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
Money Demand and Income Inequality: International Evidence using a Century of Data
March 14, 2023
March 14, 2023
U.S. inflationary trends amid the COVID-19 pandemic
December 13, 2022
December 13, 2022
A review of federal lending to small business owners of color during the COVID-19 pandemic
December 13, 2022
December 13, 2022
Early evidence on federal government income supports for U.S. individuals, workers, and families during the COVID-19 pandemic
December 13, 2022
December 13, 2022
What are the distributional effects of monetary policy?
November 17, 2022
November 17, 2022
Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers
November 17, 2022
November 17, 2022
The Fed is aggressively but perhaps deliberately playing catch-up on inflation
November 2, 2022
November 2, 2022
Monetary Policy and the Dynamics of Wealth Inequality
August 29, 2022
August 29, 2022
Policymakers tackling inflation can’t overlook the impact of higher interest rates on the U.S. child care market
August 11, 2022
August 11, 2022
Factsheet: Is the U.S. economy in a recession, and how does recession dating work?
August 10, 2022
August 10, 2022
NBER Summer Institute 2022 Round-up: Week 3
August 1, 2022
August 1, 2022
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