Patrick Horan

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Research Fellow
Patrick Horan is a research fellow at the Mercatus Center at George Mason University where he focuses on U.S. monetary policy and other macroeconomic issues. His writings have been published in academic journals including the Southern Economic Journal, the Quarterly Review of Economics and Finance, and the Journal of Policy Modeling as well as popular outlets including Barron’s, The Hill, City Journal, National Review Online, and Discourse Magazine.
He received his Ph.D. in economics from George Mason University and his AB in economics and political science from the College of the Holy Cross.
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A Dangerous Gambit | City Journal
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Wall Street Slumps and Worrying Signs | News Nightly
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Federal Reserve Should Let Exchange Rates Float | Discourse
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Money Supply and Inflation: How They Relate | AIER’s “Econception”
- | Regulation Regulation
- | Expert Commentary Expert Commentary
What We Would Ask Chair Powell at This Week’s Congressional Hearings | FinRegRag
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
How To Stop Mission Creep at the Federal Reserve | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Instead of More Political Control, the Fed Needs More Rules and Transparency | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Trump’s Dollar-devaluation Scheme Is a Bad Idea | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation’s Last-mile Problem | City Journal
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A Dangerous Gambit | City Journal
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Wall Street Slumps and Worrying Signs | News Nightly
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Federal Reserve Should Let Exchange Rates Float | Discourse
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Money Supply and Inflation: How They Relate | AIER’s “Econception”
- | Regulation Regulation
- | Expert Commentary Expert Commentary
What We Would Ask Chair Powell at This Week’s Congressional Hearings | FinRegRag
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
How To Stop Mission Creep at the Federal Reserve | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Instead of More Political Control, the Fed Needs More Rules and Transparency | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Trump’s Dollar-devaluation Scheme Is a Bad Idea | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation’s Last-mile Problem | City Journal
Latest Work
Latest Work
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
What’s the Difference Between the CPI and the PPI? | Marketplace Radio
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
CPI Inflation and the Broader Economy | American Ag Network
- | Monetary Policy Monetary Policy
- | Radio Appearance Radio Appearance
CPI Numbers | American Radio Journal
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Skyrocketing National Debt | American Radio Journal
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
The Failure of SVB | American Radio Journal
- | 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.

Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation’s Last-mile Problem | City Journal
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Fed Should Keep Shrinking Its Balance Sheet | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Inflation Wasn’t Transitory | City Journal
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Argentina’s Best Hope: Dollarization | City Journal
- | Expert Commentary Expert Commentary
Dollarization Might Be Just What Argentina Needs | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Solution to the Inflation-interpretation Debate | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why We Don’t Need To Tolerate Higher Inflation | Tribune News Service
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Legacy of Trailblazing Economist Robert Lucas | Discourse
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
It’s Time for the Fed to Take a Breath | National Review
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary