Cato Journal

Cato Journal is America’s leading free‐​market public policy journal. Every issue is a valuable resource for scholars concerned with questions of public policy, yet it is written and edited to be accessible to the interested lay reader. Clive Crook of The Economist has called it “the most consistently interesting and provocative journal of its kind.”

Cato Journal’s stable of writers constitutes a veritable Who’s Who in business, government, and academia. Recent contributors include James M. Buchanan, Richard Epstein, Ben Bernanke, Robert Higgs, Václav Klaus, Justin Yifu Lin, Allan H. Meltzer, Charles Murray, William Niskanen, Douglass C. North, José Piñera, Anna J. Schwartz, John B. Taylor, and Lawrence H. White.

Cato Journal Vol. 39 No. 3

Fall 2019

The new edition of the Cato Journal tackles a range of timely topics—from Modern Monetary Theory, to the Supreme Court’s shifting stance on executive authority, to the politicization of the Federal Reserve, to the myths surrounding the meaning of an “optimal” top tax rate.

Cato Journal Fall 2019 Cover
Cato Journal Vol. 39 No. 2

Spring/​Summer 2019

In the new issue of Cato Journal, authors from Cato’s 36th Annual Monetary Conference present an in‐​depth view of the Fed’s new operating system, assess global financial stability and the role of central banks, consider the lessons learned from the past decade of monetary experiments, and suggest how the monetary regime could be improved and financial systems made more stable.

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Cato Journal Vol. 38 No. 2

Spring/​Summer 2018

There will be many challenges as the Federal Reserve and other major central banks exit their unconventional monetary policies and normalize their balance sheets. Ultra‐​low interest rates, quantitative easing, and forward guidance have increased risk taking and pumped up asset prices. Rising volatility in global stock markets reflect, in part, the uncertainty of future monetary policy. In the new issue of Cato Journal, authors focus on four major issues: (1) the case for a rules‐​based international monetary system, (2) normalizing monetary policy, (3) the future of currency, and (4) the future of China in the global monetary system.

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Cato Journal Vol. 37 No. 3

Fall 2017

Immigration was the most distinctive policy issue debated in the 2016 presidential election. The issue dominated the election in sharp contrast to every other election in U.S. history, where it was generally a minor concern. The new issue of Cato Journal, devoted completely to the economics of immigration, brings together leading scholars on the issue. Our hope is that this research will help cool some of the emotions and shed light on the facts of this important policy debate.
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Cato Journal Vol. 36 No. 2

Spring/​Summer 2016

Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro‐​prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra‐​low interest rates and preferential credit allocation.
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Cato Journal Vol. 36 No. 1

Winter 2016

A new, special issue of the Cato Journal considers the unintended consequences of government intervention by examining a number of public policies ranging from occupational licensing to the War on Poverty to the minimum wage and public education.

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