Does Monetary Policy Matter?
Monetary economists believe that the growth rate of the money supply is an important determinant of short-run economic outcomes. Good...
Thomas L. Hogan
Financial Regulators Ignore the Costs of Regulation
The U.S. financial regulatory agencies are tasked with stabilizing the financial system. They pursue this mission by monitoring the operations...
Despite Fed Asset Purchases, Lending Remains Depressed
Economists from across the political divide are worried about inflation. In May, Lawrence Summers warned about the increasing risk of...
How the Fed Can Improve Financial Stability and Reduce Inequality
One of the most important economic questions facing President Biden is whom to appoint as chair of the Federal Reserve....
Not Smart Financial Regulation
On July 1st, a new regulation for large U.S. banks, the Net Stable Funding Ratio (NSFR), went into effect. This...
Is Inflation Below the Fed’s Target? Yes and No.
Economists from both the political left and right are worried about inflation. The most recent data from the Bureau of...
Did the Fed Just Raise Interest Rates?
The Federal Open Market Committee (FOMC) met this week to decide the stance of the Federal Reserve’s monetary policy. In...
Is the Fed Paying Banks Not to Lend?
The Federal Reserve has added $2.6 trillion to the US economy since the start of 2020. These actions, along with...
