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2023 Latin American Journal of Central Banking Conference

The 2023 Latin American Journal of Central Banking Conference took place on July 13 and 14, 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 Charles Bean (LSE), who presented “To QE or not to QE: What Have We Learnt from Two Decades of Unconventional Monetary Policies?” and Vincent Reinhart (Mellon), who gave a talk titled “The Tragedy of Central Banking.”

The program featured 27 research papers in 9 sessions, divided into 3 parallel sessions. The sessions covered the following subjects: inflation, inflation expectations, monetary policy, monetary policy and heterogeneity, financial markets, macroeconomic theory, payments and technology, empirical macrofinance, and systemic risk. A particular conference highlight was the 2022 Central Bank Award Rodrigo Gómez Ceremony. Finally, a special issue of the Latin American Journal of Central Banking (LAJCB) will include selected papers presented at the Conference.

cemla-frbny

2023 Latin American Journal of Central Banking Conference

Call for Papers

July 13 - 14, 2023 – Mexico City (hybrid)

The Center for Latin American Monetary Studies (CEMLA) is pleased to organize the first version of the Latin American Journal of Central Banking (LAJCB) Conference, to be held on July 13 - 14, 2023 at CEMLA’s headquarters in Mexico City. CEMLA invites paper contributions within the broad range of topics of interest to central banks, including (but not limited to) monetary theory and policy, financial intermediation (both theory and empirics), climate–related aspects of financial stability and monetary policy, digitalization and financial markets, and payments and market infrastructures. The conference is open to papers that may or may not wish to be published in the LAJCB.

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

Keynote Speakers

Charles Bean, London School of Economics

Venue

The conference will be held at CEMLA’s facilities in Mexico City in a hybrid format (in-person and digitally). There is no registration fee. There is a limited budget to cover economy flights and hotel expenses for in-person presenters.

Conference Special Issue

A special issue of the Latin American Journal of Central Banking 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 1,500 USD each, which CEMLA will fund. The monetary prize will be divided in equal parts among each paper's authors. If the paper participates in any other CEMLA award, it will only be eligible for the monetary prize once.

Important Dates

May 15, 2023. Submission deadline. Please submit your paper to conference@cemla.org

May 26, 2023. Notification of paper acceptance

June 6, 2023. Deadline for conference registration (there is no registration fee)

July 13 - 14, 2023. Conference dates

Guest Editors

Gerardo Hernández-del-Valle, CEMLA

Peter Karlström, CEMLA

Gustavo Leyva, CEMLA

Serafín Martínez-Jaramillo, Banco de México

Carola Müller, CEMLA

Matías Ossandon Busch, CEMLA

Jorge Ponce, Banco Central del Uruguay

Nelson Ramírez-Rondán, CEMLA

Thiago Silva, Banco Central do Brasil

Benjamín Tello, CEMLA

Organizing Committee

Gerardo Hernández-del-Valle, CEMLA

Gustavo Leyva, CEMLA

Matías Ossandon Busch, CEMLA

Nelson Ramírez-Rondán, CEMLA

cemla-frbny

2023 Latin American Journal of Central Banking Conference

cemla-frbny

2023 Latin American Journal of Central Banking Conference

Charles Bean

Charles Bean is Professor of Economics at the London School of Economics and Chairman at the Centre for Economic Policy Research. Previously, he was a member of the Budget Responsibility Committee at the Office for Budget Responsibility, and has held several positions at the Bank of England such as Deputy Governor, Chief Economist, and Executive Director for Monetary Analysis and Statistics. He holds a Ph.D. in Economics from the Massachusetts Institute of Technology (MIT). His research interests cover monetary policy, European unemployment and macroeconomics. He has served on the boards of several academic journals and was Managing Editor of the Review of Economic Studies. His main publications appear in American Economic Review, Review of Economic Studies, Economic Journal, European Economic Review, Economica, Journal of Economic Perspectives, among others.

Vincent Reinhart

Vincent Reinhart is Chief Economist and Macro Strategist at Mellon. Previously, he served as Chief US Economist and Managing Director at Morgan Stanley, Resident Scholar at the American Enterprise Institute and held several positions at the Federal Reserve including Director of the Division of Monetary Affairs, Secretary and Economist of the Federal Open Market Committee. He holds a Master’s Degree in Economics from Columbia University. His research interests cover the conduct of policy and issues related to the monetary transmission mechanism, analysis of alternative auction techniques and Treasury debt management. His main publications appear in American Economic Review, Journal of Economic Perspectives, Journal of International Economics, Journal of Economics and Business, among others.

cemla-frbny

2023 Latin American Journal of Central Banking 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

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)

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

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

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

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

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.

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

  1. Body-temperature checks and provision of hand-sanitizing gel and face-masks at the entrance of our facilities.
  2. Limited capacity in rooms to comply with a minimum distancing of 1.5m between individuals.
  3. Rodrigo Gómez Auditorium has been equipped with an air-ventilation system with UV-C light air purifiers and air-exhaust systems.
  4. Javier Marquez Room, Multimedia Room, restrooms and boardrooms, among other rooms, have been equipped with UV-C light conditioning.
  5. CO2 and humidity monitors in the main spaces of the building.
  6. Open-door room policy.
  7. Cleaning and maintenance plans after regular occupation hours.
  8. Regular updates based on the tracking of recommendations of the health authorities in Mexico and International Organizations.