Summer schools

Two four-day courses run in parallel to each other:

Advanced topics in Macro-Modelling

The Advanced Topics in DSGE Modelling course is aimed at more established researchers or advanced PhD students 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.

Foundations of DSGE Macro-Modelling

The main goal of the Foundations of DSGE Modelling courses is to provide instructions on the construction and estimation of Dynamic Stochastic General Equilibrium (DSGE) models and for their use for policy analysis. It 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.

The foundations and advanced courses run in parallel for four days. Then on day five and six, participants are able to choose one option per day of the standalone courses. All options can be chosen by all participants from both the foundations and advanced courses free of charge. Participants not attending the parallel courses on the first week will be able to register for the options.

In the past the following stand-alone courses have been offered:

1. DSGE-VAR Models and Forecasting
2. Emerging Open Economies
3. Financial frictions
4. Occasionally Binding Constraints and Nonlinear Estimation
5. Optimal Policy Applications
6. From Matlab to Python in One Day
7. Credit Market Imperfections and Poverty Traps
8. Tractable Heterogeneous Agents Models (TANK/HANK)

The current course offering is listed below under 'upcoming courses.'

As part of the CIMS Summer School we hold a one-day conference on the last day of the course. All participants on the course are invited to submit a paper on some aspect of Macroeconomics or DSGE modelling.

The organisers select four or five papers to be presented in full with discussants. Keynote speakers of past conferences included Seppo Honkapohja, Albert Marcet, Tommaso Monacelli, Kjetil Storesletten, and Morten Ravn.

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.

The courses have been taught by the following instructors over the years:

More details on the content of our Summer Schools in each year can be found following the links in the table below.