Friday, November 22, 2019

08:40 – 08:45

Welcome remarks* (video)
Alejandro Díaz de León, Governor, Banco de México

08:45 – 09:45

1st session - The relevance of central bank independence: the Mexican experience* (video)

Miguel Mancera, Former Governor, Banco de México
Guillermo Ortiz, Former Governor, Banco de México
Agustín Carstens, Former Governor, Banco de México
First session closing remarks*
Alejandro Díaz de León, Governor, Banco de México

10:00 – 12:20

2nd session - Central bank independence: an international perspective (video)
This session aims at fostering dialogue between different monetary authorities on their experiences in exercising central bank independence, as well as the main future challenges they perceive.

Keynote speech
Jacob A. Frenkel, Chairman, JPMorgan Chase International, Former Governor, Bank of Israel, Former Economic Counsellor, International Monetary Fund

International panel
Roberto de Oliveira Campos Neto, Governor, Banco Central do Brasil
Pablo Hernández de Cos, Governor, Banco de España
Nor Shamsiah Mohd Yunus, Governor, Bank Negara Malaysia

Moderator
Alejandro Díaz de León, Governor, Banco de México

Keynote speech (video)
Stanley Fischer, Former Vice Chairman, Federal Reserve System, Former Governor, Bank of Israel, Former First Deputy Managing Director, International Monetary Fund

12:20 – 14:00

3rd session - The relevance of central bank independence for monetary policy effectiveness (video)
This session will address the most recent theoretical and empirical work supporting the importance of central bank independence for monetary policy effectiveness.

Academic panel
The relevance of central bank independence: challenges and outlook
Lawrence J. Christiano, Alfred Chase Professor of Economics, Northwestern University
The dilemmas of central bank independence
Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley
The importance of central bank independence for monetary policy efectiveness
Athanasios Orphanides, Professor of the Practice of Global Economics and Management, MIT Sloan School of Management
Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University

Moderator
Daniel Chiquiar, Director General of Economic Research, Banco de México

* Available only in Spanish.