Cato Institute

Balance Sheet Crises: Causes, Consequences, and Responses

Steven Gjerstad and Vernon L. Smith
September 6, 2013

In this essay in the CATO Journal, the authors argue that the balance sheet crises, in which the prices of widely held and highly leveraged assets collapse, pose distinctive economic challenges.

Avoiding the Next Crisis: Can Central Banks Learn?

Robert L. Hetzel
September 6, 2013

In this essay published in the CATO Journal, Robert Hetzel writes that any effort to avoid future recessions must rest on an organized way to learn from the past.

Should Policy Attempt to Avoid Financial Crises?

Jeffrey A. Miron
September 6, 2013

In this essay in the CATO Journal, Jeffrey Miron asks what our policy should be in fiscal "crisis."

The Fed Needs to Change Course

David Malpass
September 6, 2013

In this article published in the CATO Journal, David Malpass writes about the Federal Reserve’s monetary policy, examines its economic impact, and discusses possible exits.

The Conduct of Monetary Policy

Kevin Warsh
September 6, 2013

In this essay at the CATO Journal, Kevin M. Warsh writes that the Federal Reserve’s independence is essential to the conduct of monetary policy.

Fed Policy: Good Intentions, Risky Consequences

Charles I. Plosser
September 6, 2013

in this essay for the CATO Journal, Plosser argues that the last five years have been an extraordinary time for the global economy and monetary policymakers.

Monetary Policy during the Past 30 Years with Lessons for the Next 30 Years

John B. Taylor
September 6, 2013

This essay in the CATO Journal by John B. Taylor writes that, 

Economic Freedom of the World 2013

September 13, 2013

In this summary of economic freedom in the world, multiple authors state that global economic freedom increased modestly in this year's report, though it remains below its peak level of 6.92 in 200

Downsizing the Social Security Administration

Chris Edwards and Tad DeHaven
August 9, 2013

This document details the proposed cuts to the SSA.

Marijuana, Sex and Amsterdam

Jeffrey A. Miron
September 6, 2013

In an article that also appeared in Huffington Post on September 6, 2013, Jeffrey Miron writes in this commentary tha

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