Cato Journal

The Cato Journal—America’s leading free‐market public policy journal—ran from 1981 to 2021. Every issue is a valuable resource for scholars concerned with questions of public policy, yet written and edited to be accessible to the interested lay reader. Clive Crook of The Economist has called it “the most consistently interesting and provocative journal of its kind.”

The Cato Journal’s stable of writers include a veritable Who’s Who in business, government, and academia. Past contributors include James M. Buchanan, Richard Epstein, Ben Bernanke, Robert Higgs, Václav Klaus, Justin Yifu Lin, Allan H. Meltzer, Charles Murray, William Niskanen, Douglass C. North, José Piñera, Anna J. Schwartz, John B. Taylor, and Lawrence H. White.

120 results found

Cato Journal

Vol. 41 No. 3
Fall 2021
The Cato Institute has announced that the Fall 2021 edition of the Cato Journal, one of its longest‐running projects, will be the final publication. For more than forty years, the Cato Journal has provided clear analysis of the most significant policy challenges facing the country, and done so free of political favor to either side.
Cato Journal

Vol. 41 No. 2
Spring/Summer 2021
By considering potential benefits as well as possible risks of private and central bank digital currencies, the contributors to this volume improve our understanding of digital alternatives. In particular, a common thread throughout the journal is that one must be cognizant of the danger of centralizing digital currency in the hands of the state — especially the risks to monetary and financial stability, privacy, and freedom.
Cato Journal

Vol. 41 No. 1
Winter 2021
Featuring Modern Monetary Theory Meets Greece and Chicago by George S. Tavlas, Financial Development in Hong Kong and China: A Hayekian Perspective by Kam Hon Chu, U.S. Trade Policy toward China: Learning the Right Lessons by Scott Lincicome, and more.
Cato Journal

Vol. 40 No. 3
Fall 2020
The Fall 2020 issue of the Cato Journal covers several key topics in monetary policy: (1) the risk to the Federal Reserve’s independence and credibility as it drifts into fiscal policy; (2) the effectiveness of negative interest rates as a tool of monetary policy; (3) the impact of financial transactions taxes; and (4) the lessons that can be learned from the classical gold standard.
Cato Journal

Vol. 40 No. 2
Spring/Summer 2020
In the new issue of Cato Journal, authors from Cato’s 37th Annual Monetary Conference review how the Fed formulates, conducts, and communicates monetary policy.
Cato Journal

Vol. 40 No. 1
Winter 2020
In the new issue of Cato Journal, Cato scholars Simon Lester and Huan Zhu explore the U.S.-China economic conflict, from its origins to the trade war as it stands today, and offer their thoughts on where this conflict is heading. Also in this issue, Clifford F. Thies and Christopher F. Baum conduct a rigorous quantitative analysis of the effect of war on economic growth, and Timothy Sandefur discusses Frederick Douglass and the American Dream.
Cato Journal

Vol. 39 No. 3
Fall 2019
The new edition of the Cato Journal tackles a range of timely topics—from Modern Monetary Theory, to the Supreme Court’s shifting stance on executive authority, to the politicization of the Federal Reserve, to the myths surrounding the meaning of an “optimal” top tax rate.
Cato Journal

Vol. 39 No. 2
Spring/Summer 2019
In the new issue of Cato Journal, authors from Cato’s 36th Annual Monetary Conference present an in-depth view of the Fed’s new operating system, assess global financial stability and the role of central banks, consider the lessons learned from the past decade of monetary experiments, and suggest how the monetary regime could be improved and financial systems made more stable.
Cato Journal

Vol. 39 No. 1
Winter 2019
By James A. Dorn
Cato Journal

Vol. 38 No. 3
Fall 2018
By James A. Dorn
Cato Journal

Vol. 38 No. 2
Spring/Summer 2018
There will be many challenges as the Federal Reserve and other major central banks exit their unconventional monetary policies and normalize their balance sheets. Ultra-low interest rates, quantitative easing, and forward guidance have increased risk taking and pumped up asset prices. Rising volatility in global stock markets reflect, in part, the uncertainty of future monetary policy. In the new issue of Cato Journal, authors focus on four major issues: (1) the case for a rules-based international monetary system, (2) normalizing monetary policy, (3) the future of currency, and (4) the future of China in the global monetary system.
By James A. Dorn
Cato Journal

Vol. 38 No. 1
Winter 2018
Cato Journal

Vol. 37 No. 3
Fall 2017
Immigration was the most distinctive policy issue debated in the 2016 presidential election. The issue dominated the election in sharp contrast to every other election in U.S. history, where it was generally a minor concern. The new issue of Cato Journal, devoted completely to the economics of immigration, brings together leading scholars on the issue. Our hope is that this research will help cool some of the emotions and shed light on the facts of this important policy debate.
Cato Journal

Vol. 37 No. 2
Spring/Summer 2017
Cato Journal

Vol. 37 No. 1
Winter 2017