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Online Winter School on Advanced Macro-Modelling

Attendance

Online

Tipo

Summer schools

Publicado el

Course Start Date

End Date

Fecha de Cierre

Opciones de estudio

Full Time

Fees

Regular fees: 525 - 1350 GBP

This year’s Winter school will present courses on Applied Dynamic Programming and Global Solution Algorithm. It will then progress to the Heterogeneous Agents Model such as TANK and HANK and finish by showing how the models can be used to study optimal monetary policy, inequality, and optimal taxation. 

The course will be conducted using Microsoft Team Meeting platform. The university and the lecturers have extensive experience with online teaching and have state-of-the-art systems to do so as well as being able to deliver highly interactive lectures. All sessions will be recorded, though it is expected that participants attend them live, to enable interactions with the lecturers.

The course is aimed at MSc, MRes and PhD students, early researchers, and research staff from central banks, ministries and the private sector, all with some prior experience of macroeconomic modelling and a basic knowledge of Matlab. No prior knowledge of Dynare is necessary.

The course will cover the theoretical aspects of the techniques and is very hands-on as you will have carefully implemented exercises where you need 2 to modify parts of the codes. This will be done in the lectures, both in groups and with the help of the instructors. You will receive solutions to all exercises and will be provided with computer codes that you may then use in your own research.

Software

The lectures will take place via Microsoft Teams, and participants will need to have installed Matlab in their computers for some of the practical sessions (30 day free trial available).

Sessions

Day 1: Tractable Heterogeneous Agents Models
Day 2: Applied Dynamic Programming and Global Solution Algorithms
Day 3: Classical Heterogeneous Agents Models and Occasionally Binding Constraints
Day 4: Central Bank Communication, Imperfect Credibility, and Optimal Monetary Policy Applications
Day 5: Inequality and Optimal Taxation

Learning and Teaching Methods

You will be sent computer codes, lecture notes, and slides ahead of the course and will also receive direct assistance before the Summer School starts in order to set up all the systems ahead of the online events.

There will be opportunities to discuss your projects and research ideas during virtual coffee breaks.

Course contributors

Cristiano Cantore
Professor

Vedanta Dhamija
Postgraduate Fellow

Dr Hyungseok Joo
Lecturer 

Professor Ricardo Praca Cavaco Nunes
Professor 

Dr Donghyun Park
Senior Economist

Dr Kirill Shakhnov
Senior Lecturer 

Dr Hitoshi Tsujiyama
Senior Lecturer

Dr Vytautas Valaitis 
Lecturer

Entry requirements

Applicants must have:

  • a background in macroeconomics with some knowledge of macro-modelling and dynamic optimisation
  • a basic knowledge of Matlab programming (see an overview of the Matlab features our participants are expected to know)
  • a working knowledge of English.

Fees and funding

Prices per person:

£525
Student

£1000
Academic

£1350
Non-academic

How to apply

Applications are now open. Please complete the application form via the link below.
Apply Now

Terms and conditions

When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations and our terms and conditions.

You are also confirming you have read and understood the University’s prospective student privacy notice. 
 

More Information

Tipo

Summer Schools

Attendance

Online

Publicado el

Course Start Date

End Date

Fecha de Cierre

Opciones de estudio

Full Time

Fees

Regular fees: 525 - 1350 GBP

University%20of%20Surrey%2C%20Guildford%2C%20Reino%20Unido

University of Surrey

GU2 7XH Guildford , Reino Unido