Benutzerspezifische Werkzeuge

New Challenges for Monetary Policy

General Information


4th Kiel Institute Summer School on Economic Policy
Kiel, Germany, June 27th – July 2nd, 2010  




Previous Summer Schools   2013 | 20122011 | 2010 | 2009 | 20082007

1. Motivation

The recent global financial crisis has shown that one needs to reconsider traditional ways of analysing monetary policy and include new elements, such as financial frictions, the use of unconventional monetary policies, the interaction of monetary and fiscal policies, and the relationship between monetary stability and financial stability. The purpose of the summer school is to take stock of these developments and assess their implications for monetary 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 32 ( born 1977 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

John B. Taylor, Stanford University
Simon Gilchrist, Boston University
Guido Lorenzoni, MIT
Marvin Goodfriend, Carnegie-Mellon University
Volker Wieland, University of Frankfurt

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 2010 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 2010 takes place from June 19 – June 26. For details see

In case of questions please contact: