cemla-frbny

2022 CEMLA-FRBNY-ECB Conference

Monetary Policy Challenges on the Way Forward

Call for Papers

July 6 - 8, 2022 – Mexico City (hybrid)

The Center for Latin American Monetary Studies (CEMLA), the European Central Bank (ECB), and the Federal Reserve Bank of New York (FRBNY) are organizing a Conference on Monetary Policy Challenges on the Way Forward, with emphasis on monetary policy in Emerging Market Economies. As inflation has increased significantly in many countries, normalization will probably have to take place sooner than expected, rather than awaiting the reversal of diverse supply shocks that have disrupted value chains and labor markets, among others.

Thus, the main purpose of the conference is to stimulate the discussion on: 1) monetary policy strategy, implementation and transmission under heightened uncertainty and persisting supply shocks after the initial COVID shock; 2) spillovers from Advanced Economies’ monetary policies; 3) interactions between monetary policy and other policies on the way forward in the pandemic; and 4) implications of digital currencies for monetary policy implementation and its transmission channels. Theoretical and policy papers submissions addressing these and related issues are encouraged.

Papers accepted for presentation will be followed by a discussion from another speaker within the session. Accepted papers, as well as presentations and discussions, will be posted on the Conference website to facilitate the discussion among participants.

Keynote Speakers

Martín Uribe, Columbia University
Livio Stracca, European Central Bank

(One or two more Keynote Speakers will be announced)

Venue

If pandemic conditions permit, the conference will be held in Mexico City in a hybrid format (both, in-person and digitally); otherwise, the conference will be held digitally. There is no registration fee. However, participants are expected to pay their expenses for travel and accommodation.

Conference Special Issue

A special issue of the Latin American Journal of Central Banking (LAJCB) will include selected papers presented at the conference. Authors who wish their paper to be considered for the Special Issue, should clearly indicate this in their conference submission.

Special Issue Award

An award will be offered to the author(s) of the best papers of the Special Issue of the LAJCB, which will receive a compensation of 2,000 USD and 1,000 USD for the first- and second-best paper, respectively. All other included papers in the Special Issue will receive a compensation of 250 USD each. Awards will be funded by CEMLA.

Important Dates

May 5, 2022. Submission deadline. Please submit your paper to conference@cemla.org

May 20, 2022. Notification of acceptance of paper

May 31, 2022. Deadline for conference registration (there is no registration fee)

July 6 - 8, 2022. Conference dates

Scientific Committee

David Argente, Pennsylvania State University

Isaac Baley, Universitat Pompeu Fabra

Corina Boar, New York University

Gerardo Hernández-del-Valle, CEMLA

José Luis Montiel Olea, Columbia University

Carola Müller, CEMLA

Matías Ossandon Busch, CEMLA

Nelson Ramírez-Rondán, CEMLA

Sebastian Sotelo, University of Michigan, Ann Arbor

Elizabeth Téllez León, CEMLA

Benjamín Tello Bravo, CEMLA

Isabel Treviño, University of California, San Diego

Carlos Urrutia, ITAM

Organizing Committee

Kristina Karagyozova-Markova, European Central Bank

Elizabeth Mahoney, Federal Reserve Bank of New York

Nelson Ramírez-Rondán, CEMLA

cemla-frbny

2022 CEMLA-FRBNY-ECB Conference

Monetary Policy Challenges on the Way Forward

Available in June.

cemla-frbny

2022 CEMLA-FRBNY-ECB Conference

Monetary Policy Challenges on the Way Forward

Martín Uribe

Martín Uribe is a Professor of Economics at Columbia University and a Research Associate of the National Bureau of Economic Research (NBER). Before joining Columbia, Uribe taught at Duke University and the University of Pennsylvania, and was a Staff Economist in the Division of International Finance of the Board of Governors of the Federal Reserve System. Uribe obtained a Ph.D. in Economics from the University of Chicago, a Master degree from CEMA (Buenos Aires, Argentina) and a BA degree from Universidad Nacional de Córdoba (Córdoba, Argentina). He has made scientific contributions in the areas of international economics, monetary economics, and public finance. His research focuses on understanding the sources and propagation of macroeconomic shocks within and across countries and on the design of monetary, fiscal, and exchange-rate-based stabilization policies. His work has been published in academic journal including the American Economic Review, the Journal of Political Economy, and Econometrica and has received financial support from the National Science Foundation. Uribe co-authored the books 'Open Economy Macroeconomics' (Princeton University Press) and 'International Macroeconomics' (under contract, Princeton University Press). He has held visiting research positions at the Federal Reserve Bank of Philadelphia, the European Central Bank, Goethe University (Germany), University of Bonn, and Princeton University and has consulted for the World Bank. Uribe is Editor in Chief of the Journal of International Economics.

