Ph.D. Economics, University of Maryland at College Park, Master in Economics, University of Maryland at College Park, 2002.

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1 PERSONAL INFORMATION EDUCATION Name: Diego Saravia Tamayo. Phone: (56) (2) (work) Home: (56) (2) (home). Ph.D. Economics, University of Maryland at College Park, Master in Economics, University of Maryland at College Park, Master en Economía, CEMA (Centro de Estudios de Macroeconomía de Argentina), BS Economics, Universidad Nacional de Córdoba, Córdoba, Argentina, WORK EXPERIENCE Economic Research Manager, Central Bank of Chile, June 2014-Present. Head of Macroeconomic Modeling and Forecasting, Central Bank of Chile, Research Division.2013-June Editor, Revista de Economía Chilena, 2012-Present. Professor of Economics, Universidad de Los Andes, Chile, 2011-Present. Senior Economist. Research Department, Central Bank of Chile Assistant Professor of Economics, Catholic University of Chile, Research Assistant to Professor Guillermo Calvo, University of Maryland Research Assistant to Professor Carmen Reinhart, University of Maryland Summer Intern, Inter-American Development Bank, Research Department, Visiting Economist, International Monetary Fund, Economist and Advisor to the Board, Central Bank of Argentina, March 1997 June Auditor, National Institute of Reinsurance, Argentina, April 1995 March FIELDS OF SPECIALIZATION International Finance, Macroeconomics.

2 Diego Saravia-Page 2 PAPERS Catalyzing Capital Flows: Do IMF-Supported Programs Work as Commitment Devices? (con Ashoka Mody), The Economic Journal (2006). Sovereign Defaulters: Do International Capital Markets Punish Them? (con Miguel Fuentes), Journal of Development Economics (2010). On the Role and Effects of IMF Seniority, Journal International Money and Finance (2010). Monetary Policy under Financial Turbulence: An Overview (con Luis Felipe Céspedes y Roberto Chang), en Monetary Policy under Financial Turbulence. Céspedes, Chang y Saravia, Editores (2010). Sovereign Defaults and Capital Flows (con Miguel Fuentes), en Sovereign Debt: From Safety to Default. Robert Kolb, Editor. John Wiley & Sons, Inc. (2011). Sobre el Nivel de Reservas Internacionales en Chile: Análisis a través de enfoques complementarios, (con G. Contreras, A. Jara y E. Olaberría), Revista de Economía Chilena (2012). Optimal Taxation with Heterogeneous Firms (con Rodrigo Cerda). Journal of Macroeconomics (2013) Speed of IMF Response (con Ashoka Mody). International Finance (2013), Vol. 16, Issue 2. Vulnerability, Crisis and Debt Maturity: Do IMF bailouts reduce the length of borrowing? International Finance (2013), Vol. 16, Issue 3. Crises, Liquidity and Leverage (con Miguel Fuentes). In Capital Mobility and Monetary Policy. Miguel Fuentes and Carmen Reinhart editors. Effects of Unconventional Monetary Policies: The case of Chile (with Javier García-Cicco y Luis Felipe Céspedes). Revista de Economía Chilena (2013). Bond Markets in Latin America: On the verge of a Big BANG? (editado por Borenzstein et al., MIT Press 2008). Revista de Economía Chilena, (2009). The Skill Content and Skill Bias of International Trade. (con Nico Voigtlaender). Corporate Tax, Firm Destruction and Business Investment: Evidence from Chilean Plants DTBC 521, (2009) Valorización de Fondos Mutuos Monetarios y su Impacto sobre la Estabilidad Financiera, (con N. Alvarez y L. Ahumada). DTBC 622, Abril The Fiscal and Monetary History of Chile (with R. Caputo), The Monetary and Fiscal History of Latin America T. Kehoe, Nicolini and Sargent, eds. In process.

3 BOOKS EDITED Monetary Policy Under Financial Turbulence. Luis Felipe Céspedes, Roberto Chang and Diego Saravia Eds. Central Bank of Chile (2010). "Global Liquidity, Spillovers to Emerging Markets and Policy Responses". Claudio Raddatz, Diego Saravia and Jaume Ventura Eds. Central Bank of Chile (2015). Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World. Elias Albagli, Diego Saravia and Michael Woodford Eds. In process. RESEARCH GRANTS. Dipuc 2005 (Project Nº ) Fondecyt (2006) On the Costs and Determinants of Sovereign Default and on the Optimal Priority Structure of Sovereign Debt (Project Nº ) Fondecyt (2007) Optimal Capital Income Taxation Under Firm Heterogeneity (Project Nº ). CONFERENCES ORGANIZED. Monetary Policy Under Financial Turbulence, (2010), with Luis Felipe Céspedes and Roberto Chang. Financial Markets and Monetary Policy, (2010), Central Bank of Chile. Global Liquidity, Spillovers to Emerging Markets and Policy Responses, (2013) with Claudio Raddatz y Jaume Ventura. Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, (2015), with Elías Albagli and Michael Woodford PRESENTATIONS IN CONFERENCES AND SEMINARS. 2003: Inter American Development Bank, University of Maryland, International Monetary Fund, LACEA. 2004: Bank of England, Columbia University, LACEA, Latin American Meetings of the Econometric Society, University of Guelph, UC Riverside, Universidad Católica de Chile.

4 Diego Saravia-Page : LACEA, Sociedad de Economistas de Chile. 2006: Central Bank of Chile, Universidad de Chile, Universidad Alberto Hurtado. 2007: LACEA, Universidad Católica de Chile, North American Meetings of the Econometric Society, Meetings of the European Economic Association. 2008: Meetings of the European Economic Association, European Meetings of the Economtetric Society, Sociedad Economistas de Chile. 2009: Universidad de Chile, Universidad Alberto Hurtado. 2010: Political Economy of Internacional Organizations, Annual Conference, Georgetown University. 2011: Central Bank of Chile s Annual Conference, Workshop on Emerging Markets (European Central Bank), Workshop on Monetary Policy in East Asia (Bundesbank), LACEA 2012: Banca d Italia, LACEA 2013: American Economic Association Meetings, San Diego, California, EEA Meetings Gothenburg, Sweeden, PUC, Universidad Alberto Hurtado. 2014: University of Chicago, LACEA, Central Bank of Chile. 2015: European Central Bank, University of Barcelona, Central Bank of Chile OTHER PROFESSIONAL ACTIVITIES. Referee for: Journal of Development Economics, Economic Journal, Economics and Politics, Journal of International Economics, Review of Economic Studies, Review of International Economics, Cuadernos de Economía, Revista de Economía Chilena, Evaluación de Proyectos Fondecyt. Miembro del Comité Evaluador de Becas Chile. Member of the Econometric Society, the American Economic Association, the Latin American and Caribbean Economic Association and the Royal Economic Association. CONSULTING Consultant to International Organizations and firms in the banking sector.

5 PRESS Several articles and interviews analyzing economic issues in El Mercurio (Chile), La Segunda (Chile), La Tercera (Chile) and El Tribuno (Argentina). OTHER PERSONAL INFORMATION Argentinean with permanent residence in Chile. REFERENCES. Guillermo Calvo, Professor, Columbia University Carmen Reinhart, Professor, Harvard University Rodrigo Vergara, Governor, Central Bank of Chile.

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