This course provides a state of the art overview of complex economic systems with boundedly rational heterogeneous agents. The leading paradigm in macroeconomics assumes that economic agents (households, firms, investors) are perfectly rational in making their decisions. Experimental and...

Topics: - Economic and financial governance of the EU: the institutional framework; - EMU economic issues: ECB monetary policy and sovereign debt sustainability; - The Banking Union: how institutions work in practice; - Developments in EU financial markets: CMU, financial integration, digital...

The course introduces students to modern monetary theory. The balance sheets and transactions that are relevant for understanding modern money are examined, with a focus on the Eurozone. Alternative explanations are brought forward that include the idea that banks can create money, that...

Courses: - Structural Econometrics and Market Responses in Imperfectly Competitive Industries (22 - 26 August 2016); - Treatment Effects and the Econometrics of Program Evaluation (29 August - 2 September 2016); - Competition, Regulation, and Risk-Taking in Banking (29 August - 2 September...

The summer school offers a thorough introduction on how the Economic and Financial Governance of EMU works and impacts the economy. Participants will: - Improve their knowledge on the EU decision-making process, the rationales, the institutional design and the enforcement of EU rules; - Gain a...

The summer school offers a thorough introduction on how the Economic and Financial Governance of EMU works in practice and how it impacts the economy. Participants will: - Improve their knowledge on the EU decision-making process, the rationales, the institutional design and the enforcement of...

The Summer School addresses PhD students and Post-docs with a strong academic record and a keen interest in policy issues, and young members of policy institutions such as central banks, ministries, and international organisations. The lectures combine a thorough theoretical and methodical...

The I.S.E.O. Summer School introduces to some of the principles of international economy, investigating the role of different Countries in the international economic scenario. It focuses on growth, on the strategies and instruments of monetary policy, on the structure and mechanisms of the...

The recent global financial crisis has shown that one needs to reconsider traditional ways of analysing monetary policy and include new elements, such as financial frictions, the use of unconventional monetary policies, the interaction of monetary and fiscal policies, and the relationship...

The viability of innovation processes leading to increases in productivity and faster growth depends mainly on the coordination of the accumulation of physical capital and the complementary accumulation of human capital. This will be the theme of this year’s school, with focus on the financial...