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
The coronavirus recession and economic inequality: A roadmap to recovery and long-term structural change
April 16, 2020
April 16, 2020
Good U.S. monetary policy can’t fix bad U.S. fiscal policy
February 18, 2020
February 18, 2020
Why Americans need to know more about the Federal Reserve
January 28, 2020
January 28, 2020
The most exposed workers in the coronavirus recession are also key consumers: Making sure they get help is key to fighting the recession
April 8, 2020
April 8, 2020
In Conversation with Atif Mian
January 14, 2019
January 14, 2019
Planning for the next recession by reforming U.S. automatic stabilizers
May 16, 2019
May 16, 2019
Explore Content in Monetary Policy215
The impact of different inflationary pressures due to income inequality and racial disparities in the United States today
May 26, 2022
May 26, 2022
Austerity policies in the United States caused ‘stagflation’ in the 1970s and would do so again today
January 11, 2022
January 11, 2022
Cyclical Demand Shifts and Cost of Living Inequality
January 11, 2022
January 11, 2022
Falling Rates and Rising Superstars
January 7, 2022
January 7, 2022
What explains the decline in r*? Rising income inequality versus demographic shifts
January 7, 2022
January 7, 2022
The value of racial and gender diversity at the Federal Reserve
September 16, 2021
September 16, 2021
Diverse Policy Committees Can Reach Underrepresented Groups
September 16, 2021
September 16, 2021
Does Monetary Policy Work Through the Labor Market?
August 27, 2021
August 27, 2021
Optimal Monetary Policy with Menu Costs is Nominal Wage Targeting
August 27, 2021
August 27, 2021
Macroprudential Regulations, Income Inequality and the Redistribution Channel
August 27, 2021
August 27, 2021
Expert Focus: From academia to the administration, Equitable Growth scholars transition to executive branch
July 27, 2021
July 27, 2021
NBER Summer Institute 2021 Round-up: Week 1
July 19, 2021
July 19, 2021
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