AW Curriculum: Monetary Aspects of International Trade – Exchange Rates and Inflation (W5)

The Federal Ministry for Economic Affairs, Energy and Tourism, the Centre of Excellence for International Economics and the Federal Academy of Public Administration invite you to attend the seminar

W5 (2026): Monetary Aspects of Foreign Trade – Exchange Rates and Inflation

Speaker: Priv. Doz. Mag. Dr. Fabio Rumler (OeNB)

Date: 25 November 2026

Registration link: https://us06web.zoom.us/webinar/register/WN_Aalmxdq2TjuJ1tlhZrXsag

Language of the event: German

Contents:

1. Exchange rates as a key factor in the value of money and prosperity

Presentation of the ‘
’ mechanism Exchange rates and the terms of trade
Implications of currency appreciation and depreciation
Currency wars

2. External economic implications of inflation

Determinants of inflation
Imports and inflation
The special case of energy prices: foreign trade as a driver of inflation
How monetary policy instruments for combating inflation work
‘Normal’ inflation
Energy-price-driven inflation

3. Side note: Energy prices

The situation on energy markets in selected countries
Impact on the inflation rate
Historical interdependence of energy consumption and economic growth
Energy sources and growth over time
Is decoupling possible?
Overview of the energy intensity of Austria’s foreign trade
Structural challenges and the need for reform

The webinar is part of the Foreign Trade Curriculum 2025–26. Further information on the Foreign Trade Curriculum.