I am an Economist at the Financial Policy Division of the Central Bank of Chile. Prior to joining the Central Bank of Chile, I worked at the Inter-American Development Bank (IDB), the Ministry of Economy of Chile and the Department of Economics at the University of Chile. My research field is macroeconomics, with interests in applied Macroeconomics and International Economics.

I obtained my Ph.D at the Economics Department of the University of Chile.

Contact Information: fbeltran@bcentral.cl

Linkedin profile

Technical Skills: Matlab, Stata, R, Julia, Eviews, Bloomberg, Reuters.

Research

Working papers

• “Good News Travels Fast: Global Demand Shocks, Oil Futures, and Emerging Markets Dynamics” Coauthored with David Coble, Manuel Escobar and Felipe Rojas. Link to paper
• “Global shock spillovers to local firms: The role of bank characteristics” Coauthored with A. Alegría, J. Alfaro, K. Cowan and P. García.

In progress

• “Cross-border banking under stress: The role of uncertainty and policy shocks” Coauthored with J. Alfaro and D. Coble.
• “From calm to contagion: how interconnections amplify risk in the banking sector”.

Publications (peer-reviewed)

• “Global Monetary Policy Surprises and their transmission to Emerging Market Economies: An external VAR analysis”. Emerging Markets Review. Volume 68,, September 2025. Link to paper
• “Monetary Policy Surprises on the Banking Sector: the Role of the Information and Pure Monetary Shocks” Coauthored with David Coble. Latin American Journal of Central Banking. Volume 5, Issue 3, September 2024. Link to paper
• “A preliminary assessment of the economic effects of energy and climate in Chile” with Luigi Durand, Mario González-Frugone, Javier Moreno . Latin American Journal of Central Banking. Volume, August 2024. Link to paper

Policy contributions and notes

• “Analytical Considerations for the Implementation Framework of the Countercyclical Capital Buffer Requirement”. (In Spanish). Financial Stability Report April 2025, Central Bank of Chile. Link to paper
• “Use of Macroeconomic Models in the Central Bank of Chile”. (In Spanish). December 2020, Central Bank of Chile. Link to paper

Referee Service

• 2025, Emerging Markets Review.