XVIII Conferencia Anual del Banco Central de Chile

Commodity Prices and Macroeconomic Policy

Thursday, October 23rd, 2014

Grand Hyatt Hotel, Santiago, Chile

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

Opening remarks

Opening remarks

Rodrigo VergaraGovernor, Central Bank of Chile

Session I: Short-Run Challenges: The Role of Monetary and Fiscal Policy

Commodity Price Fluctuations and Monetary Policy in Small Open Economies

Roberto ChangProfessor of Economics, Rutgers University

Liquidity and Foreign Asset Management Challenges for LATAM Countries

Joshua AizenmanProfessor of Economics, University of Southern California

Session II: Medium- and Long-Term Implications

Dutch Disease and Monetary Policy

Juan Pablo NicoliniProfessor of Economics, Universidad Torcuato Di Tella and Minnesota FED

Keynote address

Keynote address

Jeffrey FrankelProfessor of Economics, Harvard University

Terms of Trade Shocks and Investment in Commodity-Exporting Economies

Jorge ForneroSenior Economist, Central Bank of Chile

Spend, Baby, Spend: Windfalls, Specialization and Misallocation

Radoslaw StefanskiAssistant Professor , University of St Andrews

The Three Policy Clocks for Natural Resource Management

Paul CollierProfessor of Economics, Oxford University