Assistant Professor of Economics
University of Texas at Dallas
Email 1 : camilo.granados@utdallas.edu
Email 2 : cagranados8@gmail.com
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Email 1: cagranados8@gmail.com
Email 2: camilo.granados@utdallas.edu
University of Washington, Seattle, WA, USA.
Ph.D. in Economics (2021)
M.A. in Economics (2017)
Universidad Nacional de Colombia, Bogotá, Colombia
M.S. in Economics (2015)
Graduate Diploma in Statistics (2012)
B.S. in Economics (2010)
International Macroeconomics, International Finance, Macroeconomics, Applied Econometrics
“Strategic Macroprudential Policymaking: When Does Cooperation Pay Off?" [Paper (10/2021)] / [Slides (30 min)] / [Video (until 21:48)]
I study whether emerging economies can navigate the global financial cycle more successfully by resorting to internationally coordinated macroprudential policies. For this, I set an open economy model with banking frictions in a center-periphery environment with multiple emerging economies. Then, I evaluate the performance of several policy arrangements that differ by the degree and type of cooperation. I find that cooperation can generate welfare gains but is not always beneficial relative to nationally-oriented policies. Instead, only regimes where the financial center acts cooperatively generate welfare gains. When present, two mechanisms generate the gains: a cancellation effect of national incentives to manipulate the global interest rate and a motive for steering capital flows to emerging economies. The first mechanism eliminates unnecessary policy fluctuations and the second helps prevent capital retrenchments in the center. These effects can be quantitatively relevant as good cooperation regimes can reduce the welfare losses induced by a financial friction between 60% and 80%.
“Macroprudential Policy Interactions: What has Changed Since the Global Financial Crisis?” [link]
“Macroprudential Policy Coordination in Open Economies: A Multicountry Approach” [link]
“Prices Stability and Macroeconomic Volatility Spillovers in Latin America” [Link]
“Enhancing Economic Resiliency Through Prudential Cooperation” [Link]
“Exchange Rate Dynamics and the Central Bank’s Balance Sheet” (with Guillermo Gallacher and Jannelle Mann)
“Financial Regulation and Income Inequality” (with Jasmine Jiang)
University of Washington, Seattle, WA
Independent Instructor
Teaching Assistant
Universidad Nacional de Colombia, Bogotá.
Teaching Assistant
CESA: Colegio Superior de Estudios en Administración, Bogotá.
Independent Instructor
The University of Texas at Dallas, Richardson, TX, USA. August 2022 - Present
Assistant Professor of Economics
Banco de la República (Central Bank of Colombia) July 2009–June 2022
Junior Researcher, Dept. of Macroeconomic Modeling, July 2021 – Present
Economist (on study leave for Ph.D. studies), August 2015–June 2021
Economist, Department of Inflation, September 2012–July 2021
Junior Economist, Department of Inflation, June 2010–September 2012
Research Assistant, Econometrics Unit, July 2009–May 2010
University of Washington, Seattle, WA, USA. Sept 2016–June 2021
Graduate teaching assistant and instructor
UW - Economics, Dissertation Fellowship (declined), 2020
Grover and Greta Ensley Fellowship in Economic Policy - UW, 2019
Corkery Fellowship, UW, 2015-16, 2019.
Lauchlin Currie Scholarship - Central Bank of Colombia, 2015-19.
Scholarship for outstanding students - U. Nacional, Colombia, 2014
Award for outstanding performance - Central Bank of Colombia, 2014.
Automatic Admission to graduate studies, U. Nacional, 2011.
Awarded upon graduating within the best 5% of the bachelor cohort (ranking: 3/105)
2021: University of Washington, European Economic Association (EEA-ESEM), LACEA-LAMES (Econometric Society), University of Surrey, University of Manitoba (scheduled)
2020: Washington University in St. Louis - Economics Graduate Student Conference, University of Washington (seminar brownbag), Central Bank of Colombia
2019: University of Washington (seminar brownbag)
American Economic Association, Econometric Society, Western Economic Association International
Conference Secretary. 6th International Macroeconomics and Finance Conference (Keio U, CEPR). 2021
Workshop organizer. UW Summer brownbag in Macroeconomics and International Finance. Summer 2020.
Organization team member. West Coast Meetings in International Finance (University of Washington). 2019
R, Matlab, Stata, Eviews, Mathematica
English (Fluent), Spanish (Native), Portuguese (Advanced)
Updated: October 2021