User Guide: A "Basic" Multiannual Macroeconomic Programming Exercise

For many purposes, it is useful to determine whether, or to show that, a nation's per-capita real consumption, balance of payments and fiscal accounts are on financially-sustainable medium-term trajectories. This User Guide describes the Excel workbook DoMQ.xlsm, a "basic" multiannual macroeconomic programming exercise for the Dominican Republic. Part A introduces the exercise and describes its purpose. Part B briefly summarizes what the user needs to know to "get started." Part C describes the workbook's overall structure and its various worksheets. Part D describes an illustrative sensitivity analysis. The essential point is that useful, credible multiannual macroeconomic projections can be formulated using straightforward techniques. Similar projection exercises could be developed for other economies.

Autorentext

Paul Beckerman provides consulting services in macroeconomic and financial analysis, including macroeconomic programming. Since the early 1980s, he has worked on stabilization policy and financial development in Latin America, Africa, India, and southeast Asia, for various institutions. He has been an independent consultant since 2001.