JVI is gradually resuming classroom delivery. Courses not labelled as virtual are scheduled to take place at JVI, but may have to be delivered virtually in case safe travel to and in-person training in Vienna will not be possible. The decision to offer virtual instead of onsite training will be made within 5 weeks of the course start date.
TARGET GROUP | Officials from ministries of finance, economy, planning and central banks who advise on or help implement macroeconomic and financial policies. Participants are expected to have a degree in economics or equivalent experience and be proficient in the use of spreadsheets. It is strongly recommended that applicants have completed the online Financial Programming and Policies, Part 1: Macroeconomic Accounts and Analysis (FPP.1x) or the online Financial Programming and Analysis, Part 2: Program Design (FPP.2x) course.
DESCRIPTION | This course, presented by the Institute for Capacity Development, explains how to diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies. It covers the principal features of the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages, highlighting both accounting and behavioral relationships and using data from a country case study.
OBJECTIVES | Upon completion of this course, participants should be able to:
• Analyze economic and financial developments of a country in the region using historical data and a hands-on, Excel-based framework.
• Create consistent one-year macroeconomic projections on the assumption that policies do not change.
• Identify economic vulnerabilities and risks in a baseline scenario and policy measures to address them.
• Prepare an adjustment scenario that reflects the policy measures and their macroeconomic impact.
• Identify further policy goals and measures beyond the one-year horizon that will be incorporated into a medium-term framework.