TARGET GROUP | Officials of all levels in central banks and ministries of finance, involved in monitoring and assessing vulnerabilities and risks at the country and regional levels. Participants are expected to have an advanced degree in economics or equivalent experience, a basic background in econometrics, and familiarity with the use of software for econometric applications.
DESCRIPTION | This two-week course, presented by the IMF’s Institute for Capacity Development, complements the Macroeconomic Diagnostics (MDS) course by strengthening participants’ ability to assess fiscal, financial, and external vulnerabilities in an integrated fashion through the use of several diagnostics tools aimed at capturing tail risks.
Upon completion of this course, participants should be able to:
• Identify appropriate measures of fiscal, financial, and external vulnerabilities
• Describe how vulnerabilities can arise as a result of adverse shocks and/or flawed policies, and how these vulnerabilities can morph into crises
• Implement a set of diagnostics tools to track measures of vulnerabilities and predict indicators of tail risks, including selected tools currently employed in IMF surveillance
• Adapt selected diagnostic tools to their country data and circumstances organized as templates of country vulnerability reports