Monetary policy
The First Hundred Years of the University of Chicago’s Pathbreaking Work on Exchange Rates Economics
In a new paper, Sebastian Edwards details the numerous and varied contributions of University of Chicago faculty to exchange rates and monetary policy from 1892 to 1992.
How Trust in Institutions Impacts Monetary Policy
Social trust in democratic institutions affects the ability of those institutions to carry out policy. In new research, Rustam Jamilov shows how decreasing trust in the U.S. institutions has reduced the ability of the Federal Reserve to influence the economy in states that exhibit lower levels of trust.
International Policymaking Must Evolve
In this Q&A about his new book for ProMarket, Paul Tucker explains the changing global order and the need for academics, policymakers and the...
Antitrust Enforcement, Inflation and Corporate Greed: What do we know?
At a recent Centre for Economic Policy Research (CEPR) event, panelists, including the Stigler Center's own Luigi Zingales, reflected on the roles antitrust enforcement...
The Incoming Currency War
Four powerful forces—cryptocurrencies, the decoupling of geographical and monetary boundaries, ad-based digital platforms’ foray into the world of payments, and the value of data—are...
How Inequality Hurts the Economy and Complicates Policy Responses to the Pandemic
In the years leading up to the pandemic, rising inequality created a saving glut of the rich which pushed down interest rates and fueled...
What Schumpeter Can Teach Economists about the Great Recession
Ten years after Lehman Brothers’ failure, Schumpeter’s analysis of the Great Depression and his warnings to posterity are as timely as they are prophetic,...
