Summer school
We are happy to announce the commencement of our Summer School program.
Overview
Our Summer School currently consists of:
- Day 1-5: Foundations of DSGE Macro-Modelling: This course starts with closed economy New Keynesian (NK) DSGE model. It will then progress to the estimation of the model by Bayesian methods and finish by showing how the model can be used to study optimal monetary policy and open NK DSGE model.
- Day 6-8: Three-day course on international trade, with a focus on gravity models and international trade frictions.
Programme
Foundations of DSGE Macro-Modelling
The main goal of the Foundations of DSGE Modelling course is to provide instructions on the construction and estimation of Dynamic Stochastic General Equilibrium (DSGE) models and for their use for policy analysis. It begins with the basics of Dynare and proceeds to the construction of a closed economy NK DSGE model. It will then progress to the estimation of the model by Bayesian methods and finish by introducing optimal monetary policy and open NK DSGE model.
This course is Dynare-based and is aimed at:
- PhD, MSc or MRes students aiming to proceed to a PhD and early researchers who want to learn about DSGE modelling.
- Researchers and practitioners working at central banks, as well as at other private and public institutions who intend to construct or use DSGE models.
We require participants to have some prior experience with macroeconomic models and dynamic optimization and a basic knowledge of MATLAB, but no prior knowledge of Dynare is necessary.
This consists of a two-day course in gravity modelling followed by a one-day course in topics in international trade.
The first two days of summer school will introduce the theoretical background of the gravity equation, its main applications for economic policy, and the challenges faced in the estimation of the gravity equation using international trade data. Students will be introduced to the estimation of gravity models using different econometric approaches, including pseudo-maximum likelihood estimators. The third day will consist of three separate two-hour sessions on topics that will expand on issues related to international trade flows beyond the standard gravity equation approach.
This summer school is suitable for PhD students and advanced masters students with a focus on international trade. It is also suitable to practitioners and policymakers working on international trade, with especial interest in applications of gravity models and in deepening their understanding of the determinants of trade flows. The first two days of the course assumes basic undergraduate-level knowledge of econometric methods and familiarity with basic Stata commands.
We have had participants at our Summer Schools (PDF) representing over 350 institutions from all over the world, including leading central banks and leading universities.
Upcoming courses
Students can either apply for one of the full summer school courses, or they can apply for both courses.
Further information
Should you require any further information or for enquiries please contact the CIMS team.
The courses have been taught by the following instructors over the years:
Instructor | Years taught | Courses taught |
---|---|---|
Tamon Asonuma | 2021, 2022 | Sovereign debt and default |
Holger Breinlich | 2022 | International Trade and Gravity Models |
2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 | Foundations, financial frictions, Tractable Heterogeneous Agents Models | |
2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 | Foundations, Advanced Topics, occasionally binding constraints and simple non-linear estimation | |
2013, 2014, 2015, 2016 | Foundations, DSGE-VAR models and forecasting | |
2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021 | Foundations, emerging open economies, DSGE-VAR | |
Eric Golson | 2022 | International Trade and Gravity Models |
2014, 2015, 2016, 2017, 2018 | Advanced Topics, occasionally binding constraints and simple non-linear estimation | |
2020, 2021, 2022 | Credit Market Imperfections and Poverty Traps | |
2019, 2021 | Robust Qualitative Methods for Macro | |
Hyungseok Joo | 2020, 2021, 2022 | Advanced Topics, Sovereign Debt and Default |
2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020 | Foundations, financial frictions, emerging open economies | |
2013, 2014, 2015, 2016, 2017, 2018, 2019 | Foundations, From Matlab to Python in One Day | |
Silvia Miranda-Agrippino | 2021, 2022 | Empirical Identification of Macroeconomic Shocks |
Maryam Mirfatah | 2020, 2021, 2022 | Foundations |
2017, 2018, 2019, 2020, 2022 | DSGE-VAR models and forecasting, financial frictions | |
2018, 2019, 2020, 2021, 2022 | Foundations, Advanced Topics, Optimal policy | |
2020, 2021, 2022 | Advanced Topics, Heterogeneous Agents and Wealth Accumulation | |
2021, 2022 | Financial Markets: Collateral, Repo, and Credit Default Swaps | |
2012, 2013, 2014, 2015, 2017, 2018 | Foundations, imperfect information and advanced optimal policy, financial frictions | |
2020, 2021, 2022 | Foundations | |
Joao Santos Silva | 2022 | International Trade and Gravity Models |
2020, 2021, 2022 | Foundations, Advanced Topics, Sovereign Debt and Default | |
Kjetil Storesletten | 2021, 2022 | Advanced Topics |
2013, 2014, 2015, 2016, 2017, 2018, 2019 | Advanced Topics, Foundations, imperfect information and advanced optimal policy, financial frictions, occasionally binding constraints and simple non-linear estimation | |
Alessio Volpicella | 2021, 2022 | Foundations |
Bo Yang | 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 | Foundations, DSGE-VAR models and forecasting |
More details on the content of our Summer Schools in each year can be found following the links in the table below.
Year | Date | Programme |
---|---|---|
2021 | 7 - 15 September | View full programme (PDF) |
2020 | 7 - 11 September | View full programme (PDF) |
2019 | 9 - 14 September | View full programme (PDF) |
2018 | 3 - 8 September | View full programme (PDF) |
2017 | 4 - 8 September | View full programme (PDF) |
2016 | 30 August - 3 September | View full programme (PDF) |
2015 | 7 - 11 September | View full programme (PDF) |
2014 | 8 - 13 September | View full programme (PDF) |
2013 | 10 - 13 September | View full programme (PDF) |
2012 | 10 - 13 September | View full programme (PDF) |