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Last update:
CEEL program in Adaptive Economic Dynamics
Ninth Trento Summer School
Intensive course in
Co-Directors:
Domenico Delli Gatti, Università Cattolica del Sacro Cuore di Milano Mauro Gallegati, Universita' Politecnica delle Marche, Ancona
Guest lecturers include Professors Stefano Battiston, Swiss Federal Institute of Technology, Zurich, Michael Bordo, Rutgers University,
Claudio Borio, Bank of International Settlements, Basel,
Edoardo Gaffeo, University of Trento,
Axel Leijonhufvud, University of Trento and UCLA, Didier Sornette, Swiss Federal Institute of Technology, Zurich,
Roberto Tamborini, University of Trento and Gianni Toniolo, Duke University.
The subprime meltdown in the United States and the associated turmoil in
financial markets worldwide, the deterioration of the balance sheets of financial institutions, the sudden evaporation of liquidity,
the credit crunch and the resulting recessionary pressure on economic activity have brought to the fore the issue of Financial Instability.
Both in the jargon of practitioners and central banks and in the academic
literature, there are two notions of financial instability:
The two notions capture complementary features of the development of financially
driven fluctuations. A financial crisis may start with a stock market crash, or a run on banks or an avalanche of bankruptcies among firms
or households. In the worst case, all three will occur. Central banks are the first line of defence reacting to prevent or limit the
consequences of a financial crisis by injecting liquidity into the system. In severe crises, conventional monetary policy may prove
ineffectual and radical fiscal measures may be required.
The Ninth Trento Summer School on Financial Instability and Crises
will familiarize students with the stylized facts of financial crises and with recent theoretical and empirical advances in
understanding financial instability. Topics of the summer school include:
The Ninth Summer School will run for two weeks and consists of an intensive course in Financial Instability and Crises as
well as invited lectures by international experts in the field. The Trento Summer Schools are intended for advanced graduate students and
post-doctoral scholars. People interested in participating in the Summer School are encouraged to apply by submitting a curriculum
vitae, a two-page essay describing their interest in finance, a course transcript from their PhD program, including advanced
examinations passed, and two letters of recommendation. Applications are due by May 9, 2008. We encourage electronic
submissions. You can submit all the required documents by e-mail (ccschool@economia.unitn.it) or fax (0039-0461-882222). Admissions decisions will be announced by May 15, 2008.
All applicants will be informed by e-mail about the results. The sessions will be held at Sardagna Trento, Italy, a beautiful
retreat in the Dolomite Mountains, readily accessible by cable car. All participants are required to stay for the entire
duration of the event. Food and accommodation will be completely covered (participants will have to cover travel expenses
and meals during the weekend). Venue: Conference Center Panorama, Trento - Italy Please direct logistical questions to the Summer School
secretary (ccschool@economia.unitn.it). This is the Ninth of a series of intensive courses
offered by the Computable and Experimental Economics Laboratory (CEEL). Previous courses were offered in Computable
Economics (2000, Professor K. Vela Velupillai), Experimental Economics (2001, Professor Daniel Friedman),
Adaptive Economic Processes (2002, Professor Peter Howitt), Behavioral Economics (2003, Professors Daniel Friedman and David Laibson),
Institutional Economics (2004, Professor Richard N. Langlois), Evolutionary Economic Dynamics (2005, Ken Binmore and Larry Samuelson),
Agent-Based Computational Economics (2006, Leigh Tesfatsion and Robert Axtell), and Agent-Based Finance (2007, Cars Hommes and Thomas Lux).
Program
Directors: Axel Leijonhufvud, UCLA and University of Trento and Enrico Zaninotto, CIFREM, University of Trento Co-Directors of the School:
Domenico Delli Gatti, Università Cattolica del Sacro Cuore di Milano, Mauro Gallegati, Universita' Politecnica delle Marche, Ancona Guest Lecturers: Laboratory Director:
Luigi Mittone Lab Technical Assistant: Marco Tecilla Summer School Secretary: ccschool@economia.unitn.it The course is offered by the Computable and Experimental Economics Laboratory CEEL of the University of
Trento with the financial support of Latsis Foundation (Geneva). Computable
and Experimental Economics Laboratory (CEEL)
More Information will be soon available
Department of Economics
via Inama, 5 I-38100 Trento tel. +39 461 282201 |
