Carola Binder is a senior fellow at the Civitas Institute. A macroeconomist and economic historian, her research focuses on monetary policy and inflation expectations in the U.S. economy. She is the author of Shock Values: Prices and Inflation in American Democracy (University of Chicago Press, 2024) in which she explains how inflation and deflation fears shape American democracy. She is a research associate in the monetary economics program at the National Bureau of Economics Research, a non-resident scholar at Brookings, and a senior affiliated scholar at the Mercatus Center. Before joining the School of Civic Leadership, she taught at Haverford College.

Binder is an associate editor at the Journal of Money, Credit, and Banking. She received her Ph.D. from the University of California, Berkeley.