MACROECONOMICS - Macroeconomics useful for Policy

JPEG - 3.3 kb

Everything you need to know about the Macroeconomics programme 2017 is in the dedicated brochure: download this document (pdf format) with all the courses objectives, topics, structure and references.
June 19th > June 23rd

JPEG - 208.5 kb

OVERVIEW

The Macroeconomics module is made of courses dealing with topics at the frontier of policy-relevant research: crises and bubbles, heterogeneity and financial frictions; regulation and macro-prudential policy; information imperfections; and international linkages. It also includes a quantitative module, covering state-of-the-art quantitative and numerical techniques relevant for solving macroeconomic models.

The courses are taught by leading research and teaching figures in their respective fields. Emphasis is put on introducing tools and developing intuition. All courses review core, standard models useful for understanding crises and recessions, and the role of policy therein. Each course contains at least one part that deals with recent research at the frontier.

Structure: 5 modules of 6 hours each, for a total of 30 hours. One teacher per module (so one teacher per day).

The programme is completed by a plenary lecture by Thomas Piketty on Monday June 19th.

PREREQUISITES

A pre-requisite knowledge of macroeconomics at intermediate (Master or very strong undergraduate) level is preferable, although not formally required.

PROFESSORS

  • Florin Bilbiie is Professor of Economics at the Paris School of Economics and Université Paris 1 Panthéon-Sorbonne), Research Fellow of the CEPR and Scientific Director of Chair Banque de France. He joined PSE in 2010 after holding positions at Oxford University (Nuffield College) and HEC Paris. He held visiting positions with several central banks (ECB, Bank of England, Riksbank, etc.), the National Bureau of Economic Research, and New York University – Abu Dhabi. Florin’s research focuses on business cycles and the role, effects and optimal design of monetary and fiscal policies, in environments with firm entry/product creation, heterogeneous agents (limited participation), and/or complementarities. His research was published in Journal of Political Economy, Journal of Economic Theory, Journal of Monetary Economics, among others. http://www.parisschoolofeconomics.eu/en/bilbiie-florin/
  • Fabrice Collard holds the chair of applied macroeconomics at the University of Bern. He was previously a CNRS research fellow first at Cepremap and then at the Toulouse School of Economics, and professor at University of Adelaide. His research focuses on quantitative macroeconomics, business cycles and monetary policy and was published in Journal of Political Economy and Journal of Monetary Economics, among others. http://fabcol.free.fr/
  • Jean Imbs is a Professor at the Paris School of Economics and a Research Director at France’s CNRS. Until 2010, he was a Professor at the London Business School, and at the University of Lausanne. His research focuses on international macroeconomics, with an interest in the consequences of microeconomic complexity for macroeconomic phenomena. He consults regularly with most major policy institutions, including the International Monetary Fund, the World Bank, the European Central Bank, the Bank of England, and many other central banks around the world. He taught at Princeton University, the University of Chicago Booth School of Business, New York University, INSEAD, HEC Paris, and for policymakers or investment professionals in France and the United Kingdom. http://www.parisschoolofeconomics.eu/en/imbs-jean/
  • Thomas Piketty is Professor of Economics at EHESS and at the Paris School of Economics. He is the author of numerous articles published in journals such as the Quarterly Journal of Economics, the Journal of Political Economy, the American Economic Review and the Review of Economic Studies, and of a dozen books. He has done historical and theoretical work on the interplay between economic development and the distribution of income and wealth. In particular, he is the initiator of the recent literature on the long run evolution of top income shares in national income (now in the World Wealth and Income Database). He is also the author of the international best-seller Capital in the 21st century. These works have led to question the optimistic relationship between development and inequality posited by Kuznets, and to emphasize the role of political, social and fiscal institutions in the historical evolution of income and wealth distribution. http://www.parisschoolofeconomics.eu/en/piketty-thomas/
  • Gilles Saint-Paul is Professor of Economics at the Paris School of Economics and Ecole Normale Superieure ENS, and Global University Professor at New York University Abu Dhabi. He is also a research fellow of CEPR, IZA and CES-Ifo and a former member of the Conseil d’Analyse Economique. He served as consultant for various central banks, ministries, and international institutions. His research spanning a variety of topics in macroeconomics (from labor markets to political economy to bubbles to fiscal policy) has been published in leading journals such as the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, and others. He is also the author of several books. http://www.parisschoolofeconomics.eu/en/saint-paul-gilles/
  • Pablo Winant is a Research Economist at the Bank of England, and has also worked at the International Monetary Fund. He has worked as a consultant and provided training in computational economics to many institutions such as the IMF, the Chicago Fed, the New York Fed, the Australian Fed and Paris School of Economics. His research on inequalities, international macro-finance, and monetary policy was published in American Economic Review and IMF Economic Review. http://www.mosphere.fr/

