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.
Co-hosted by the Bank of Mexico, Mexico City, 29-30 October 2025.
Day 1 - 29 October
09:00 - 09:20
Alexandre Tombini, Chief Representative, Bank for International Settlements Americas Office
09:20 - 10:20
Aysegül Sahin, Professor of Economics and Public Affairs, Princeton University
Moderator: Ilhyock Shim (Bank for International Settlements)
10:40 - 12:25
Chair: Julio Carrillo (Bank of Mexico)
| "Labor demand and labor supply channels of monetary policy" | Sebastian Graves (University of Cambridge), Christopher Huckfeldt (Federal Reserve Board) and Eric T Swanson (University of California, Irvine) Discussant: Jorge Alonso (ITAM) |
| "Labour market flows, unemployment and the Phillips curve" | Enisse Kharroubi (Bank for International Settlements) and Marius Koechlin (University of Lausanne) Discussant: Julio Leal (Bank of Mexico) |
| "Seen and unseen: NAIRU, informal labour market and talking points for monetary policy" | César Carrera (Central Reserve Bank of Peru) and Marko Razzo (Central Reserve Bank of Peru) Discussant: Cristina O Roriz (Central Bank of Brazil) |
13:30 - 14:40
Chair: Ilhyock Shim (Bank for International Settlements)
| "Wage adjustments: a network approach" | Kanat Isakov (University of Maryland, College Park) and Leonardo Bonilla (Central Bank of Colombia) Discussant: Horacio Aguirre (Central Bank of Argentina) |
| "Minimum wages and firm outcomes" | Elias Albagli, Sofía Bauducco, Roberto Gillmore, Juan Guerra-Salas and David Kohn (Central Bank of Chile) Discussant: Alain Pineda (Bank of Mexico) |
15:00 - 16:45
Chair: Jim MacGee (Bank of Canada)
| "Work, law, and labour market structure: insights from regulatory changes in Brazil" | Cristina O Roriz (Central Bank of Brazil) Discussant: César Carrera (Central Reserve Bank of Peru) |
| "The great resignation and optimal unemployment insurance" | Zhifeng Cai (Rutgers University) and Jonathan Heathcote (Federal Reserve Bank of Minneapolis) Discussant: Carlos Urrutia (ITAM) |
| "Matching and local labor market size in Mexico" | Jorge Pérez Pérez (Bank of Mexico), Jorge Mélendez (The University of British Columbia) and José Nuño-Ledesma (University of Guelph) Discussant: Gabriela Galassi (Bank of Canada) |
Day 2 - 30 October
08:30 - 09:40
Chair: Juan Esteban Carranza (Central Bank of Colombia)
| "The shift in Canadian immigration composition and its effect on wages" | Julien Champagne (Bank of Canada), Antoine Poulin-Moore (Bank of Canada) and Mallory Long (Western University) Discussant: Javier Cano (Bank of Mexico) |
| "Immigrants' skills and capital deepening: evidence from Chile" | Alessandra Anna Palazzo (University of Maryland, College Park) and Carlos Madeira (Central Bank of Chile) Discussant: Lorenzo Aldeco (Bank of Mexico) |
10:00 - 11:10
Chair: Leonardo Gambacorta (Bank for International Settlements)
| "Automation and inequality: how robots shift income between workers and owners" | Gabriela Galassi (Bank of Canada) and Gaelan MacKenzie (Bank of Canada) Discussant: Eva Arceo (CIDE) |
| "The distributional impact of inflation: tax incidence and financial strategies of Argentine households" | Horacio Aguirre, Federico Grillo and Matías Orgoñez (Central Bank of Argentina) Discussant: Enisse Kharroubi (Bank for International Settlements) |
11:10 - 12:20
Chair: Christian Upper (Bank for International Settlements)
Panellists: Jim MacGee (Bank of Canada), Juan Esteban Carranza (Central Bank of Colombia), Anna Lipinska (Federal Reserve Board) and Leonardo Gambacorta (Bank for International Settlements)
12:20 - 12:30
Ilhyock Shim, Head of Economics for the Americas, Bank for International Settlements Americas Office
The presenters of the papers are in bold.