Ability to assess a country’s macroeconomic situation is a critical first step to the formulation of monetary policy. As the economy becomes complex with the increasing interconnectivity among macroeconomic sectors within and across economic boundaries, there is a pressing need to equip economic analysts and technical staff of central banks with diagnostic and analytic tools that are not well covered in the macroeconomic textbooks or in university courses.

Objectives: The Course aims to enable participants to assess a country’s macroeconomic situation using practical tools in day-to-day macroeconomic analysis of developments in complex economies. In particular, at the end of the Course, participants will be able to: (i) explain the current state of the macro-economy of a country; (ii) assess the medium-term flows, balance-sheet effects, and sustainability; and (iii) measure the macroeconomic effects of policy.

Resource Persons: The faculty of resource persons will mainly be drawn from the IMF Institute, experts and practitioners from central banks in the region.

Target Group: Mid- to senior-level officials from central banks or monetary authorities who are highly involved in assessing overall macroeconomic developments and prospects. Participants are expected to have an advanced degree or equivalent experience, good quantitative skills, and proficiency in the use of computer to analyse data.