Central banks in the developed world are using the wrong metric to measure price pressures and should instead use something called the "GDP deflator", three academics have written.

Hoover Institution fellow Allan Meltzer discusses new rules designed to contain the fallout from bank failures.

Featuring David Beckworth, Assistant Professor, Economics, Western Kentucky University; Visiting Scholar, Mercatus Center; Adjunct Scholar, Cato Institute; interviewed by Russ Roberts, Host, EconTalk; Research Fellow, Hoover Institution’s Washington branch.

The Monetary Policy Subcommittee of the House held a hearing yesterday on “Interest on Reserves and the Fed’s Balance Sheet,” a difficult, but important and timely subject as the Fed begins what it calls its normalization process, or its transition to normal monetary policy, in its Policy Normalization Principles and Plans.