TARGET GROUP | Junior to senior officials interested in understanding 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, provides an overview of the 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 the core macrofiscal topics needed to analyze fiscal policy. The learning units include 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 better understand how fiscal policy can affect the economy and the related tools of analysis.
OBJECTIVES | Upon completion of this course, participants should be able to:
• Discuss the role of fiscal policy in attaining such government objectives as macro-stability, equity and efficiency, and sustainable long-term growth
• Use the tools and techniques acquired to assess the country’s fiscal stance, fiscal multipliers, and debt sustainability
• Review the concepts and best practices that are central to tax and expenditure policy