PABLO HERNÁN MENDIETA OSSIO
Academic background:
Master of Arts in Applied Economics, Catholic University of Chile, magnacum laude. Obtained
with the Award to academic excellence (2000).
Applied Macroeconomics Specialist Diploma from the Inter-American Program of Applied
Macroeconomics, summa cum laude (2000).
Economist, Universidad Autónoma Tomás Frías de Potosí (1998).Professional experience:
Central Bank of Bolivia (BCB):
o Deputy Manager of Economic Research at the Main Advisor Office of Economic Policy
of BCB between April of 2010 and December of 2012.
o Chief of Specialized Economic Research at the Main Advisor Office of Economic Policy
of BCB between February of 2007 and March of 2010.
o Monetary Policy Analyst at the Main Advisor Office of Economic Policy of BCB
between August of 2004 and January of 2007.
I was involved in the design and implementation of the following policies: i) inflation stabilization
during the years 2007-2008 and 210-2011; ii) de-dollarization of the Bolivian economy; iii) financial
and regulatory policies; iii) measures to cope with the international crisis of 2008-2009; iv) building
and implementation of applied economic and econometric models with policy emphasis in monetary,
real, exchange-rate and financial focuses.
I published and presented my papers about economic policy inside and outside Bolivia, including the
Network of Latin American central banks researchers, Chilean Society of Economics, Uruguayan
Monetary Meetings. I was in charge of the Journal of the BCB (Revista de Análisis) and other
institutional documents (Monetary Policy Report, Inflation Report and Annual Report). I also was in
charge of the academic organization of the annual Monetary Meetings of BCB and the Bolivian
Economist Meeting.
Catholic University of Chile:
o Associated Researcher at Felipe Larrain Associates between April of 2001 and January
I worked and collaborated in applied research for different countries (Chile, El Salvador, Guatemala
and Bolivia). I was involved in research about growth, development and competitiveness in Latin
America, Exchange rate policy in emerging markets, fiscal policy in Latin America, foreign direct
investment, among others. I collaborated strongly in the 2nd Edition of the well-known textbook
Macroeconomic in the Global Economy of Felipe Larraín (actual Minister of Finance of Chile) and
Jeffrey Sachs (Director of Earth Institute at Columbia University).
Additional training:
Technical skills:
o Applied Bayesian econometrics for central bankers at Centre of Central Bank Studies (London, England, 2012).
o Estimation, solution and policy analysis using equilibrium monetary models, with Lawrence Christiano (Latin American Monetary Studies Center, Lima, Peru, 2010).
o Estimation of Dynamic Stochastic General Equilibrium (DSGE) Models using Bayesian Techniques, with Fabio Canova (Latin American Monetary Studies Center, Lima, Peru, 2010).
o Dynamic Stochastic General Equilibrium Models, with Romulo Chumacero (Central Bank of Bolivia, 2008).
o Inflation Targeting Implementation: Practical and operative issues at the International Monetary Fund Institute (Brasilia, 2007).
o X12-ARIMA (seasonal analysis), with Deustche Bundesbank trainers provided by the Latin American Monetary Studies Center (México D.F., 2006).
Executive skills:
o Training for trainers (2010).
o Organizational culture and environment for executive officers (2009).
o Integration, communication and teamwork (2009).
o Writing skills (2008).
LETTER OF RECOMMENDATION OF THE MINISTER OF FINANCE OF CHILE
(TRANSLATION INTO ENGLISH)
RECOMMENDATION
Mr. Pablo Mendieta Ossio, MA in Economics at the Catholic University of Chile, worked with me during three and a half years in several areas of economics, as Research Associate in my consultancy firm.
The fields in which we worked were related to economic growth and development, advisory in macroeconomic issues and fiscal policy to Latin American countries, short-term analysis of the current development of the Chilean and international economy, besides other concerns belonging to applied economics.
Pablo Mendieta had an excellent performance in macroeconomics, macro-econometrics and time series econometrics. I have been also aware of its excellent attitude to work, his great responsibility and his impressive human qualities of personal integrity.
I regret that familiar reasons induced him to leave Chile. Otherwise, I would be glad to continue working with him in my academic work, advisories and consultancies.
Given the previous background, I strongly recommend him.
Mr. Felipe Larraín B.
