Monetary Policy
By minimizing the harm caused by recessions and high inflations, monetary policy can promote economic stability and create an environment in which individuals and businesses prosper and thrive. In pursuit of these goals, Mercatus research shows why and how the Federal Reserve should (a) follow a rules-based approach to making policy, (b) increase its transparency and accountability to the public, and (c) better utilize market signals.
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Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
How Much Did Macroeconomic Policy Matter? A New Decomposition of the US Inflation Surge of 2021–22
Inflation surged as demand ran hot—NGDP trends offer a tool for prevention
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Ben Harris on the Fiscal Health of the US Government
How much longer can we kick the can down the road?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
What do the recent moves in stablecoin legislation in the US mean for the dollars position in Europe?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Rising from the Floor to the Ceiling | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Glass Houses, Glass Atriums | FinRegRag (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Winners, Losers, and the Lingering Fears of Inflation | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Mark Blyth on the Winners and Losers from Inflation
Or as Mark calls it the users and losers from inflation

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Sam Schulhofer-Wohl on Reforms in the Treasury Market and Developments with Central Bank Operating Systems
Who Knew Central Bank Operating Systems Could Be So Much Fun?

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
July Rate Cuts Would Be ‘Quite Premature’ | Yahoo Finance
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Federal Reserve Should Welcome the Appointment of an Independent Inspector General
The $3 billion upgrade of the Fed’s HQ is like building a “Versailles Palace on the National Mall.” The Fed urgently needs a fully independent watchdog.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS
Andy Levin responds to the criticisms of his recent controversial policy brief.

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Direction of Next Fed Move Is Not Obvious | CNBC Closing Bell
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Matthew Pines on the Future of Money, AI, and Monetary Policy
Are stablecoins going to strengthen dollar dominance?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Is the Fate of FAIT Sealed? | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Powerlifting Through Hysteresis | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
Will powerlifting become the new hot metaphor in macroeconomics?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Stanley Fischer: The New Monetarist | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Contextualizing the Great Depression and its Implications on Monetary Policy Today
How can the lessons we learned from the Great Depression be applied to macroeconomic policy today?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What is the Biggest Threat to Fed Independence? | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
Orders for Durable Goods Like Airplanes and Appliances Declined in April | Marketplace Radio
Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
How Much Did Macroeconomic Policy Matter? A New Decomposition of the US Inflation Surge of 2021–22
Inflation surged as demand ran hot—NGDP trends offer a tool for prevention
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Ben Harris on the Fiscal Health of the US Government
How much longer can we kick the can down the road?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
What do the recent moves in stablecoin legislation in the US mean for the dollars position in Europe?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Rising from the Floor to the Ceiling | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Glass Houses, Glass Atriums | FinRegRag (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Winners, Losers, and the Lingering Fears of Inflation | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Mark Blyth on the Winners and Losers from Inflation
Or as Mark calls it the users and losers from inflation

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Sam Schulhofer-Wohl on Reforms in the Treasury Market and Developments with Central Bank Operating Systems
Who Knew Central Bank Operating Systems Could Be So Much Fun?

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
July Rate Cuts Would Be ‘Quite Premature’ | Yahoo Finance
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Federal Reserve Should Welcome the Appointment of an Independent Inspector General
The $3 billion upgrade of the Fed’s HQ is like building a “Versailles Palace on the National Mall.” The Fed urgently needs a fully independent watchdog.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS
Andy Levin responds to the criticisms of his recent controversial policy brief.

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Direction of Next Fed Move Is Not Obvious | CNBC Closing Bell
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Matthew Pines on the Future of Money, AI, and Monetary Policy
Are stablecoins going to strengthen dollar dominance?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Is the Fate of FAIT Sealed? | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Powerlifting Through Hysteresis | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
Will powerlifting become the new hot metaphor in macroeconomics?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Stanley Fischer: The New Monetarist | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Contextualizing the Great Depression and its Implications on Monetary Policy Today
How can the lessons we learned from the Great Depression be applied to macroeconomic policy today?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What is the Biggest Threat to Fed Independence? | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance