The Monetary Policy Essay Prize 2021-22
By the Institute of Economic Affairs, the Institute of International Monetary Research, and the Vinson Centre
“Does inflation matter? And will the current inflation upturn be transitory or not?”
The purpose of the Institute of International Monetary Research is to demonstrate and bring to public attention the strong relationship between the quantity of money on the one hand, and the levels of national income and expenditure on the other. The Institute – which is associated with the University of Buckingham in England – was set up in 2014, in the aftermath of the Great Financial Crisis (a.k.a., “the Great Recession”) of 2007 – 2009. It is an educational charity.
The IEA is the UK’s original free-market think-tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. As part of this, the IEA runs an extensive student outreach programme including internships, summer schools, seminars and competitions. The IEA is an educational charity (No CC 235 351) and independent research institute limited by guarantee. Ideas and policies produced by the Institute are freely available from our website. The Institute is entirely independent of any political party or group, and is entirely funded by voluntary donations from individuals, companies and foundations.
About the Vinson Centre
The Vinson Centre for the public understanding of economics and entrepreneurship is a space for research and knowledge exchange at the University of Buckingham where individuals and teams come together to pursue exciting projects in novel ways.
On 3rd March 2022 we ran the final for the fourth year of our Monetary Policy Essay Prize in conjunction with the Institute of International of Monetary Research and the Vinson Centre. The entries were judged on their presentation style, command of the theory, the relevance to the question, as well as overall persuasiveness.
The competition was won by Guillermo Sagnier of Warwick University, who won a prize of £500. Irakli Imnaishvili and Aislin Rees tied for second place.