If a category $C$ has limits of a certain type, then the category of monads on $C$ has the same type of limits, and these limits are computed "levelwise" (i.e. are preserved by the forgetful functor from the category of monads on $C$ to the category of endofunctor on $C$).
I wonder if algebras for such limits have been studied somewhere ?
If I focus on product of monads for simplicity there seems to be some interesting to say:
Given $M$ and $N$ two monads on $C$ the monad $M \times N$ on $C$ can be seen as induced by the adjunction:
$$(M , N) : C \leftrightarrows M\text{-Alg} \times N\text{-Alg} : U \times U'$$
Where $U \times U'$ is the functor sending a pairs of algebra $(X,Y)$ to $U(X) \times U'(Y)$ where $U$ and $U'$ denotes the forgetful functors, and $(M,N)$ is the functor sending $X$ to the pair $(M(X),N(X))$.
This adjunction is unfortunately not always monadic, but it is often not very far from it. If I look at the simplest example: $C= Set$, $M=N=Id$, then I can prove by hand that a non-empty $Id \times Id$-Algebra is the same as a pair of non-empty sets, so that the category of $Id \times Id$-Algebra identifies with a the full subcategory of (Set $ \times $ Set) of pairs of sets such that one is empty if and only if the other is also empty.
I haven't check it in full details, but it seems there are many examples where the $(M \times N)-Algebras$ are really pairs of algebras. For example if $M$ and $N$ are monads on Set whose algebras are always non-empty.
Has this been studied somewhere in more detail ? Is there some assumptions under which we can describe algebra for some limits of monads in terms of algebras for the individual monads ?