President of Felipe Larraín Associates
LETTER OF RECOMMENDATION OF THE
FORMER PRESIDENT OF CENTRAL BANK OF BOLIVIA (TRANSLATION INTO ENGLISH)
To whom may it concern.
Mr. Pablo Mendieta has requested to me this letter of recommendation. I have known Mr. Mendieta since 2004. I knew for the first time when he came to work in the Main Advisory Office of Economic Policy [APEC] of the Central Bank of Bolivia [BCB], when I was President of this institution. He arrived to the BCB with excellent reputation due the good work done in Chile.
I could be aware almost immediately the great professional proficiency of Mr. Mendieta. His knowledge of monetary theory and policy were really outstanding. He undertook very soon the intellectual leadership in APEC, with a great influence in the reports [to the authorities] of his area [in the BCB]. I also had the chance to share with him in technical meetings of the committees [at the BCB], where his good criteria was evident. Besides his remarkable intellectual abilities and knowledge, Mr. Mendieta had an aptitude to motivate and lead his teammates. He was subject of respect and admiration of his supervisors as his colleagues.
When I let the BCB in March of 2006, sometimes I was in touch with Mr. Mendieta in the academic extent. He was my colleague at the Catholic University of Bolivia and we departed in some dissertation boards [of undergraduate theses]. I was also aware of his research after I left the BCB in national and international events. His speeches proved his strong reasoning and scholarship. It must be noted that academic interest of Mr. Mendieta are beyond monetary economics. He has an amazing and wider vision of all areas of the economic science and an extraordinary comprehension of the Bolivian economy.
He is, without hesitation, a well-qualified professional. He has several published papers and everyone that is acquainted of his work do not be unwilling to preconize him. Besides his intellectual and scholar abilities, Mr. Mendieta has a balanced personality; he is able to do an excellent work, either independently or with a team. His leadership is quite notorious.
I am convinced that Mr. Mendieta will have a great performance in a financial institution that could hire him as well in academic institutions. He is among the best professionals of his generation, and he could be the best among them.
I will be grateful for the attention provided to his resume and his professional service proposals.
Mr. Juan Antonio Morales
LETTER OF RECOMMENDATION OF THE
CHIEF ECONOMIST AT THE CENTRAL BANK OF BOLIVIA (TRANSLATION INTO ENGLISH)
Mr. Pablo Mendieta Ossio worked in the Main Advisory Office of Economic Policy (APEC) of the Central Bank of Bolivia (BCB) between August of 2004 and December of 2012. During those years he was under my close supervision when he worked as Monetary Policy Analyst (2004-2007), Chief of Economic Research Department (2007-2010) and Deputy Manager of Economic Research (2010-2012).
His main duties were related to the accomplishment and/or supervision of research and specialized analysis in economic issues of interest of the BCB, in specific tasks in charge of APEC, concerning policy advice to the main Board, principal Authorities and Committees of the BCB in order to contribute to the adoption of measures and policies associated with the main purposes of this institution.
Jointly with the whole team of APEC, Mr. Mendieta has been an active and outstanding participant in main policy advices within the scope of the BCB, in the elaboration of research documents and in economic and econometric modeling for analysis and forecast purposes. He also cooperated in numerous publications of APEC (BCB Annual Report, Monetary Policy Reports, Inflation Reports and massive scale booklets), and he was a representative of the BCB in numerous international and national events, especially those regarding the dissemination of Central Bank policies, where he showed a remarkable quality in his speeches. Likewise, he collaborated in the organization of many institutional events (Annual Monetary Summits, Annual Meetings of Bolivian Economist, among others).
During the implementation of the previously mentioned tasks, Mr. Mendieta has applied his knowledge to the needs of the office in a continuous basis; besides he was permanently interested in to improve it through training. Concerning his performance in supervision and management tasks, he was focused in leading his colleagues and forming team works for the achievement of diverse tasks. I emphasize his creativity, his sense of responsibility, his efficiency and his personal and human integrity. I regret that he left the team of APEC due personal reasons.
In that sense, I consider that he could give an important support as economist wherever he will carry his duties. Then, I strongly recommend him.
Mr. Raúl Mendoza Patiño
FORMER ASSOCIATE TO FELIPE LARRAIN (TRANSLATION INTO ENGLISH)
RECOMMENDATION
Mr. Pablo Mendieta, an economist with graduate studies at the Catholic University of Chile, worked with me in several times during his stay in Chile, in diverse tasks and the scope of applied economics for many clients [of my firm].
