Serafín Frache Derrégibus


Appointments

Associate Professor March 2018 - present

Department of Economics

Universidad de Montevideo


Education

Ph.D. in Economics March 2015

Queen Mary University of London


M.Sc. in Economics September 2009

University College London


B.A. in Economics August 2004

Universidad de la República - Uruguay


Research

Publications

  • “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

  • “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 Working Paper No. 31485, 2023.
  • “The Transmission of International Monetary Policy Shocks on Firms’ Expectations,” [with Rodrigo Lluberas, Javier Turen and 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

  • “Evaluating export benefits along the value chain", [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
  • Macroeconomics II 2018 - present
  • Macroeconomics I (Master) 2018 - present
  • Macroeconomics II (Master) 2021 - present
  • Mathematical Economics I 2018 - 2022
  • 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

  • 2023: NBER Fall Monetary Economics Meetings, Boston, U.S..
  • 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

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

  • 2019: VIII Encuentro Anual de la Sociedad de Economistas del Uruguay, Montevideo, Uruguay
  • 2018: RIDGE Workshop on Inflation Expectations, 3rd August, Montevideo, Uruguay
  • 2014-2017: Economic Annual Meetings Central Bank of Uruguay, Montevideo, Uruguay

Master Thesis Advisor

  • 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

  • 2018 - presentCentral Bank of Uruguay
    External Consultant
  • 2022 - 2023World Bank
    Lead Modeler and Economist, 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

Download Last updated: Mar, 2024