AW Curriculum

AW-Curriculum: Monetary aspects of foreign trade – exchange rates and inflation

  • Thu, 28. November 2024 09:00h
  • Online-Event (Demio)
  • Online-Event (Deutsch)
  • FIW-Projektbüro, milosevic@wiiw.ac.at
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The Federal Ministry of Labor and Economy, the Research Centre International Economics and the Federal Academy of Administration invite to the seminar

W5 (2024): Monetary aspects of foreign trade – exchange rates and inflation

Lecturer: Priv. Doz. Dr. Fabio Rumler (OeNB)

Date: November 28, 2024, 9:00 am-12:00 pm

Registration link: https://my.demio.com/ref/KaujAPtD6wRrmgJl

Language: German

Contents:

1. Exchange rates as a key factor for monetary value and prosperity

  • Presentation of the mechanism
  • Exchange rates and the terms of trade
  • Implications of appreciation and depreciation of a currency
  • Currency wars

2. Foreign trade implications of inflation

  • Determinants of inflation
  • Imports and inflation
  • The special case of energy prices: Foreign trade as an inflation-driving factor
  • Functioning of monetary policy instruments to combat inflation
    – “Normal” inflation
    – Energy price-induced inflation

3. Excursus: Energy prices

  • Situation on the energy markets in selected countries
  • Effect on the inflation rate
  • Historical link between energy consumption and economic growth
    • – Energy sources and growth over time
    • – Is decoupling possible?
  • Overview of the energy intensity of Austrian foreign trade
    – Structural challenges and need for reform

The webinar is part of the Foreign Trade and Investment Curriculum 2023/24. More information about the Foreign Trade Curriculum.