- When? Monday 7 September 2015 to Friday 11 September 2015
- Where? Faculty of Business Economics and Law University of Surrey, Guildford, GU 2 7XH
- Open to: Public, Staff, Students
Following highly successful summer schools in previous years, the Centre for International Macroeconomic Studies (CIMS) in the School of Economics, University of Surrey will hold a Summer School from 7 -11 September 2015.
The School will consist of two parallel 4-day courses:
- A basic course 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 Matlab and Dynare. Complete beginners are advised to attend the three-day Easter Course.
- An advanced course aimed at more established researchers who are already fluent in Dynare and Matlab. This course will be useful to anyone who is engaged in practical macroeconomic modelling work, especially if they are interested in working with models that are either computationally expensive to simulate, highly nonlinear, or infinite dimensional thanks to heterogeneous agents.
The basic and advanced courses will run in parallel for four days from 7 - 10 September. Then on day five, 11 September all participants from both streams will be able to choose one from four one-day advanced courses covering:
- Financial frictions
- Imperfect information and Optimal Policy
- Occasionally binding constraints
For all these courses, notes and model codes will be distributed to participants. Further details on the options are given below and in the course programme on the right.
WHO SHOULD ATTEND THIS SUMMER SCHOOL?
- PhD students and academics and who want to develop or extend their knowledge of DSGE modelling
- Researchers and practitioners working at central banks, as well as at other private and public institutions, working or interested in DSGE modelling
To be considered for admission to the basic course applicants must have:
- A background in economics
- A working knowledge of English
- A basic knowledge of the RBC and NK Model
To be considered for admission to the advanced course, applicants must have:
- A strong knowledge of DSGE modelling
- Experience in programming in Matlab and Dynare
- Applicants who have attended previous courses by CIMS will be particularly welcome to apply for the advanced course.
The fees for academics and PhD students are £700 for the five-day course.
For participants from central banks, ministries or the private sector the fees are £1500.
Lunch, coffee, a course dinner on day three, course notes and model software are included in this cost. The practical sessions will take place in computer labs with Matlab and Dynare installed. For those wishing to use their own computers outside the sessions, it should be noted that Dynare is free software, but Matlab must be purchased.