User Guide: A “Basic” Multiannual Macroeconomic Programming Exercise.

      Аннотация: 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.

Ключевые слова: macroeconomic programming, macroeconomic sustainability, financial programming