{"id":72,"date":"2023-02-19T18:00:10","date_gmt":"2023-02-19T18:00:10","guid":{"rendered":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/?page_id=72"},"modified":"2025-03-03T13:29:19","modified_gmt":"2025-03-03T13:29:19","slug":"ha-summer","status":"publish","type":"page","link":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/ha-summer\/","title":{"rendered":"HA-SummerSchool"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"0-summer-school-2025\">summer school 2025<\/h2>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"1-heterogeneous-agents-in-asset-pricing\">HeteroGENEOus agents in asset pricing<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-dark-gray-color has-text-color has-link-color wp-elements-ad8138a92c477edecadff33bff62831b\" id=\"2-monte-ahuja-college-of-business-cleveland-state-university\">Monte Ahuja College of Business, Cleveland State University<\/h3>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-b1c9d239cd2b379d15c17e58813d88d0\" id=\"3-august-04-07-2024-in-person\">August 04 &#8211; 07, 2025 (in-person)<\/h3>\n\n\n<h4><strong>1. Goals<\/strong><\/h4>\n<p>The goals of this four-day program are twofold:<\/p>\n<ul>\n<li>Provide participants with a solid understanding of the current state of the literature on asset pricing models with heterogeneous agents.<\/li>\n<li>Introduce participants to state-of-the-art solution methods for general equilibrium heterogeneous-agent models in asset pricing.<\/li>\n<\/ul>\n<p>The hope is to equip participants with the necessary knowledge and tools to conduct research in this area.<\/p>\n<h4>2. Approach<\/h4>\n<p>We will adopt a practical, hands-on approach, emphasizing the use of key tools. The workshop will cover topics such as dynamic programming in continuous time, asset pricing models with a single agent in continuous time, numerical methods for solving dynamic continuous-time models involving multiple agents, and a comprehensive literature review. By the end of this workshop, participants will have successfully solved a heterogeneous agent model in asset pricing and will depart with the computer code necessary for their ongoing research.<\/p>\n<h4>3. Target audience<\/h4>\n<p>Advanced Ph.D. students and Faculty in \ufb01nance and related \ufb01elds. All the students attending the summer school have \ufb01nished the 2nd year of Ph.D. or equivalent at the beginning of the Summer School.<\/p>\n<h4>4. Paper Presentation<\/h4>\n<p>There are few slots for participants to present their papers. Papers in the early stage are welcome. This is a fantastic opportunity to get feedback and find coauthors.<\/p>\n<h4>5. Organizers<\/h4>\n<ul>\n<li><a href=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/\">Hamilton Galindo Gil<\/a>, Cleveland State University.<\/li>\n<li><a href=\"https:\/\/www.clevelandfed.org\/people\/profiles\/p\/phelan-tom\">Tom Phelan <\/a>, Federal Reserve Bank of Cleveland.<\/li>\n<li><a href=\"https:\/\/jihuang.weebly.com\/\">Ji Huang <\/a>, The\u00a0Chinese University of Hong Kong.<\/li>\n<\/ul>\n<h4>6. Program<\/h4>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"674\" height=\"676\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/ProgramPIC.jpg\" alt=\"\" class=\"wp-image-476\" srcset=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/ProgramPIC.jpg 674w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/ProgramPIC-300x300.jpg 300w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/ProgramPIC-150x150.jpg 150w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/application\/\" target=\"_blank\" rel=\"noopener\">Application<\/a><\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"4-summer-school-2023\">Summer School<\/h2>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\"><div class=\"wp-block-ub-expand ub-expand\" id=\"ub-expand-43b33b13-5096-4edd-bd71-56894bc7c4c3\" data-scroll-type=\"false\" data-scroll-amount=\"\" data-scroll-target=\"\">\n<div class=\"ub-expand-portion ub-expand-partial wp-block-ub-expand-portion\" id=\"ub-expand-partial-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" aria-hidden=\"false\">\n\t\t\t\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-gallery aligncenter has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"510\" data-id=\"466\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/Group2024.jpeg\" alt=\"\" class=\"wp-image-466\" srcset=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/Group2024.jpeg 680w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/Group2024-300x225.jpeg 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><figcaption class=\"wp-element-caption\">Summer School 