Deregulation as a Growth Engine: How Supply-Side Reforms Shape Monetary Policy
TL;DR Summary
Governor Miran argues that targeted deregulation expands the economy’s supply potential and boosts productivity, improving the transmission of monetary policy. Citing Greece’s crisis-era reforms and the US deregulation push, he suggests lower regulation can justify a more accommodative stance from the ECB and Fed, while acknowledging measurement challenges in gauging regulation’s macro effects and noting new tools indicate a shrinking regulatory burden.
- Speech by Governor Miran on regulations, the supply side, and monetary policy Federal Reserve Board (.gov)
- Fed’s Miran Says U.S. Deregulation Backs Easier Fed Stance The Wall Street Journal
- Fed Governor Miran Says Deregulation Could Justifying Lowering Interest Rates Barron's
- Fed's Miran says he's looking for rate cut of 150 basis points this year Reuters
- Fed’s Miran says more than full point of cuts needed in 2026 The Boston Globe
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