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.