Selected Macroeconomic Issues for Mid-Career Indian Economic Services Officers
Target Audience
Mid-level to senior officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.
Qualifications
Participants should have an advanced degree in economics or equivalent experience good quantitative skills and proficiency in the use of Excel. It is strongly recommended that applicants complete the online FPP.1x and FFP.2x courses or the face-to-face.
Course Description
This course covers selected macroeconomic issues. The course explains the principal features of the four main macroeconomic sectors (real fiscal external and monetary) and their interlinkages including macro-fiscal and macro-financial aspects how to diagnose macroeconomic imbalances and financial stability risks and correct them through a coordinated set of adjustment policies. In addition this course reinforces some of the basic macroeconomic forecasting and modeling skills using selected econometric techniques. The course will help participants identify possible external and internal economic and financial sector risks and vulnerabilities to economic growth and identify policies to address them.
Course Objectives
Upon completion of this course 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 and exchange rate and financial policies.
- Assess macro-financial linkages including capital flows and understand some aspects of financial regulation and macro prudential policies.
- 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.