Livio Stracca

Livio Stracca is the Deputy Director General International and European Relations at the European Central Bank and an Adjunct Professor at the University of Frankfurt J.-W. Goethe. He has a Ph.D. in Economics from the University of Leicester and a Postgraduate Degree in European Union Law from King's College London. His research interests are mainly in international macroeconomics and monetary economics.

cemla-frbny

2022 CEMLA-FRBNY-ECB Conference

Monetary Policy Challenges on the Way Forward

Venue Information

CEMLA is located in Durango 54, Col. Roma Cuauhtémoc, C.P. 06700 Ciudad de México, México; near downtown Mexico City.

Mexico City is located near the center of the country, at an average altitude of 2,300 meters above sea level, bordering the State of Mexico and the state of Morelos. The capital is connected by land to multiple destinations.

Time Zone

Mexico has a time difference with Greenwich Mean Time of -6 hours throughout its territory. The country has a daylight saving time that begins in April 3, 2022 and ends in October 30, 2022.

Weather

In Mexico City, the wet season is warm and overcast and the dry season is comfortable and partly cloudy. Throughout the year, the temperature usually ranges from 6°C to 26°C and is rarely below 3°C or above 30°C.

The warm season lasts for 2.5 months, from March 22 to June 8, with an average daily temperature above 20°C. The hottest month of the year in Mexico City is May, with an average high of 27°C and low of 13°C.

The cool season lasts for 2.5 months, from November 19 to February 3, with an average daily high temperature below 22°C. The coldest month of the year in Mexico City is January, with an average low of 6°C and high of 22°C.

Visa Information

All participants are responsible for all Passport and visa formalities, and if needed, to comply with health regulations.

Citizens of certain countries require a visa to enter Mexico. In the following link you will find a list of citizenships which require visas: Countries that require visas.

Exceptions apply if you have a visa or if you are a permanent resident of the United States, Canada or Europe. If you are a citizen of a country requiring a visa, please contact the closest Mexican consulate at: Mexican consulates. For more information, please click here.

If you require an invitation letter in order to obtain the visa, please email us at: mlalonso@cemla.org specifying your current affiliation and title of the paper that you will be presenting.

Currency and Exchange Rate

Official currency: Mexican peso (MXN).

Average exchange rate is around: $20.00 USD/MXN. For the updated exchange rate click here.

You will be able to make currency exchanges at exchange houses and in some bank offices. It is recommended to exchange money at the airport since exchange houses and banks near CEMLA and the suggested hotels are closed on weekends, and close early during the week (around 16:00 hrs). Usually, ATMs are available 24 hours. You may draw cash using international debit and credit cards with worldwide brands, like Visa, Mastercard, Visa Electron and Dinners. For more information, please visit (Banco de México) here.

VAT and others
  • · VAT: 16%.
  • · Hotel service: additional charge of 3% on top of lodging (ISH or lodging tax).
  • · Tips at restaurants: from 10% to 15% depends on the service you have received.
Electricity Service

Energy: 127 volts AC at 60 cycles (127V AC, 60 Hz). Two flat-pin plugs and some with grounding.

Transportation

The Benito Juárez International Airport in Mexico City is located 13 kilometers from the Downtown. It has two terminals which are identified by Terminal 1 and Terminal 2 and both are connected by aerotrain and free bus transportation. For more information, you may find the airport website here.

When arriving to Mexico City, transportation from the airport to hotels can be done by transportation apps (such as Uber, Cabify, Didi and Lyft, among others), or taxi. For taxi transportation it is important to select a taxi company inside the airport (there are different options to select from once you exit customs and immigration), pay the cashier inside the airport and ask for the cab in the corresponding exit. The Mexico City International Airport (AICM) offers spaces or boarding areas for the use of authorized cabs accredited by the Ministry of Communications and Transportation (SCT) and regulated by the Airport, for more information on authorized cabs click here.

