PhD Summer School

Sovereign Debt Crises and Computational Methods

Nova SBE is offering the PhD Summer School: Sovereign Debt Crises and Computational Methods to students and professionals who wish to advance their curriculum and knowledge. The 2021 edition will be held online and includes one coursework and a conference on the last day. The course is credit-bearing (ECTS), and it will be conducted in English. 

The summer school is organized by Andre C. Silva (Nova SBE) and Irem Demirci (Nova SBE).

Course essentials

  • Date: July 5- July 9.
  • Instructor: Pablo A. Guerron-Quintana, Professor at Boston College
  • ECTS: 3,5
  • Tuition fee: The tuition fee is waived. Students accepted to the course will only need to pay a small administration fee of 60 € (early bird) or 80 € (regular)
  • Application deadlines: early-bird deadline is May 21, and the regular deadline is June 18
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Meet our instructor:

Pablo A. Guerron-Quintana

 

Pablo A. Guerron-Quintana is a Professor in the Economics Department at Boston College. He is a visiting professor at Escuela Politecnica del Litoral in Guayaquil, Ecuador, in the Department of Economics, and a visiting scholar at the Federal Reserve Bank of Cleveland and the Federal Reserve Bank of Philadelphia. Before joining Boston College, he was Senior Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia.

His research interests cover labor mobility and fiscal and monetary policy, productivity, and sovereign default. He is also interested in the formulation, solution, and estimation of dynamic general equilibrium models.

He is an associate editor at the International Economic Review and the Journal of Economic Dynamics and Control.

An overview of the program

The 2021 edition of the PhD Summer School includes coursework from Monday to Thursday and also a conference. All sessions take place in the afternoon. All times refer to Lisbon (WEST/UCT+1).

 

Coursework and conference

As all scholars around the world, we have been struggling with the limited interaction with our peers due to the pandemic. Nova SBE aims to act as a point of contact for students, thus facilitating interaction and networking in these difficult times. We hope that this can be a starting point for future collaborations among students and academics. 

The present course is an introduction to the methods used to solve sovereign default models and to explore the most recent contributions in that the sovereign default risk literature.

The first part of the course introduces the students to the quantitative tools needed to analyze sovereign default models. Topics include but are not limited to value function iteration, projection methods, generalized impulse response functions, and filtering.

In the second part, students will be exposed to the different types of sovereign default models used in the literature. Then we will study selected topics such as the interaction between default risk and 1) banking; 2) firm heterogeneity; and 3) migration.

The course takes place from Monday to Thursday. Each day has three lectures of 50 minutes each scheduled from 2pm WEST/UTC+1. 

To encourage knowledge dissemination and networking, on the last day of our Summer School (Friday, July 9, 2021) we will host a virtual conference. Students who are admitted to the summer school will be able to join the conference, free of charge, and interact online with top researchers in the field.

The conference includes two papers presentations, one panel session, and a session dedicated to the academic job market.

All times refer to Lisbon (WEST/UCT+1).

Session 1: 2.00pm-2.55pm
Deadly Debt Crises: COVID-19 in Emerging Markets
Presenter: Yan Bai (University of Rochester)
Co-authors: Cristina Arellano (Federal Reserve Bank of Minneapolis), Gabriel P. Mihalache (Stony Brook University)
Discussant: Cesar Sosa-Padilla (University of Notre Dame)

Session 2: 3.05pm-4.00pm
The Supply and Demand for Safe Assets
Presenter: Guillermo Ordoñez (University of Pennsylvania)
Co-author: Gary B. Gorton (Yale University)
Discussant: Dejanir H. Silva (University of Illinois at Urbana-Champaign)

Session 3: 4.10pm-5.30pm: Round table
Round Table panelists

Session 4: 6.00pm-17.30pm Job Market Session
More information on this session will be available at a later stage.

The course is open to PhD students (local and international), postgraduate, and professionals who wish to widen their knowledge on Sovereign Debt Crises and Computational Methods.

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.

If you want to conduct research related to the topic of the conference and to the United Nations' Sustainable Development Goals, contact the organizers.

The tuition fee is waived. Students accepted to the course will only need to pay a small administration fee of 60 € for an early bird application and 80 € for regular application.

Timing and fees

Early Bird application

From May 1 to May 21

60 €

Regular application

From May 22 to June 18

80 €

 

Nova SBE will notify the summer school’s applicants of a decision two weeks after each deadline at the latest. Candidates will be notified via the email they provided on the application form. Students who are accepted will receive an invoice to pay the administration 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 be asked to include your invoicing information. If the administration fee is refunded by your institution, please make sure to include all information required by your institution.

Please note that incomplete applications will not be processed.

APPLY NOW

Applications are open

We invite all students and professionals interested in widening their knowledge to apply for our summer school.

Previous editions of the PhD Summer School

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

Contacts

At your disposal, phd@novasbe.pt will clear your doubts and help you with everything you will need to join us.

Do not hesitate to contact us.