Topic Monetary Policy

Recessions cause substantial economic pain through elevated unemployment and financial distress for individuals, families, and businesses. Monetary policy is a primary tool that U.S. policymakers use to support the macroeconomy and reduce the pain of economic downturns. Equitable Growth works to improve our understanding of how monetary policy affects the business cycle, unemployment, and inequality to deliver robust, broad-based economic growth.

Featured work

Equitable Recovery

The coronavirus recession and economic inequality: A roadmap to recovery and long-term structural change

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Vision 2020

Good U.S. monetary policy can’t fix bad U.S. fiscal policy

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Why Americans need to know more about the Federal Reserve

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Coronavirus Recession

The most exposed workers in the coronavirus recession are also key consumers: Making sure they get help is key to fighting the recession

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In Conversation

In Conversation with Atif Mian

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Planning for the next recession by reforming U.S. automatic stabilizers

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Explore Content in Monetary Policy215

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The impact of different inflationary pressures due to income inequality and racial disparities in the United States today

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Austerity policies in the United States caused ‘stagflation’ in the 1970s and would do so again today

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Cyclical Demand Shifts and Cost of Living Inequality

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Falling Rates and Rising Superstars

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What explains the decline in r*? Rising income inequality versus demographic shifts

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TOPICS: Monetary Policy
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The value of racial and gender diversity at the Federal Reserve

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Diverse Policy Committees Can Reach Underrepresented Groups

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Does Monetary Policy Work Through the Labor Market?

Tax & Macroeconomics
TOPICS: Monetary Policy
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Optimal Monetary Policy with Menu Costs is Nominal Wage Targeting

Tax & Macroeconomics
TOPICS: Monetary Policy
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Macroprudential Regulations, Income Inequality and the Redistribution Channel

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TOPICS: Monetary Policy
Expert Focus

Expert Focus: From academia to the administration, Equitable Growth scholars transition to executive branch

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NBER Summer Institute 2021 Round-up: Week 1

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