To comprehend the economy with all the complex interactions between economic agents, each country should prepare proper (macro) economic analysis. Mistakes and errors lead to production of inprecise policies. Thus, finance officials need to learn appropriate tools to obtain reliable analysis results that can lead to introduction of smart policies and reforms. DAP focuses on two thematic perspectives:
Compilation and dissemination of macroeconomic statistics
Macroeconomic statistics includes a wide range of key statistics for the whole economy. They are the backbone for economic analysis and for estimating the effects of different policy measures on the economy. Besides the theoretical framework, the general focus of DAP program is on practical challenges that institutions face daily and providing additional depth to specific thematic areas of macroeconomic statistics.
Macro/Micro-economic analysis and forecasting
Macro/Micro-economic analysis and forecasts serve as a base in the processes of government policies' planning and central bank's policy design. In our workshops we focus on strengthening analytical skills of public officials in the areas of: (a) data accessibility and data quality, (b) developing analytical capacities while concentrating on methodologies and econometric techniques on one side and effective on-the job application of tools and models on the other side, (c) understanding and communicating the outcomes of analysis to all interested stakeholders. In DAP learning program you find both (1) policy orientated learning initiatives – focus on how to use different methodolgies or tools when addressing a certain policy measure or policy mix and (2) methodological learning initiatives – focus on econometric modeling and techniques. Aspects of data quality and understanding and communication are mostly integrated in the above mentioned learning initiatives.
The primary target audience of this program are officials from:
- Central banks and Financial stability authorities
- Ministries of finance and Line ministries
- Statistical offices
- Fiscal Councils
- Macroeconomic research institutes
- Tax administrations