The Fed and Monetary Policy

Monetary disturbances have been either a major cause of or a key accentuating factor in business fluctuations. Maintaining a money of stable value through institutional reform would be socially beneficial. It is time to recognize the limits of activist monetary policy and to focus on long-run price stability as the Fed’s primary objective.

Commentary

The Federal Reserve Could Once Push Back Against Big Spending Projects like the Green New Deal. Not Anymore.

By George Selgin. Washington Post. February 20, 2019.

The Fed Tightens the Monetary Noose

By Steve H. Hanke. Forbes.com. December 19, 2018.

The Big, Fat Fed Has Diet Problems

By George Selgin. The Hill (Online). November 1, 2018.

More Commentary

Cato Studies

Should Governments Restrict Cash?

By Jeffrey Rogers Hummel. Policy Analysis No. 855. November 14, 2018.

The Impact of the Dodd-Frank Act on Small Business

By Michael D. Bordo and John V. Duca. Research Briefs in Economic Policy No. 129. September 5, 2018.

Should Cryptocurrencies Be Regulated like Securities?

By Diego Zuluaga. CMFA Briefing Paper No. 1. June 25, 2018.

More Cato Studies

Articles

The Mortgage Interest Deduction Must Go

Ike Brannon. Bloomberg BNA: Daily Tax Report. November 1, 2017.

Fed Policy Is Too Light

Steve H. Hanke. The International Economy. Spring 2015.

The Productivity Gap: Monetary Policy, the Subprime Boom, and the Post-2001 Productivity Surge

George Selgin, David Beckworth, and Berrak Bahadir. Journal of Policy Modeling. Vol. 37. No. 2. March 2015.

Public Filings

Re: Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments: Docket No. OP–1625

By George Selgin. Public Comments. December 14, 2018.

A Further Examination of Federal Reserve Reform Proposals

By George Selgin. Testimony. January 10, 2018.

A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs

By John A. Allison. Testimony. April 26, 2017.

More Public Filings

Cato Reviews & Journals

The Fed and Lehman Brothers

Vern McKinley. Regulation. Winter 2018-2019.

Should Inflation Be Less than Zero?

Policy Report. September/October 2018.

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

Tyler Whirty. Cato Journal. Fall 2018.

More Reviews & Journals

Events

36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis

Featuring Peter Goettler, George Selgin, James A. Dorn, Lydia Mashburn, Rep. Jeb Hensarling, Phil Gramm, Claudio Borio, Josh Zumbrun, Stephen D. Williamson, Peter Ireland, Tobias Adrian, Vincent R. Reinhart, Ylan Mui, Michael D. Bordo, Joseph E. Gagnon, David Beckworth, John A. Allison, Jeffrey M. Lacker, Scott Sumner, & Jeffrey Frankel. November 15, 2018. Conference.

Fintech Unbound: The Cato Summit on Financial Regulation

Featuring Hester Peirce, Balaji Srinivasan, John Collins, Andrea O'Sullivan, Barry Wides, Ryan Zagone, Diego Zuluaga, Lydia Mashburn, Matthew Feeney, Louis Caditz-Peck, Jay Reinemann, Paul Watkins, Spencer Bogart, J.W. Verret, Hardeep Walia, Haimera Workie, & Gerald Tsai. September 12, 2018. Conference.

Should Cryptocurrencies Be Regulated like Securities?

Featuring Diego Zuluaga and Matt Weibel. July 24, 2018. Capitol Hill Briefing.