Macroeconomics

Expectations are central to all forward-looking decisions households make. Yet, interest in the measurement and determinants of subjective expectations waned following the rational expectations revolution. More recently, however, there has been growing attention to ways of eliciting and measuring the inflation expectations of consumers.  Research has documented deviations from full information rational expectations including upward biases and cross-sectional dispersion as well as the crucial role that grocery and energy inflation play in shaping inflation expectations.

The course will first provide a methodological overview on eliciting expectations and discuss stylized facts about inflation expectations. It will move on to discuss the determinants of inflation expectations and how these expectations shape individuals’ consumption, savings, leverage and investment decisions. We will then study how central banks and governments can manage the expectations of households through policy interventions and communication. Finally, we will discuss the design of information provision and acquisition experiments based on the case of papers.

The course is open to PhD students (local and international), postgraduate, and professionals who wish to widen their knowledge on macroeconomics.

There is a limited number of seats available to participate. Thus we recommend submitting your application as beforehand as possible according to the indicated deadlines.

The tuition fee covers the course, the coffee breaks and the social event. 

Timing and fees

First round evaluation

The PhD Summer School team will evaluate all complete applications received by March 15 and may make a first round of admission offers. A second round of offers is made after the application deadline.

Payment of the course fee

Nova SBE will notify the summer school’s applicants via the email they provided on the application form. Students who are accepted will receive a link to pay via credit card the tuition fee. 

Documentations

You will be asked to upload your CV and - if you are enrolled in a PhD/Postgraduate program - an official letter/document issued from your home university stating you are a student. You will also need to provide a paragraph explaining why you wish to attend the PhD Summer School.

Master alumni will need to upload their Master transcript when applying.

Please note that incomplete applications will not be processed.

On Friday June 23, 2023, Prof. Michael Weber will be giving a research seminar. Attendees of the Phd Summer School are welcomed to attend. Detailed information will be provided closer to the date.

2022 PhD Summer School: Development Economics

Module: Practical issues in designing and analyzing field experiments
Dates: June 27-30, 2022
Instructor: David McKenzie, the World Bank 
ECTS: 3,5

Module: Political economy and development
Dates: July 4-7, 2022
Instructor: Claudio Ferraz, Professor at the University of British Columbia
ECTS: 3,5

The 2021 PhD Summer School took place in a virtual format.

Module: Sovereign Debt Crises and Computational Methods
Dates: July 5-9
Instructor: Pablo A. Guerron-Quintana, Professor at Boston College
ECTS: 3,5

The 2020 edition was canceled due to the pandemic.

Module 1: Advancing the Frontiers of Monetary Policy
Dates: June 15-18, 2020
Instructor: Douglas Laxton, Nova SBR
ECTS: 3,5

Module 2: Applied Health Economics
Dates: June 22-26, 2020
Instructor: Maarten Lindeboom, VU University Amsterdam
ECTS: 3,5

Module 1: Gender, Politics and Policies
Dates: June 3-5, 2019
Instructor: Paola Profeta, Bocconi University
ECTS: 3,5

Module 2: Understanding and Evaluating Inflation-Targeting Central Banks
Dates: June 10-12, 2019
Instructor: Douglas Laxton, Nova SBE
ECTS: 3,5

The 2019 edition was co-organized with Lisbon School of Economics & Management (ISEG).

Module 1: Topics in Development and Political Economics
Dates: June 5-14
Instructor: Gianmarco León, Pompeu Fabra University
ECTS: 3,5

Module 2: Household Finance
Dates: June 5-14
Instructor: Kaveh Majlesi, Lund University
ECTS: 3,5

Module 1: Monetary Policy with Sticky Prices
Dates: June 19-30
Instructor: Luigi Paciello, Einaudi Institute for Economics and Finance
ECTS: 3,5

Module 2: Topics in Behavioral Development Economics
Dates: June 19-30
Instructor: Danila Serra, Southern Methodist University in Dallas
ECTS: 3,5

Module 1: Networks Econometrics
Dates: June 14-24
Instructor: Marcel Fafchamps, Stanford University
ECTS: 3,5

Module 2: The Economics of Human Capital Formation
Dates: June 14-24
Instructor: Flávio Cunha, Rice University
ECTS: 3,5