Banco Central de ChileIX Taller de Economía y Finanzas Internacionales, Santiago de Chile 16 a 19 de marzo de 2007
| Programa |
|---|
Friday, March 16, 2007 |
| 9:00-9:30 Welcoming Remarks Juan Pablo Nicolini (UTDT) Rodrigo Valdés (Banco Central de Chile) Opening Andrés Velasco (Minister of Finance, Chile) |
Sesión I: Chair: Oscar Landerretche |
| 09:30-11:00 “Persistent Appreciations and Overshooting: A Normative Analysis”, Ricardo
Caballero (MIT) and Guido Lorenzoni (MIT) Discussant: Klaus Schmidt-Hebbel (Banco Central de Chile) |
| 11:00-11:30 Coffee break |
Session II: Chair: Oscar Landerretche |
| 11:30-13:00 “Interest Rate Rules, Inflation Stabilization and Imperfect Credibility: The Small
Open Economy Case”, Guillermo Calvo (Columbia University) Discussant: José De Gregorio (Banco Central de Chile) |
| 13:00-15:30 Lunch |
Session III: Chair: Pablo García |
| 15:30-17:00 “Neoclassical Miracles”, Rodi Manuelli (University of Wisconsin) Discussant: Diego Restuccia (University of Toronto) |
| 17:00-17:30 Coffee break. |
Session IV: Chair: Pablo García |
| 17:30-19:00 “Comparative Advantage, Demand for External Finance, and Financial
Development”, Quy-Toan Do (World Bank) and Andrei Levchenko (IMF) Discussant: Juan Carlos Hallak (University of Michigan). |
Saturday, March 17, 2007 |
Session V: Chair: Diego Saravia |
| 9:30-11:00 “Sovereign Risk and Secondary Markets”, Fernando Broner (Universitat Pompeu
Fabra), Alberto Martin (CREI, UPF), and Jaime Ventura (CREI, UPF) Discussant: Willie Fuchs (University of Chicago) |
| 11:00-11:30 Coffee break. |
Session VI: Chair: Diego Saravia |
| 11:30-13:00 “Electoral Uncertainty and the Volatility of International Capital Flows”, Roberto
Chang (Rutgers University) Discussant: Tito Cordella (World Bank) |
| 13:00-15:30 Lunch |
Session VII: Chair: Luis Felipe Céspedes |
| 15:30-17:00 “Credit Constraints, Firm Dynamics and the Transmission of External Financial
Shocks”, Carlos Urrutia (ITAM) and Sageenta Patrap (Hunter College & Graduate
Center, CUNY) Discussant: Kevin Cowan (Banco Central de Chile) |
| 17:00-17:30 Coffee break. |
Session VIII: Chair: Luis Felipe Céspedes |
| 17:30-19:00 “Confidence Crises, Credibility and the Inflation Target Level”, Aloisio Araujo
(Getulio Vargas and Instituto de Matematica Pura e Aplicada) and Rafael Santos
(Banco Central Do Brasil) Discussant: Manuel Amador (Stanford University) |
Monday, March 19, 2007 |
Session IX: Chair: Juan Pablo Nicolini |
| 9:00-10:30 “The Conquest of South American Inflation”, Thomas Sargent (NYU), Noah
Williams (Princeton University) and Tao Zha (Federal Reserve Bank of Atlanta) Discussant: Martin Uribe (Duke University) |
| 10:30-11:00 Coffee break |
Policy Discussion and Book Presentation |
| 11:00-12:30 “Macroeconomic Policies in Emerging Economies” Chair: Andrés Neumeyer (UTDT) Panel: Guillermo Perry (The World Bank) Mario Marcel (CIEPLAN) Guillermo Calvo (Columbia University) Vittorio Corbo (Central Bank of Chile) |
| 12:30-13:15 Central Bank of Chile book presentation: “Monetary Policy under Inflation Targeting”, edited by Frederic S. Mishkin (Columbia University) and Klaus Schmidt-Hebbel (Central Bank of Chile) Chair: Vittorio Corbo (Governor, Central Bank of Chile) Presentation: Carlos Massad (Former Governor, Central Bank of Chile) Venue: Patio Inglés, Central Bank of Chile |
| 13.15-14:00 Final Cocktail Venue: Patio Inglés, Central Bank of Chile |