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

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.