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
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February 18, 2020
Planning for the next recession by reforming U.S. automatic stabilizers
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May 16, 2019
Explore Content in Monetary Policy251
NBER Summer Institute 2022 Round-up: Week 2
July 26, 2022
July 26, 2022
NBER Summer Institute 2022 Round-up: Week 1
July 18, 2022
July 18, 2022
A Goldilocks Theory of Fiscal Deficits
June 30, 2022
June 30, 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
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
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