Workshop on Commodity Prices and Monetary Policy

Santiago, Chile, enero 10, 2012

The Central Bank of Chile will host a Workshop on Commodity Prices and Monetary Policy. This event will bring together academics and central bank professionals to discuss recent research on the relationship between commodity price fluctuations, macroeconomic stability and the design of monetary policy. The workshop will have empirical and theoretical contributions from leading economists from academia, central banks and international institutions.

Auditorium Edificio Plaza Constitución, second floor.
Central Bank of Chile, Santiago.
Entrance by Morandé 115.
Language: All sessions will be conducted in English.

Download workshop program

 

Hour DOWNLOAD DOCUMENT AUTHOR
09:00-09:10 Opening Remarks Claudio Raddatz (Economic Research Manager).
09:10-10:00 Keynote Address: “How Should Monetary Policy Cope with Commodity Price Volatility.” Prof. Eswar Prasad (Cornell University).
10:15-11:00 “Commodity Prices, Commodity Currencies, and Global Economic Developments.” Jan J. J. Groen (Federal Reserve Bank of New York) ; Paolo A. Pesenti (Federal Reserve Bank of New York – CEPR – NBER).
11:00-11:45 “World Food Prices and Monetary Policy.” Luis Catão (International Monetary Fund); Roberto Chang (Rutgers University – NBER).
12:00-12:45 “The Impact of Monetary Policy Shocks on Commodity Prices.” Marco J. Lombardi (European Central Bank) ; Patrizio Pagano (Banca d’Italia).
12:45-13:30 “Was This Time Different?: Fiscal Policy in Commodity Republics.” Luis Felipe Céspedes (Universidad Adolfo Ibáñez); Andrés Velasco (Columbia University – NBER).
15:00-15:45 “Oil Shocks and Optimal Monetary Policy.” Carlos Montoro (Banco Central de Reserva del Perú – Bank for International Settlements).
15:45- 16:30 “The Dynamics of the Manufacturing Sector in Times of Commodities’ Booms.” Miguel Fuentes (Central Bank of Chile), ; Ricardo González (Centro de Estudios Públicos).