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.
Featured
Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Dan Katz and Stephen Miran on Reforming the Federal Reserve’s Governance
Restructuring the terms of Fed board members and bolstering the relative power of reserves banks are just a few ways to improve the accountability and legitimacy of Fed governance.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Richard Clarida on FAIT, R-Star, and the Future of the Fed’s Framework
The Fed should consider improving its strategic communication while more effectively anchoring future inflation expectations as it closes in on its next framework review period.
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Trump’s Team Wants to Restructure the Fed | Scripps News
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Reasons a Court Should Find that the SEC Lacked Legal Authority for the Climate-Change Disclosure Rules (Part 1) | FinRegRag
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Start of Financial Crisis? Former FDIC Chief: Banks Are Still ‘Vulnerable’ | The David Lin Show
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Measuring Macroeconomic Policy: the NGDP Gap
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A Remedy for Inflation’s High Tides? | Tribune News Service
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation’s Last-mile Problem | City Journal
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Trump’s Dollar-devaluation Scheme Is a Bad Idea | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*
The global strength of the dollar has provided many economic and geopolitical benefits for the US, but it has also come with numerous costs, both domestically and internationally.
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Next Bank Bailout’s True Costs May Not Be Such a Mystery | The Hill
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Climate-change Work Is a Reminder That the Basel Committee Has Outlived Its Usefulness | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Josh Hendrickson on the Treasury Standard and Global Dollar Dominance
From the collapse of the Bretton Woods system to the present, the US has continued to further implement its Treasury Standard across the globe as an effective economic and geopolitical tool.
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Looking for New Life in the National and Regional Economy | GroundBreak Carolinas
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Mortgage Rates Creep Higher, Carmax Stock Plunges | Yahoo! Finance Live
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
There’s No Real Case for the Fed To Cut Rates Right Now | CNBC
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q4 2023
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Julia Coronado on Productivity, Commercial Real Estate, and the Fed’s Soft Landing
As the Fed continues to seek a soft landing in 2024, election year politics and a shaky commercial real estate market are just a couple of the remaining challenges facing the central bank.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Buy the People: Why Everyone Loves To Hate the Fed | American Banker’s “Bank Shot”
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Veteran Federal Reserve Exec Thomas Hoenig Warns We’re on a Trajectory for Crisis | Thoughtful Money
Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Dan Katz and Stephen Miran on Reforming the Federal Reserve’s Governance
Restructuring the terms of Fed board members and bolstering the relative power of reserves banks are just a few ways to improve the accountability and legitimacy of Fed governance.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Richard Clarida on FAIT, R-Star, and the Future of the Fed’s Framework
The Fed should consider improving its strategic communication while more effectively anchoring future inflation expectations as it closes in on its next framework review period.
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Trump’s Team Wants to Restructure the Fed | Scripps News
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Reasons a Court Should Find that the SEC Lacked Legal Authority for the Climate-Change Disclosure Rules (Part 1) | FinRegRag
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Start of Financial Crisis? Former FDIC Chief: Banks Are Still ‘Vulnerable’ | The David Lin Show
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Measuring Macroeconomic Policy: the NGDP Gap
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A Remedy for Inflation’s High Tides? | Tribune News Service
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation’s Last-mile Problem | City Journal
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Trump’s Dollar-devaluation Scheme Is a Bad Idea | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*
The global strength of the dollar has provided many economic and geopolitical benefits for the US, but it has also come with numerous costs, both domestically and internationally.
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Next Bank Bailout’s True Costs May Not Be Such a Mystery | The Hill
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Climate-change Work Is a Reminder That the Basel Committee Has Outlived Its Usefulness | National Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Josh Hendrickson on the Treasury Standard and Global Dollar Dominance
From the collapse of the Bretton Woods system to the present, the US has continued to further implement its Treasury Standard across the globe as an effective economic and geopolitical tool.
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Looking for New Life in the National and Regional Economy | GroundBreak Carolinas
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Mortgage Rates Creep Higher, Carmax Stock Plunges | Yahoo! Finance Live
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
There’s No Real Case for the Fed To Cut Rates Right Now | CNBC
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Neutral Level of NGDP and the NGDP Gap: Q4 2023
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Julia Coronado on Productivity, Commercial Real Estate, and the Fed’s Soft Landing
As the Fed continues to seek a soft landing in 2024, election year politics and a shaky commercial real estate market are just a couple of the remaining challenges facing the central bank.
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Buy the People: Why Everyone Loves To Hate the Fed | American Banker’s “Bank Shot”
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance