19th December 2020
Our director, Juan Castaneda, participated in the launch of the book, 'The Economics of Monetary Unions. Past Experiences and the Eurozone' (Routledge, 2020), held by Fundacion Rafael del Pino. The book has been co-edited by Juan along with Professor Geoffrey Wood and Alessandro Roselli, and with a chapter by our Chair, Tim Congdon. You can watch the video with the panel discussion with the Vice President of the ECB, Luis de Guindos and Professor Schwartz here (video in Spanish).
18th December 2020
IIMR and our Chair, Tim Congdon, in the news, 'The Capital Letter: Week of December 14', by Andrew Stuttaford, on the discussion of inflation prospects for 2021. You can read more here.
17th December 2020
Our director, Juan Castaneda, participated in an event organised by Fundacion Rafael del Pino to discuss the challenges of the euro, along with ECB Vicepresident (Luis de Guindos) and Professor Pedro Schwartz, member of the IIMR Advisory council.
1st December 2020
Our IIMR Annual Conference 2020 was very kindly included in the EconVue newsletter. You can read more here.
13th November 2020
IIMR in the news, "When did central banks decide that abnormal monetary growth doesn’t matter anymore?", by our Director Juan Castaneda on City A.M. on the failure to acknowledge the medium to long-term effects in the increase of money. Read the full article here.
October 2020
Juan Castaneda and Tim Congdon's 'Money Matters' column in OMFIF Autumn 2020 Bulletin is available here. They highlight the rapid money growth in most advanced economies in 2020 and the lack of monetary analysis in the theories used to explain inflation by major central banks.
30th October 2020
Our Chair, Tim Congdon, contributed to the IEA's Shadow Monetary Policy Commitee, held on 13/10/2020. The Comittee agreed to hold interest rates and rejected proposals to run a negative interest rate policy by the Bank of England. Tim Congdon warned of an inflationary boom once the economy returns to normal. Full minutes available here.
13th October 2020
IIMR in the news, 'Economists: Post-Covid double-digit inflation warnings wide of the mark' by David Brenchley, Investment Week, on the inflationary effects of the COVID-19 crisis. Read the full article here.
25th September 2020
13th September 2020
IIMR in the news, 'Sugar high of new money will leave the economy bloated and in poor health', by Cormac Lucey, The Times, on the recent decline of GDP in 2020. You can read the full article here.
8th September 2020
IIMR in the news, 'Gold Price Trend: The Slow Retreat?' by Dan Atkinson, Capital.com, on the recent growth in money and anticipated global inflation. You can read the full article here.
3rd September 2020
Our Director, Dr. Juan Castaneda, has published a paper on SUERF titled, 'A rule-based monetary strategy for the European Central Bank: a call for monetary stability'. You can read it here.
20th August 2020
The IIMR will be contributing to this years 'Freedom Week' hosted and run by the Adam Smith Institute and the Institute of Economic Affairs. Our Director, Dr. Juan Castaneda will be contributing a presentation on 'The Role of Central Banks in Modern Economies'. For more information please visit: https://www.freedom-week.org/
4th August 2020
Tim Congdon and Juan Castaneda voted to keep the bank rate unchanged and stop quantitative easing at the meeting where the decision was agreed by the committee. You can read the minutes for their contributions to July's 2020 IEA's SMPC meeting here.
4th August 2020
Our Chair, Professor Tim Congdon, in the news, "No stagflation, just worsening unemployment ahead for Australia", by Bernard Keane and Glenn Dyer, Crikey, on the effects of the coronavirus pandemic on the Australian economy. Full article available here.
9th July 2020
Our Chair, Tim Congdon, and the IIMR in the news, 'The Midas Touch: Will Gold Continue to Shine?' by Mark Skousen, Stock Investor, on the effects of the extraordinary rate of growth of money in the USA on gold prices. Read more here.
30th June 2020
IIMR in the news 'Powell Has Become the Fed’s Dr. Feelgood', by James Grant, The Wall Street Journal, on the extraordinary surge in money growth in the USA in recent weeks. Read the full article here.
IIMR in the news 'Global Money Supply Growth and the Great Inflation Getaway', Colin Lloyd, American Institute for Economic Research, on the relation between the money supply and inflation. Read the full article here.
22nd June 2020
The video discussion on the IIMR/IEA report, 'Inflation: the next threat', has been published on the IEA's youtube channel. Watch the full discussion here.
18th June 2020
IIMR in the news, "Money printing 'poses threat to send prices soaring'", by Phillip Aldrick, The Times, on the report presented by the IIMR/IEA on double-digit inflation being the next threat. Read the full article here.
18th June 2020
"Inflation: The next threat?"
