Americas Office research networks

BIS Consultative Council for the Americas (CCA) research networks are collaborative associations of BIS economists, central bank members and academic advisers who jointly research themes of interest to regional central banks. These networks are instrumental in promoting an open dialogue on key monetary and financial issues in the Americas. 

Research network topics

Research network projects are extensive, tackling one primary topic at a time and typically taking between one and two years to complete.

Currently, members are collaborating in the CCA research network on macrofinancial implications of climate change and environmental degradation, chaired by Elías Albagli (Central Bank of Chile).

2022-24

Macrofinancial impact of climate change and environmental degradation

This research network aims to support central banks in developing their research capacity around the macrofinancial impact of climate change and environmental degradation. More...

2019-22

Monetary policy frameworks and communication

The network is part of a wider effort by the BIS to boost research on monetary policy frameworks. This research network investigates how monetary policy communication impacts financial markets, including expectations of future inflation and interest rates. It also reassesses the importance of the monetary policy transmission mechanism. More...

2017-19

Exchange rates: key drivers and effects on inflation and trade

This research network started in February 2017. It focuses on the key determinants of exchange rate fluctuations and their impact on prices and trade volumes, with a particular focus on disaggregated data. More...

2015-16

The commodity cycle: macroeconomic and financial stability implications

This research network focused on: (i) the interaction between the commodity cycle and the real cycle; and (ii) the financial aspects of the commodity cycle. More...

2013-15

Incorporating financial stability considerations into central bank policy models

The research network focused on the inclusion of financial stability considerations, as well as macroprudential instruments into central bank models. The network led to substantial cooperation between central bank modelling teams in the region. More...

2012-14

The effects of foreign exchange market operations in Latin America

The research network focused on studying the behaviour of foreign exchange markets and the characteristics and effects of foreign exchange market operations at a relatively high (daily or higher) frequency, using traditional analyses of foreign exchange market intervention and fundamentals, as well as the so-called microstructure approach. More...