CIMS Online Summer School on Macroeconomics and The Science and Art of DSGE Modelling

CIMS Online Summer School on Macroeconomics and The Science and Art of DSGE Modelling

Posted on

Start Date

End Date

Application Deadline

Type

Summer schools

Certifications & Titles

Certificate of Attendance

Study Options

Full Time

Fees

Regular fees: 160 - 1290 GBP

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, 7–15 September 2021. The School will consist of two parallel four-day courses (7-10 September), several one-day stand-alone courses on days five and six (13-14 September), and a one-day conference on day seven (15 September). Participants from the first week foundations and advanced parallel courses can attend the stand-alone options free of charge. Participants not attending the parallel courses on the first week will be able to register for the stand-alone options.

Given the spread of the Coronavirus, we have decided to have 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 is now open for CIMS summer school 2021.

APPLY HERE

The target participants will choose one of the two parallel four-day courses as follows:

  1. 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
  2. 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 7-10 September. Then on days 5 and 6, 13-14 September we run several one-day course options. Participants will be able to choose one option per day of the stand-alone courses:

(Options first day)

  • Credit Market Imperfections and Poverty Traps
  • DSGE-VAR Models and Forecasting
  • Topics in Sovereign Debt and Default
  • Tractable Heterogeneous Agents Models (TANK/HANK)

(Options second day)

  • Financial Markets: Collateral, Repo, and Credit Default Swaps
  • Robust Qualitative Methods for Macro
  • Modern Topics on Heterogeneous Agents and Wealth Accumulation
  • Empirical Identification of Macroeconomic Shocks

Finally, on Wednesday 15 September we will hold a conference. All participants on the Courses are invited to submit a paper on some aspect of Macroeconomics or DSGE modelling to be presented in the online conference.

 

Online delivery method:

  • The course will be conducted using the Zoom platform.
  • The university and the lecturers are used to do 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.
  • We will hold an online conference integrated with the summer school.
  • 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_trialhttps://uk.mathworks.com/products/matlab.html

 

More Information

Attendance

Online

Posted on

Start Date

End Date

Application Deadline

Type

Summer schools

Certifications & Titles

Certificate of Attendance

Study Options

Full Time

Fees

Regular fees: 160 - 1290 GBP

University%20of%20Surrey%2C%20Guildford%2C%20United%20Kingdom

University of Surrey

GU2 7XH Guildford , United Kingdom