Financial Programming

Co-Sponsors

CEMLA

Content

The topics that will be analyzed in the Course includes: i) statistics, economic concepts, identities and budget constraint of the four sectors: real, monetary, fiscal and external; ii) projection of key economic variables for each sector; projection of a baseline scenario; iii) interrelations among sectors, the economy’s budget constraint, and the flow of funds matrix; iv) nominal and real, bilateral and effective, exchange rates, principles of external and fiscal sustainability; v) stages of financial programming: baseline scenario, diagnosis, programa scenarios with different aggregated risks; vi) financial programming in the context of monetary and inflation targeting, different degrees of dollarization of the economy, and large inflows or outflows of capital.

Objective

Expanding participant´s understanding of theoretical and practical aspects of financial programming. The Course highlights the importance of a feasible and consistent financial program for the economy as a whole, considering the fundamental macroeconomic identities as well as the sectoral budgetary restrictions.

Aimed at

Professionals from central banks in charge of financial programming or economic analysis and, in particular, of macroeconomic analysis, as well as those responsible of macroeconomic forecasting.

Coordinators

Jesús Cervantes G.
Manager of Economic Statistics
+52 55 5061 6661 y +52 55 5061 6663
jcervantes@cemla.organd mramirez@cemla.org

Salvador Bonilla
Deputy Manager of Economic Statistics
+52 55 5061 6673
sbonilla@cemla.org