Palabras de Bienvenida

Rosanna Costa – Presidenta, Banco Central de Chile

Fiscal Policy and Real Interest Rates

Francesco Bianchi (Johns Hopkins University), Renato Faccini (National Bank of Denmark), Leonardo Melosi (University of Warwick)

Discussant: Juan Pablo Medina (Adolfo Ibáñez University)

Chair: Luis Felipe Céspedes, Consejero, Banco Central de Chile

Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data

Gabriel Jiménez (Bank of Spain), Dmitry Kuvshinov (Pompeu Fabra University), José-Luis Peydró (Imperial College London), Björn Richter (Pompeu Fabra University)

Discussant: Alejandro Vicondoa (Pontifical Catholic University of Chile)

Chair: Luis Felipe Céspedes, Consejero, Banco Central de Chile

From Trends in Interest Rates to Inflation and Back

Ricardo Reis (London School of Economics)

Chair: Gloria Peña, Gerenta División Estadísticas y Datos, Banco Central de Chile

The Financial (In)Stability Real Interest Rate, r**

Ozge Akinci (Federal Reserve Bank of New York), Gianluca Benigno (University of Lausanne), Marco Del Negro (Federal Reserve Bank of New York), Albert Queralto (Board of Governors of the Federal Reserve System)

Discussant: Alonso Villacorta (University of California, Santa Cruz)

Chair: Alberto Naudon, Consejero, Banco Central de Chile

Three Theories of Natural Rate Dynamics

Galo Nuño (Bank of Spain)

Discussant: Álvaro Aguirre (Central Bank of Chile)

Chair: Alberto Naudon, Consejero, Banco Central de Chile

The Impact of Climate Change and Geopolitical Tensions on Long-Term Interest Rates

Elías Albagli (Central Bank of Chile), Sofía Bauducco (Central Bank of Chile), Guillermo Carlomagno (Central Bank of Chile), Luis Gonzales (Central Bank of Chile), Juan Marcos Wlasiuk (Central Bank of Chile)

Discussant: Javier García-Cicco (San Andrés University)

Chair: Alberto Naudon, Consejero, Banco Central de Chile

Long-run Interest Rates: Past, Present and Future

Atif Mian (Princeton University)

Chair: Claudio Soto, Consejero, Banco Central de Chile

U.S. Anti-Inflationary Policy and Emerging Economies: 1980s vs. 2020s

Drishan Banerjee (University of California, Santa Cruz), Galina Hale (University of California, Santa Cruz), Harrison Shieh (Vassar College)

Discussant: Kathryn Holston (Harvard University)

Chair: Rosario Celedón, Gerenta División de Política Financiera, Banco Central de Chile

Global and Local Risks in Foreign Currency Operations

Francisco Legaspe (San Andrés University), Liliana Varela (London School of Economics)

Discussant: Mauricio Calani (Central Bank of Chile)

Chair: Rosario Celedón, Gerenta División de Política Financiera, Banco Central de Chile

Perspectives for the Future Rate and its Importance for Emerging-Economies’ Monetary Policy

Chair: Sofía Bauducco, Economic Studies Manager, Central Bank of Chile

Elías Albagli, Director Monetary Policy Division, Central Bank of Chile

Boris Hofmann, Head of Monetary Policy, Monetary and Economic Department, Bank for International Settlements

Ricardo Reis, A. W. Phillips Professor of Economics, London School of Economics