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 Submission and Style Requirements
Entries should be no longer than 2,500 words long. Entries should include a bibliography and Harvard style referencing. References will count towards the word total but the bibliography will not. The text should be double spaced, on A4 pages, in Arial size 12 font.
How to Enter
All current students at a UK school or University are eligible to enter.
All entries to the competition should be submitted by 23.59.59 on Friday 21st January 2022. They should be submitted in electronic form to [email protected].
Entrant name and contact details should be clear in the subject of the email but not on the essay attachment itself (it is important you do not include your name or contact details within the attachment as entries will be anonymised before being viewed by judges).
The entries will be reviewed by a panel of judges and the top 5 entries will be invited to the Essay Prize Final (including meeting with the judges) at the Vinson Centre at the University of Buckingham in March. We welcome international entries, but all entrants must be able to attend the final in person.
The winning entry will receive a prize of £1,000. There is also a second prize of £300 and a third prize of £200.
The entries will be judged on the criteria of knowledge and understanding of the economic issues raised by the challenge, use of resources, the quality and clarity of the argument and analysis presented, and the degree of originality and insight displayed. They will not be judged on the basis of adherence to a particular perspective regardless of quality or the other considerations set out.
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.
The 2020-21 prize was launched on 3rd August with the question “Will the pandemic be inflationary or disinflationary?”
On 17 March 2021 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 Dorian Fisher Memorial Prize
The 2021 Dorian Fisher Memorial Prize Results
The IEA is delighted to announce the results of the 2021 Dorian Fisher Memorial Prize. The first prize of £500 went to Marcella Impelliziere Licastro from Curitiba International School in Brazil, while the three runner-up prizes of £250 each went to Melinda Zhu (Westminster School), Max Foden-Ellis (Royal Grammar School, High Wycombe), and Adi Mehrotra (The Latymer School).
Among those who just missed out on one of the top prizes were are Yike Grace Li, Syed Mustafa, Laiba Muhammed Ali, Shrey Kakkar, Vimal Kamath, Theo Sivyer, Max Sears, Kayan Intwala, Chloe Fangiono, Hannah Shiohara.
The prize of £500 for the school with the highest number of entries went to Queen Elizabeth, Barnet.
Congratulations to all the winners!