Serafín Frache Derrégibus
Appointments
March 2020 - present
Department of Economics
Universidad de Montevideo
March 2018 - February 2020
Department of Economics
Universidad de Montevideo
Education
March 2015
Queen Mary University of London
September 2009
University College London
August 2004
Universidad de la República - Uruguay
Research
Publications
- “Tell Me Something I Don't Already Know: Learning in Low and High Inflation Settings,” [with Michael Weber, Bernardo Candia, Hassan Afrouzi,
Tiziano Ropele, Rodrigo Lluberas, Brent Meyer, Saten Kumar, Yuriy Gorodnichenko, Dimitris Georgarakos, Olivier Coibion, Geoff Kenny and Jorge Ponce],
(NBER, CEPR, IZA), accepted for publication in Econometrica, 2024.
- “Belief-dependent pricing decisions,” [with Rodrigo Lluberas and Javier Turen],
Economic Modelling, Vol. 132, 106630, March 2024.
- “Countercyclical prudential tools in an estimated DSGE model,” [with Javier García-Cicco
and Jorge Ponce], Latin American Journal of Central Banking, Vol. 4(3), 100095, 2023.
- “Buffer-Stock Saving and Households' Response to Income Shocks,” [with Giulio
Fella and Winfried Koeniger], International Economic Review, Vol. 61(3), 1359-1382, 2020.
Working Papers
- “The Transmission of International Monetary Policy Shocks on Firms’ Expectations,” [with Rodrigo Lluberas, Javier Turen y
Mathieu Pedemonte], Federal Reserve Bank of Cleveland, Working Paper No. 23-01, 2023, .
- “Official statistics release and inflation expectations,” [with Rodrigo Lluberas], Documentos de trabajo 2020009,
Banco Central del Uruguay, 2020.
- “New information and inflation expectations among firms,” [with Rodrigo Lluberas], Bank for International Settlements,
BIS Working Papers 781, April 2019, .
- “Countercyclical capital buffers, dynamic provisions or both?,” [with Javier García-Cicco and Jorge Ponce], in New Challenges in Central Banking:
Monetary Policy Governance and Macroprudential Issues, SUERF - The European Money and Finance Forum, Cap. 9, November 2017.
Work in Progress
- “Beefing Up: Commodity Exports to China and Production Network Spillovers", [with Francesco Amodio and Giorgio Chiovelli]
- “Labor reallocation and inequality: measurements from Uruguay matched employer-employee data”,
[with Jesper Bagger, Rodrigo Lluberas, Juan Pablo Rud and Leandro Zipitría]
Policy Papers
- “Assessing the Impact of Climate Policies in Uruguay,” World Bank Group Report, Forthcoming 2024.
- “Un modelo estocástico de equilibrio general para la economía uruguaya con producción de commodities,” [with Helena Rodríguez],
Banco Central del Uruguay, Documentos de trabajo 2021006, 2021, .
- “Estimación de los efectos de la Ley de Inclusión Financiera en un marco Dinámico Estocástico de Equilibrio General,” [with Juan Odriozola],
Banco Central del Uruguay, Documentos de trabajo 2016006, 2016.
- “Un modelo estocástico de equilibrio general para la economía uruguaya,” Banco Central del Uruguay, Documentos de trabajo 2016002, 2016.
- “Estimating a Risky Term Structure of Uruguayan Sovereign Bonds,” [with Gabriel Katz], Department of Economics - dECON,
Documentos de Trabajo (working papers) 0304, 2004.
Teaching
Universidad de Montevideo
Lecturer
- Econometrics II 2025 - present
- Macroeconomics II 2018 - present
- Mathematical Economics I 2018 - 2022
- Macroeconomics I (Master) 2018 - present
- Macroeconomics II (Master) 2021 - present
- Quantitative Methods in Economics and Finance (Master)2017 - 2019
Universidad del CEMA - Argentina
Lecturer
- DSGE Modelling for Monetary Policy Analysis (Master & Ph.D) 2018 - 2021
dECON - School of Social Sciences - UDELAR - Uruguay
Lecturer
- Macroeconomics (Master) 2014 - 2017
School of Economics and Finance - UDELAR - Uruguay
Lecturer
- Econometrics I 2014 - 2017
- Econometrics II 2014 - 2017
Teaching Assistant
- Econometrics I 2003 - 2008
- Econometrics II 2003 - 2008
- Mathematics I 2003 - 2005
School of Economics and Finance - Queen Mary University of London
Teaching Assistant
- Macroeconomics II 2012 - 2014
- Corporate Finance II 2012 - 2013
School of Business and Management - Queen Mary University of London
Teaching Assistant
- Quantitative Research Methods for Business 2010 - 2011
Conferences, Seminars and Presentations
- 2024: XXXIX Economic Annual Meetings Central Bank of Uruguay, Montevideo, Uruguay; Workshop OPYPA-IADB, Montevideo, Uruguay.
- 2022: Central Bank of Uruguay, Montevideo, Uruguay; LACEA, Lima, Perú.
- 2019: dECON, School of Social Sciences UDELAR, Uruguay; Central Bank of Uruguay, Montevideo, Uruguay; ASSA Meetings, Atlanta, U.S..
- 2017: LACEA-LAMES, Buenos Aires, Argentina; XXII Meeting of Central Bank Researchers CEMLA, Bogotá, Colombia;
CEMLA Researchers Meeting, Mexico City, Mexico.
