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
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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 Policy249

Expert Focus

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

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NBER Summer Institute 2021 Round-up: Week 1

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Equitable Recovery

Average inflation targeting by the Federal Reserve and U.S. consumer expectations

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Equitable Recovery

A temporary increase in inflation is not a long-run threat to U.S. economic growth and prosperity

Tax & MacroeconomicsInequality & Mobility
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The American anti-austerity tradition

Inequality & MobilityTax & Macroeconomics
Equitable Recovery

The latest economic research demonstrates why concerns about federal budget deficits and U.S. debt levels are overblown

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The hidden costs of stock-market-first U.S. economic policies

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Coronavirus Recession

Main Street’s workers, families, and small businesses are now suffering as Wall Street prospers from policies to fight the coronavirus recession

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Racial and ethnic inequality in consumption smoothing

Inequality & MobilityTax & Macroeconomics
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Recessions during young adulthood and U.S. racial income inequality

Inequality & MobilityTax & Macroeconomics
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Monetary policy and firm heterogeneity in the United States

Tax & Macroeconomics
TOPICS: Monetary Policy
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Mark-ups, labor market inequality, and the distributional implications of monetary policy

Inequality & MobilityTax & Macroeconomics
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