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Instituto Superior de Economia e Gestão (ISEG)


Lisbon Doctoral Summer School in Economics

Em 03-06-2019 a 12-06-2019

Lisbon Doctoral Summer School in Economics
organized by ISEG - Lisbon School of Economics & Management and Nova School of Business and Economics (Nova SBE)

Gender, Politics and Policies
Prof. Paola Profeta, Associate Professor in Public Economics, Bocconi University, Milan

10 - 12 JUNE 2019 | ISEG, LISBON
Understanding and Evaluating Inflation-Targeting Central Banks
Prof. Douglas Laxton, Adjunct Professor, Nova SBE, Lisbon


Paola Profeta

About the Lecturer

Paola Profeta is Associate Professor of Public Economics at Bocconi University (Milan, Italy), coordinator of the Dondena Gender Initiative at the Dondena Research Center for Social Dynamics and Public Policy and Director of the MSc Politics and Public Policy. She is research affiliate of CESifo and CHILD and scientific advisor of Unicredit and Universities Foundation. 

She holds a Ph.D. in Economics from Universitat Pompeu Fabra and a BA in Economic and Social Sciences from Bocconi University. Before joining Bocconi, she was assistant professor at the University of Pavia and postdoc researcher at the Catholic University of Louvain. She spent research periods at Columbia University of New York, Nuffield College-Oxford University, CESifo- Munich, University of Lugano, University of Edimburgh, Trinity College Dublin and others.

Her research focuses on public economics, political economics and gender economics. She has published in leading academic journals, among which Journal of the European Economic Association, Journal of Public Economics, European Economic Review, Economic Journal, Oxford Economic Papers, Economic Policy, Journal of Public Economic Theory, International Tax and Public Finance, European Journal of Political Economy, Public Choice and she has written several international books.

She is President of the European Public Choice Society, member of the board of management of the International Institute of Public Finance, associate editor of European Journal of Political Economy and CESifo Economic Studies.


About the course


In spite of the substantial increase of women's participation in education and labour market, gender gaps still persist in our societies. On one side, we observe differences in employment rates and wages between men and women, especially for women with children. On the other side, women are under-represented in economic decision-making. The glass ceiling is still very real both in the realm of firms and in politics.

This course provides an empirical and theoretical overview of the main policies which aim at reducing gender gaps. Among them, we will analyze gender quotas, which, while being a quite controversial measure, have proved efficacy in breaking persistent glass ceilings. We will also analyze the political economy side of gender equality, looking at the consequences of women's empowerment on public policies. Finally, we will explore the role of gender culture as a main determinant of gender gaps and their differences across countries, and a crucial factor when evaluating the role of policies.


Douglas Laxton

About the Lecturer
Douglas Laxton is an economist that was born in Lafleche, Saskatchewan in 1957.  He completed his graduate studies at the University of Western Ontario in 1981.  He held numerous positions in the research departments of the Bank of Canada (1981-1993) and IMF (1993-2018).  He has an extensive number of publications in a large number of areas including monetary policy, macroeconomic modeling, fiscal, macroprudential, etc.  He retired from the IMF and currently has a position at NOVA SBE as an Adjunct Professor of Economics.  His research and models,  which have been widely cited (see google scholar) can be followed at  


About the course
Why so much interest in Inflation-Forecast-Targeting (IFT)? IFT regimes are the most transparent group of inflation-targeting (IT) central banks (Adrian, Laxton and Obstfeld, 2018). Experienced IFT central banks have been outperforming their peers in terms of anchoring long-term inflation expectations and managing the short-run output-inflation tradeoff. This course is designed for people that are interested in learning about monetary policy and IFT regimes. Participants will be taught the principles of monetary policy and IFT regimes. Each of them will be assigned 2 central banks as case studies and be expected to construct measures of transparency and evaluate their performance in anchoring long-term inflation expectations and managing the short-run output-inflation tradeoff. Each day will consist of lectures followed by guided hands-on working sessions. Participants will be expected to prepare a presentation and present their findings on the last day.

Day 1: Principles of Inflation-Forecast Targeting (Adrian, Laxton and Obstfeld, 2018)

Day 2: A New Index of Transparency with Application to the Czech Republic (Al-Mashat and others, 2018)

Day 3: Presentation by Participants on Country-Case Applications (Canada, Chile, New Zealand, and the United States)

Reading Materials
Adrian, T., D. Laxton, and M. Obstfeld, 2018, Advancing the Frontiers of Monetary Policy Making, (Washington: International Monetary Fund). 

Al-Mashat, R., A. Bulíř, N.N. Dinçer, T. Hlédik, T. Holub, A. Kostanyan, D. Laxton, A. Nurbekyan, and H. Wang, 2018, "An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank," IMF Working Paper.


How to Apply:
Applicants should hold a a Master's degree diploma in Economics, Finance, or other related fields or proof of frequency in a PhD Program, and should have a good level of competence in English. If you don't have a Master's Degree but expect to obtain within the year, your application can also be considered.

One course: 150€; Two courses: 250€

Required documents:
- Curriculum vitae;
- Certificate of Masters Degree or proof of frequency in a PhD Program;
- Motivation Letter;

Applications should be directed according to the following:
3-5 June 2019, Gender, Politics and Policies with Professor Paola Profeta at Nova SBE
Submit your application to

10-12 June 2019, Understanding and Evaluating Inflation-Targeting Central Banks with Professor Douglas Laxton at ISEG
Submit your application to