TARGET GROUP | Junior- to senior-level officials interested in the analysis of fiscal policy and its macroeconomic implications. Participants should have taken undergraduate courses in macroeconomics, or have equivalent experience, and have a basic background in microeconomics and econometrics.
DESCRIPTION | This two-week course, presented by the IMF’s Institute for Capacity Development, aims at providing an overview of the key fiscal policy concepts and techniques used to analyze how fiscal policy can help ensure macroeconomic stability and sustainable long-term growth. This hands-on course is built around core macro-fiscal topics needed to analyze fiscal policy. Units will be substantiated by general empirical findings, Excel-based workshops, case studies, and selected topics of regional interest. The course will be of interest to officials who wish to gain a broad understanding of the impact of fiscal policy on the economy and related tools of analysis.
Upon completion of this course, participants should be able to:
• Discuss the role of fiscal policy in attaining the key objectives of the government: macro-stability, equity and efficiency, and sustainable long-term growth
• Use the tools and techniques to assess the fiscal stance, fiscal multipliers, and debt sustainability
• Review the key elements of tax and expenditure policy: concepts and best practices