For transportation in Mexico City, we recommend participants to use transportation apps or taxi service taken from “SITIO” stands. We recommend that participants avoid taking taxis from the street. SITIO stands can be found in several locations and phone numbers to call for taxis can be obtained in the hotels.

CEMLA, will not provide transportation services.

Accommodation

The following table shows CEMLA’s recommended hotels, the rates available to events participants and hotel contact information. Booking hotel is the visitors’ responsibility. Consider that hotels usually request a credit card to guarantee the reservation. For any of the booking options, remember to add 3% ISH tax and 16% VAT.

To receive the corporate rate in the recommended hotels you must specify the name of CEMLA. Any change of rates is the responsibility of each hotel. Even though some bookings can be made online we recommend contacting the hotel directly to make sure the group rate is given.

Recommended Hotels
 
Hotel
Rates
Reservation information
Stanza

Av. Álvaro Obregón 13, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX

(3-minute car trip, 6-minute walk, 500m to CEMLA)

Ordinary rate per night:

$2,130.00 MXN

CEMLA corporate rate:

$1,260.00 MXN

Includes:

wi-fi, coffee maker

Royal Reforma

C. Amberes 78, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(10-minute car trip, 13-minute walk, 1 km to CEMLA)

Ordinary rate per night:

$ 2,300.00 MXN

CEMLA corporate rate:

$ 1,315.00 MXN

Includes:

wi-fi, breakfast buffet

Four Points by Sheraton

Av. Álvaro Obregón 38, C. U. Benito Juárez, Cuauhtémoc, 06700 Ciudad de México, CDMX

(5-minute car trip, 6-minute walk, 500 m to CEMLA)

Ordinary rate per night:

$ 2,434.00 MXN

CEMLA corporate rate:

$ 2,076.91 MXN

Includes:

wi-fi, parking

City Express Plus Reforma El Angel

Av. Paseo de la Reforma 334, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(10-minute car trip, 20-minute, 1.6 km walk to CEMLA)

Ordinary rate per night:

$ 2,700.00 MXN

Includes:

wi-fi, breakfast

Sheraton Mexico City María Isabel

Av. Paseo de la Reforma 325, Cuauhtémoc, 06500 Ciudad de México, CDMX

(13-minute car trip, 21-minute walk, 1.6 km to CEMLA)

Ordinary rate per night:

$ 7,560.00 MXN

CEMLA corporate rate:

$ 3,633.00 MXN

Includes:

wi-fi, breakfast buffet, gym

Marriot Reforma

Av. Paseo de la Reforma 276, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX

(15-minute car trip, 17-minute walk, 1.3 km to CEMLA)

Ordinary rate per night:

$ 7,850.00 MXN

CEMLA corporate rate:

$ 3,776.20 MXN

Includes:

wi-fi, wi-fi in business center, breakfast buffet, gym

Brick Hotel

Orizaba 95, Roma Nte., Cuauhtémoc, 06700 Ciudad de México, CDMX

(6-minute car trip, 7-minute walk, 500 m to CEMLA)

Ordinary rate per night:

$ 7,125.00 MXN

Map

Visit Mexico

Mexico City is a unique visitor destination offering a wide range of attractions combining historic and modern-day life in a vibrant and friendly atmosphere. Take a day to visit the pre-Hispanic ruins of Teotihuacan, or visit the Centro Histórico and marvel at its rich architecture form the Catedral and Plaza del Zócalo to Palacio de Bellas Artes, visit world-class museums, or spend the day at some of the modern-day bustling neighborhoods and enjoy a fine dining experience at some of the world’s top-rated restaurants. For more information visit: http://cdmxtravel.com/en/.

Dinning

Mexico City offers a wide variety of restaurants most of them located in the tourist areas of Polanco, Roma and Condesa near the Conference Venue.

Sightseeing/Day trips

If you are planning to stay an extra day or two in Mexico City, we recommend taking a day to visit the Centro Histórico, Coyoacán, Reforma Avenue, Colonia Roma, Xochimilco, and Chapultepec.

A day trip to Teotihuacan to see the pyramids can be arranged with the hotel concierge.

Mexico City offers some world class museums including the Anthropology Museum, the Museo Soumaya, and the Interactive Museum of Economics.