Macroeconomic Diagnostics (MDSx)

Source details

Some knowledge of economics is helpful.
Basic Microsoft Excel skills are required.
Access to a computer with a reliable Internet connection and a Google Chrome web browser is essential.

All government officials are welcome to register.
Particularly relevant for officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macro-economy and making projections.
The course is offered in English and French.

Presented by the Institute for Capacity Development.
Designed to strengthen participants’ ability to assess a country’s macroeconomic situation with emphasis on practical tools for day-to-day macroeconomic analysis.
Covers assessments of:
- the current state of the macroeconomy;
- the stance of fiscal and monetary policy;
- financial stability; and
- the medium-term prospects of the economy, taking into account the sustainability of public and external debt, possible misalignments of the exchange rate, and vulnerabilities arising in the different sectors.
Uses a case study to illustrate application of these tools and to show how they can contribute 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, 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.
Identify possible external and internal economic risks and vulnerabilities to economic growth and identify policies to address them.