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Reassessing Macroeconomics and Macroeconomic Policy
General Information
5th Kiel Institute Summer School on Economic Policy |
Previous Summer Schools 2010 | 2009 | 2008 | 2007
1. Motivation
The In the aftermath of the global financial crisis macroeconomic policy finds itself in unknown territory. The traditional paradigm of macroeconomic analysis has been questioned, and suggestions for alternatives have been brought forward, such as approaches based on insights from behavioural economics. Moreover, the crisis has resulted in high uncertainty about the effectiveness of standard macroeconomic policy tools. Monetary policy in major countries currently operates under a zero-bound constraint and relies on unconventional measures for which there is little previous experience. In the same vein, fighting recessions through anti-cyclical fiscal policies is becoming increasingly difficult, as the steep rise of public debt in many countries exerts pressure for budget consolidation even in situations where aggregate demand is still weak. On top of this, there is the issue of global imbalances and the challenges which they pose for macroeconomic policy. The aim of the summer school is to consider these various issues and to explore ways to create a new framework for macroeconomic stabilization policy.
The Summer School addresses PhD students and Post-docs with a strong academic record and a keen interest in policy issues, and young members of policy institutions such as central banks, ministries, and international organisations. The size of the group is limited to 25 participants; the age limit is 35 (born 1975 or later).
The courses combine a thorough theoretical and methodical underpinning with a clear policy orientation on “how to put theory into practice”. Participants are expected to actively engage in debates on the topics discussed in class. Participants will be hosted in the guest house of the Institute ( “Haus Weltclub” ).
2. The Speakers
Roel Beetsma, University of Amsterdam
Giancarlo Corsetti, University of Cambridge
Paul de Grauwe, University of Leuven
Philip Lane, University of Dublin
Frank Smets , European Central Bank
3. Fees
The fee to attend the summer school amounts to € 1.800. For PhD students and Post-docs the fee will be € 800. The fee covers full board at the guest house of the Kiel Institute. Participants need to arrange travel themselves. Nearest airports are Hamburg and Luebeck. The Luebeck airport is served by Ryanair, Hamburg is served by several airlines. Public transportation is available from both airports to the centre of Kiel.
In order to apply, please download the application form, fill it out and send it by the 31st of March 2011 to together with your curriculum vitae.
♦ application form (doc-file)
The KISSEP is organized in cooperation with the I.S.E.O. Institute (Italy) founded by Franco Modigliani. The I.S.E.O. Summer School 2011 takes place from June 18 – June 25. For details see http://www.istiseo.org/
In case of questions please contact: