Papers of the final Conference of the BIS-CCA Research Network on "Monetary policy frameworks and Communication"
Detailed agenda
| Session I |
Chair: Michael McMahon (University of Oxford) |
| "Effects of Banco de la República's Communication on the Yield Curve" (presentation) by Luis Melo-Velandia, Juan J. Ospina-Tejeiro, and Julián A. Parra-Polaina (Bank of the Republic, Colombia) Discussant: Stefano Eusepi (UT Austin) (presentation) |
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| "Seeing the Forest for the Tree: Using hLDA Models to Evaluate Communication in Banco Central do Brasil" (presentation) by Angelo Fasolo, Flavia Graminho, and Saulo Bastos (Central Bank of Brazil) Discussant: Juan M. Londono (Federal Reserve Board) (presentation) |
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| "Sentiment Comparison on Monetary Policy Press Releases from Inflation-Targeting Regimes" (presentation) by Mario Gonzalez and Raul Tadle (Central Bank of Chile) Discusssant: Paul Hubert (Sciences Po – OFCE) (presentation) |
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| "Assessing Central Bank Communication Through Monetary Policy Statements: Results for Colombia, Chile and Peru" (presentation) by Marco Vega and Erick Lahura (Reserve Bank of Peru) Discussant: Giovanni Ricco (Warwick) (presentation) |
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Session II |
Chair: Fabrizio Zampolli (BIS) |
| "Communication, Monetary Policy and Financial Markets in Mexico" (presentation) by Ana Aguilar and Fernando Perez-Cervantes (BIS and ITAM) Discussant: Stephen Hansen (Imperial College BS) (presentation) |
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| "Communications, Information and Inflation Expectations" (presentation) by Fernando Borráz, Miguel Mello, and Laura Zacheo (Central Bank of Uruguay) Discussant: Carola Binder (Haverford College) (presentation) |
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| "Monetary Policy Announcements and Expectations: The Case of Mexico" (presentation) by Ana Aguilar, Carlo Alcaraz, Victoria Nuguer, and Jessica Roldan (Bank of Mexico) Discussant: Olivier Coibion (UT Austin) (presentation) |
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| "Forward Guidance and Expectation Formation: a Narrative Approach" (online appendix, presentation) by Christopher Sutherland (Central Bank of Canada) Discussant: Michael Ehrmann (ECB) (presentation) |
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Session III |
Chair: Ana Aguilar (BIS) |
| "Alternative Monetary Policy Instruments and Limited Credibility in SOE: An Exploration" (presentation) by Javier Garcia-Cicco and Ariel Krysa (Central Bank of Argentina) Discussant: Gianluca Benigno (New York Fed) (presentation) |
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| "Central Bank Credibility and Global Spillovers: Revisiting the Policy Trilemma in Open Economies" (presentation) by Ozge Akinci and Albert Queralto (New York Fed) Discussant: Silvia Miranda-Agrippino (Bank of England) (presentation) |
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| "Makeup Policy Communication Strategies in an Unequal World" (presentation) by Martin Bodenstein, Nils Goernemann, and Jae Sim (Federal Reserve Board) Discussant: Andrea Ferrero (University of Oxford) (presentation) |
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| Policy Panel: "Challenges in central bank communication" (presentation) by José De Gregorio (University of Chile), Michael McMahon (University of Oxford), Michael Ehrmann (ECB) and Alexandre Tombini (BIS) Chair: Alexandre Tombini. |