Universität Bonn Institut für 
					Internationale Wirtschaftspolitik
Call for Applicants

13th ZEI International Summer School
on
Heterogeneity in Macroeconomics
at
Haus Schlesien
21 June - 30 June 2009


This year's contributors:
Monday (22.6.)
Haiping Zhang "Financial Development and the Patterns of International Capital Flows"
Henning Weber "Firm Entry, Firm Heterogeneity, and Monetary Policy"
Martin Kliem "Modelling Stock Market Booms"

Tuesday (23.6.)
Michio Suzuki "Consumption Smoothing without Secondary Markets for Small Durable Goods"
Ebrahim Rahbari "International Portfolios with Nominal Rigidities and Capital Accumulation"
Falko Juessen "The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison"

Wednesday (24.6.)
Simona Delle Chiaie "On the robustness of DSGE models: Bayesian estimates and detrending issues"
Solmaz Moslehi "The Composition of Government Expenditure in an Overlapping Generations Model"
Güntner Jochen "Monopolistically Competitive Financial Intermediaries in a DSGE Model"

Thursday (25.6.)
Stephan Kurka "Capital as a Medium of Exchange in a Search-Theoretic Framework"
Christoph Bierbrauer "Fiscal policy transmission in a non-Ricardian model of a monetary union"
Jian Yongjun "Demographic transitions and Capital flows"

Friday (26.6.)
Valeriya Dinger "The Duration of Bank Interest Rate Spells"
Luca Onorante "The emergence and survival of rational expectations"
Almut Balleer "Cyclical Skill-Biased Technological Change"

Saturday (27.6.)
Alexandra Peter "Bilateral Trade Flows and Asset Holdings"
Yavuz Arslan "Interest Rate Fluctuations and Equilibrium in the Housing Market"

Monday (29.6.)
Michal Brzoza-Brzezina "The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?"
Zeno Enders "Slow Money Dissemination "
Juan Felipe Bernal "Enforcement of Intellectual Property Rights and Population"

Lecturers:

Per Krusell (Princeton University and University of Stockholm)   [Syllabus, Paper 1, Paper 2, Paper 3, Paper 4]

Eduardo Engel (Yale University)  [Slides: Part 1,2, Part 3,4, Part 5,6,7, Part 8]

Purpose: The ZEI International Summer School brings together young economists for a series of lectures covering the current frontiers of research in their area of interest and an opportunity for stimulating discussion and presentation of their own research to a group of international scholars.

Participants: Advanced doctoral students, post-docs, assistant professors and central bank economists.

Topics: Consumer heterogeneity, with applications studying business cycles and their welfare costs; the origins and evolution of consumer wealth inequality; asset pricing; the effects of fiscal policy; the effects of monetary policy; labor markets; earnings inequality; family formation and dissolution; and international finance. Country and regional heterogeneity, with applications studying global savings-investment correlations, the world TFP distribution, and global climate change. The macroeconomics of lumpy adjustment: microeconomic evidence on non-convex adjustment costs; distributional dynamics; DSGE models; menu-costs, Phillips curves and aggregate fluctuations; aggregate investment dynamics; time-varying impulse response functions.

Accommodation: The ZEI International Summer School will take place at a seminar center near Bonn (Haus Schlesien, Königswinter-Heisterbacherrott).

Cost: Participants are expected to pay for their own transportation. Room rates are € 87 per day including breakfast and lunch. The conference fee is € 1750. Stipends for academic participants are available.

Presentations: Presentations must be based on a paper, which has to be submitted for duplication by June 15.

Application and information: Applicants should send an abstract of the paper they wish to present together with a short curriculum vitae and a letter of recommendation to:

Prof. Dr. Jürgen von Hagen (ZEISummerSchool@iiw.uni-bonn.de)
Lennestrasse 37, 53113 D-Bonn, Germany.
APPLICATION DEADLINE: 15 May 2009.
Bonn Graduate School of Economics

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12th ZEI International Summer School (2008)

11th ZEI International Summer School (2007)




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