization: the MFT is not a ready-to-use tool; it needs to be built and tailored to a specific country context using the User Manual and accompanying Excel template.
- Use cases:
- Producing consistent macroeconomic projections that reconcile accounting and behavioral perspectives.
- Forecasting and policy analysis within a simplified multi-sector framework.
- Implementation considerations:
- Users should map country data to the aggregated sectoral structure of MFT.
- Users should calibrate behavioral equations and feedback loops to reflect country-specific dynamics.
- The basic version supports foundational forecasting tasks while further development will add features and complexity.
Limitations and recommended extensions
- Limitations:
- MFT 1.0 is a basic version and lacks some advanced features under development.
- Not immediately deployable without country-specific construction and calibration.
- Recommended extensions and future development paths:
- Extend projection horizon beyond the current basic setup.
- Increase sectoral detail where data permit.
- Incorporate alternative policy environment modules and more advanced behavioral specifications.
Publication and metadata (key statistics)
- Authors: Tubagus Feridhanusetyawan, Amgad Hegazy, Marie Pierre Aquino Coste, Michal Andrle, Robert J. Corker, Fernando L Delgado
- Publication date: August 12, 2025
- Series: Technical Notes and Manuals No. 2025/011
- Issue: 011
- Volume: 2025
- Pages: 64
- DOI: https://doi.org/10.5089/9798229009256.005
- Stock No: TNMEA2025011
- ISBN: 9798229009256
- ISSN: 2075-8669
- Accompanying Excel file: TNM 2025-11 - Macroframework Foundations Tool (MFT) 1.0 - Macrofoundland.xlsm
Source: Macroframework Foundations Tool (MFT) 1.0: User Manual — https://www.imf.org/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790
Content in this bundle
- Macroframework Foundations Tool