1st December 2021
Our Director, Juan Castaneda, blames central banks for the current inflation episode in developed economies. You can listen to the interview with Cadena Cope (in Spanish) on 1/12 at https://bit.ly/33rDieC, minutes 37 to 47.
23rd November 2021
On the 23rd of November 2021, we held our Annual Public Lecture in the Royal Automobile Club in London. We were very pleased that Lord Mervyn King, former governor of the Bank of England, has been our speaker. The title of the talk was "Monetary policy in a world of radical uncertainty". This Annual Lecture has been quoted in the news to great acclaim:
- The Guardian: "Central banks have ‘King Canute’ theory of inflation, says former governor"
- Bloomberg: "The King Canute Theory of Inflation"
- Central Banking: "Mervyn King attacks central bank theories of inflation"
- BloombergQuint: "Inflation Pressures Are Back For Good, Former BOE Governor Says"
- The Times: "The Bank of England’s credibility is hanging by a thread"
- The Times: "Panicky Joe Biden has failed the oil price test"
- The Times: "Inflation is traumatic for the Fed and existential for the eurozone"
17th November 2021
In a Financial Times article, it was recognized that IIMR's Chairman, Professor Tim Congdon, has warned for the current wave of inflation as early as May 2020, more than 1.5 years ago. You can read the article here.
10th November 2021
In an interview by Libre Mercado, a Spanish financial newspaper, Dr Juan Castañeda discusses the monetary determinants of the current inflationary episode in the USA and the Eurozone. You can read the article (in Spanish) here.
30th October 2021
On the 30th of October, 'This is Money' published an article, written by Hamish McRae, about the rising inflation, and how one could protect oneself against it. IIMR's professor Tim Congdon is mentioned in the piece, with his warning that USA inflation could well rise above ten percent.
You can read the article here.
28th September 2021
On the 27th September 2021, The Financial Times published a letter of Professor Tim Congdon, Chairman of the Institute of International Monetary Research. In that letter, Professor Congdon argues that most top economists involved in policy making have paid no attention to the effects of the huge increase in broad money on inflation. He highlights the US, where broad money was increased by one third in the last two years only, the highest since the Second World War. As cautionary tale, Professor Congdon reminds us that in 1947, two years after the big increase in broad money in the Second World War, American inflation was up to 20%.
You can read the full letter here.
20th September 2021
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 at https://iea.org.uk/essay-competition.
15th September 2021
IMR in the news: 'Economists fear inflation could rise above 4pc by the end of the year, posing a very real dilemma for Threadneedle Street' , by Russell Lynch, The Telegraph (15/09/21). Our Chairman, Tim Congdon, is quoted in the discussion of inflation in the UK and the link between the rapid growth in the amount of money in 2020 and 2021 and the surge in inflation. You can read the article here.
3rd September 2021
Watch our Chairman, Tim Congdon, in conversation with George Buckley from the Society of Professional Economists (SPE). They discuss inflation and the US Fed monetary policies.
10th August 2021
IMR in the news, 'Bank of England’s QE policies threaten its independence, by Phillip Middleton, OMFIF , on the reliability of the Bank of England's use of quantitive easing as a macroeconomic tool. You can read the full article here.
06th August 2021
The Institute of Economic Affairs July 2021 Shadow Monetary Policy Committee votes 7 to 2 to raise the bank rate and all members in favour to cease QE. You can check the minutes and contributions from our Director and Chairman here.
13th July 2021
IIMR in the news, 'After strategy review, ECB walks inflation tightrope' by David Marsh and Ellie Groves, OMFIF, on the changes made to European Central Bank inflation expectations. You can read the full article here.
7th July 2021
Our Chairman, Tim Congdon, has published an article in the Wall Street Journal titled, 'The Fed Is Underestimating the Risk of Inflation'. You can read the full article here.
29th June 2021
IIMR in the news, "Fed Watch: Doubt Grows On Fed Inflation Stance Across The Economics Spectrum", by Darrell Delamaide, Investing.com, on the dangers of inflation caused by the growth of money. You can read the full article here.
25th June 2021
Our Director, Dr Juan Castaneda, recently spoke on MKFM about inflation and the economic outlook for 2021 and 2022. You can listen to the full recording here.
