Donations

Why should you donate to the Institute of International Monetary Research?

“Macroeconomic instability is a curse on a society.” That was the first sentence in an application, made to the Charity Commission in 2013, to create the Institute of International Monetary Research.

The Institute’s purposes were seen as “contributing to education, advancing knowledge and promoting research” in the field of monetary economics. This was “expected to be of considerable public benefit both to the UK and in other countries”.  All being well, research at the Institute of International Monetary Research would enhance knowledge of the causes of macroeconomic instability, and identify and discuss potential cures for it. The damage to jobs and household finances in the Great Recession – which in 2013 was still quite recent – showed the importance of the Institute’s agenda.

The Institute’s founder – Professor Tim Congdon CBE – received approval from the Charity Commission for the establishment of the Institute as a charitable incorporated organisation on 7 January 2014.

So 2024 was the year of its 10th anniversary. In its first decade, the Institute developed and promoted a way of analysing economies, in which the behaviour of the quantity of money – broadly-defined – was viewed as basic to the determination of nominal national income and inflation. As broadly-defined money is dominated by banks’ deposits, and therefore grows or contracts with bank balance sheets as a whole, the Institute’s approach puts banking systems at the front and centre of macroeconomic analysis. In this respect, its work was – and remains – unique.  

A dramatic vindication of the Institute’s approach, and full justification for its founding, came in the early 2020s. In spring 2020, governments and central banks engineered large increases in broad money, a by-product of their decisions to mitigate the economic damage from Covid-19. The Institute immediately warned that the result of excessive money growth would be a burst of higher inflation. By contrast, virtually the entire economics profession was concerned that Covid-19 would lead to several years of disinflation or even deflation. Within 18 months it was clear that the Institute was right, while most economists – including a number of Nobel laureates – were wrong. The year 2022 saw the highest inflation in most developed economies for over 40 years.

The Institute is enormously grateful to the donors who have helped its work since it was set up. Below is a list of the kind of work in which the Institute is engaged. We hope you feel that the Institute’s contribution to the public debate, mostly in the UK, but also to some extent around the world, has been positive and worthwhile. We look forward to keeping in touch, and to seeing you at one of the Institute’s future events. 

How we use your donations

The Institute of International Monetary Research is an educational charity. It is associated with the University of Buckingham, which is also an educational charity and receives no money from the state.

The Institute therefore depends on donations and grants, including research grants for specific projects.

How to donate

Via the CAF

(Please click on the icon above)

By direct transfer :

Please contact Gail Grimston on 01280 827524 or gail.grimston@buckingham.ac.uk to make a direct payment.

Via Electronic Fund Transfer (from outside the UK)

Please contact Gail Grimston on 01280 827524 or gail.grimston@buckingham.ac.uk to make a direct payment.

By cheque

payable to:
Institute of International Monetary Research
c/o University of Buckingham
Hunter Street
Buckingham, MK18 1AG

By Payroll Giving

It’s easy to set up and the donation is automatically taken from your gross income every month. Payroll Giving is deducted from your pay before tax, so the gift is tax-free to the supporter. Your employer needs to set up and run a payroll giving scheme. If they have one, simply tell them how much you want to give and tell them you want it given to the Institute of International Monetary Research [Charity number: 1155226]