Financial Markets and the Macroeconomy

The International Financial Crisis has resulted in a number of new approaches for analyzing the links between financial markets and macroeconomic performance. This includes the explicit integration of a financial sector in standard macroeconomic models, as well as the consideration of aspects that so far had received little attention in macroeconomic analysis, such as heterogeneous agents, network effects and behavioral approaches. The aim of the summer school is to consider these various issues and to explore their implications for economic policy.
The Summer School addresses PhD students and Post-docs with a strong academic record and a keen interest in policy issues, as well as members of financial and policy institutions, including central banks, ministries and international organizations. The size of the group is limited to 25 participants.
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” ).    

Jean-Claude Trichet (former President, ECB)
Tommaso Monacelli (Bocconi University)
Sheri Markose (University of Essex)
Werner DeBondt (De Paul University, Chicago)
Enrique Mendoza (University of Maryland)