Nineteenth Annual Conference of the Central Bank of Chile Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World
Fecha:
Thursday 19th and Friday 20th November
Lugar:
Ritz-Carlton Hotel, Santiago, Chile
Idioma:
Language: All sessions will be conducted in English. Simultaneous interpretation between English and Spanish will be provided.
Descripción:

Program arranged by Michael Woodford, Diego Saravia and Elías Albagli

For further information or to register, please contact the organizing committee at: conferencia2015@bcentral.cl

Organizing Committee:

Camila Figueroa, Central Bank of Chile,  Tel: +(56 2) 2670 2718
Carolina Besa, Central Bank of Chile, Tel: +(56 2) 2670 2670
Paloma Navarro, Central Bank of Chile, Tel: +(56 2) 2670 2244

Programa:
Opening remarks
Opening remarks
by Rodrigo Vergara – Governor, Central Bank of Chile
Session I: IMPACT OF CONVENTIONAL AND UNCONVENTIONAL MONETARY POLICIES ON ASSET PRICES
Forward Guidance in the Yield Curve
Dimitri Vayanos – Professor of Finance, London School of Economics
Discussant:
Simone Manganelli – European Central Bank
The Central Bank Balance Sheet as a Commitment Device
Gauti Eggertsson – Associate Professor of Economics, Brown University
Discussant:
Luca Dedola – European Central Bank
Measuring the Effect of Unconventional Monetary Policy on Asset Prices
Eric Swanson – Professor of Economics, University of California, Irvine
Discussant:
Sofía Bauducco – Central Bank of Chile
Session II: THE RISK-TAKING CHANNEL OF MONETARY POLICY: IMPLICATIONS FOR FINANCIAL FRAGILITY
Risk-Taking Channel of Monetary Policy: A Global Game Approach
Stephen Morris – Professor of Economics, Princeton University
Discussant:
Ernesto Pastén – Central Bank of Chile
Quantitative Easing and Financial Stability
Michael Woodford – John Bates Clark Professor of Political Economy, Columbia University
Discussant:
Robin Greenwood – Harvard Business School
Short-Term Interest Rates and Bank Lending Terms: Evidence from a Survey of U.S. Loans
Gustavo Suarez – Chief, Capital Markets Section, Federal Reserve Board
Discussant:
Borja Larraín – Catholic University of Chile
Session III: MONETARY POLICY INTERDEPENDENCE THROUGH LONG TERM RATES
Monetary Policy and Large Financial Flows
Helene Rey – Professor of Economics, London Business School
Discussant:
José De Gregorio – University of Chile
U.S. Monetary Policy and Foreign Bond Yields
Simon Gilchrist – Professor of Economics, Boston University
Presentación
Discussant: Peter Karadi – European Central Bank
US Monetary Spillovers to Latin America: The Role of Long-term Interest Rates
Elías Albagli, Danilo Leiva and Diego Saravia – Central Bank of Chile
Discussant:
Constantino Hevia – Universidad Torcuato Di Tella
Keynote Speech:
Lawrence H. Summers – Charles W. Eliot University Professor and President Emeritus at Harvard University