Financial Programming and Policies, Part 2: Program Design

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Target audience: Officials in ministries of finance, economy, planning and in central banks who advise on or help implement macroeconomic and financial policies.
Qualifications: Some knowledge of economics is helpful. Basic Microsoft Excel skills are essential.

Builds on the FPP.1 x course to expand participants' understanding of the design and application of macroeconomic and financial policies.
Presents simple forecasting methods for each macroeconomic sector.
Explains the baseline assumptions for the diagnosis of macroeconomic performance.
Demonstrates the preparation of a macroeconomic adjustment program for a case study country.

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

Construct baseline projections of the real, external, government, and monetary sectors using sector-specific variables.
Describe the relationships between the sectors in both accounting and behavioral terms.
Create consistent one-year economic projections on the assumption that policies do not change.
Use a macroeconomic model to analyze how policy changes affect a forecast.
Identify and appraise the economic vulnerabilities inherent in an emerging market economy.
Prepare a macroeconomic policy scenario using a given set of data.