About this conference
Under the auspices of the Consultative Council for the Americas (CCA), the Americas Office organises Annual Research Conferences, workshops and conferences for the research networks.
Seventh BIS CCA Research Conference on "Inflation dynamics: the role of labour markets, productivity and globalization", hosted by the Central Reserve Bank of Peru, Lima, 19-20 May 2016.
Day 1 - 19 May
09:30 - 09:50
Julio Velarde (Governor of the Central Reserve Bank of Peru)
09:50 - 11:30
Chair: Enrique Alberola (Bank for International Settlements)
| Endogenous wage indexation and aggregate shocks | Julio A. Carrillo, Gert Peersman and Joris Wauters (Bank of Mexico) | Paper, appendix, presentation Discussant: Giorgio Primiceri (Northwestern University) | Discussion |
| Wage and price setting: New evidence from Uruguayan firms | Fernando Borraz, Gerardo Licandro and Daniela Sola (Central Bank of Uruguay) | Paper, presentation Discussant: Charles Engel (University of Wisconsin) | Discussion |
11:50 - 15:50
Chair: Marco Vega (Central Reserve Bank of Peru)
| Nonlinear pass-through of exchange rate shocks on inflation: A Bayesian Smooth Transition VAR approach | Hernán Rincón and Norberto Rodríguez (Bank of the Republic of Colombia) (later published as BIS Working Papers, no 690) | Paper, presentation Discussant: David Parsley (Vanderbilt University) | Discussion |
| Pass-through, expectations and risks. What affect Chilean banks' interest rates? | Michael Pedersen (Central Bank of Chile) | Paper, presentation Discussant: Alessandro Rebucci (Johns Hopkins University) | Discussion |
16:10 - 17:00
Chair: Ramon Moreno (Bank for International Settlements)
| Downward nominal wage rigidity in Canada: Evidence against a 'greasing effect' | Joel Wagner (Bank of Canada) | Paper, presentation Discussant: Federico Ravenna (HEC Montreal) | Discussion |
Day 2 - 20 May
09:30 - 10:20
| Unemployment and gross credit flows in a New Keynesian framework | David Florian-Hoyle and Johanna L. Francis (Central Reserve Bank of Peru) | Paper, presentation Discussant: Raoul Minetti (Michigan State University) | Discussion |
10:20 - 11:10
Chair: Adrian Armas (Central Reserve Bank of Peru)
| Labor demand management in search equilibrium | Cynthia L. Doniger and David López-Salido (Board of Governors of the Federal Reserve System) | Paper, presentation Discussant: Russell Cooper (Penn State University) | Discussion |
11:30 - 12:20
Sergio A. Lago Alves (Central Bank of Brazil) | Paper, presentation
Discussant: Peter Rupert (University of California, Santa Barbara) | Discussion
12:20 - 12:45
Enrique Alberola (Chief Representative, Bank for International Settlements, Office for the Americas)
N.B. Paper presentations: 25 minutes - Discussion: 15 minutes - Open discussion: 10 minutes. The presenters of the papers appear in bold.