Macroeconomic Diagnostics for IES Probationary Officers (MDS)

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Session No.: SA 23.36
Location: New Delhi, India
Date: October 16-27, 2023 (2 weeks)
Delivery Method: In-person Training
Primary Language: English
Target Audience:
- Official trainees of the recent IES Batch from the Institute of Economic Growth (IEG), Ministry of Finance, India.

Participants should have:
- An advanced degree in economics or equivalent experience,
- Good quantitative skills,
- Proficiency in the use of Excel.
Strong recommendation:
- Applicants should complete the online FPP.1 x and FFP.2 x courses or the face-to-face FPP and the online MDSx before enrolling in this course.

Presented by the IMF Institute for Capacity Development.
Designed to strengthen participants' ability to comprehensively assess a country's macroeconomic situation, including:
- The current state of the economy;
- The stance of fiscal and monetary policy;
- Financial stability;
- Exchange rate misalignments;
- Vulnerabilities in the different sectors;
- The medium-term outlook, especially the sustainability of public and external debt.
Emphasis on:
- Practical tools for day-to-day macroeconomic analysis.
- Case studies relevant to the region where the course is given to illustrate application of tools to policymaking.

Upon completion, participants should be able to:

Analyze potential output and 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, 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.