24th June 2021
IIMR in the news, 'The Fed's dangerous experiment', by Juan Castaneda and Tim Condon in OMFIF , on the inflationary effects of money growth in the US. You can read the full article here.
15th June 2021
An examination of US inflation by our Chairman, Tim Congdon, and Director, Juan Castaneda, has been the core of an analysis by Menzie Chinn (Professor in Economics at the University of Wisconsin) titled 'A Monetarist Manifesto for the Covid-19 Era'. You can read the full article here.
14th June 2021
Our Chairman and Director's IEA 2020 report on the surge of money growth and its inflationary consequences ('Inflation, the next threat') has been quoted by Mark Littlewood in his article in The Times on 14/6/21. You can read the report here and the article here.
10th June 2021
IIMR in the news: 'Don't Call Bitcoin a Bubble. It's an Epidemic', by John Authers, Bloomberg. You can read the full article here.
8th June 2021
Our Chairman and Director contributed to the discussion on inflation and future of monetary policy, hosted online by CSFI. Tim Congdon and Juan Castaneda focused on the monetary determinants of inflation and discussed inflation trends in 2021 and 2022. You can watch the full video here.
3rd June 2021
Our Chairman, Tim Congdon, recently published a policy note titled, 'Does the upturn in Eurozone money growth imply 5% inflation?'. You can read the full publication here.
25th May 2021
IIMR quoted in this article, 'Official digital currencies are not a ‘stable currency’' by Small Cap News on US monetary growth. Read the full article here.
11th May 2021
IIMR in the news, 'Chancellor: Digital currencies are no “stablecoin"' by Edward Chancellor, Reuters, on how the digital currencies proposed by central banks will affect the economy. You can read more here.
6th May 2021
You can read our student oriented newsletter for the Spring Term 2021 here.
5th May 2021
Our Director, Dr Juan Castañeda, has published an article in association with the Institute of Economic Affairs titled, 'Modern Monetary Theory: Why it can’t provide sustained economic growth and low inflation'. You can read the full article here.
29th April 2021
The letter in the Financial Times (20/4/21) signed, among other economists, by our Chairman and Director, 'BoE must end its asset purchases to avoid stoking inflation', has been discussed in the Evening Standard, 'Inflation worriers are fretting about the wrong thing'.
28th April 2021
The Institute of Economic Affairs has published a report by our director, Dr. Juan Castaneda, on the Modern Monetary Theory. You can read it here.
27th April 2021
The letter in the Financial Times (20/4/21) signed, among other economists, by our Chairman and Director, 'BoE must end its asset purchases to avoid stoking inflation', has been discussed in the Investors' Chronicle article, 'Money's misleading message for inflation'.
20th April 2021
Our Chairman and Director have signed a letter, published by the Financial Times, to end the Bank of England's asset purchases programme (i.e. QE). You can access the letter here.
13th April 2021
You can now check the minutes of the April 2021 IEA's Shadow Monetary Policy Committee, with contributions from our Chairman and Director here.
25th February 2021
You can read the article 'The Money Boom Is Already Here' by the members of our Advisory Council, Steve Hanke and John Greenwood, on the excess in money growth in the US since March 2020, and higher inflation rates coming ahead here.
23rd February 2021
You can now watch Tim Congdon's contribution to the House of Lords Economic Affairs' Inquiry on QE, on 9th February 2021 here.
9th February 2021
Our Chairman, Tim Congdon, took part in the Economic Affairs Committee's second evidence session on its quantitive easing inquiry. You can read more here.
7th February 2021
Our Chairman, Tim Congdon, is quoted in The Times by David Smith, on the discussion of negative interest rates and the expected effects of much higher rates of growth of money in the UK. You can read more here.
2nd February 2021
Our latest article in OMFIF's monthly Bulletin, "A surge in inflation is on the horizon: Money supply growth will make an impact eventually" by our Chairman, Tim Congdon, and Director, Juan Castaneda, is now available to read here.
14th January 2021
Our Chairman, Tim Congdon, was quoted in The Telegraph by Ambrose Evans-Pritchard on the early signals of inflation in the US economy, which anticipate a policy change by the Fed even in 2021. This forecast is in line with the IIMR reports on the effects of the increase in the amount of money since March 2020.