Serafín Frache

Serafín Frache is an Associate Professor in the Department of Economics at the School of Business and Economics, Universidad de Montevideo, holding this position since March 2020 after serving as Assistant Professor from March 2018 to February 2020. His academic appointments include teaching roles at Universidad del CEMA (Argentina), dECON-UDELAR, and Queen Mary University of London, with research focusing on macroeconomics, monetary policy, and applied econometrics in Latin American contexts.

His educational background features a Ph.D. in Economics from Queen Mary University of London (2015), an M.Sc. in Economics from University College London (2009), and a B.A. in Economics from Universidad de la República, Uruguay (2004).

• Ph.D. Economics, Queen Mary University of London (2015)
• M.Sc. Economics, University College London (2009)
• B.A. Economics, Universidad de la República, Uruguay (2004)

Frache's research centers on macroeconomic dynamics with emphasis on inflation expectation formation, household saving behavior, and firm pricing decisions. His work integrates DSGE modeling with empirical analysis of household and firm-level data, particularly examining how economic agents process information in high-inflation environments and respond to monetary policy. Recent studies investigate buffer-stock saving models, belief-dependent pricing mechanisms, and countercyclical prudential tools within estimated DSGE frameworks.

His publication record shows consistent output in top economics journals and central bank publications, with increasing focus on policy-relevant research for Latin America. The 2024 Econometrica paper on inflation learning represents a career milestone, while policy reports for the World Bank demonstrate applied impact. Key thematic threads include expectation formation heterogeneity, monetary policy transmission mechanisms, and DSGE model applications to commodity-exporting economies.

Scientific recognition includes:

• Third Prize, Central Bank Economics and Finance Award, Brazil (2017)
• Chevening Scholarship (2008-2009)
• Japan-Inter-American Development Bank Scholarship
• PhD Fellowship, Queen Mary University of London

Frache has advised eight Master's students at Universidad de Montevideo while serving on thesis committees at UDELAR. His research is supported by SSHRC Canada Insight Grants (2023-2028) as collaborator, building on earlier SSHRC Development Grants (2020-2022). As co-founder of MONT 2 Econ Lab (2020), he leads collaborative research initiatives, and has served on the Scientific Committee for the Central Bank of Uruguay's Economic Annual Meetings since 2014.

He actively contributes to policy development through consultancy roles with the World Bank (Lead Modeler, 2022-2023), Inter-American Development Bank (multiple engagements 2014-2023), and Central Bank of Uruguay (Senior Researcher 2014-2017).