Central Bank of Chile continues its 28th annual centenary conference with sessions on inflation targeting and monetary policy under uncertainty

The Central Bank of Chile published an update on the continuation of its 28th annual conference, “Monetary policy, financial markets and future challenges: celebrating the Centenary of the Central Bank of Chile”, which brings together academics, researchers and representatives from universities, central banks and international organisations. Co-organised by MIT professor Ricardo Caballero and the Studies Management of the Monetary Policy Division, the day’s programme included a session led by Financial Policy Division Head Claudio Raddatz, featuring a keynote by John Williams, President and CEO of the Federal Reserve Bank of New York, on the inflation-targeting framework and its macroeconomic stabilisation benefits. Presentations also covered tariffs, intertemporal trade and trade deficits (Guido Lorenzoni, University of Chicago), followed by a policy panel chaired by President Rosanna Costa on monetary policy challenges amid economic-policy uncertainty, with participants including Norges Bank Governor Ida Wolden Bache, Banco de España Governor José Luis Escrivá and former Bank for International Settlements (BIS) General Manager Agustín Carstens. The conference is streamed in English and Spanish and has attracted more than 1,200 in-person and online participants. The programme continues through the afternoon with panels led by Central Bank of Chile Board Member Alberto Naudon and Head of Economic Studies Sofía Bauducco, discussing work on the drivers of financial conditions (Guillermo Carlomagno) and geoeconomic challenges for policy frameworks (Matteo Maggiori, Stanford University), before closing with a keynote by Harvard professor and former International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath on “Money and sovereignty”.