2024<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2046\" height=\"1364\" data-id=\"464\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group.jpg\" alt=\"\" class=\"wp-image-464\" srcset=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group.jpg 2046w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group-300x200.jpg 300w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group-1024x683.jpg 1024w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group-768x512.jpg 768w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/group-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 2046px) 100vw, 2046px\" \/><figcaption class=\"wp-element-caption\">Summer School 2023<\/figcaption><\/figure>\n<\/figure>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" data-id=\"467\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-1024x768.jpg\" alt=\"\" class=\"wp-image-467\" srcset=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-1024x768.jpg 1024w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-300x225.jpg 300w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-768x576.jpg 768w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-1536x1152.jpg 1536w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_9078-2048x1536.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hamilton Galindo<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"732\" data-id=\"465\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878-1024x732.jpg\" alt=\"\" class=\"wp-image-465\" srcset=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878-1024x732.jpg 1024w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878-300x214.jpg 300w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878-768x549.jpg 768w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878-1536x1098.jpg 1536w, https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2025\/03\/IMG_1878.jpg 1610w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Thomas Phelan<\/figcaption><\/figure>\n<\/figure>\n\n\n\t\t\t<a id=\"ub-expand-toggle-partial-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" class=\"ub-expand-toggle-button\" style=\"text-align: left; \" role=\"button\" aria-expanded=\"false\" aria-controls=\"ub-expand-full-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" tabindex=\"0\">\n\t\t\t\t\n\t\t\t<\/a>\n\t\t<\/div>\n\n<div class=\"ub-expand-portion ub-expand-full ub-hide wp-block-ub-expand-portion\" id=\"ub-expand-full-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" aria-hidden=\"true\">\n\t\t\t\n\t\t\t<a id=\"ub-expand-toggle-full-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" class=\"ub-expand-toggle-button\" style=\"text-align: left; \" role=\"button\" aria-expanded=\"true\" aria-controls=\"ub-expand-full-7ea5533f-a4a9-490d-bd4c-f2892f6af6ef\" tabindex=\"0\">\n\t\t\t\tshow less\n\t\t\t<\/a>\n\t\t<\/div>\n<\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color has-link-color wp-elements-564fb50b349bfe8abad1a1237e50bbe7\" id=\"6-testimonials\">Testimonials: Summer School 2023<\/h3>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\"><div id=\"ub-testimonial-859ff128-7734-4373-8c95-215003f07236\">\n\t\t\t<div id=\"ub_testimonial_859ff128-7734-4373-8c95-215003f07236\" class=\"wp-block-ub-testimonial ub_testimonial\" style=\"background-color: #f4f6f6; \">\n\t\t\t\t<div class=\"ub_testimonial_img\" style=\"\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2024\/01\/Nick.jpeg\" alt=\"\" height=\"100\" width=\"100\">\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_content\">\n\t\t\t\t\t<p class=\"ub_testimonial_text\" style=\"font-size: 17px; text-align: justify; \">The\u00a0Heterogeneous Agents in Asset Pricing program was a valuable introduction to the frontier of research in this area. I was exposed to a theoretical and computational background in how to think about addressing research questions in this field. Importantly, the instructors were happy to talk through the complicated nature of these problems, and in so generating useful discussion and ideas among the cohort of students.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_sign\">\n\t\t\t\t\t<p class=\"ub_testimonial_author\" style=\"text-align: right; \">Nicholas Fritsch<\/p>\n\t\t\t\t\t<p class=\"ub_testimonial_author_role\" style=\"text-align: right; \">Cleveland Federal Reserve<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div id=\"ub-testimonial-febfd41f-723b-4c1e-b50c-a2a6ddcfff1e\">\n\t\t\t<div id=\"ub_testimonial_febfd41f-723b-4c1e-b50c-a2a6ddcfff1e\" class=\"wp-block-ub-testimonial ub_testimonial\" style=\"background-color: #f4f6f6; \">\n\t\t\t\t<div class=\"ub_testimonial_img\" style=\"\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2024\/01\/Chun-Wei-Lin.jpg\" alt=\"\" height=\"100\" width=\"100\">\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_content\">\n\t\t\t\t\t<p class=\"ub_testimonial_text\" style=\"font-size: 17px; text-align: justify; \">I have learned a lot about the new modeling techniques in the recent macro-finance research and the trends in related literature. It is also a good opportunity to make friends.