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 Axel Leijonhufvud Trento Summer School 
 directed by 
 Axel Leijonhufvud, (honorary director) UCLA and University of Trento 
 Enrico Zaninotto, University of Trento 

 XX EDITION: JUNE 3-14 2019 


  • Martin Guzman, Columbia University and University of Buenos Aires
  • Daniel Heymann, University of Buenos Aires 

Macroeconomic analysis finds itself in an unsettled state. While the international evidence provides vivid instances of the limits of the self- regulating capacities of economic systems, much of the literature keeps relying on schemes where disturbances are rationalized as consequences of extraneous shocks or postulated frictions. Still, the field has also shown a search for better arguments and representations. The 2019 School will explore, without prejudices, a diverse set of analytical alternatives that have been proposed to narrow down the gap between macro theory and the phenomena that motivate interest in the subject.
One of these lines of research refers to deviations from the standard perfect markets benchmark, resulting in macroeconomic externalities and incentive effects that may distort financial decisions, with undesirable aggregate outcomes.
Another focus of the School shall be placed in arguments which trace unsustainable macro performances from inconsistencies in expectations and behaviors, sometimes refreshing traditional insights like JMK´s “beauty contests” or “islands model” formulations of segmented economies. As it has been a maintained practice of the School, the 2019 session will gather lecturers and students with a clear motivation to engage in open-minded discussions of analytical and modeling possibilities, and to address both theoretical and applied issues.

© photo: courtesy of Pio Nainer - Duomo di Trento: Detail of the rosette said "wheel of fortune"  

  • Tiziana Assenza, Toulouse School of Economics
  • Nelson Barbosa, São Paulo School of Economics
  • Roger Farmer, University of Warwick
  • Daniela Gabor, UWE Bristol
  • Edoardo Gaffeo, University of Trento
  • Martin Guzman, Columbia University and University of Buenos Aires
  • Daniel Heymann, University of Buenos Aires
  • Perry Mehrling, Boston University
  • Cynthia Mei-Balloch, Columbia Business School
  • Franck Portier, University College London
  • Andrea Roventini, Scuola Sant’ Anna Pisa
  • Roberto Tamborini, University of Trento
  • Adair Turner, INET
Intended audience

The School is intended for advanced/candidate phds, post docs and junior scholars. Each year we accept about 25-30 students at the doctoral or post-doctoral level and junior scholars,
People interested in participating in the Summer School are encouraged to fill in the application form online.

Application window from February 15 to April 15, 2019 (h. 12.59 pm GM+1).

Admissions will be made and announced by April 30, 2019. All applicants will be informed by email about the results.

Participation to the school is free of charge. 

All participants are required to stay for the entire duration of the event. Food and accommodation will be covered by the School (except for meals during the weekend) and participants will have to cover travel expenses.

Please direct logistical questions to the Summer School secretary: ccschool@economia.unitn.it



Brochure (PDF | 1,20 MB )

Poster (PDF | 2,20 MB )