Eleventh BIS Consultative Council of the Americas Research Conference "The Economics of the Covid-19 Pandemic"

Virtual Conference, 16-18 November 2021


Tuesday 16 November

Tuesday 16 November

09:00 – 09:05

Opening remarks by Alexandre Tombini, Chief Representative of the BIS for the Americas and Césaire Meh, Chair of the BIS CCA Scientific Committee

09:05 – 11:30

Session I: The pandemic's impact on banks, firms and growth
Chair: Césaire Meh (BIS CCA Scientific Committee and Bank of Canada)


"COVID-19 and Local Market Power in Credit Markets"
Thiago Christiano Silva, Sergio Rubens de Souza and Solange Maria Guerra (Central Bank of Brazil) Presentation (later published as BIS Working Papers, no 1017)
Discussant: Vasso Ioannidou (Bayes Business School, University of London) Presentation


"Anatomy of Firms' Margins of Adjustment: Evidence from the COVID Pandemic"
Elías Albagli, Andrés Fernández, Juan Guerra and Federico Huneeus (Central Bank of Chile) Presentation
Discussant: Ryan Banerjee (BIS) Presentation


"Nowcasting during the Pandemic: Lessons from Argentina"
Emilio Blanco, Fiorella Dogliolo and Lorena Garegnani (Central Bank of Argentina) Presentation
Discussant: Esther Ruiz-Ortega (Universidad Carlos III de Madrid) | Presentation

Wednesday 17 November

09:00 – 11:30

Session II: The pandemic's impact on labour markets
Chair: Ana Aguilar (BIS)


"COVID-19 and Implications for Automation"
Alex Chernoff and Casey Warman (Bank of Canada) Presentation
Discussant: Ayşegül Şahin (University of Texas at Austin) Presentation


"Is the pandemic Fast-Tracking Automation in Developing Countries? Preliminary Evidence from Colombia"
Leonardo Bonilla, Luz Flórez, Didier Hermida, Francisco Lasso, Leonardo Morales, Juan Ospina, and José Pulido (Central Bank of Colombia) Presentation (later published as BIS Working Papers, no 1048)
Discussant: Sylvain Leduc (FRBSF) Presentation


"Informal Labor Markets in Times of Pandemic: Evidence for Latin America and Policy Options"
Gustavo Leyva and Carlos Urrutia (Bank of Mexico) Presentation
Discussant: Alan Finkelstein (Tufts University) | Presentation

Thursday 18 November

09:00 – 10:30

Session III: The pandemic's lessons for monetary policy
Chair: Fabrizio Zampolli (BIS)


"The Limited Power of Monetary Policy in a Pandemic"
Antoine Lepetit and Cristina Fuentes-Albero (Board of Governors of the Federal Reserve System) Presentation (later published as BIS Working Papers, no 1018)
Discussant: Mathias Trabandt (Goethe University Frankfurt) Presentation

  "Unconventional Credit Policy in an Economy under Zero Lower Bound"
Jorge Pozo and Youel Rojas (Central Reserve Bank of Peru) Presentation (later published as BIS Working Papers, no 1019)
Discussant: Fiorella De Fiore (BIS) Presentation
10:30 – 11:30

Panel: Policy challenges after Covid: what can research tell us?
Chair: Alexandre Tombini (BIS)

Participants: Laura Alfaro (Harvard Business School) | Presentation, Paul Beaudry (Bank of Canada) | Presentation, Hyun Song Shin (BIS) | Presentation, and Hernando Vargas (Central Bank of Colombia) | Presentation.

N.B. Paper presentations: 20 minutes - Discussion: 15 minutes - Open discussion: 10 minutes. The presenters of the papers are underlined.