Macroeconomic Diagnostics

Source details

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.

Program: Macroeconomic Diagnostics (MDS) presented by the IMF Institute for Capacity Development.
Session No.: CT 19.14
Location: Dalian, China
Date: October 21, 2019 - November 1, 2019 (2 weeks)
Primary Language: English
Interpretation Language: Chinese

Participants should have an advanced degree in economics or equivalent experience.
Required skills: good quantitative skills and proficiency in the use of Excel.
Recommendation: It is strongly recommended that applicants complete the online FPP.1 x and FFP.2 x courses or the face-to-face equivalent.

Purpose: To strengthen participants’ ability to comprehensively assess a country’s macroeconomic situation.
Key diagnostic areas covered:
- Current state of the economy.
- Stance of fiscal and monetary policy.
- Financial stability.
- Exchange rate misalignments.
- Vulnerabilities in the different sectors.
- Medium-term outlook, especially the sustainability of public and external debt.
Emphasis: Practical tools for day-to-day macroeconomic analysis.
Methodology: Relies on case studies relevant to the region where the course is given to illustrate application of tools and contributions to the policymaking process.

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.