Eventos



XIX Conferencia Anual del Banco Central de Chile

Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World

Thursday 19th and Friday 20th November 2015

Ritz-Carlton Hotel, Santiago, Chile

All sessions will be conducted in English. Simultaneous interpretation between English and Spanish will be provided.

Program arranged by Michael Woodford, Diego Saravia and Elías Albagli

 


Opening remarks

Monetary policy through asset markets: lessons from unconventional measures and implications for an integrated world

Rodrigo VergaraGovernor, Central Bank of Chile


Session I: IMPACT OF CONVENTIONAL AND UNCONVENTIONAL MONETARY POLICIES ON ASSET PRICES

Forward Guidance in the Yield Curve

Dimitri VayanosProfessor of Finance, London School of Economics


The Central Bank Balance Sheet as a Commitment Device

Gauti EggertssonAssociate Professor of Economics, Brown University


Measuring the Effect of Unconventional Monetary Policy on Asset Prices

Eric SwansonProfessor of Economics, University of California, Irvine


Session II: THE RISK-TAKING CHANNEL OF MONETARY POLICY: IMPLICATIONS FOR FINANCIAL FRAGILITY

Risk-Taking Channel of Monetary Policy: A Global Game Approach

Stephen MorrisProfessor of Economics, Princeton University


Quantitative Easing and Financial Stability

Michael WoodfordJohn Bates Clark Professor of Political Economy, Columbia University


Short-Term Interest Rates and Bank Lending Terms: Evidence from a Survey of U.S. Loans

Gustavo SuarezChief, Capital Markets Section, Federal Reserve Board


 
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