Cover IMF How To Notes
How to Implement Strategic Foresight (and Why)
Author:
Mr. Alberto Behar
Search for other papers by Mr. Alberto Behar in
Current site
Google Scholar
PubMedClose
and
Sandile Hlatshwayonull

Search for other papers by Sandile Hlatshwayo in
Current site
Google Scholar
PubMedClose
Series:
IMF How To Notes
Volume/Issue:
Volume 2021: Issue 010
Language:
English
Publication Date:
22 Dec 2021
DOI:
https://doi.org/10.5089/9781513593869.061
ISBN:
9781513593869
ISSN:
2522-7912
Pages:
41
Keywords:
risk-preparedness framework; Policy game; data IMF Library; guidance note; scenario planning; Futures; Stress testing; Emerging and frontier financial markets; COVID-19; Global
Legal-disclaimer:
Fiscal Affairs Department (FAD) How to Notes offer practical advice from IMF staff members to policymakers on important fiscal issues. The views expressed in FAD How to Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (7.1 MB) Download Epub
This note explains the value of strategic foresight and provides implementation advice based on the IMF’s experience with scenario planning and policy gaming. Section II provides an overview of strategic foresight and some of its tools. Scenario planning and policy gaming have been the Fund’s main foresight techniques so far, though other tools have been complementary. Accordingly, section III focuses on the scenario planning by illustrating applications before detailing the methods we have been using, while section IV describes policy gaming including the matrix policy gaming approach with which we have experimented so far. Section V summarizes the key points. In so doing, the note extends an invitation to those in the economics and finance fields (e.g., researchers, policymakers) to incorporate strategic foresight in their analysis and decision making.
  • Collapse
  • Expand
Cover IMF How To Notes
IMF How To Notes
ISSN:
2522-7912
Publisher:
International Monetary Fund
Volume 2021: Issue 010