Banco Central de Chile13th Annual Conference of the Central Bank of Chile
“Monetary Policy under Financial Turbulence”
Santiago, Chile - Thursday November 19th and Friday November 20th 2009
Thursday, November 19th 2009
| Time | Speaker | Subject |
|---|---|---|
| 09:00- 09:20 | Registration |
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| 09:20-09:40 | José De Gregorio, Governor of the Central Bank of Chile | Opening remarks |
| Session I Financial Crises: Historical perspective, origins, and transmission Chair: Jorge Desormeaux, Deputy Governor of the Central Bank of Chile |
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| 09:40- 10:30 | Kevin Cowan, Central Bank of Chile, Andy Filardo, Bank for International Settlements, Pablo García, Central Bank of Chile, Hans Genberg, Bank for International Settlements. Discussant: Philip Lowe, Reserve Bank of Australia |
IT in Financially Stable Economies: Has it Been Flexible Enough? Presentation |
| 10:30-10:50 | Coffee Break | |
| 10:50- 11:40 | Luis Catão, Inter-American Development Bank, Adrian Pagan, University of New South Wales Discussant: Marco Terrones, International Monetary Fund. |
The Credit Channel and Monetary Transmission in Brazil and Chile: A Structured VAR Approach Presentation |
| 11:40-12:30 | Stijn Claessens, Ayhan Kose & Marco Terrones, International Monetary Fund Discussant: Norman Loayza, World Bank. |
Recessions and Financial Disruptions in Emerging Markets
|
| 12:30-14:00 | Break | |
| Session II Monetary Policy in Unusual Times Chair: Sebastián Claro, Board Member of the Central Bank of Chile |
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| 14:00-15:20 | Panel Discussion “Monetary and Financial Policy Responses to the Current Crisis” Guillermo Calvo, Columbia University, Stephen Cecchetti, Bank for International Settlements, Francesco Giavazzi, Università Bocconi. |
|
| 15:20-16:10 | Rodrigo Caputo, Juan Pablo Medina & Claudio Soto, Central Bank of Chile. Discussant: Brian Doyle, Federal Reserve Bank Board of Governors |
The Financial Accelerator Under Learning and the Role of Monetary Policy Presentation |
| 16:10-16:30 | Coffee Break | |
| 16:30-17:20 | Gianluca Benigno, London School of Economics, Huigang Chen, J. D. Power & Associates Christopher Otrok, University of Virginia, Alessandro Rebucci, Inter-American Development Bank, Eric Young, University of Virginia. Discussant: Diego Saravia, Central Bank of Chile |
Revisiting Over- Borrowing and its Policy Implications Presentation |
Friday, November 20th 2009
| Time | Speaker | Subject |
|---|---|---|
| Session II Monetary Policy in Unusual Times (Continued) Chair: Manuel Marfán, Board Member of the Central Bank of Chile |
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| 09:00-09:50 | Luis Felipe Céspedes, Central Bank of Chile, Roberto Chang, Rutgers University, Javier García-Cicco, Central Bank of Chile. Discussant: Michael Dooley, University of California at Santa Cruz |
Heterodox Central Banking Presentation |
| 09:50-10:40 | Eric Leeper, Indiana University. Discussant: Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis |
Anchors Away: How Fiscal Policy Can Undermine ‘Good’ Monetary Policy Presentation |
| 10:40-11:00 | Coffee Break | |
| 11:00-11:50 | Michael Devereux, University of British Columbia Discussant: Philip Lane, Trinity College Dublin. |
Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap Presentation |
| 11:50-12:40 | Keynote Address Barry Eichengreen, University of California at Berkeley |
The Financial Crisis Through the Lens of History |
| 12:40-14:10 | Break | |
| Session III Financial stability, financial innovation, and their implications for macroeconomic stability Chair: Enrique Marshall, Board Member of the Central Bank of Chile |
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| 14:10-15:00 | Franklin Allen, University of Pennsylvania, Elena Carletti, European University Institute. Discussant: Tito Cordella, World Bank. |
The Global Financial Crisis Presentation |
| 15:00- 15:20 | Coffee Break | |
| 15:20-16:10 | Xavier Vives, IESE Business School, University of Navarra. Discussant: Todd Keister, Federal Reserve Bank of New York |
Competition and Stability in Banking: A New World for Competition Policy? Presentation |