Conferences

Third Annual Conference of the Central Bank of Chile

Tuesday, September 21

Time	Speaker	Subject
9:30-10:20	Stephen Cecchetti (Ohio State University) Michael Ehrmann (European University Institute) Discussant: Alejandro Werner, Bank of Mexico	"Does Inflation Targeting Increase Output Volatility?: An International Comparison of Policymakers' Preferences and Outcomes"
10:30-11:20	Charles Carlstrom (Cleveland Ferderal Reserve Bank) Timothy Fuerst (Bowling Green State University) Discussant: José De Gregorio, University of Chile	"Optimal Monetary Policy in a Small Open Economy: A General Equilibrium Analysis"
11:20-12:00	Coffee
12:00-13:00	Herman Bennett (Central Bank of Chile) Norman Loayza (Central Bank of Chile) Discussant: Guillermo Larraín, Ministry of Finance, Chile.	"Policy Biases When the Monetary and Fiscal Authorities Have Different Objectives?"
13:00-14:30	Lunch

Time	Speaker	Subject
14:30-15:20	Alistair Cunningham (Bank of England) Andrew Haldane (Bank of England) Discussant: Paulo Springer, Central Bank of Brazil	"Evolution of the Monetary Transmission Mechanism in the U.K."
15:20-16:10	David Longworth (Bank of Canada) Brian O’Reilly (Bank of Canada) Discussant: Pablo García, Central Bank of Chile	"The Monetary Transmission Mechanism in Canada and Monetary Policy Rules"
16:10-16:40	Coffee
16:40-17:30	Leonardo Leiderman (Central Bank of Israel and Tel Aviv University) Hadas Bar-Or (Central Bank of Israel) Discussant: Felipe :Morandé, Central Bank of Chile	"Monetary Policy Rules and Transmission Mechanisms Under an Inflation Target in Israel."
17:30-18:10	Janine Aron (Oxford University) John Muellbauer (Oxford University) Discussant: Luis Oscar Herrera, Central Bank of Chile	"Monetary Transmission and Policy Rules in South Africa"
18:10-18:30	Jorge Marshall, Vice-President, Central Bank of Chile	Closing Remarks