Macroeconomic Stabilization Policy (Closed)

Through this program, we funded advocacy emphasizing the importance of employment effects from macroeconomic policy.

The Great Recession points to the large economic and humanitarian costs of business cycle downswings, while the U.S. experience of the coronavirus recession shows the power that strong policy responses can have. Yet historically, policymakers have often faced political pressure to emphasize the risks of inflation relative to the suffering and lost output caused by unemployment. 

From 2014 through early 2021, we focused on US macroeconomic policy, and funded advocacy to emphasize the importance of employment, along with research and policy analysis to create better options for fiscal and monetary policy in the future.

We no longer make grants in this area.