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
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
In order to help secure the long-term health of the US economy, policymakers must begin to grapple with the harsh realities of entitlements reform.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
After its near collapse in March of 2020, robust legal reforms are needed ensure increased liquidity and stability in the Treasury market moving forward.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System
As high interest rates continue to persist, a possible collapse of the commercial real estate market may be a stern warning about the health of the US banking system.
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Taking a Close Look at the Economic Situation: September 2023 | Groundbreak Carolinas
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
A Government Shutdown Would Stifle Flow of Economic Data | Marketplace Radio
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Robert McCauley on Bond Market Crises and the International Lender of Last Resort
As the 2020 dash for cash demonstrated, the Fed has now assumed a crucial role as the twenty-first century international lender of last resort in the bond market.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Chair Powell’s Jackson Hole speech provided some necessary reassurances while leaving some important questions unanswered, as we continue to navigate through an uncertain macro environment.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q2 2023
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC
As proposals for CBDC development become more ubiquitous across governments and central banks, it’s important to weigh the many arguments for and against such propositions.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
As private equity and index funds continue to swallow up a growing number of financial assets, the legitimacy and accountability of American capitalism may be called further into question.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Zac Gross on the Past, Present, and Future of Australian Monetary Policy
Altering the monetary policy decision-making process and switching to a corridor system are just a few steps the RBA can take to improve policy outcomes in the future.
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
First Anniversary of Inflation Reduction Act; Topical Economics | WGSO radio’s “Ringside Politics” (LA)
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
First Anniversary of Inflation Reduction Act and Its Impact | WJIM radio’s “The Steve Gruber Show” (MI)
- | Government Spending Government Spending
- | Expert Commentary Expert Commentary
First Anniversary of Inflation Reduction Act | WSPD radio’s “The Scott Sands Show” (OH)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
In the search for better money, it’s important to compare and evaluate all monetary standards with sound monetary theory, economic analysis, and relevant historical contexts.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
The Push for a Central Bank Digital Currency | WIND radio’s Chicago’s Morning Answer”
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Biden’s Union Support Could Get in the Way of His Industrial Policy | National Review’s “The Corner”
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Do Aging Politicians Help Explain the US Credit Rating Downgrade? | The Washington Examiner
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge
The Great Recession period offers many lessons for identifying and preventing macroeconomic crises in the future.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Why Was America’s Credit Downgraded? | Lars Larson Show
Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
In order to help secure the long-term health of the US economy, policymakers must begin to grapple with the harsh realities of entitlements reform.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
After its near collapse in March of 2020, robust legal reforms are needed ensure increased liquidity and stability in the Treasury market moving forward.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System
As high interest rates continue to persist, a possible collapse of the commercial real estate market may be a stern warning about the health of the US banking system.
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Taking a Close Look at the Economic Situation: September 2023 | Groundbreak Carolinas
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
A Government Shutdown Would Stifle Flow of Economic Data | Marketplace Radio
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Robert McCauley on Bond Market Crises and the International Lender of Last Resort
As the 2020 dash for cash demonstrated, the Fed has now assumed a crucial role as the twenty-first century international lender of last resort in the bond market.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
Chair Powell’s Jackson Hole speech provided some necessary reassurances while leaving some important questions unanswered, as we continue to navigate through an uncertain macro environment.
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q2 2023
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDC
As proposals for CBDC development become more ubiquitous across governments and central banks, it’s important to weigh the many arguments for and against such propositions.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
As private equity and index funds continue to swallow up a growing number of financial assets, the legitimacy and accountability of American capitalism may be called further into question.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Zac Gross on the Past, Present, and Future of Australian Monetary Policy
Altering the monetary policy decision-making process and switching to a corridor system are just a few steps the RBA can take to improve policy outcomes in the future.
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
First Anniversary of Inflation Reduction Act; Topical Economics | WGSO radio’s “Ringside Politics” (LA)
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
First Anniversary of Inflation Reduction Act and Its Impact | WJIM radio’s “The Steve Gruber Show” (MI)
- | Government Spending Government Spending
- | Expert Commentary Expert Commentary
First Anniversary of Inflation Reduction Act | WSPD radio’s “The Scott Sands Show” (OH)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
In the search for better money, it’s important to compare and evaluate all monetary standards with sound monetary theory, economic analysis, and relevant historical contexts.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
The Push for a Central Bank Digital Currency | WIND radio’s Chicago’s Morning Answer”
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Biden’s Union Support Could Get in the Way of His Industrial Policy | National Review’s “The Corner”
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Do Aging Politicians Help Explain the US Credit Rating Downgrade? | The Washington Examiner
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation Surge
The Great Recession period offers many lessons for identifying and preventing macroeconomic crises in the future.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance