Call for Papers
Third Workshop in Open Economy Macroeconomics and International Finance
Santiago, Chile, January 15-18, 2001

The Workshop in Open Economy Macroeconomics and International Finance  will be held at Santiago, Chile January 15 to 18, 2001. This Workshop is the third Winter edition of the Camps in International Economics and Finance sponsored by LACEA and is organized by the Center for International Economics at the University of Maryland and The Economic Institute of the Pontificia Universidad Católica de Chile.

The workshop is a unique event that brings together top researchers, financiers, and policymakers from the North and the South to discuss recent theoretical and empirical advances in Open Economy Macroeconomics and International Finance. The goal of these meetings is to use the findings of research in order to gain a better understanding of the macroeconomic problems faced by Latin American countries, and also to encourage research on the subject. The program's format will be similar to that of the past meetings in Buenos Aires, Paracas, and Cartagena (for details on 2000 Summer Camp, visit Three days will be devoted to pure brainstorming among campers, and one to a conference open to the public.

A program committee formed by Guillermo Calvo, Vittorio Corbo, Andrés Neumeyer, and Andres Velasco will select participants and  papers for the brainstorming sessions. We welcome theoretical and empirical research relevant for understanding the macroeconomic problems faced by Latin American countries. Possible topics include business cycles and unemployment in emerging economies, the choice of a monetary and exchange rate regime, the transmission mechanism of monetary policy, experience with inflation targeting in open economies,  capital flows and asset prices in emerging markets (country risk), the stability of the financial system, balance of payments crises, and the international financial architecture. A special emphasis will be placed in attracting young scholars.

The conference open to the public will include policy makers as well as academics, and will have an entirely different format. It will preferably be in Spanish, and the presentations will be policy oriented. The focus will be on The Current Problems Faced in The Region (Macroeconomic Policy During the Convergence to low inflation, Alternative Monetary Arrangements, Alternative Schemes for Economic Integration, and Recent Developments and Future Prospects for the Main Countries in the region). 

A necessary condition to participate in the Workshop is to present a paper or research project testifying to the author’s research commitment to this field.  Those invited to participate, however, will not necessarily be asked to present a paper. Actually, we anticipate that there will be more participants than the twelve papers that we will be able to accommodate during the brainstorming sessions. Thus, a basic requirement is your willingness to be an active participant during those three days. (Attendance to the conference open to the public, which will take place the last day of the program, is not required).

For academic participants, we expect to be able to offer hotel accommodations and a round-trip economy class (cheapest) airfare. We urge you to find other sources of funds to cover transportation costs, as we are running this on a very limited budget.

Please, send us an email indicating your willingness to participate in the summer camp to, by November 15, 2000. If you would like to present a paper, send also a title and an abstract. The submission deadline for papers and research projects is December 15, 2000. Papers (rough preliminary drafts are acceptable) must be submitted in PDF format to the email account

The last Summer Camp in Buenos Aires was a success, and we have every reason to believe that the next Winter Camp will not disappoint us. This wintercamp will take place during the Chilean summer. Santiago is a very nice city, especially during the summer. It also has the advantage that it is very close to the main beaches in the central seashore.

Guillermo Calvo
University of Maryland

Vittorio Corbo
Pontificia Universidad Católica