- 2016: RIDGEWorkshop on International Macro, Montevideo, Uruguay; Workshop on Dynamic Economics, FCEA, Montevideo, Uruguay;
XXI Meeting of Central Bank Researchers CEMLA, Brasilia, Brasil; XXXI Economic Annual Meetings Central Bank of Uruguay, Montevideo, Uruguay
- 2015: ORT University, Montevideo, Uruguay.
- 2013: 67th European Meeting of the Econometric Society (ESEM), Gothenburg, Sweden; Royal Economic Society, Royal Holloway University of London,
United Kingdom; Queen Mary University of London, United Kingdom.
- 2010: Queen Mary University of London, United Kingdom.
- 2004: LACEA, San José, Costa Rica.
Other Academic Activities
- 2020: Funding Member and Co-Director MONT2 Econ Lab
Seminars, Workshops and Conference Co-Organizer
- 2024:Production Networks, Trade, and Development Workshop at McGill University, Montreal, Canada
- 2019:VIII Annual Meetings Uruguayan Economists Society, Montevideo, Uruguay
- 2018:RIDGE Workshop on Inflation Expectations, 3rd August, Montevideo, Uruguay
Reviewer
- 2019: Comisión Sectorial de Investigación Científica (CSIC), School of Economics
and Management, UDELAR - Montevideo - Uruguay
- 2016: Fondo María Viñas, Agencia Nacional de Investigación e Innovación, Montevideo, Uruguay
Scientific Committee
- 2020-2024: Economic Annual Meetings Central Bank of Uruguay, Montevideo, Uruguay
- 2014-2017: Economic Annual Meetings Central Bank of Uruguay, Montevideo, Uruguay
Master Thesis Advisor
- 2024: Mardin Mendina, Msc. in Economics, School of Business and Economics, Universidad de Montevideo, Montevideo - Uruguay
- 2020: Luciana Marchesoni, Msc. in Economics, School of Business and Economics, Universidad de Montevideo, Montevideo - Uruguay
- 2019: Patricio Beretta & Alejandro Cichevsky, Msc. in Economics, School of Business and Economics, Universidad de Montevideo, Montevideo - Uruguay
- 2018: Facundo Danza & Giorgina Silvotti, Msc. in Economics, School of Business and Economics, Universidad de Montevideo, Montevideo - Uruguay
- Rafael Xavier, Msc. in Economics, School of Business and Economics, Universidad de Montevideo, Montevideo - Uruguay
- 2017: Juan Odriozola, dECON, School of Social Sciences, UDELAR - Montevideo - Uruguay
Thesis Examinations
- 2020: Master Thesis: Martín Sequeira, School of Economics and Management, UDELAR - Montevideo - Uruguay
- 2019: Master Thesis: Alejandro Fried, dECON, School of Social Sciences, UDELAR - Montevideo - Uruguay.
- Master Thesis: Laura Zacheo, School of Economics and Management, UDELAR - Montevideo - Uruguay
- 2015: PhD Thesis: Roberto Methol Raffo, Pontificia Universidad Católica Argentina Santa María de los Buenos Aires
Professional Experience
- 2024Inter-American Development Bank - OPYPA
External Consultant
- 2022 - 2023World Bank
Lead Modeler and Economist, Consultant
- 2018 - 2023Central Bank of Uruguay
External Consultant
- 2018 - 2019Inter-American Development Bank
External Consultant, Trade and Investment Division
- 2017 - 2018Transforma Uruguay
External Consultant, Monitoring and Evaluation area
- 2014 - 2017Central Bank of Uruguay
Senior Researcher
- 2014 - 2016Inter-American Development Bank
External Consultant, Citizen Security Impact Evaluation program
- 2013Towers Watson, London, United Kingdom
Research Assistant, Project: 2013 edition of the
“FTSE 100 Defined Contribution Pension Scheme Survey”
- 2007 - 2008Ministry of Economics and Finance of Uruguay
Economic Adviser
- 2006 - 2007Watson Wyatt, Uruguay
Economist, Global Research Office
- 2005 - 2006Watson Wyatt, Uruguay
Senior Analyst, Global Research Office
- 2002 - 2005PricewaterhouseCoopers, Uruguay
Consultant, Economic Services Department
- 2002United Nations, Uruguay
External Consultant, Project URU/99/013 of UNDP
- 2001Integra Consultores, Uruguay
Research Assistant
- 1998-2002Ministry of Industry, Energy and Mining, Uruguay
Economic Analyst, National Head Office of Industry, Industrial Competitiveness Division
- 2000Central Bank of Uruguay
Internship, Financial Policy and Macroeconomic Programming Area
Awards and Scholarships
Grants, Honors, and Scholarships
- SSHRC Canada Insight Grant (Collaborator)2023 - 2028
- SSHRC Canada Insight Development Grant (Collaborator)2020 - 2022
- Postgraduate Research Fund, Queen Mary University of London2013
- 2012 - 2013 Scholarship for PhD studies, School of Economics and Finance,
Queen Mary University of London
- 2009 - 2012PhD Fellowship, Economics Department Queen Mary
University of London
- 2008 - 2009Japan - Inter - American Development Bank
Scholarships for the MSc at UCL
- Chevening Scholarship for graduate studies in the U.K.2008 - 2009
Awards
- Third Prize, Central Bank Economics and Finance Award, Brazil2017