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_sign\">\n\t\t\t\t\t<p class=\"ub_testimonial_author\" style=\"text-align: right; \">Chun-Wei Lin<\/p>\n\t\t\t\t\t<p class=\"ub_testimonial_author_role\" style=\"text-align: right; \">Virginia Tech, PhD Finance student<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div id=\"ub-testimonial-e550b144-05c8-4c0c-a0f1-cb36f4c66f9f\">\n\t\t\t<div id=\"ub_testimonial_e550b144-05c8-4c0c-a0f1-cb36f4c66f9f\" class=\"wp-block-ub-testimonial ub_testimonial\" style=\"background-color: #f4f6f6; \">\n\t\t\t\t<div class=\"ub_testimonial_img\" style=\"\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2024\/01\/wang_chong.jpg\" alt=\"\" height=\"100\" width=\"100\">\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_content\">\n\t\t\t\t\t<p class=\"ub_testimonial_text\" style=\"font-size: 17px; text-align: justify; \">The program seamlessly integrated theory with practical coding resources, providing me with a robust understanding of heterogeneous-agent models in asset pricing. Professors Galindo and Phelan, not only experts in their field, but were exceptional communicators, breaking down complex theories into compact and engaging lectures. The friendly environment also facilitated connections with both the instructors and classmates who shared similar interests. I truly recommend this summer school for an enjoyable exploration of the frontiers in asset pricing!<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_sign\">\n\t\t\t\t\t<p class=\"ub_testimonial_author\" style=\"text-align: right; \">Chong Wang<\/p>\n\t\t\t\t\t<p class=\"ub_testimonial_author_role\" style=\"text-align: right; \">Western University, PhD Economics student<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div id=\"ub-testimonial-18dc61b6-8893-4d6b-9730-38219b9be75a\">\n\t\t\t<div id=\"ub_testimonial_18dc61b6-8893-4d6b-9730-38219b9be75a\" class=\"wp-block-ub-testimonial ub_testimonial\" style=\"background-color: #f4f6f6; \">\n\t\t\t\t<div class=\"ub_testimonial_img\" style=\"\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-content\/uploads\/sites\/58\/2024\/01\/Wenxia-Zhu.jpeg\" alt=\"\" height=\"100\" width=\"100\">\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_content\">\n\t\t\t\t\t<p class=\"ub_testimonial_text\" style=\"font-size: 17px; text-align: justify; \">This summer school helped me better understand the probability theory behind the asset pricing topics as well as untangle the programming codes in finance research. Dr. Galindo Gil and Dr. Phelan are great speakers. Their lectures are well-prepared and easy to follow. They are very happy to answer questions during the lectures and the breaks. Moreover, these two professors helped get funds to offer all participants three meals and snacks all day and free parking on campus. Participants can one hundred percent focus on learning and communicating with each other.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ub_testimonial_sign\">\n\t\t\t\t\t<p class=\"ub_testimonial_author\" style=\"text-align: right; \">Wenxia Zhu<\/p>\n\t\t\t\t\t<p class=\"ub_testimonial_author_role\" style=\"text-align: right; \">Kent State University, PhD Finance student<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>summer school 2025 HeteroGENEOus agents in asset pricing Monte Ahuja College of Business, Cleveland State University August 04 &#8211; 07, 2025 (in-person) 1. Goals The goals of this four-day program are twofold: Provide participants with a solid understanding of the current state of the literature on asset pricing models with heterogeneous agents. Introduce participants to&mldr;<\/p>\n","protected":false},"author":57,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"class_list":["post-72","page","type-page","status-publish","hentry"],"featured_image_src":null,"_links":{"self":[{"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/pages\/72","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/comments?post=72"}],"version-history":[{"count":45,"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/pages\/72\/revisions"}],"predecessor-version":[{"id":482,"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/pages\/72\/revisions\/482"}],"wp:attachment":[{"href":"https:\/\/academic.csuohio.edu\/galindogil-hamilton\/wp-json\/wp\/v2\/media?parent=72"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}