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Macroeconomics Foundation Training for Reserve Bank of India for Incoming Economists

Invitation

Session No.: SA 25.08

Location: Mumbai, India

Date: January 13-24, 2025 (2 weeks)

Delivery Method: In-person Training

Primary Language: English

    Target Audience

    Junior officials who have recently joined the Reserve Bank of India with adequate quantitative methods background and interested in understanding and analyzing the conduct of macroeconomic and financial sector policies.

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    Qualifications

    Participants are expected to have an advanced degree in economics or equivalent experience and be comfortable using Microsoft Excel.

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    Course Description

    This course, presented by the IMF Institute for Capacity Development, is designed to strengthen participants' ability to comprehensively assess a country's macroeconomic situation, including the current state of the economy; the stance of fiscal and monetary policy; financial stability; exchange rate misalignments; vulnerabilities in the different sectors; and the medium-term outlook, especially the sustainability of public and external debt. The course emphasizes practical tools for use in day-to-day macroeconomic analysis and relies on case studies relevant to the region where the course is given to illustrate how these tools are applied and how they can contribute to the policymaking process.

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    Course Objectives

    Upon completion of this course, participants should be able to: 

    • Analyze potential output and calculate output gaps and diagnose the outlook for the economy. 
    • Assess the stance of current fiscal, monetary and exchange rate, and financial policies. 
    • Assess macro-financial linkages, including through the analysis of financial sector soundness indicators. 
    • Assess the medium-term prospects of the economy, especially the sustainability of public and external debt, and identify impediments to long-term growth. 
    • Identify possible external and internal economic risks and vulnerabilities to economic growth and identify policies to address them.
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