Carola Binder
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Senior Affiliated Scholar
Carola Binder is associate professor of civic leadership and economics at UT Austin and a senior affiliated scholar at the Mercatus Center at George Mason University. Her research focuses on monetary policy, inflation, and central bank communication. She has published widely in academic journals and is the author of Shock Values: Prices and Inflation in American Democracy and has published papers in academic journals, including The Journal of Monetary Economics, Economic Inquiry, and The Journal of Money, Credit, and Banking. Binder received her PhD from UC-Berkeley.
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Post-pandemic Inflation and Improving FAIT with Nominal GDP Level Targeting
Flexible average inflation targeting can be improved by dropping its asymmetry so that it is implemented as a form of nominal GDP level targeting
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting
The history of inflation in the US provides the Fed and other policymakers plenty of lessons for how to more effectively stabilize prices as the economy continues to evolve.
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Nominal Income Expectations of Consumers
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
As inflation soars, the Fed’s new monetary regime has faced heavy criticism, but adding a nominal GDP targeting component may help salvage this recently adopted framework.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Consumer Inflation Uncertainty Is Rising
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
It remains crucially important for the Fed to properly manage inflation expectations, but in this exercise, actions speak louder than words.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Gas Prices, Inflation Expectations, and Consumer Sentiment
- | Expert Commentary Expert Commentary
‘Inflation Reduction Act’ — What’s in a Name? | The Hill
- | Podcast Appearance Podcast Appearance
Inflation Expectations, Measurement and Causes | Economic Forces
- | Monetary Policy Monetary Policy
- | State Testimonies State Testimonies
The Evolution of the Role of the Federal Reserve
Pennsylvania House Majority Policy Committee
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Post-pandemic Inflation and Improving FAIT with Nominal GDP Level Targeting
Flexible average inflation targeting can be improved by dropping its asymmetry so that it is implemented as a form of nominal GDP level targeting
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting
The history of inflation in the US provides the Fed and other policymakers plenty of lessons for how to more effectively stabilize prices as the economy continues to evolve.
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Nominal Income Expectations of Consumers
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
As inflation soars, the Fed’s new monetary regime has faced heavy criticism, but adding a nominal GDP targeting component may help salvage this recently adopted framework.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Consumer Inflation Uncertainty Is Rising
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
It remains crucially important for the Fed to properly manage inflation expectations, but in this exercise, actions speak louder than words.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Gas Prices, Inflation Expectations, and Consumer Sentiment
- | Expert Commentary Expert Commentary
‘Inflation Reduction Act’ — What’s in a Name? | The Hill
- | Podcast Appearance Podcast Appearance
Inflation Expectations, Measurement and Causes | Economic Forces
- | Monetary Policy Monetary Policy
- | State Testimonies State Testimonies
The Evolution of the Role of the Federal Reserve
Pennsylvania House Majority Policy Committee
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Post-pandemic Inflation and Improving FAIT with Nominal GDP Level Targeting
Flexible average inflation targeting can be improved by dropping its asymmetry so that it is implemented as a form of nominal GDP level targeting
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Nominal Income Expectations of Consumers
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Consumer Inflation Uncertainty Is Rising
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Gas Prices, Inflation Expectations, and Consumer Sentiment
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Mission Critical or Mission Creep? The Research Function of the Federal Reserve Banks
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the History of Inflation, the Fed Framework Review, and the Promise of Nominal GDP Targeting
The history of inflation in the US provides the Fed and other policymakers plenty of lessons for how to more effectively stabilize prices as the economy continues to evolve.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
As inflation soars, the Fed’s new monetary regime has faced heavy criticism, but adding a nominal GDP targeting component may help salvage this recently adopted framework.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
It remains crucially important for the Fed to properly manage inflation expectations, but in this exercise, actions speak louder than words.
- | Podcast Appearance Podcast Appearance
Inflation Expectations, Measurement and Causes | Economic Forces
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder and Christina Parajon Skinner on Populism and Legitimacy at the Federal Reserve
The Fed’s attempt to balance appeals to both technocracy and populism brings with it significant risks to its institutional legitimacy.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Carola Binder on Political Pressure and the Twin Deficits of Central Banking
Populism is becoming increasingly prevalent, and NGDP targeting might be the answer
Latest Work
- | Monetary Policy Monetary Policy
- | State Testimonies State Testimonies
The Evolution of the Role of the Federal Reserve
Pennsylvania House Majority Policy Committee
Latest Work
- | Expert Commentary Expert Commentary