Topics:  Dynamic equilibrium models with household heterogeneity and incomplete financial markets. The lectures will cover methodological issues: infinite horizon and life cycle such as stationary equilibrium, transitional dynamics, aggregate fluctuations and computational algorithms as well as applications to: income, consumption, and wealth inequality over time and over the life cycle, labor supply decisions along the intensive and extensive margin, estimation of micro and macro Frisch elasticities, (optimal) fiscal policy, progressive taxation, pension reforms and social insurance, (optimal) monetary policy, redistributive consequences of inflation, housing decisions, housing policy, and foreclosure, unsecured consumer credit and bankruptcy and welfare costs of business cycles and welfare implications of the "Great Recession"

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.

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 20.

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 (ZEISummerSchooluni-bonn.de)
Lennestrasse 37, 53113 D-Bonn, Germany.

APPLICATION DEADLINE: 20 May 2011.