About this conference
Closing conference of the BIS CCA Research Network, hosted by the BIS Office for the Americas, Mexico City, 29-30 January 2015.
Day 1 - 29 January
Enrique Alberola (Chief Representative, BIS Office for the Americas) and Hyun Song Shin (Economic Adviser and Head of Research, BIS)
Chair: Hernando Vargas (Bank of the Republic, Colombia)
| Credit and macroprudential policy in an emerging economy: a structural model assessment | Horacio Aguirre and Emilio Blanco (Central Bank of Argentina) | Presentation Discussant: Jose Dorich (Bank of Canada) | Presentation |
| Foreign capital flows, credit growth and macroprudential policy in a DSGE model with traditional and matter-of-fact financial frictions | Fabia de Carvalho and Marcos Castro (Central Bank of Brazil) | Presentation Discussant: Pierpaolo Benigno (Luiss Guido Carli University) | Presentation |
| Optimal mix of monetary, fiscal and macroprudential policies | Sami Alpanda, Gino Cateau and Tamon Takamura (Bank of Canada) | Presentation Discussant: Javier Bianchi (University of Wisconsin-Madison) | Presentation |
Chair: Daniel Sámano-Peñaloza (Banco de Mexico)
| Monetary and macroprudential policy mix: an institution-design approach | Jessica Roldán, Victoria Nuguer and Julio Carrillo (Bank of Mexico) | Presentation Discussant: Ben Hunt (IMF) | Presentation |
| Spillovers: the role of prudential regulation and monetary policy in small open economies | Paul Castillo, Cesar Carrera, Marco Ortiz and Hugo Vega (Central Reserve Bank of Peru) | Presentation Discussant: Lawrence Christiano (Northwestern University) | Presentation |
Chair: Enrique Alberola (Bank for International Settlements)
| Joint project: Incorporating financial stability considerations in policy analysis: a model for Latin American countries | |
| Javier Garcia-Cicco and Markus Kirchner (Central Bank of Chile), Julio Carrillo (Bank of Mexico), Diego Rodriguez and Franz Hamann (Bank of the Republic, Colombia), Fernando Perez (Central Reserve Bank of Peru), Carlos Montoro (FLAR) and Roberto Chang (Rutgers University) (40 min.) | Presentation | Discussant: Michael Devereux (University of British Columbia) | Presentation |
Day 2 - 30 January
Chair: Pierpaolo Benigno (Luiss Guido Carli University)
| Macroeconomic and financial interactions in Chile: an estimated DSGE approach | Javier Garcia-Cicco and Markus Kirchner (Central Bank of Chile) | Presentation Discussant: Stephanie Schmitt-Grohe (Columbia University) | Presentation |
| Monetary policy implications for an oil-exporting economy of lower long-run international oil prices | Jesús Bejarano, Franz Hamann and Diego Rodriguez (Bank of the Republic, Colombia) | Presentation Discussant: Martin Uribe (Columbia University) | Presentation |
| Macroeconomic effects of banking sector losses across structural models | Luca Guerrieri and Matteo Iacoviello (Board of Governors, Federal Reserve) | Presentation Discussant: Gianluca Benigno (London School of Economics) | Presentation |
Chair: Hyun Song Shin (Bank for International Settlements)
| A proposed methodology to analyse macroprudential policies in Latin American economies | Enrique Mendoza (U Pennsylvania) and Javier Bianchi (U Wisconsin-Madison) (40 min.) | Presentation General discussion (20 minutes) |
| Central bank roundtable: bringing policy models to practice: issues and challenges | Rhys Mendes (Deputy Chief Canadian Economic Department, Bank of Canada) (presentation), Hernando Vargas (Deputy Technical Governor, Bank of the Republic Colombia) (presentation) and Alberto Torres (Director General Economic Research, Bank of Mexico) (presentation) |
Hyun Song Shin (Economic Adviser and Head of Research Bank for International Settlements)