II Workshop on Financial Markets, Shocks and Macroeconomic Policy
Workshops
II Workshop on Financial Markets, Shocks and Macroeconomic Policy
August 11-12, 2025
Monday, August 11th, 2025
“Unobserved Heterogeneity in the Bank Lending Channel: Accounting for Interactions and Specialization”
Bryan Gutiérrez (U. of Minnesota), Alonso Villacorta (UCSC), and Lucciano Villacorta (Central Bank of Chile)
Discussant: Carlos Burga (Pontificia U. Católica de Chile)
“The Heterogeneous Bank Lending Channel of Monetary Policy”
Jorge Abad (Banco de España), Saki Bigio (UCLA), Salomón García-Villegas (Banco de España), Joël Marbet (Banco de España), and Galo Nuño (Banco de España)
Discussant: Maximiliano San Millán (Central Bank of Chile)
“Production and Financial Networks in Interplay”
Kenan Huremović (Lucca), Gabriel Jiménez (Banco de España), Enrique Moral (Banco de España), José Luis Peydró (Imperial College), and Fernando Vega-Redondo (Bocconi)
Discussant: Marco Rojas (Central Bank of Chile)
“Credit Supply Shocks and Firm Pricing: Evidence from Matched Bank-Firm-Product Data”
Sofía Bauducco (Central Bank of Chile), Ramiro de Elejalde (Central Bank of Chile), Marco Rojas (Central Bank of Chile), Alonso Villacorta (UCSC), and Lucciano Villacorta (Central Bank of Chile)
Discussant: Paula Margaretic (U. de Chile)
"One size doesn't fit all: Heterogeneous depositor compensation during periods of uncertainty"
Nikolaos Artavanis (Virginia Tech), Daniel Paravisini (LSE), Claudia Robles (Stanford), Amit Seru (Stanford), and Margarita Tsoutsoura (Washington University in St. Louis)
Discussant: Claudio Raddatz (Central Bank of Chile)
"Corporate Runs and Credit Allocation"
Elena Carletti (Bocconi), Filippo de Marco (Bocconi), Vasso Ioannidou (Bayes), and Enrico Sette (Banca d'Italia)
Discussant: José Gabriel Carreño (Central Bank of Chile)
Tuesday, August 12th, 2025
“Credit allocation, collateral, and economic development”
Paul Dai (MIT Sloan), Karsten Müller (National U. of Singapore), and Emil Verner (MIT)
Discussant: Carlos Madeira (Central Bank of Chile)
“Capital flows, Financial Development, and Credit Resilience”
David Moreno (Central Bank of Chile), and Alejandro Jara (Central Bank of Chile)
Discussant: Alejandro Vicondoa (Pontificia U. Católica de Chile)
“Granular Credit Risk”
Sigurd Galaasen (Norges Bank), Rustam Jamilov (Oxford), Ragnar Juelsrud (Norges Bank), and Hélène Rey (LBS)
Discussant: Federico Huneeus (Duke University and Central Bank of Chile)