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
Why measuring inflation is surprisingly challenging
April 5, 2023
April 5, 2023
U.S. inflationary trends amid the COVID-19 pandemic
December 13, 2022
December 13, 2022
What are the distributional effects of monetary policy?
November 17, 2022
November 17, 2022
The impact of different inflationary pressures due to income inequality and racial disparities in the United States today
May 26, 2022
May 26, 2022
Good U.S. monetary policy can’t fix bad U.S. fiscal policy
February 18, 2020
February 18, 2020
Planning for the next recession by reforming U.S. automatic stabilizers
May 16, 2019
May 16, 2019
Explore Content in Monetary Policy251
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
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
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