- Alt-M - https://www.alt-m.org -

Wanted: Students of Monetary Economics

monetary economics, monetary history, monetary policy, Federal Reserve, Alternative Money UniversityThe Center for Monetary and Financial Alternatives at the Cato Institute is pleased to announce the inaugural offering of Alternative Money University — a 3-day academic workshop for students interested in monetary economics.

A decade since the disruptive 2008 financial crisis, it is more important than ever for young economists to understand monetary economics, which often requires seeking knowledge beyond what ordinary economics classes have to offer. The past ten years have been witness to extraordinary changes in the conduct of monetary policy, including quantitative easing by the Federal Reserve and European Central Bank, and experiments with negative interest rates by the central banks in Japan, Sweden, Switzerland, and Denmark. At the same time, the growing prominence of decentralized, non-state cryptocurrencies has begun to challenge official currency monopolies. Their rapid penetration of mainstream consciousness means that an understanding of their implications for monetary policy and finance is becoming increasingly important. Every aspiring student of monetary economics should understand both existing monetary arrangements and how alternatives might improve upon them.

Alternative Money University will help 30 qualified students to develop such an understanding by participating in an intensive academic workshop about monetary history, the theory and practice of monetary policy, and the workings of unconventional monetary arrangements. By the end of the 3-day workshop, students will be better equipped to evaluate current monetary policy events as they unfold,  to think critically about existing monetary arrangements, and, ultimately, to contribute themselves to the field of monetary economics.

Students in or entering their last year of undergraduate or beginning years of graduate studies are invited to apply. Successful applicants will be chosen on the basis of their academic records and demonstrated interest in monetary economics.

Those chosen to take part will attend, free of charge (with hotel and travel expenses covered by the Cato Institute), several thought-provoking academic seminars led by top scholars in the field. This year's seminars will include:

If you wish to apply, or to learn more about the program, visit www.cato.org/amu.  Applications are open until January 31, 2018.