Events 2022

An overview of events held by the IIMR in 2022. To see our forthcoming events, please go to Forthcoming Events.

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Talk: 'The relationship between money and inflation'

Wednesday 9th November 2022
TBC
University of Warwick, Oculus building

The director of the IIMR, Dr Juan Castañeda, visited the Warwick Central Banking Society to give a talk on the relationship between money and inflation. Co-organisers were the Warwick Business School Society and the Warwick European Society.

IIMR Money Webinar Series - Autumn term 2022

Wednesday 2nd November
16:00-17:00 UK time 
On-line via Zoom
  • Pedro Schwartz,
    Universidad Camilo José Cela, Madrid
    Monetarism in an historical perspective: why is it not fashionable any more?

IIMR Annual Monetary Conference: 'Did central banks react correctly to the Covid-19 pandemic?'

Thursday 27th October, 2022
09.30-16.30

Vinson Building Auditorium, University of Buckingham, Buckingham MK18 1EG

View the Annual Conference playlist on YouTube

Session 1 – Macroeconomic models and central bank inflation projections in 2020-21

Chair: Juan Castañeda, (Director, IIMR)

10.00 am –  Ricardo Reis, (LSE) - ‘An assessment of major central banks’ inflation forecasts during and in the aftermath of Covid-19’

10.25 am – Paul De Grauwe, (LSE) - ‘Trust and Monetary Policy’

10.50 am – Charles Goodhart (Financial Markets Group) and Manoj Pradhan (Talking Heads) - ‘A snapshot of central bank (two-year) forecasting: a mixed picture’

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Session 2 – The determinants of the current inflation episode

Chair:  John Greenwood, (International Monetary Monitor)

12.15 pm – Tim Congdon (IIMR) –  ‘Why Keynes' General Theory, via Samuelson's Economics, was to blame for the Covid-19 money explosion and the current inflation episode’

12.40 pm – Juan Castañeda (IIMR) and José Luis Cendejas (Universidad Francisco de Vitoria) – ‘Money, inflation and monetary equilibrium: the effects of the surge in money growth in 2020 and 2021 in the USA’

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Session 3 – The conditions to return to price stability

Chair:  Martin Ricketts (University of Buckingham)

14.30 pm – Michael Oliver (Open University) - ‘Nonmonetary and monetary explanations for inflation: the UK in the 1970s’  

14.55 pm – John Greenwood – ‘The flaws in the monetary policy strategy of the Bank of England in 2020-21. What policies can we expect in 2022-23?’

15:20 pm – James Ferguson, (MacroStrategy) – ‘A discussion on the policy options for the Bank of England to rein in inflation’

View the IIMR Annual Conference 2022 - YouTube

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IIMR Annual Public lecture: 'The widespread failure of central banks to control inflation'

Tuesday 25th October, 2022
Doors open 18.00; lecture starts 18.30

RAC Club Pall Mall, London SW1Y 5HS

Speaker: Willem Buiter. Watch the IIMR Public lecture on YouTube

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ECB Talk: 'The ECB’s monetary policy strategy'

Wednesday 19th October 2022
2.30pm
On-line via Zoom

Leopold von Thadden is Senior Lead Economist in the Monetary Policy Strategy Division of the European Central Bank. His research interests include dynamic general equilibrium models, monetary economics and the analysis of monetary and fiscal policy challenges specific to monetary unions.

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IIMR Money Webinar Series - Autumn term 2022

Wednesday 5th October 
18:00-19:00 UK time
On-line via Zoom
  • Charles Calomiris, Columbia Business School, "Does the Fed need a tighter monetary policy rule and Congress scrutiny to restore price stability?"

Watch on our YouTube channel

IIMR Money Webinar Series - Summer term 2022

Wednesday 20th July
18:00-19:00 UK time
On-line via Zoom
  • Alexander Salter,  Texas Tech University: "The return to price stability: and assessment of the Fed's average inflation targeting rule"
    Watch it via YouTube

Roundtable discussion and information about our Masters and Postgraduate programmes

Wednesday 8th June 2022
17:45-...
IEA offices, Westminster, UK

On 8th June 2022, four eminent monetary economists will discuss the topic of inflation. At the same event, you can hear about IIMR's Masters and Postgraduate programmes. 

IIMR Money Webinar Series - Spring term 2022

Wednesday 18th, 25th May, and 1st June, 2022
18:00-19:00 UK time
On-line via Zoom
  • Wednesday 18th May: Bill Robinson, KPMG: "The current inflation episode in the UK. Lessons from the 1970's" 
  • Wednesday 25th May: Charles Goodhart, Financial Markets Group, LSE: "Does the government debt accumulated by central banks since March 2020 matter? Could it just be removed from the central bank balance sheet?" Watch on Youtube
  • Wednesday 1st June: Lars Christensen, CEO & Founder, Markets & Money Advisory and Associate Professor at Copenhagen Business School: "Who is to blame for the current inflation episode?"  Watch on YouTube

Debate: predicting the future with economic theory?

