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

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Why measuring inflation is surprisingly challenging

Tax & Macroeconomics
report

U.S. inflationary trends amid the COVID-19 pandemic

Tax & Macroeconomics
TOPICS: Monetary Policy
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What are the distributional effects of monetary policy?

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

Inequality & MobilityTax & Macroeconomics
Vision 2020

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

Inequality & MobilityTax & Macroeconomics
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Planning for the next recession by reforming U.S. automatic stabilizers

Tax & MacroeconomicsFamiliesLabor

Explore Content in Monetary Policy247

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

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

Tax & Macroeconomics
working paper

Cyclical Demand Shifts and Cost of Living Inequality

FamiliesTax & Macroeconomics
working paper

Falling Rates and Rising Superstars

CompetitionTax & Macroeconomics
working paper

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

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

Inequality & MobilityLaborTax & Macroeconomics
working paper

Diverse Policy Committees Can Reach Underrepresented Groups

Inequality & MobilityLaborTax & Macroeconomics
grant

Does Monetary Policy Work Through the Labor Market?

Tax & Macroeconomics
TOPICS: Monetary Policy
grant

Optimal Monetary Policy with Menu Costs is Nominal Wage Targeting

Tax & Macroeconomics
TOPICS: Monetary Policy
grant

Macroprudential Regulations, Income Inequality and the Redistribution Channel

Tax & Macroeconomics
TOPICS: Monetary Policy
Expert Focus

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

CompetitionLaborTax & MacroeconomicsInequality & Mobility
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NBER Summer Institute 2021 Round-up: Week 1

Inequality & MobilityTax & MacroeconomicsLabor
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