IV Annual Santiago Macro Conference
December 9-11th, 2020
The Santiago Macro Conference is an annual workshop that aims at bringing together macroeconomists from Chile and abroad to achieve three goals. First, to be a venue to discuss the latest research on macro. Second, to give local researchers exposure and feedback from international researchers in order to improve their research. Finally, to promote intellectual exchange among domestic and international scholars.
The conference is organized by the Central Bank of Chile and the Economics Department of the Catholic University of Chile (PUC-Chile).
On 2020, the conference will be held remotely through Zoom on the afternoon of December 9th, and the morning of December 10-11th.
Besides local researchers, we will have the participation of international speakers such as Pete Klenow (Stanford University), Kim Ruhl (University of Wisconsin), Stephanie Schmitt-Grohe (Columbia University), Felix Tintelnot (University of Chicago), Michael Woodford (Columbia University), and Daniel Xu (Duke University).
For more details and questions, contact us at: santiagomacroconference@gmail.com
Fourth Annual Santiago Macro Conference
December 9-11, 2020
All times are in Santiago time (GMT-3)
Wednesday, December 9
13:45 - 14:00 Opening Remarks
Session 1: Chaired by Joaquin Vial (Vicepresident of the Central Bank of Chile)
14:00 - 14:50 Pete Klenow (Stanford)
"A Global View of Creative Destruction"
14:50 - 15:40 Ernesto Pasten (Central Bank of Chile)
"Frictional Fiscal Multiplier: From Micro to Macro"
15:40 - 15:55 Discussion
15:55 - 16:05 Coffee Break
Session 2: Chaired by Jose Miguel Sanchez (Dean of Economics and Business School, PUC)
16:05 - 16:55 Michael Woodford (Columbia)
"Effective Demand Failures and the Limits of Monetary Stabilization Policy"
16:55 - 17:45 Javier Turén (PUC)
"Subsidizing Startups under Rational Inattention"
17:45 - 18:00 Discussion
Thursday, December 10
Session 3: Chaired by Rodrigo Valdes (Associate Professor School of Government PUC and Former Secretary of the Treasury of Chile)
09:00 - 09:50 Kim Ruhl (Wisconsin)
"Offshore Profit Shifting and Domestic Productivity Measurement"
09:50 - 10:40 David Kohn (PUC)
"Financial Development and Trade Liberalization"
10:40 - 10:55 Discussion
10:55 - 11:05 Coffee Break
Session 4: Chaired by Andres Fernandez (Head of the Research Department of the Central Bank of Chile)
11:05 - 11:55 Felix Tintelnot (Chicago)
"Who Benefits from Foreign Demand Shocks?"
11:55 - 12:45 Federico Huneeus (Central Bank of Chile)
"Earnings Inequality in Production Networks"
12:45 - 13:00 Discussion
17:00 - 18:00 Happy Hour
Friday, December 11
Session 5: Chaired by Sebastian Claro (Associate Professor PUC University and Former Board Member of the Central Bank of Chile)
09:00 - 09:50 Daniel Xu (Duke)
"O-Ring Production Networks"
09:50 - 10:40 Lucciano Villacorta (Central Bank of Chile)
"Productivity and Wealth Dynamics under Collateral Constraints: An Empirical Investigation"
10:40 - 10:55 Discussion
10:55 - 11:05 Coffee Break
Session 6: Chaired by Alberto Naudon (Board Member of the Central Bank of Chile)
11:05 - 11:55 Stephanie Schmitt-Grohe (Columbia)
"Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks"
11:55 - 12:45 Alejandro Vicondoa (PUC)
"Uncovering the Heterogenous Effects of Shocks to Inflation Expectations"
12:45 - 13:00 Discussion
13:00 - 13:15 Closing Remarks
