XXI Conferencia Anual del Banco Central de Chile

Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications

November 16th and 17th, 2017
Ritz-Carlton Hotel, Santiago, Chile
All sessions will be conducted in English. Simultaneous translation from English to Spanish will be provided

Openings remarks

Opening remarks

by Mario Marcel Governor, Central Bank of Chile

Monetary Policy and Financial Stability Channels

Negative Interest Rates: Lessons from the Euro Area

Jens Eisenschmidt, Principal Economist, Directorate General Economics, European Central Bank

Frank Smets, Director General Economics, European Central Bank

Central Banks Going Long

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

Capital Flows, Macroprudential Policies and Capital Controls

Álvaro Aguirre, Central Bank of Chile

Sofia Bauducco, Senior Economist, Central Bank of Chile

Diego Saravia, Manager of Economic Research, Central Bank of Chile

Financial Stability in Emerging Market Economies

A Global Safe Asset for Emerging Market Economies

Markus Brunnermeier, Director of the Bendheim Center for Finance, Princeton University

Capital Flow Management with Multiple Instruments

Viral Acharya, Deputy Governor, Reserve Bank of India

Arvind Krishnamurthy, Professor of Finance, Stanford Graduate School of Business

Foreign Exchange Intervention Redux

Roberto Chang, Professor of Economics, Rutgers University

Implications for the Conduct and Design of Monetary and Macroprudential Policies

Interest Rate Policies, Banking Equilibrium and the Macro-Economy

Vincenzo Quadrini, Professor, University of Southern California, Finance and Business Economics, Marshall School of Business

The Relation between Monetary Policy and Financial-Stability Policy

Lars E.O. Svensson, Affiliated Professor, Department of Economics, Stockholm School of Economics

Monetary Policy in a Grip of the Pincer Movement

Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements

Piti Disyatat, Director of Economic Research, Bank of Thailand

Mikael Juselius, Senior Research Economist, Bank of Finland

Phurichai Rungcharoenkitkul, Senior Economist, Bank for International Settlements

Keynote Speech

Sir Paul Tucker, Chair, The Systemic Risk Council. Senior Fellow, Mossavar Rahmani Center for Business and Government, Harvard Kennedy School.