Macroeconomics Foundation Course for Royal Monetary Authority
Source details
- Canonical URL
- Macroeconomics Foundation Course for Royal Monetary Authority
Other formats
Bibliographic details
- Session: SA 25.38
- Location: Thimphu, Bhutan
- Dates: September 8-12, 2025 (1 week)
- Delivery method: In-person Training
- Primary language: English
Overview
- Session No.: SA 25.38
- Course Description:
- This course provides junior officials in the Royal Monetary Authority's (RMA) and the Ministry of Finance, Government of Bhutan (MOF) general stream with a broad understanding of macroeconomic tools used to assess a country's macroeconomic situation.
- The program covers the current state of the economy; the stance of fiscal policy; financial stability; exchange rate and monetary policy regimes; vulnerabilities in the different sectors; and the medium-term outlook, especially the sustainability of public and external debt.
- Throughout the course, these concepts are applied to Bhutan to illustrate its current macroeconomic opportunities and challenges, and to demonstrate practical tools for use in day-to-day macroeconomic analysis and policy making.
Target Audience and Qualifications
- Target Audience:
- Junior officials in RMA and MOF who are directly involved in diagnosing the state of the macroeconomy and making projections.
- Qualifications:
- A background in economics would be useful but not essential.
Logistics
- Location: Thimphu, Bhutan
- Date: September 8-12, 2025 (1 week)
- Delivery Method: In-person Training
- Primary Language: English
Course Content and Themes
- Current state of the economy
- Stance of fiscal policy
- Financial stability
- Exchange rate and monetary policy regimes
- Vulnerabilities in the different sectors
- Medium-term outlook, especially the sustainability of public and external debt
- Application of concepts and practical tools to Bhutan's macroeconomic context for day-to-day analysis and policymaking
Course Objectives
- Analyze economic and financial developments of a country in the region using historical data.
- Analyze potential output and 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 risks and vulnerabilities to economic growth and identify policies to address them.
References