The Santiago Macro Workshop 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 Economics Department of the Catholic University of Chile (PUC-Chile) and the Central Bank of Chile. This year, the conference will be held in person at the Central Bank of Chile and at PUC-Chile.
Registration: To attend, complete the following form: Registration.
Program 2023
VII Santiago Macro Workshop: Program
Organizers: Sofía Bauducco, Ezequiel Garcia-Lembergman, Mariana García-Schmidt, Alexandre Janiak, and Lucciano Villacorta.
Times are in GMT-3 (Stgo, Chile)
All sessions will be conducted in English
Thursday, October 5
Location: Central Bank of Chile, Room TBA
9:30 - 9:50 Arrival and coffee
9:50 - 10:40 “Unobserved Heterogenity in the Bank Lending Channel: Accounting for bank-firm Interactions and Specialization”
Bryan Gutierrez, Alonso Villacorta and Lucciano Villacorta (Central Bank of Chile)
10:40 - 11:30 “Pay Transparency and Mental Health”
Morten Bennedsen, Daniella Scur, Elena Simintzi and Margarita Tsoutsoura and Daniel Wolfenzon (Columbia University)
11:30 - 11:50 Coffee break
11:50 - 12:40 “Hard Commodities Hit Harder: Global Financial Risk and Commodity Exporters”
Gabriela Contreras (Central Bank of Chile)
12:40 - 14:00 Lunch
14:00 - 14:50 “Stochastic Volatility in Interest Rate and Trend Cycles”
Felipe Saffie (University of Virginia), Nils Gornemann and Eugenio Rojas
14:50 - 15:40 “Optimal Monetary and Fiscal Policies in Disaggregated Economies”
Jiacheng Feng, Gernot Muller, Ernesto Pasten (Central Bank of Chile), Raphael Schoenle and Michael Weber
15:40 - 16:00 Coffee break
16:00 - 16:50 “Price Setting when Expectations are Unanchored?”
Daniel Abib, Joao Ayres, Marco Bonomo, Stefano Eusepi, Silvia Matos, Marina Perrupato and Carlos Viana de Carvalho (PUC Rio and Kapitalo Investimentos)
19:30 Dinner (by invitation), location to be announced
Friday, October 6
Location: Campus San Joaquín, PUC Chile, Vicuña Mackenna 4860
Facultad de Economía y Administración
Room AE101
8:30 - 9:00 Arrival and coffee
9:00 - 09:50 “The Anatomy of Trend Inflation Shocks”
Evi Pappa, Sebastian Rast, and Alejandro Vicondoa (PUC Chile)
09:50 - 10:40 “Heterogeneous Downward Nominal Wage Rigidity: Foundations of Phillips's Phillips Curve”
Stephanie Schmidtt-Grohe and Martin Uribe (Columbia University)
10:40 - 11.00 Coffee break
11:00 - 11:50 “The Carbon Footprint of Multinational Production”
Ezequiel Garcia-Lembergman (PUC Chile), Natalia Ramondo, Andrés Rodríguez-Clare, and Joseph Shapiro
11:50 - 12:40 “An Import(Ant) Price of Brexit Uncertainty”
Alejandro G. Graziano, Kyle Handley, and Nuno Limao (Georgetown University)
12:40 - 14:00 Lunch
14:00 - 14:50 “The Grasshopper, the Ant and the Minimum Wage”
Alexandre Janiak (PUC Chile) and Jonathan Rojas Hepburn
14:50 - 15:40 “Occupational Reallocation Within and Across Firms: Implications for Labor-Market Polarization”
Toshihiko Mukoyama (Georgetown University), Naoki Takayama and Satoshi Tanaka
15:40 - 16:30 “100 years of business cycles and the Philips curve”
Lucrezia Reichlin and Giovanni Ricco (Ecole Polytechnique)
The Pontificia Universidad Católica de Chile received funds Vicerrectoría de Investigación and FONDECYT to host this workshop.