

XXVIII Meeting of the Central Bank Researchers Network - 2023 CEMLA Conference
The XXVIII Meeting of the Central Bank Researchers Network took place on November 9 and 10, 2023 at the CEMLA’s headquarters in Mexico City. The event brought together scholars, policymakers, and professionals to discuss essential topics in central banking. Keynote Lectures were given by Michele Boldrin (Washington University in Saint Louis) and Saki Bigio (UCLA).
The program featured 27 research papers corresponding to 85 authors in 9 sessions, divided into 4 parallel sessions. The sessions covered the following subjects: inflation expectations; monetary policy: theory; credit; exchange rate; inflation; financial modeling; monetary policy: empirics; financial flows and payments; and macroeconomics: labor and trade.

XXVIII Meeting of the Central Bank Researchers Network - 2023 CEMLA Conference
Call for Papers
November 9 - 10, 2023 – Mexico City (hybrid)
The Center for Latin American Monetary Studies (CEMLA) is organizing its XXVIII Meeting of the Central Bank Researchers Network, to be held on November 9 - 10, 2023. CEMLA invites contributions from papers in which at least one co-author is affiliated to a CEMLA Member Institution (Associate or Collaborating). Notwithstanding the above, authors affiliated to other external institutions are also welcome to submit their papers, for whom a limited number of slots in the program will be considered.
Papers accepted for presentation will be discussed by another speaker within the same session. Accepted papers, as well as presentations and discussions, will be posted on the Conference website to facilitate the discussion among participants.
Keynote Speakers
Venue
The conference will be held at CEMLA’s facilities in Mexico City in a hybrid format (in-person and digital). 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
All accepted papers in the Special Issue will receive a compensation of 1,000 USD each, which CEMLA will fund. If the paper participates in any other CEMLA award, it will only be eligible for the monetary prize once.
Important Dates
August 4, 2023. Submission deadline. Please submit your paper to network@cemla.org
August 24, 2023. Notification of paper acceptance
September 4, 2023. Deadline for conference registration (there is no registration fee)
November 9 - 10, 2023. Conference dates
Scientific Committee
David Argente, Pennsylvania State University
Isaac Baley, Universitat Pompeu Fabra
Corina Boar, New York University
Javier García-Cicco, Universidad del CEMA
Gerardo Hernández-del-Valle, CEMLA
Peter Karlström, CEMLA
Pablo Kurlat, University of Southern California
Gustavo Leyva, CEMLA
Carola Müller, CEMLA
Matías Ossandon Busch, CEMLA
Nelson Ramírez-Rondán, CEMLA
Veronica Rappoport, London School of Economics
Sebastian Sotelo, University of Michigan, Ann Arbor
Benjamín Tello Bravo, CEMLA
Organizing Committee
Gerardo Hernández-del-Valle, CEMLA
Gustavo Leyva, CEMLA
Matías Ossandon Busch, CEMLA
Nelson Ramírez-Rondán, CEMLA

XXVIII Meeting of the Central Bank Researchers Network - 2023 CEMLA Conference

Michele Boldrin
Michele Boldrin is the Joseph Gibson Hoyt Distinguished University Professor and Chair at the Department of Economics, Washington University in Saint Louis; he is also currently a Fellow of the Econometric Society, an Associate Editor of Econometrica, an Editor of the Review of Economic Dynamics, and the Book Review Editor of Macroeconomic Dynamics, a Research Fellow of CEPR (London) and FEDEA (Madrid), and an economic advisor to the Federal Reserve Bank of Saint Louis and to the Bank of Japan. He received his Ph.D. and Master of Science in Economics at the University of Rochester, NY. His research focuses on the theory and application of Dynamic General Equilibrium models. His main publications appear in American Economic Review, Econometrica, Journal of Political Economy, Review of Economic Studies, Journal of Economic Theory, among others.

Saki Bigio
Saki Bigio is an Associate Professor at the Department of Economics of the University of California, Los Angeles (UCLA); previously, he was an Assistant Professor at Columbia Business School. Bigio has held Visiting Scholar positions at Princeton University and the Federal Reserve Bank of San Francisco. He received his Ph.D. in Economics at the New York University, NY. His work is focused on the theoretical and quantitative nexus between financial-market liquidity, credit, payment systems and the macroeconomy. His main publications appear in American Economic Review, Quarterly Journal of Economics, Econometrica, European Economic Review, American Economic Journal: Macroeconomics; Journal of Political Economy Macroeconomics, among others.

XXVIII Meeting of the Central Bank Researchers Network - 2023 CEMLA Conference
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 Olivia Fuentes (ofuentes@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:
$112.11 USD
CEMLA corporate rate:
$68.95 USD
Phone: + 52 55 5208 0052

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:
$144.00 USD
CEMLA corporate rate:
$69.00 USD
Includes:
wi-fi, breakfast buffet, gym, pool, sauna (upon request)
Phone: +52 55 9149 3000

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:
$ 178.89 USD
CEMLA corporate rate:
$ 107.92 USD
Includes:
fitness center
Phone: +52 55 1085 9500

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:
Please consult directly with the hotel.
Includes:
wi-fi, breakfast
Phone: +52 55 5228 7800

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:
Please consult directly with the hotel.
CEMLA corporate rate:
$183.69 USD
Includes:
wi-fi, breakfast buffet, gym
Phone: +52 55 52425672

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:
$ 395.00 USD
CEMLA corporate rate:
$ 184.89 USD
Includes:
wi-fi in business center, breakfast buffet, gym
Phone: +52 55 1102 7030

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:
Please consult directly with the hotel.
Phone: +52 55 9155 7610
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: Official Mexico City Visitors' Guide | Guía oficial para turistas de la CDMX Mexico City.
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.
COVID-19 Protocol
CEMLA Health Protocol based on the suggestions of the Pan-American Health Organization
- Body-temperature checks and provision of hand-sanitizing gel and face-masks at the entrance of our facilities.
- Limited capacity in rooms to comply with a minimum distancing of 1.5m between individuals.
- Rodrigo Gómez Auditorium has been equipped with an air-ventilation system with UV-C light air purifiers and air-exhaust systems.
- Javier Marquez Room, Multimedia Room, restrooms and boardrooms, among other rooms, have been equipped with UV-C light conditioning.
- CO2 and humidity monitors in the main spaces of the building.
- Open-door room policy.
- Cleaning and maintenance plans after regular occupation hours.
- Regular updates based on the tracking of recommendations of the health authorities in Mexico and International Organizations.