BRITISH ECONOMISTS TEACH INFLATION COURSE AT UNAM

Students at UNAM recently had the opportunity to learn from leading British economists who visited the School of Economics to teach a course titled “Keynes, Kalecki, and the Inflation Target.”

At the opening session, Lorena Rodríguez León, Director of the School of Economics, highlighted the importance of initiatives to build intellectual, academic, and research networks. She noted that such exchanges strengthen collaboration within UNAM and with other institutions of higher education, fostering meaningful dialogue—such as, in this case, discussions around inflation targeting.

Rodríguez León, who is also a researcher, emphasized that inflation remains a persistent challenge in Mexico and globally. In this context, collaboration and exchanging ideas among economists is essential for deepening our understanding of the issue.

The first lecture was delivered by Jan Toporowski, a researcher at the University of London renowned for his work on fund management, international banking, and central banking.

Speaking to students in the Jesús Silva Herzog Lecture Hall, Toporowski explained that production and employment changes are monetary. As such, even crises including COVID-19, war, or technological advances—and their inflationary effects—are addressed by independent central banks, which respond to the monetary cycle by setting inflation targets.