José De Gregorio

Economics Professor, University of Chile
Non-resident Senior Fellow, Peterson Institute of International Economics
Former President, Central Bank of Chile

An expert in central banking, international economies,
and Latin America.

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Biography

José De Gregorio is Full Professor at the Department of Economics of the Universidad de Chile since December 2011. He is also Non-resident Senior Fellow at the Peterson Institute of International Economics. He was Governor of the Central Bank of Chile from 2007 until 2011. Previously, he was Vice-Governor from 2003, and member of the Bank's Board from 2001. During 2000 and 2001, Mr. De Gregorio was Minister of the combined portfolios of Economy, Mining and Energy.

During his professional life has received a number of honours and awards, such as “Central Banker of the Year in Latin America for 2008,” awarded by The Banker. He also was named “Distinguished Industrial Engineer of 2007” by the Industrial Engineering-Universidad de Chile Alumni Association, and “Economist of the year” by the newspaper El Mercurio, among others.

Between 1997 and 2000 he was professor and head of post-graduate programs at the Center of Applied Economics at the University of Chile, where he taught macroeconomics and international economics since 1994. He also served on the executive of the Latin American Doctoral Program in Economics, carried out jointly by Mexico’s ITAM, Torcuato di Tella University, Argentina, and the University of Chile. From 1994 to 1997, he was Coordinator of Economic Policy at the Ministry of Finance, Chile. From 1990 to 1994 he worked as an economist in the research department of the International Monetary Fund.

He has worked as a consultant for international organisations, and foreign and domestic companies. He is currently member of the board and advisory committees of some private companies. He has been visiting scholar at the IMF and the World Bank, and visiting professor at the Anderson School, UCLA.

He has a degree in civil engineering and a master’s degree in engineering from the University of Chile (1984), where he received the Marcos Orrego Puelma award for the best graduate for his year. He obtained his Ph.D. in Economics in 1990 at the Massachusetts Institute of Technology (MIT).

De Gregorio has published two books and more than 100 articles in international academic reviews and books on issues including monetary policy, exchange rates, international finance and economic growth. He has served as a referee and member of editorial boards for several academic journals. He is also a member of the Executive Committee of the Latin American and Caribbean Economic Association (Lacea) and was co-chairman of the organising committee for the annual LACEA meeting in 1999.

Books

How Latin America Weathered the Global Financial Crisis

José De Gregorio

The global financial and economic turmoil of 2008-09 plunged Europe and the United States into their worst economic downturns in 75 years. Many experts feared that developing regions like Latin America, which had experienced many of their own crises in recent decades, would be even worse affected. Instead, Latin America suffered only limited damage. Indeed the region s GDP is 20 percent higher than its pre-crisis level. José De Gregorio, governor of the Central Bank of Chile from 2007 to 2011, explains Latin America s success with a perspective that only an insider can have. This book focuses mainly on the seven largest economies of Latin America Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela which together account for more than 90 percent of regional output. The author argues that strong performance during the crisis resulted from the sound macroeconomic and financial policies that these countries followed beforehand. Their accomplishments allowed them to undertake significant monetary and fiscal expansion in the context of robust financial systems. De Gregorio acknowledges that there was also an element of luck in terms of improved terms of trade. This is a candid, searching, and dramatic case study of crisis preparation and crisis management.

Institute for International Economics,U.S. (14 Jan 2014)

Topics

José tailors each presentation to the needs of his audience and is not limited to the topics we have listed below. These are subjects that have proven valuable to customers in the past and are meant only to suggest his range and interests. Please ask us about any subject that interests you; we are sure that we can accommodate you.

Latin American Economies

The Global Economy

Videos

How Latin America Weathered the Global Financial Crisis | PIIE

Crisis: Yesterday and Today | IMF

How Did Latin America Avoid the Global Financial Crisis?