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
Lyman Stone on Demographic and Marriage Decline
Do you view people as stomachs or brains?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Pronatalism as Macroeconomic Policy | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Don’t Throw Out the Makeup Policy Baby With the Fait Bathwater | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Making Milton Friedman’s Monetarism Relevant Again
How the Fed’s shift to monetarism proved inflation is a monetary phenomenon—and why Friedman’s insights still matter for policy today
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed’s Framework Review
Natural Growth Targeting and the Future of Monetary Policy

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Welcome to Macroeconomic Policy Nexus! | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Dean Ball on the Past, Present, and Future of AI
Does the future belong to the curious?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Who actually makes up the gig economy?

- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Measuring Macroeconomic Policy: the NGDP Gap
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Evan Koenig on the Case for Nominal GDP Targeting
A former Fed insider explains his ideal framework

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities
Is there a better way to do emergency Fed lending?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Can our debt problem be solved?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Brian Albrecht on Business Dynamism, Greedflation, and Antitrust
Do we need to rethink what we know about Econ 101, again?

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Javier Milei’s Approach to Politics Has Been Working ‘Very Well’ | Sky News
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
The Fed Framework Review: Macro Musings’ Greatest NGDP Targeting Hits
Are you glutton for Macro Musings punishment?

- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
Outlook of Inflation Under Trump | American Radio Journal
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Peter Conti-Brown on the Fed under Trump 2.0, Reforming the Discount Window, and Providential Moments
Could we all use a little more faith?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
David Bahnsen on the Incoming Trump Administration and the Financialization of the US Economy
Are we kicking too many cans down the road?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Things Are Looking Up for Argentina | City Journal
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Musings 2024 Retrospective
Who is in David’s starting five of macro economists?

Latest work in Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Lyman Stone on Demographic and Marriage Decline
Do you view people as stomachs or brains?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Pronatalism as Macroeconomic Policy | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Don’t Throw Out the Makeup Policy Baby With the Fait Bathwater | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Making Milton Friedman’s Monetarism Relevant Again
How the Fed’s shift to monetarism proved inflation is a monetary phenomenon—and why Friedman’s insights still matter for policy today
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed’s Framework Review
Natural Growth Targeting and the Future of Monetary Policy

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Welcome to Macroeconomic Policy Nexus! | Macroeconomic Policy Nexus (Substack)
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Dean Ball on the Past, Present, and Future of AI
Does the future belong to the curious?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations
Who actually makes up the gig economy?

- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Measuring Macroeconomic Policy: the NGDP Gap
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Evan Koenig on the Case for Nominal GDP Targeting
A former Fed insider explains his ideal framework

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities
Is there a better way to do emergency Fed lending?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets
Can our debt problem be solved?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Brian Albrecht on Business Dynamism, Greedflation, and Antitrust
Do we need to rethink what we know about Econ 101, again?

- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Javier Milei’s Approach to Politics Has Been Working ‘Very Well’ | Sky News
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
The Fed Framework Review: Macro Musings’ Greatest NGDP Targeting Hits
Are you glutton for Macro Musings punishment?

- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
Outlook of Inflation Under Trump | American Radio Journal
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Peter Conti-Brown on the Fed under Trump 2.0, Reforming the Discount Window, and Providential Moments
Could we all use a little more faith?

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
David Bahnsen on the Incoming Trump Administration and the Financialization of the US Economy
Are we kicking too many cans down the road?

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Things Are Looking Up for Argentina | City Journal
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Musings 2024 Retrospective
Who is in David’s starting five of macro economists?