In his duties, Mr. Mendieta showed his intelligence and creativity, with an excellent background in economics and econometrics, when he was hard-working, accountable and highly enthusiast. Many times we had the chance to appreciate of his professional performance in a number of economic fields – macroeconomics, macro-econometrics, micro-econometrics, among others- where we were aware of his ability [in the development of his tasks] and his previous formation [in economics] as the permanent disposition to apply the state of arts, with proper performance and creativity to cope many issues.
We do not have doubts that in the case of not leaving Chile, Mr. Mendieta would have an excellent professional career as an applied economist, because he has a better level than the average of Chilean economist with MA.
We recommend him with great enthusiasm.
P A B L O H E R N Á N M E N D I E T A O S S I O
PERSONAL INFORMATION
Date and place of birth: Potosí (Bolivia), December, 21th of 1970 Nationality and visas: Bolivian and permanent visa in Chile Passport: 3374505 (issued in Bolivia)
Marital status: Married (three children)
EDUCATION
2006 Faculty of Education
Universidad Mayor de San Andrés La Paz - Bolivia
Diploma in Tertiary Education
2000 Inter-American Program of Applied Macroeconomics Faculty of Economics - Catholic University of Chile Santiago - Chile
Applied Macroeconomics Specialist
(Summa cum laude)
1998 – 2000 Graduate Studies in Economics
Faculty of Economics - Catholic University of Chile Santiago - Chile
MA of Applied Economics
(Awarded with the Excellence recognition, magna cum laude)
1990 – 1995 Faculty of Economics
Universidad Autónoma “Tomás Frías” Potosí - Bolivia
2010 - 2012 Central Bank of Bolivia
Main Advisor Office of Economic Policy La Paz - Bolivia
Deputy Manager of Economic Research
Brief description: Supervision, development and/or presentation of economic research and analysis global and sectorial, for the Board, Committees and Authorities of the Central Bank of Bolivia, in order to contribute to the adoption of measures and policies related to the main functions of the institution, to create knowledge and with the purpose that the authorities of the BCB can make recommendations to the Executive Branch on economic policies.
2007 - 2010 Central Bank of Bolivia
Main Advisor Office of Economic Policy La Paz - Bolivia
Chief of Specialized Economic Research
Brief description: Coordination and/or development of economic research and analysis on issues of interest of the Central Bank of Bolivia, in order to contribute to the adoption of measures and policies related to the main functions of the institution.
2004 - 2006 Central Bank of Bolivia
Main Advisor Office of Economic Policy La Paz - Bolivia
Monetary Policy Analyst
Brief description: Development of economic research and analysis on issues of interest of the Central Bank of Bolivia, to contribute to the adoption of measures and policies related to the main functions of the institution by the Board and Officers of the Central Bank.
2001-2004 Felipe Larraín and Associates
Santiago de Chile- Chile Research Associate
Brief description: Development and collaboration in applied research in several countries (Chile, El Salvador, Guatemala and Bolivia). I was involved in research on growth, development and competitiveness in Latin America, emerging market exchange rate policy, fiscal policy in Latin America, foreign direct investment, among others. I collaborated extensively in the 2nd edition of the book Macroeconomics in the Global Economy by Felipe Larrain (current Minister of Finance of Chile) and Jeffrey Sachs (Director of the Earth Institute at Columbia University).
2000 - 2001 Catholic University of Chile
SELECTED PUBLICATIONS
(2011) “The renaissance of Friedman hypothesis: nature of global financial crisis and consequences in a small open and highly dollarized economy”.
Revista de Análisis, Central Bank of Bolivia.
(2011) “¿Éxito o fracaso de metas explícitas de inflación?: Analizando la respuesta al repunte inflacionario de 2007-2008” (jointly with Dennise Martin). Revista de Análisis, Central Bank of Bolivia
(2009) “La Inflación está de vuelta en Sudamérica?. Choques exógenos, expectativas y credibilidad de la política monetaria” (jointly with Sergio Cerezo and Javier Cossío) MONETARIA, Journal of the Latin American Monetary Studies Center (Mexico) and Revista de Análisis, Central Bank of Bolivia.
(2008) “La Inflación y Políticas del Banco Central de Bolivia” (jointly with the staff of the Central Bank of Bolivia). Revista de Análisis, Central Bank of Bolivia.
(2007) “Interacción de la Política Monetaria con la Política Fiscal” (jointly with Hugo Rodríguez). Revista de Análisis, Central Bank of Bolivia.
(2006) “Inflación y Depreciación en una Economía Dolarizada: El Caso de Bolivia” (con Fernando Escobar). MONETARIA, Journal of the Latin American Monetary Studies Center (Mexico), Revista del FLAR, Journal of the Latin American Reserves Fund and Revista de Análisis, Central Bank of Bolivia.
Referee of Latin American Journal of Economics (Catholic Univesity of Chile)
and Revista de Análisis (Central Bank of Bolivia).
RESEARCH AND CONSULTANCY PROJECTS
(2012) “Mundell once again? The choice of instruments in a small economy without capital mobility”. Presented in the XVII Meeting of the Network of Latin American Central Banks Researchers held in Montevideo (Uruguay, November of 2012) and the 5th Meeting of Bolivian Economists held in Santa Cruz - Bolivia (August of 2012).
crisis and consequences in a small open and highly dollarized economy”. Presented in the Monetary Meeting of the Central Bank of Uruguay held in Montevideo-Uruguay (October of 2010), in the XIV Meeting of the Network of Latin American Central Banks Researchers held in Salvador – Bahía (November of 2009), in the 2009 Meeting of the Chilean Economic Society held in Antofagasta-Chile (October of 2009) and in the 2nd Meeting of Bolivian Economists held in La Paz (September of 2009).
(2008) “Inflation return in Latin America? Exogenous shocks, expectations and monetary policy credibility” (in Spanish; jointly with Sergio Cerezo and Javier Cossio). Presented in the XIII Meeting of the Network of Latin American Central Banks Researchers held in México (November of 2009) and in the 1st Meeting of Bolivian Economists held in La Paz – Bolivia (August of 2008).
(2008) “A New-Keynesian Phillips Curve for the Bolivian Economy” (in Spanish; jointly with Hugo Rodríguez). Presented in the 1st Conference on Economic Models held in Buenos Aires - Argentina (July of 2007) and in the 1st Meeting of Bolivian Economists held in La Paz – Bolivia (August of 2008).
(2007) “In search of the Bolivian Economic Growth” (in Spanish; jointly with Dennise Martin). Presented in the 1st Bolivian Conference of Economic Development held in La Paz – Bolivia (November of 2009) and in the 1st Meeting of Bolivian Economists held in La Paz – Bolivia (August of 2008).
(2008) Participation in the Joint Research Project about Dynamic Stochastic Equilibrium Models, under the sponsorship of the Latin American Monetary Studies Center(CEMLA) (June of 2008).
(2007) Participation in the Joint Research Project about Non observable variables: Equilibrium real Exchange rate, under the sponsorship of the Latin American Monetary Studies Center(CEMLA) (June of 2007).
(2006) “A structural model for the Bolivian economy” (in Spanish). Presented in the XI Meeting of the Network of Latin American Central Banks Researchers held in Buenos Aires (November of 2006).
(2005) “Inflation and Depreciation in a dollarized economy: The Bolivian Case” (jointly with Fernando Escobar). Presented in the XI Meeting of the Network of Latin American Central Banks Researchers held in Lima – Perú (November of 2005).
(2004) “Chilean Economic Growth: How to grow at 7%” (in Spanish). Document prepared for the Bicentennial Workshops of Chile.
(2001-2004) “How to attract Foreign Direct Investment?” (in Spanish). Directed by Felipe Larraín and Gerardo Esquivel. Research for the Andean Corporation of Foment (Development Bank of Latin America) and the Center for International Development at Harvard University (2001) and the Chilean Fund of Science Development and Technology or FONDECYT (2003-2004).
(2003) “Economic growth in Guatemala” (in Spanish). Directed by Felipe Larraín. Project financed by the Inter-American Development Bank for the Guatemalan government.
(2003) “Fiscal sustainability in Bolivia and Bolivian Strategy for Poverty reduction” (in Spanish). Directed by Felipe Larraín. Project for the Bolivian government.
(2002-2003) “El Salvador: How to grow more?” (in Spanish). Directed by Felipe Larraín. Project financed by the Inter-American Development Bank for the El Salvador government.
(2002-2003) Academic edition of the textbook MACROECONOMÍA PARA TODOS of Felipe Larraín. Pearson Ed.
(2002) “Latin American Competitiveness Report”. Directed by Felipe Larraín for the Global Competitiveness Report 2003 of the World Economic Forum.
(2001-2002) “Structure, Policy and Institutions: A Latin American View of the Development” (in Spanish). Directed by Felipe Larraín. Prepared for the Economic Committee for Latin American and the Caribbean (ECLAC) in the centennial of the birth of Raul Prebisch.
(2001-2002) Academic edition of the textbook MACROECONOMÍA EN LA
ECONOMÍA GLOBAL. 2ª Ed. Directed by Felipe Larraín and Jeffrey Sachs. Pearson Ed.
(2001) “How Should Emerging Economies Float Their Currencies”. Directed by Felipe Larraín and Andrés Velasco for the Journal of Economic
“Applied Bayesian Methods for Central Banks”, Centre for Central Banking Studies, October of 2012, London (England).
“General Equilibrium Models” (in Spanish), Central Bank of Bolivia, August of 2010, La Paz.
“Methods for DSGE models: estimation, evaluation and economic analyses”, with Lawrence Christiano, sponsored by Latin American Monetary Studies Center(CEMLA), June of 2010, Lima (Peru).
“Estimation of Dynamic Stochastic General Equilibrium (DSGE) Models using Bayesian Techniques”, with Fabio Canova, sponsored by the Latin American Monetary Studies Center (CEMLA), June of 2008, Lima (Peru). “Dynamic Stochastic General Equilibrium Models”, with Romulo Chumacero, sponsored by the Central Bank of Bolivia (August of 2008). “Inflation Targeting Implementation: Practical and operative issues”, sponsored by the International Monetary Fund Institute, February of 2007, Brazilia (Brazil).
“X12-ARIMA” (seasonal analysis), with Deustche Bundesbank trainers, sponsored by the Latin American Monetary Studies Center (CEMLA), October of 2006, Mexico D.F. (Mexico).
“Financial Programming”, sponsored by the International Monetary Fund Institute, March of 2006, Brazilia (Brazil).
“Consumer Price Indices”, sponsored by the National Institute of Statistics of Spain, April of 2005, Santa Cruz de la Sierra (Bolivia).
He also attended the following courses (in Spanish), in the framework of internal training program of the Central Bank of Bolivia: “Training for trainers” (April of 2010), “Organizational culture and environment for executive officers” (October of 2009), “Distress management” (July of 2009), “Integration, communication and teamwork” (May of 2009), “Writing skills” (December of 2008), and “Executive officers skills program” (March of 2008).
Advanced knowledge of E-Views, Matlab and Gauss. Intermediate knowledge of Statistica, Mathematica, SPSS and Frontier.
REFERENCES
Felipe Larraín Bascuñán. Minister of Finance of the Republic of Chile
flarrainb@hacienda.gov.cl
Juan Antonio Morales. Former President of the Central Bank of Bolivia.
jamorale@acelerate.com
Raúl Mendoza Patiño. Chief Economist of the Central Bank of Bolivia.
rsmendoza@bcb.gob.bo
Juan Eduardo Coeymans. Director of Chilean National Institute of Statistics
coeymans@ine.cl
AWARDS AND RECOGNITIONS
His work at the Central Bank of Bolivia was recognized with the title of “Excellence” according the annual evaluation program.
Besides, he was acknowledged by his participation in the organization of the XV Meeting of the Network of Latin American Central Banks Researchers held in La Paz (November of 2010), organization of several Bolivian Economists Meetings and Annual Monetary Meetings at the Central Bank of Bolivia.
In November of 2000, he was awarded for his Academic Excellence during his studies in the Graduate Program of the Catholic University of Chile. In 1991 he was acknowledged by his outstanding record in the undergraduate studies at the Faculty of Economics in the Universidad Autónoma “Tomás Frías”.
CONTACT
E-mail: pmendiet@gmail.com
Website: https://sites.google.com/site/pmendiet/ Linkedin: http://t.co/fTlpZE4L
Facebook: facebook.com/pablo.mendieta.ossio Twitter: @pmendiet
