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
The Role of Progressivity on the Economic Impact of Fiscal Transfers: a HANK for Chile, with Benjamín García and Carlos Lizama. Forthcoming, Central Bank of Chile’s Conference Volume 30, 2024. [Paper] [Presentation Video]
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.
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). [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]
Work in Progress
The High Frequency Effects of Volatility on Consumption, with Luis Felipe Céspedes and Ignacio Rojas
Monetary Policy, Trade Openness, and the Slope of the Phillips Curve, with Damián Romero
Monetary Shocks and Labor Income Risk with a Billion Observations, with Sergio Salgado
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 Damián Romero
Teaching
Currently
Monetary and Fiscal Policy with Heterogeneous Agents [webpage]
Previously
As a Teaching Assistant at UPF:
Advanced Macroeconomics II. Prof. Jordi Galí.
International Economics. Prof. Alessandra Bonfiglioli.
Macroeconomics I. Prof. Xavier Cuadras.
Advanced Macroeconomics I. (Barcelona GSE master in economics course). Prof. Jaume Ventura and Gino Gancia.
Financial Economics. Prof. Javier Gil.
Also: Data Analysis, Mathematics I, Economics for Law, Introduction to Microeconomics.
As a Lecturer in Chile:
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