XXIII Annual Conference of the Central Bank of Chile Independence, Credibility, and Communication of Central Banking

July 22nd  and 23rd, 2019

Ritz-Carlton Hotel, Santiago, Chile

Program arranged by: Ernesto Pastén, Ricardo Reis and Diego Saravia

Language: All sessions will be conducted in English. Simultaneous translation from English to Spanish will be provided.

For further information, please contact the organizing committee at: conferencia2019@bcentral.cl

Felipe Leal
Central Bank of Chile
Tel: +(56 2) 2670 2916

Paloma Navarro
Central Bank of Chile
Tel: +(56 2) 2670 2244
María José Reyes
Central Bank of Chile
Tel: +(56 2) 2670 2413

 Related Links:

 IMF Economic Review Conference: Current Policy Challenges Facing Emerging Markets, July 24-25, 2019 


Monday 22nd
Opening Remarks

Mario Marcel

Governor, Central Bank of Chile

Comfort in Floating: the Chilean Case

Elias Albagli

Central Bank of Chile

Mauricio Calani

Central Bank of Chile

Metodij Hadzi-Vaskov


Mario Marcel

Central Bank of Chile

Luca Ricci



Guillermo Calvo

Columbia University

Fiscal Inflation and Cosmetic Defaults in a Small Open Economy

Francesco Bianchi

Duke University


Andrés Fernández

Central Bank of Chile

Improving U.S. Monetary Policy Communications

Stephen Cecchetti

Brandeis International Business School

Kermit Schoenholtz

NYU Stern School of Business


Petra Geraats

Cambridge University

The Three E´s of Central Bank Communication with the Public

Michael McMahon

Oxford University


Kathryn Dominguez

University of Michigan

The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis of 2007-2008

Michael Bordo

Rutgers University

Pierre Siklos

Wilfrid Laurier University


Alejandro Werner


Policy Panel

Karnit Flug

Former Governor, Bank of Israel: this presentation is not available because of a technical support fault.

Lesetja Kganyago

Governor, Reserve Bank of South Africa

Juan José Echavarría

Governor, Banco de la Republica (Colombia)

Adrian Orr

Governor, Reserve Bank of New Zealand

Questions and Answers

Tuesday 23rd
Central Banking with Many Voices: The Communications Arms Race

Annette Vising-Jorgensen

UC Berkeley


Kristin Forbes

MIT Sloan School of Management

Keynote Speech: "Restoring the Full Effectiveness of Countercyclical Monetary Policy in a Low Interest Rate World”

Kenneth Rogoff

Harvard University

Macroprudential Policy and the Fiscal Footprint of the Central Bank

Ricardo Reis



Eswar Prasad

Cornell University

Inflation Targeting under Political Pressure

Pierre Yared

Columbia University

Marina Halac

Yale University


Pablo D’Erasmo

FRB Philadelphia