Programme Supervisor: Florin Bilbiie

SCHEDULE

Monday June, 19th
9 am - 9.30 am Welcome coffee
9.30 am - 11 am Florin Bilbiie, Crises, Recessions and Policies in Standard New Keynesian Models
11 am - 11.15 am Coffee Break
11.15 am - 12.45 pm Florin Bilbiie, Crises, Recessions and Policies in Standard New Keynesian Models
12.45 pm - 2 pm Lunch
2 pm - 3.30 pm Florin Bilbiie, Crises, Recessions and Policies in Standard New Keynesian Models
3.30 pm - 3.45 pm Coffee Break
3.45 pm - 5.15 pm Florin Bilbiie, Crises, Recessions and Policies in Standard New Keynesian Models
5.30 pm - 7 pm Thomas Piketty, Inequality and Macroeconomics - Plenary Lecture

Tuesday June, 20th
9.30 am - 11 am Fabrice Collard, Information, Expectations and Coordination; Financial Regulation
11 am - 11.15 am Coffee Break
11.15 am - 12.45 pm Fabrice Collard, Information, Expectations and Coordination; Financial Regulation
12.45 pm - 2.15 pm Lunch
2.15 pm - 3.45 pm Fabrice Collard, Information, Expectations and Coordination; Financial Regulation
3.45 pm - 4 pm Coffee Break
4 pm - 5.30 pm Fabrice Collard, Information, Expectations and Coordination; Financial Regulation

Wednesday June, 21st
9.30 am - 11 am Pablo Winant, Computational Economics and Nonlinear Modeling
11 am - 11.15 am Coffee Break
11.15 am - 12.45 pm Pablo Winant, Computational Economics and Nonlinear Modeling
12.45 pm - 2.15 pm Lunch
2.15 pm - 3.45 pm Pablo Winant, Computational Economics and Nonlinear Modeling
3.45 pm - 4 pm Coffee Break
4 pm - 5.30 pm Pablo Winant, Computational Economics and Nonlinear Modeling

Thursday June, 22nd
9.30 am - 11 am Gilles Saint-Paul, Bubbles
11 am - 11.15 am Coffee Break
11.15 am - 12.45 pm Gilles Saint-Paul, Bubbles
12.45 pm - 2 pm Lunch
2 pm - 3.30 pm Gilles Saint-Paul, Bubbles
3.30 pm - 3.45 pm Coffee Break
3.45 pm - 5.15 pm Gilles Saint-Paul, Bubbles

Friday June, 23rd
9.30 am - 11 am Jean Imbs, International Macroeconomics
11 am - 11.15 am Coffee Break
11.15 am - 12.45 pm Jean Imbs, International Macroeconomics
12.45 pm - 2.15 pm Lunch
2.15 pm - 3.45 pm Jean Imbs, International Macroeconomics
3.45 pm - 4 pm Coffee Break
4 pm - 5.30 pm Jean Imbs, International Macroeconomics


  • Participant profiles, Fees, application file and deadline... How to apply?
  • The complete 2017 brochure is available in pdf (115 pages, 8 Mo)
  • You’ve chosen this programme and you want to apply ? Go directly to the website www.pse-application.eu
  • Should you have any questions, please feel free to contact us directly: summer-school psemail.eu