Monetary Economics and International Finance

2022 course dates forthcoming.

The Monetary Economics and International Finance summer school will run as two parallel but complimentary modules:

  • Monetary Economics (Morning Session)
  • International Finance (Afternoon Session)

Participants can consider taking one or both modules.  Each course will run for 3 hours each day, including 2 hours of lecture style teaching followed by 1 hour of interactive sessions. Lunch and evening activities are open to all participants.

We will be delivering the course in person in Oxford, with safety precautions in place, see below for further information. We will also stream the sessions for those who can't travel to Oxford, or don't wish to attend in person currently.

Topics covered:

Monetary Economics

  • The Monetary Transmission Mechanism
  • The New Keynesian Model
  • Financial Frictions
  • Central bank Design
  • Central Bank Communication

International Finance

  • Evidence on the Dilemma vs. Trilemma debate
  • A model for the international transmission of financial shocks
  • How should policy deal with international financial shocks?
  • The Euro Area: current account imbalances, the debt crisis, and monetary policy
  • Capital flows and inequality 

Who can attend?

The course is aimed at those currently completing a DPhil or PhD and Central-bank employees.

You can attend in person, or remotely, below are the safety precautions that will be in place if you plan to attend in person.

Covid-safe precautions

  • NHS Track and Trace QR code to be used by everyone entering the building
  • Face masks must be worn inside the building at all times
  • Social distancing in place in all areas including teaching rooms
  • One way system throughout the building
  • Antibacterial hand gel will be available throughout the building, and at all seats in the teaching room
  • There will be screens available in the teaching room for lecturers to use
  • Additional cleaning and queuing procedures are also in place for security


  • Students/Academics: £950 for one course, £1500 for both courses
  • Professionals: £1500 for one course, £2500 for both courses

The price does not cover accomodation, but participants are welcome to add accomodation onto their package. If you'd like to book your accomodation with us, please indicate your preference in the application form. We will inform participants when accomodation is available to be booked.

How to Apply

Applications are now closed for the 2021 programme. 

Once your application has been submitted, it will be reviewed by the course tutors. Please ensure that you provide all the necessary information to help us process your application as quickly as possible.

You will then receive an email notification to confirm whether or not you have been accepted onto the course. 

For those that have been offered a place, you will receive the link to pay the tuition fee via a secure portal. Please note we require payment to secure your place, and all payments must be received at least two weeks before the course start date. 

Once payment has been received, you will receive confirmation of your place on the course(s), and further information so you have everything you need. 

General enquiries

For general queries, including payment and application please email


Monetary Economics


International Finance