Agenda     Register     Español

XX Annual Economic
Studies Conference

Monetary and Fiscal Policies for Macro-Financial Stability in Emerging and Developing Economies

Date:

June 13th, 2025

Santa Clara Hotel – Cartagena – Colombia

XX Annual Economic Studies Conference

Monetary and Fiscal Policies for Macro-Financial Stability in Emerging and Developing Economies

Date:

June 13th 2025

Santa Clara Hotel – Cartagena – Colombia

Agenda

* All times refer to local Cartagena time (GMT-5)

All sessions will be conducted in English with simultaneous translation to Spanish

Thursday, June 12th, 2025

Opening Reception – 7:00 p.m. – 8:30 p.m. 

Friday, June 13th, 2025

9:00 a.m. – 9:10 a.m. 

Opening Remarks

José Darío Uribe, Executive President, FLAR

Sergio Díaz–Granados, Executive President, CAF

Financial Repression: Manifestations and Consequences

9:10 a.m. – 10:10 a.m. 

Ricardo Reis, Arthur Williams Phillips Professor of Economics at the London School of Economics

Chair

Central Bank Governor

Coffee break – 10:10 a.m. – 10:40 a.m.

Monetary Policy Transmission in Emerging Markets and Advanced Countries

10:40 a.m. – 12:00 p.m. 

Speaker

Şebnem Kalemli-Özcan, Schreiber Family Professor of Economics at Brown University and the Director of the Global Linkages Lab 

Discussant

Gabriel Cuadra, Deputy Governor, Central Bank of Mexico 

Chair

Central Bank Governor

Lunch – 12:15 p.m. – 2:30 p.m.

Luncheon Address

José Luis Escrivá, Governor, Bank of Spain 

Fiscal Influences on Inflation: Evidence from Latin America

2:30 p.m. – 3:45 p.m.

Speaker

Francesco Bianchi, Johns Hopkins University and NBER 

Discussant

Jessica Roldán, Director of Macroeconomic Studies, Development Bank of Latin America and The Caribbean – CAF 

Chair

Central Bank Governor

Coffee break – 3:45 p.m. – 4:00p.m.

Globalisation & Geopolitics: The Future of Export-Led Development in LatAm

4:00 p.m. – 5:00 p.m.

Speaker

Richard Baldwin, Professor of International Economics, International Institute for Management Development (IMD)

Chair

Central Bank Governor

Closing Dinner – 7:00 p.m. – 9:00 p.m.

Speakers and Discussants

Ricardo Reis

Arthur Williams Phillips Professor of Economics at the London School of Economics

Şebnem Kalemli-Özcan

Schreiber Family Professor of Economics at Brown University and the Director of the Global Linkages Lab

Francesco Bianchi

Johns Hopkins University and NBER

Richard Baldwin

Professor of International Economics, International Institute for Management Development (IMD)

Gabriel Cuadra

Deputy Governor, Central Bank of Mexico 

Jessica Roldán

Director of Macroeconomic Studies, Development Bank of Latin America and The Caribbean – CAF 

José Luis Escrivá

Governor, Bank of Spain 

Discussants

Chairs

Register

All the boxes are mandatory, please fill them in to continue with the registration process.

By submitting this form, you grant authorization to the Latin American Reserve Fund – FLAR for the treatment of the personal data contained therein. FLAR will be responsible for its treatment and, as such, may collect, store and use the information for logistical purposes associated to the organization of this meeting, which implies transmitting it to FLAR third-party providers. Likewise, FLAR may keep your personal data to send you information related to the Institution’s activities, publications and seminars, and may share it with the other participants. You may modify, update, correct or remove your personal data, as well as this authorization, by sending notice thereof to fbuitrago@flar.net.

Contacts

If you require assistance, please contact jrodriguez@flar.net or igiraldo@flar.net

Ricardo Reis

Arthur Williams Phillips Professor of Economics at the London School of Economics

He was elected a Fellow of the British Academy, the Academia de Ciências de Lisboa, and the Econometric Society. Recent honors include the 2022 Carl Menger prize, the 2021 Yrjo Jahnsson medal, the 2017 BdF/TSE junior prize, and the 2016 Bernacer prize. Professor Reis is an academic consultant at the Bank of England, the Riksbank, the Federal Reserve Bank of Richmond, and the European Stability Mechanism, he directs the Centre for Macroeconomics at the LSE, and he serves on the council or as an advisor of multiple organisations. He has published widely on macroeconomics, including both monetary and fiscal policy, inflation and business cycles. Professor Reis received his PhD from Harvard University, and was previously on the faculties at Columbia University and Princeton University.

Şebnem Kalemli-Özcan

Schreiber Family Professor of Economics at Brown University and the Director of the Global Linkages Lab.

She is a Research Associate at the National Bureau of Economic Research (NBER) and a Research Fellow at the Center for Economic Policy Research (CEPR).

Currently, she is the co-editor of American Economic Journal: Macroeconomics. She also serves at the economic advisory panels of the NY Federal Reserve and the Bank of International Settlements.

Formerly, she was the Duisenberg Fellow at the European Central Bank, Lead Economist for the Middle East and North Africa Region of the World Bank, Houblon-Norman Fellow of Bank of England, Senior Policy Advisor at the International Monetary Fund and the International Fellow of Council of Foreign Relations where she is also an elected member.

She is the first Turkish social scientist who has received the 2008 Marie Curie IRG prize aimed to reverse brain drain for her research on European financial integration. Her research focuses on the impact of global trade and financial linkages on economic fluctuations and growth.