Sunday 5th June, 2022
12:00 UK time
Arena of the 'HowTheLightGetsIn' festival terrain, just off Newport Street, Hay-on-Wye, Hereford, HR3 5BZ, United Kingdom

Director of the IIMR is panelist in a debate entitled 'Predicting the future', organised by the Institute of Art and Ideas. From their website: "Back at the beginning of 2021 inflation was not even a blip on the horizon. Average forecasts for the year were 'no change'. Economists and central banks forecast inflation at 2.2% in the US, 1.5% in the UK. The outturn was three times this level, the highest since the inflation crises of the 70s and 80s, threatening growth and living standards. At the beginning of this year, the same folk were forecasting falls for 2022. Now it looks as if it may reach 10%. Should we give up on the idea that economics is a science and instead see predictions as politically motivated or exercises in wish fulfillment? Can our economic models be refined so that they deliver accurate predictions of the future? Or is there something about mathematical economic models that fundamentally makes them incapable of predicting the unexpected? Former Leader of the Liberal Democrats Vince Cable, FT Journalist Izabella Kaminska and economic extraordinaire Juan Castaneda debate the possibility of predictions."

 

Talk: 'On money and inflation: who is responsible for the current inflation episode?'

Thursday 21st April 2022
17:00-18:00 UK time
University of Buckingham

On Thursday 21st April 2022, our Director (Juan Castañeda, Institute of International Monetary Research and University of Buckingham) will give a talk, entitled 'On money and inflation: who is responsible for the current inflation episode?', followed by a presentation of the Postgraduate programmes in Money, Banking and Central Banking, University of Buckingham. The latest available data show that CPI inflation is on the rise in the USA (7.9%), the Eurozone (7.5%) and the UK (5.5%). Juan Castaneda will point out that the surge in the amount of money, broadly defined, in the US and other leading economies since March 2020 is the ultimate determinant of the current inflation episode. In 2020 and 2021, the central banks in these economies embarked in large asset purchases programmes (mostly government bonds) that have resulted in an extraordinary rate of growth of money, broadly defined. In the USA, during the spring of 2020 M3 growth reached a record high for modern peacetime. National central banks have been willing to monetise the enlarged deficits incurred by the government without paying attention to the consequences this would have on the amount of money. In line with the IIMR monthly money notes since March 2020 and as stated in a policy report written for the IEA in June 2020 ('Inflation; the next threat?', co-authored by Juan Castaneda and Tim Congdon, IIMR), he anticipated that, in contrast to the disinflationary effects of the Global Financial Crisis in 2007-09, the surge in money growth in 2020 in the USA, the Eurozone and the UK would be inflationary in the medium term. Of course, the inflationary effects resulting from the extraordinary rate of growth of money in these economies in the last 24 months are neither immediate nor precisely proportional. There is often a delay of about 18-24 months between a surge in money growth and its effect on prices and this is precisely what is happening now. In other words, the current increase in inflation is very much the result of excess money growth in 2020 and 2021. The presentation will include a discussion on the conditions necessary for leading economies to return to price stability in the next 2-3 years.

IIMR Webinar - What is monetarism good for?

Wednesday 23rd March 2022
17:30 UK time
Delivered live via Zoom Webinar

On Wednesday 23rd March 2022, our Director (Juan Castaneda) and a member of our Academic Advisory Council (Geoffrey Wood) will contribute to a webinar, co-organized by Istituto Bruno Leoni and IIMR, whereby an international panel will discuss the merits of monetarism and our online course on ‘Money and Prices. An introduction to monetarism’. You can join the webinar via bit.ly/monetarism-webinar with Zoom ID: 830 3534 7010 and password: ibl.

IIMR Money Webinar Series - Winter term 2022

Wednesday 9th February, Wednesday 23rd February and Wednesday 16th March 2022
18:00-19:00 UK time
Delivered live via Zoom Webinar
  • Wednesday 9th February 2022, Mark Skousen of Chapman University will hold a session titled "The implications of using Gross Output for the making of monetary decisions". Watch on YouTube
  • Wednesday 23rd February 2022, Tim Congdon of Buckingham University will hold a session titled "Banking in a free society". Watch on YouTube
  • Wednesday 16th March 2022, David Llewellyn of Loughborough University will hold a session titled "Has the regulation pendulum swung too far in the banking industry?". Watch on YouTube

For a one-page leaflet (pdf), click here. This event is organized in collaboration with the Vinson Centre Centre.

Global inflation - transitory or persistent?

Wednesday 9 February 2022
13:00-17:00 BST / 08:00-12:00 EST
Delivered live via Zoom Webinar

IIMR's chair Tim Congdon will be panelist in a session entitled "The Challenges of Change". For more information, see SPE's website.

The Monetary Policy Essay Prize 2021-22

to be submitted by Friday 21st January 2022
23:59:59
n.a.

We are delighted to announce the third edition of the Monetary Policy Essay Prize, in collaboration with the IEA and the Vinson Centre, on 'Does inflation matter? And will the current inflation upturn be transitory or not?'. You will find details on how to enter the competition here.