An IIMR/IEA report by Juan Castaneda and Tim Congdon, IIMR and the University of Buckingham. Register for the live webinar here. Full report available here.
15th June 2020
IIMR in the news, "Watch out for too much money — and the return of boom and bust cycles", by Juan Castaneda, CityAM, edited by Christian May and Rachel Cunliffe, on the growth of money in the US. Read the full article here.
11th June 2020
IIMR in the news, “These Two Charts Cannot Be Ignored By Investors” by Mark Skousen, Stock Investor, on the extraordinary growth of money in the USA in recent months. Read the full article here.
09th June 2020
IIMR in the news, ‘Germans fear the ECB is following the Weimar Reichsbank into an inflation trap’ by Ambrose Evans-Pritchard, The Telegraph, on the impact of expansionary monetary measures in the eurozone on money growth and inflation. Read the full article here.
02nd June 2020
Tim Congdon and the IIMR in the news, ‘Pandemic is defining duel of conflicting economic models’ by Ambrose Evans-Pritchard, The Telegraph, on Monetarists vs. New Keynesian economists on the effects of the crisis on inflation. Read the full article here.
19th May 2020
IIMR in the news, ‘Inflation now a fiscal phenomenon’ by Chris Papadopoullos, OMFIF, on the increase in broad money due to corporate borrowing. Read the full article here.
30th April 2020
IIMR in the news, ‘Get ready for the return of inflation’ by Tim Congdon, Wall Street Journal, on the actions of the Federal Reserve in a response to the economic effects of the coronavirus crisis. You can read the full text here.
28th April 2020
The IIMR in the news, ‘Global financial crisis 2.0 is coming for your wallet’ by Ian Cowie, Al Jazeera, on the expected inflationary effects of the policy responses to the current crisis. You can read the article here.
23rd April 2020
We are delighted to announce the publication of a book with the collaboration of our staff, Professor Tim Congdon and Dr Juan Castañeda: The Economics of Monetary Unions. Past Experiences and the Eurozone. By J. Castañeda, A. Roselli and G. Wood (editors). Routledge, April 2020. In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. Among others, topics include the comparison of the euro to the Classical Gold Standard, payment systems in a multi-country monetary union, Target2 imbalances, debt restructuring within a monetary union, the measurement of macroeconomic asymmetry in the eurozone vs. the USA, and several proposals to reform the eurozone. More detailed information can be found here.
12th April 2020
The IIMR in the news, ‘Even as we dive into recession, spectre of inflation haunts us’ by David Smith, The Times, on the expected inflationary effects of the policy responses to the current crisis. You can read the article here.
6th April 2020
With bank deposits in US banks continuing to rise at quite astonishing levels, our Chair, Professor Tim Congdon, has written a further note which suggests that US broad money growth could reach double digit levels during this year, triggering a significant rise in inflation. You can read his comments here.
02nd April 2020
IIMR on the news on the expected inflationary consequences of the economic policy responses to the coronavirus in the US. Higher inflation could allow governments to work off the debt mountains they are accumulating: Jeremy Warner, Assistant Editor of The Telegraph.
30th March 2020
On top of the usual monthly money note, our Chair, Professor Tim Congdon, has written this extra note about a significant upturn in bank deposits US banks, which suggest that broad money growth could be about to rise significantly, with the increased risk of significant inflation following in the longer term. You can read his comments here.
24th March 2020
IIMR in the news on the analysis of the policy responses to the coronavirus:
Letter: Bond investors’ concern is perfectly rational – Financial Times
This letter was written by our Chair, Professor Tim Congdon. Full text here.
A global depression is avoidable, if we shun defeatism – The Telegraph
Article written by Ambrose Evans-Pritchard. Full text here.
26th February 2020
Dr. Juan Castañeda hosted a presentation on ‘Macroeconomic Forecasting: a Monetarist View’ at The University of Buckingham alongside the Buckingham Finance Society.
The presentation covered the fundamentals of money, prices and output, and gave an overview on the Quantity Theory of Money alongside examinations of real-world examples. The presentation also offered insight into how recent trends in money growth could affect economies in the future.
The presentation can be accessed here.
20th February 2020
Our Chair, Professor Tim Congdon, gave a presentation on ‘Money in Macro Forecasts’ at Sheffield University.
The presentation showed how sharp fluctuations in the growth of real broad money
matter to the cyclical course of the economy.
The presentation can be accessed here.
7th February 2020
Our Director, Dr. Juan Castañeda, gave a presentation at Warwick University discussing ‘Have Central Banks Run Out of Ammunition? A Monetarist View’
The presentation examined the history of money creation before discussing The Quantity Theory of Money as an alternative theory to the standard message of Keynesian macroeconomics.
The presentation can be accessed here.