Francesco Bianchi

Louis J. Maccini Professor and Department Chair

Francesco Bianchi is the Louis J. Maccini Professor of Economics at Johns Hopkins University and a co-editor of the American Economic Journal: Macroeconomics. He is a member of the Center for Economic and Policy Research and the National Bureau of Economic Research. Professor Bianchi received his Ph.D. in Economics from Princeton University in 2009. Before joining Johns Hopkins, he was a professor at Duke University. He has held visiting or teaching positions at UCLA, NYU, University of Pennsylvania, Columbia University, and Northwestern University. In 2015 he was awarded the Wim Duisenberg Research fellowship and in 2010 he received the Zellner Thesis Award in Business and Economic Statistics. He has published in the American Economic Review, the Review of Economic Studies, the Review of Economics and StatisticsThe Journal of Monetary Economics, the Journal of Finance, and other leading academic journals. He has served as associate editor of the Journal of Monetary EconomicsQuantitative Economics, the European Economic Review, and the Journal of Applied Econometrics.

He has discussed his research at the 2022 Jackson Hole Economic Symposium, the 2021 G20 FWG meeting, and at numerous central banks. Professor Bianchi’s main research interests involve the use of machine learning techniques to improve forecasts, the role of agents’ beliefs in explaining macroeconomic dynamics, the interaction between monetary and fiscal policy, and the effects of political agendas and monetary policy on asset prices.

Richard Baldwin

Professor of International Economics, International Institute for Management Development (IMD)

Richard Baldwin is Professor of International Economics. He is an expert in global economic policy and theory, specializing in international trade, and is recognized as an authority on the economic drivers and risks of globalization. His research interests include the impact of digital technology on the global economy, the future of work, globalization, regionalism, and European integration.

Baldwin’s work combines perspectives from economics and political economy, providing a comprehensive view that connects historical context, current events, and future trends. Following an initial interest in economic development, his focus switched to trade when he met Paul Krugman in 1982, under whose guidance he worked on his PhD and with whom he would go on to write several articles.

Although much of his career has centered on policy-relevant research, he has recently pivoted to a more practical, business-oriented approach. This shift is evident in his two latest books, The Great Convergence and The Globotics Upheaval. These works explore transformative changes in globalization, the future trajectory of globalization, and the future of work.

Gabriel Cuadra

Member of Banco de México’s Governing Board

Gabriel Cuadra has a bachelor’s degree in Industrial Engineering from Universidad Autónoma del Estado de Morelos (UAEM) and a bachelor’s degree in Economics from Instituto Tecnológico Autónomo de México (ITAM). 

He received his M.A. and Ph.D. degrees in Economics from the University of Rochester, NY, USA. He has a 26-year career at Banco de México serving as an analyst, researcher, and senior officer. He has held the positions of Head of the Monetary Policy Issues Division at the General Directorate of Economic Research (DGIE), Director of Macrofinancial Risk Analysis at the General Directorate of Financial Stability (DGEF), and Director of Economic Studies at the DGIE. 

He is the author of several research papers on macroeconomics topics such as monetary policy, fiscal policy, macroprudential policy, business cycles and capital flows, among others. He has published academic articles in international peerreviewed journals such as the Journal of International Economics, the Review of Economic Dynamics, and the Journal of Economic Dynamics and Control, among others. He received the 2022 Citibanamex Economics Award with honors in the economic research category.

Jessica Roldán

Director of Macroeconomic Studies at CAF

Jessica has extensive experience in macroeconomic and financial analysis. She previously served as Director of Economic Analysis at Casa de Bolsa Finamex, where she led the evaluation of Mexico’s economic and financial conditions, produced forecasts for key macroeconomic variables, and provided essential insights to support decision-making.

Before that, she worked at the Bank of Mexico, where she held various roles in the Economic Research Department, eventually becoming Manager of Monetary Research. During her time at the central bank, she developed interest rate scenarios for the Monetary Policy Committee, analyzed the impact of financial markets on the economy, and oversaw the development of analytical tools for monetary policy analysis.

Jessica has a strong academic background. She earned her Bachelor’s degree in Economics, graduating Summa Cum Laude, from the Instituto Tecnológico Autónomo de México (ITAM). She also holds a Ph.D. and a Master’s degree in Economics from the University of California, Los Angeles (UCLA). She has been recognized by Bloomberg as one of the top inflation forecasters in Mexico and has received several awards for her research in economics and finance.

José Luis Escrivá

Governor, Bank of Spain

José Luis Escrivá is Governor of the Banco de España and member of the Governing Council and the General Council of the ECB. He is Chair of the Board of Governors of the CEMLA. He is member of various European and International Committees, including the ESRB, the FSB and the BIS Group of Governors and Heads of Supervision. He is also Vice-Chair of the Board of the Spanish Macroprudential Authority Financial Stability Board (AMCESFI).

Prior to his current position he was the Spanish Minister for Digital Transformation and Civil Service (2023-2024) and the Spanish Minister for Inclusion, Social Security and Migration (2020-2023). He was the first President of Spain’s Independent Authority for Fiscal Responsibility (AIReF) from 2014 to 2020 and also served as Chair of the EU Network of Independent Fiscal Institutions (2015-2019).

Gracias por registrarse, su inscripción aún está pendiente de aprobación. Le enviaremos la confirmación por correo electrónico pronto.

Thank you for signing up, your registration is still pending approval, we will send you the confirmation via email soon.