Conferences



XXVIII Annual Conference of the Central Bank of Chile

Monetary Policy, Financial Markets, and Challenges Ahead: Celebrating the Centennial of the Central Bank of Chile

Location: Hotel Ritz-Carlton, Santiago, Chile, on November 20th and 21st, 2025.

Keynotes Speakers

O. Blanchard, R. Costa, G. Gopinath, J. Williams

Presenters:

E. Albagli, R. Caballero, G. Carlomagno, A. Cieslak, J. Galí, P-O. Gourinchas, R. Kekre, A. Krishnamurthy, S. Leduc, G. Lorenzoni, M. Maggiori, K. Schmidt-Hebbel, A. Vissing-Jorgensen, I. Werning

Policy panels:

Agustín Carstens, Carlos Viana de Carvalho and Governors of Central Banks of Colombia, Norway, Perú, Spain and Uruguay.

Live Broadcast:

 

 

For more information, contact pschilling@bcentral.cl.



Program

Speakers

Press Release: "Central Bank of Chile concludes the XXVIII Annual Conference with a strong turnout" (24/11)

Press Release: “The Central Bank of Chile holds the second day of the XXVIII Annual Conference” (21/11)

Press Release: "The Central Bank of Chile inaugurates its XXVIII Annual Conference" (20/11)

Press Release: "The Central Bank of Chile will address ‘Monetary Policy, Markets, and Challenges' at its XXVIII Annual Conference" (3/11)

Thursday, November 20

Opening Remarks

Rosanna Costa – Governor, Central Bank of Chile

Opening remarks

A Model of U.S. Monetary Policy and the Global Financial Cycle

Rohan Kekre (University of Chicago)

Discussant: Sylvain Leduc (Federal Reserve Bank of San Francisco)

Chair: Claudio Soto, Board Member, Central Bank of Chile

Presentation

Discussion

Disappearing Dollar Convenience?

Arvind Krishnamurthy (Stanford University)

Discussant: Annette Vissing-Jorgensen (Federal Reserve Board)

Chair: Luis Felipe Céspedes, Board Member, Central Bank of Chile

Presentation

Discussion

Risk Management in Monetary Policy: Asset Pricing Implications

Anna Cieslak (Duke University)

Discussant: Jordi Galí (Universitat Pompeu Fabra)

Chair: Luis Felipe Céspedes, Board Member, Central Bank of Chile

Presentation

Discussion

Financial Conditions Targeting in a Multi-Asset Open Economy

Ricardo Caballero (Massachusetts Institute of Technology)

Discussant: Elías Albagli (Central Bank of Chile)

Chair: Luis Óscar Herrera, General Manager, Central Bank of Chile

Presentation

Discussion

What about Fiscal Policy?

Olivier Blanchard (Petersen Institute)

Chair: Luis Óscar Herrera, General Manager, Central Bank of Chile

Presentation

Friday, November 21

Tariffs, Intertemporal trade, and Trade Deficits

Guido Lorenzoni (University of Chicago)

Discussant: Iván Werning (MIT)

Chair: Claudio Raddatz, Director, Financial Stability Division, Central Bank of Chile

Presentation

Discussion

Fundamental Drivers of Financial Conditions

Guillermo Carlomagno (Central Bank of Chile)

Discussant: Klaus Schmidt-Hebbel (Universidad del Desarrollo)

Chair: Alberto Naudon, Board Member, Central Bank of Chile

Presentation

Discussion

Geoeconomic Challenges to the Policy Framework

Matteo Maggiori (Stanford University)

Discussant: Pierre-Olivier Gourinchas (International Monetary Fund)

Chair: Alberto Naudon, Board Member, Central Bank of Chile

Presentation

Discussion

Money and Sovereignty

Gita Gopinath (Harvard University)

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

Presentation
 
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