On 17 March we ran the final for the third year of our Monetary Policy Essay Prize in conjunction with the Institute of Ineternational 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 Undergraduate portion of the competition was won by Gustaf Dillner of Warwick University, who won a prize of £500. Max Marian from the London School of Economics came in second, and Mihir Gupta from UCL came in third.
Michele Silvestri from King’s College School, Wimbledon won the Sixth Form portion of the competition, followed by Max Sanders of Brighton, Hove & Sussex Sixth form coming in second, and Mayo Adetujoye from Withington Girls’ School in third.
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.