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
Average inflation targeting by the Federal Reserve and U.S. consumer expectations
July 13, 2021
July 13, 2021
A temporary increase in inflation is not a long-run threat to U.S. economic growth and prosperity
July 9, 2021
July 9, 2021
The latest economic research demonstrates why concerns about federal budget deficits and U.S. debt levels are overblown
April 1, 2021
April 1, 2021
The hidden costs of stock-market-first U.S. economic policies
September 22, 2020
September 22, 2020
Main Street’s workers, families, and small businesses are now suffering as Wall Street prospers from policies to fight the coronavirus recession
September 17, 2020
September 17, 2020
Recessions during young adulthood and U.S. racial income inequality
August 28, 2020
August 28, 2020
Monetary policy and firm heterogeneity in the United States
August 28, 2020
August 28, 2020
Mark-ups, labor market inequality, and the distributional implications of monetary policy
August 28, 2020
August 28, 2020
Expert Focus: Leading Black scholars on U.S. economic inequality and growth (Part 2)
July 20, 2020
July 20, 2020
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