Mario Giarda
Mario Giarda
Economist at Central Bank of Chile

About Me

Hi! I am the Head of the Economic Modeling Department at the Central Bank of Chile.

I hold a Ph.D. in Economics from Universitat Pompeu Fabra, Barcelona. I am interested in macroeconomics broadly. In particular, I am interested in monetary and fiscal policy, focusing on agents' heterogeneity.

To see my research and activities just scroll down!

 

CV and Contact

You can find my CV here:

Contact:

mgiarda@bcentral.cl

Agustinas 1180, Santiago, Chile

Publications

  1. The Role of Progressivity on the Economic Impact of Fiscal Transfers: a HANK for Chile, with Benjamín García and Carlos Lizama. In “Heterogeneity in Macroeconomics: Implications for Monetary Policy,” Vol. 30, Serie Banca Central y Políticas, Central Bank of Chile.

    [Presentation Video]

  2. Transmission Mechanisms in HANK: an Application to Chile, with Benjamín García, Carlos Lizama, and Ignacio Rojas. Latin American Journal of Central Banking, Vol. 5, Issue 3, Sept. 2024, 100125. [Paper] [Appendix]

    Second Place Award of the Central Bank Award Rodrigo Gómez 2023, CEMLA.

  3. Inequality, Nominal Rigidities, and Aggregate Demand, with Sebastián Diz and Damián Romero. European Economic Review, Vol. 158, Sept. 2023, 104529. [Paper][Appendix][Published Paper]

Research

  • The Labor Earnings Gap, Heterogeneous Wage Phillips Curves, and Monetary Policy, Documento de Trabajo N° 934. Central Bank of Chile (2021). Revised Oct. 2024 [Paper]

  • Government Purchases, the Labor Earnings Gap, and Consumption Dynamics, Documento de Trabajo N° 972, Central Bank of Chile (2023). [Paper]

  • Time-Varying Expenditure Shares and Macroeconomic Dynamics, with Benjamín García, Carlos Lizama, and Damián Romero, Documento de Trabajo N° 1000, Central Bank of Chile (2023). [Paper]

  • Cross-Sectional Labor Dynamics After a Foreign Shock, with Rosario Aldunate, Andrés Blanco, Andrés Fernández, and Gastón Navarro [Draft coming soon]

  • Monthly Heterogeneous Markup Cyclicality and Inflation Dynamics, with Antonio Martner and Will Lu. [Draft coming soon]

  • Monetary Shocks and Labor Income Risk with a Billion Observations, with Ignacio Rojas and Sergio Salgado

Work in Progress

  • The High Frequency Effects of Volatility on Consumption, with Luis Felipe Céspedes and Ignacio Rojas

  • Aggregate Demand Effects of Conditional and Unconditional Fiscal Transfers, with Benjamín García and Carlos Lizama

  • The Higher You Are, the Farther You Fall?: Non-Linearities in New Keynesian Economies, with Sebastián Diz and Damián Romero

  • iMPCs in a Large-Scale DSGE: Assessing the Macroeconomic Effects of Fiscal Transfers in a Small Open Economy, with Benjamín García, Ítalo González, and Ignacio Rojas

  • Characterizing Income Risk in a Fast Growing Economy, with Ignacio Rojas and Sergio Salgado

 Teaching

As a Lecturer in Chile:

  • Monetary and Fiscal Policy with Heterogeneous Agents (2024)

As a Teaching Assistant at UPF:

  • Advanced Macroeconomics II. Prof. Jordi Galí.

  • Macroeconomics I. Prof. Xavier Cuadras.

  • Advanced Macroeconomics I. (Barcelona GSE master in economics course). Prof. Jaume Ventura and Gino Gancia.

  • Also: Data Analysis, Mathematics I, Economics for Law, Introduction to Microeconomics, Financial Economics, International Economics.

Before PhD

  • Macroeconomics I. Analysis of real aggregates. University of Chile.

  • Macroeconomics II. Monetary economics. University of Chile.

  • International Economics. University Adolfo Ibañez.

  • Introduction to Macroeconomics. Universidad de Talca.

 Policy Reports

Participation in a Horizon 2020 project: Frame-H2020