{ "title": "Macroframework Foundations Tool (MFT) 1.0: User Manual", "publication": "Technical Notes and Manuals, August 12, 2025", "sourceUrl": "https://www.imf.org/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790", "canonical": "https://www.imf.org/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790", "overlayPath": "/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790/index.md", "summary": "This User Manual discusses the operational aspects of the Macroframework Foundations Tool (MFT), a multi-sector macroeconomic framework for forecasting and policy analysis developed by the IMF Institute for Capacity Development (ICD). MFT 1.", "sections": [ { "heading": "Overview", "content": "- MFT 1.0 is a basic version of the Macroframework Foundations Tool developed by the IMF Institute for Capacity Development (ICD).\n- Purpose: operational guidance for building and customizing a multi-sector macroeconomic framework for forecasting and policy analysis.\n- Conceptual basis: structure based on the standard four-sector framework of Financial Programming and Policies (FPP) used by IMF staff, with greater sectoral aggregation and lower data requirements.\n- Key methodological distinction: uses behavioral equations for generating projections and incorporates explicit feedback loops between variables across sectors, as opposed to the standard accounting-based FPP framework.\n- Intended role: a simple but powerful tool to produce consistent macroeconomic projections from accounting and economic perspectives; not ready-to-use without country-specific building and customization." }, { "heading": "Key features and design", "content": "- Version: MFT 1.0 (basic version while the tool is being further developed to incorporate more features).\n- Sectoral design: based on the standard four-sector FPP framework but simplified via greater sectoral aggregation.\n- Projection mechanism:\n - Behavioral equations drive projections.\n - Explicit feedback loops connect variables across sectors.\n- Data requirements: designed to require less data than standard FPP frameworks.\n- Extensibility:\n - Can be extended to incorporate a longer projection horizon.\n - Can be extended to include greater sectoral detail.\n - Can be adapted to different policy environments.\n- Deliverables accompanying the manual:\n - Excel template: \"TNM 2025-11 - Macroframework Foundations Tool (MFT) 1.0 - Macrofoundland.xlsm\"" }, { "heading": "Operational aspects and usage guidance", "content": "- Customization: the MFT is not a ready-to-use tool; it needs to be built and tailored to a specific country context using the User Manual and accompanying Excel template.\n- Use cases:\n - Producing consistent macroeconomic projections that reconcile accounting and behavioral perspectives.\n - Forecasting and policy analysis within a simplified multi-sector framework.\n- Implementation considerations:\n - Users should map country data to the aggregated sectoral structure of MFT.\n - Users should calibrate behavioral equations and feedback loops to reflect country-specific dynamics.\n - The basic version supports foundational forecasting tasks while further development will add features and complexity." }, { "heading": "Limitations and recommended extensions", "content": "- Limitations:\n - MFT 1.0 is a basic version and lacks some advanced features under development.\n - Not immediately deployable without country-specific construction and calibration.\n- Recommended extensions and future development paths:\n - Extend projection horizon beyond the current basic setup.\n - Increase sectoral detail where data permit.\n - Incorporate alternative policy environment modules and more advanced behavioral specifications." }, { "heading": "Publication and metadata (key statistics)", "content": "- Authors: Tubagus Feridhanusetyawan, Amgad Hegazy, Marie Pierre Aquino Coste, Michal Andrle, Robert J. Corker, Fernando L Delgado\n- Publication date: August 12, 2025\n- Series: Technical Notes and Manuals No. 2025/011\n- Issue: 011\n- Volume: 2025\n- Pages: 64\n- DOI: https://doi.org/10.5089/9798229009256.005\n- Stock No: TNMEA2025011\n- ISBN: 9798229009256\n- ISSN: 2075-8669\n- Accompanying Excel file: TNM 2025-11 - Macroframework Foundations Tool (MFT) 1.0 - Macrofoundland.xlsm\n\nSource: Macroframework Foundations Tool (MFT) 1.0: User Manual — https://www.imf.org/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790\n\n---\n\n Content in this bundle\n\n- Macroframework Foundations Tool\n - Macroframework Foundations Tool (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Macroframework Foundations Tool (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790" } ], "bullets": [ "[Markdown version](/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790/index.md)", "[Structured JSON version](/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790/index.json)", "[Bundle manifest](/en/publications/tnm/issues/2025/08/12/macroframework-foundations-tool-mft-1-566790/bundle-manifest.json)", "Authors: Tubagus Feridhanusetyawan, Amgad Hegazy, Marie Pierre Aquino Coste, Michal Andrle, Robert J Corker, Fernando L Delgado", "Published: August 12, 2025", "Series: Technical Notes and Manuals", "DOI: https://doi.org/10.5089/9798229009256.005", "MFT 1.0 is a basic version of the Macroframework Foundations Tool developed by the IMF Institute for Capacity Development (ICD).", "Purpose: operational guidance for building and customizing a multi-sector macroeconomic framework for forecasting and policy analysis.", "Conceptual basis: structure based on the standard four-sector framework of Financial Programming and Policies (FPP) used by IMF staff, with greater sectoral aggregation and lower data requirements.", "Key methodological distinction: uses behavioral equations for generating projections and incorporates explicit feedback loops between variables across sectors, as opposed to the standard accounting-based FPP framework.", "Intended role: a simple but powerful tool to produce consistent macroeconomic projections from accounting and economic perspectives; not ready-to-use without country-specific building and customization.", "Version: MFT 1.0 (basic version while the tool is being further developed to incorporate more features).", "Sectoral design: based on the standard four-sector FPP framework but simplified via greater sectoral aggregation.", "Projection mechanism:", "Data requirements: designed to require less data than standard FPP frameworks.", "Extensibility:", "Deliverables accompanying the manual:", "Customization: the MFT is not a ready-to-use tool; it needs to be built and tailored to a specific country context using the User Manual and accompanying Excel template.", "Use cases:", "Implementation considerations:", "Limitations:", "Recommended extensions and future development paths:", "Authors: Tubagus Feridhanusetyawan, Amgad Hegazy, Marie Pierre Aquino Coste, Michal Andrle, Robert J. 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