Article
Does Monetary Policy Benefit Certain Households at the Expense of Others?
20 Dec ’21
Research in Focus — Monetary policy is expected to help all households in society. When households are diverse, and thus are affected by monetary policy differently, how can monetary policy help all of them?
Featured Work
Report
Monetary Policy Report: Using Rules for Benchmarking, December 2021
This special report highlights ongoing work to benchmark the stance of monetary policy using a range of policy rules that are widely employed in studies of monetary economics.
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Make-up Strategies for Monetary Policy
Economic Insights — We take a closer look at the Federal Reserve's new strategy to lessen the danger of persistently low inflation.
Working Paper
Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy
WP 12-21/R – We build a New Keynesian business-cycle model with rich household heterogeneity.