Structural Reforms and Assessment of their Economic Impact
This online course aims at teaching participants about the approaches based on data and economic analysis to assess the impact of reforms with real life examples. We will discuss the choice of assessment approaches, given the type of reform, policy area and data availability. More attention will be put into understanding the logic, applicability and limitations of different approaches to impact estimation rather than on the technical knowledge of individual methods of estimation.
About this online course
We will look at an example of Ministry of Labour, Family, Social Affairs and Equal Opportunities in Slovenia, that recently strengthened its analytical unit to be able to assess impact of policy measures and reforms prepared in the areas of labor market and social protection. Their work on data collection and developing analytical tools will be presented with some examples.
Institute of Macroeconomic Analysis and Development from Slovenia will present their work on impact estimation of structural reforms planned in Slovenia and of measures in the draft National Program for Recovery and Resilience. The methods used range from simpler ones to those based on economic models.
European Commission (Directorate General for Economic and Financial Affairs) will present both QUEST analysis and some in-debth analysis of selected policies. A lot of EC’s estimations are based on the QUEST model with some specific adjustments/extensions to address the measure/reform of interest. Presentation will evolve around the usage of QUEST model when studying important structural reform measures in National Reform Programs of different countries. On the other hand, their experts will present simpler methods like benchmarking, meta-analysis of existing regressions, etc. and are directly relevant for ERP reforms in policy areas on education and skills.
Ministry of Economy and Finance from Italy will present the impact estimation of selected measures in the Italian National Reform Program.
These are the four main learning objectives of the learning package.
- Familiarize participants with different methods for estimating the economic impact of structural reforms
- Build capacity to understand and use results of estimations with different methods
- Increase the technical skills to use different methods
- Exchange information on methods and approaches currently used by countries for their Economic Reform Programs
Who should attend
Finance officials from the CEF constituency countries and beyond are welcomed and strongly encouraged to apply. Employees of macro departments at ministries of finance and analytical departments at line ministries, analytical departments of central banks, members of the working group for the ERP preparation.
- Janez Šušteršič, CEF Associate Fellow, Professor of Economic Policy, former Minister of Finance of Slovenia
- Gonzalo Caprirolo, Ministry of Labour, Family, Social Affairs and Equal Opportunities, Slovenia
- Janez Kušar - Institute for Macroeconomic Analysis and Development, Slovenia
- Erik Canton, DG ECFIN, European Commission
- Anna Thum-Thysen, DG ECFIN, European Commission
- Anneleen Vandeplas, DG ECFIN, European Commission
- Giovanni Di Bartolomeo, Ministry of Economy and Finance, Italy
- Anže Burger, Faculty of Social Sciences, University of Ljubljana, Slovenia
This online course consists of 6 webinars. An indicative list of dates:
- Webinar 1 – March 1, 10:00 – 11:30 CET
- Webinar 2 – March 2, 10:00 – 11:30 CET
- Webinar 3 – March 3, 10:00 – 11:30 CET
- Webinar 4 – March 4, 10:00 – 11:30 CET
- Webinar 5 – March 8, 10:00 – 11:30 CET
- Webinar 6 – March 9, 10:00 – 11:30 CET
Applications need to be submitted no later than February 19 via the online application form. Candidates will first be approved by the CEF; confirmations will be sent to selected candidates by February 22. The course will be delivered in English and no translation will be provided.
This event is delivered as part of the EU funded multi-country project “Strengthening Line Ministries’ Capacities to Assess Fiscal Implications of Structural Reforms” (FISR) implemented by the CEF. Participation of public officials from Moldova is made possible by the Ministry of Finance of the Slovak Republic while Institute of Macroeconomic Analysis and Development from Slovenia, Ministry of Labour, Family, Social Affairs and Equal Opportunities from Slovenia and Ministry of Economy and Finance from Italy provide in-kind support to the delivery of this initiative.