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.

 

 

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

Panel “Challenges Ahead for Central Banking: An Open Economy Perspective”

Chair: Stephany Griffith-Jones, Vice Governor, Central Bank of Chile.

Carlos Viana de Carvalho, Head of Research, Kapitalo Hedge Fund and Investimentos and Professor, Catholic University of Rio de Janeiro.

Guillermo Tolosa, Governor, Central Bank of Uruguay.

Julio Velarde, Governor, Central Bank of Perú.

Leonardo Villar, Governor, Central Bank of Colombia.

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

Panel “Monetary Policy Challenges in Times of Economic Policy Uncertainty”

Chair: Rosanna Costa, Governor, Central Bank of Chile.

Ida Wolden Bache, Governor, Norges Bank.

Agustín Carstens, former General Manager, Bank of International Settlements.

José Luis Escrivá, Governor, Bank of Spain.

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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