Ronald Mau is an assistant professor of economics at the University of Mississippi. He is broadly interested in the impact of monetary policy on the financial sector in the United States. His work focuses on the impact of Federal Reserve asset purchases, a prominent feature of US monetary policy for the past decade, on lending rates. Asset purchases change household demand for debt-financed expenditures. His work also addresses how this interaction of monetary policy and finance affects standard macroeconomic results related to fiscal policy and asset purchases’ impact on household inequality.