CIMS Online Summer School on Macroeconomics and The Science and Art of DSGE Modelling/International Trade
Certificate of Attendance
Regular fees: 160 - 1500 GBP
Mariia Burmistrova/Vedanta Dhamija/Roshni Tara
Following highly successful Easter and Summer Schools in previous years, the Centre for International Macroeconomic Studies (CIMS) in the School of Economics, University of Surrey will hold an online summer school, 12–21 September 2022. The registration will be open soon. The School will consist of two parallel four-day courses (12-15 September) and several one-day stand-alone courses on day five (16 September). There is also a separate two-day course in Gravity Modelling (19-20 September), followed by a one-day course in Topics in International Trade (21 September). Participants from the foundations and advanced parallel macro courses can attend the stand-alone options free of charge. There is a discount available for participants from the trade course who wish to attend foundations or advanced parallel macro courses and/or one of the standalone macro courses. Participants not attending the parallel macro or trade courses will be able to register for the stand-alone options.
Given the spread of the Coronavirus, we have decided to continue offering a Virtual Summer school (online) this year. This decision has been made to ensure the safety of our participants, our colleagues and all those involved with the Summer School.
Applications are now open for CIMS summer school 2022.
The target participants will choose one of the two parallel four-day courses as follows:
- Foundations course is aimed at early researchers with some knowledge of Real Business Cycle (RBC) or Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models, but little or no experience of Dynare. This course assumes a basic knowledge of Matlab and will begin with the basics of Dynare and proceed to the construction, in stages, of a closed economy 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
- Advanced course is aimed at researchers who are already fluent in Dynare and DSGE modelling or who wish to learn directly more advanced techniques. This course will be useful both for advanced PhD students, academic researchers, and central bank researchers engaged in macroeconomic modelling work. The advanced course covers models that are either computationally expensive to simulate, nonlinear, require additional recursive assumptions, or have infinite dimensional state-spaces thanks to heterogeneous agents.
The foundations and advanced courses will run in parallel for four days from 12-15 September. Then on day 5, 16 September we run several one-day course options. Participants will be able to choose one option per day of the standalone courses:
- Credit Market Imperfections and Poverty Traps
- Topics in Sovereign Debt and Default
- Financial Markets: Collateral, Repo, and Credit Default Swaps
- Modern Topics on Heterogeneous Agents and Wealth Accumulation
- Empirical Identification of Macroeconomic Shocks
The two-day course in Gravity Modelling will run from 19-20 September. It will be centred on introducing the theoretical background of the gravity equation and its main applications for economic policy as well as addressing the actual challenges in terms of computation and estimation of the gravity equation for international trade.
On day three (21 September) the summer school 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. These include the impacts of income on international trade flows and main features of North-North trade versus North-South trade; the economics of Brexit, both from a short-run and long-run perspective; and economic warfare in a context of trade negotiations between symmetric and asymmetric trade partners.
The summer school on International Trade and Gravity Models is suitable for PhD students and advanced masters students with a focus on international trade. It is also suitable for 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.
Online delivery method:
- The course will be conducted using the Zoom platform.
- The university and the lecturers are used to doing online teaching and have state-of-the-art systems to do so and are able to deliver highly interactive experiences. We will limit the number of participants in the course and have additional lecturers per room to ensure a highly interactive experience. Though we will do our best to record all sessions, we are expecting participants to attend them live to enable participants to interact with lectures and ask questions.
- There will be opportunities to discuss the projects and research ideas of the participants. This will occur both informally during the virtual coffee breaks and virtual socials, as well as formally during the conference. After the summer school, lecturers will be available to answer questions and discuss the projects of the participants.
- Participants will be sent computer codes, lecture notes, and slides ahead of time. Participants will also receive direct assistance before the summer school starts in order to set up all the systems ahead of the online events.
- The summer school covers the theoretical aspects of the techniques. In addition, the summer school is very hands-on and participants will have carefully implemented exercises where they need to modify parts of the codes. This will be done in the lectures, both in groups and with the help of the instructors. The participants will receive solutions to all exercises and will be provided with computer codes that may then use in their own research.
- Please note that all participants need to have their own copy of Matlab since they will be using their own computers. Trial versions are available for free and the following links should be useful to check: https://uk.mathworks.com/campaigns/products/trials.highResolutionDisplay.html?s_iid=hp_ff_p_trial, https://uk.mathworks.com/products/matlab.html
- Please note that all participants need to have their own copy of Stata (https://www.stata-uk.com/software/stata.html/) for the course on International Trade and Gravity Models. There is a short-term license available for students which is worth checking: https://www.stata.com/customer-service/short-term-license/.
Certificate of Attendance
Regular fees: 160 - 1500 GBP
University of Surrey
GU2 7XH Guildford , United Kingdom