Economic Policy Working Group

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Central Bank Governance And Oversight Reform

via Books by Hoover Fellows
Wednesday, May 4, 2016

Edited by John Cochrane and John Taylor. A group of distinguished scholars and policy makers discuss key questions about Federal Reserve decision making, oversight, and governance, both internal and external.

The Habit Habit

by John H. Cochrane via Economics Working Papers
Sunday, March 27, 2016

Economics Working Paper WP16105

Featured

A New Tool For Avoiding Big-Bank Failures: ‘Chapter 14’

by Emily C. Kapur, John B. Taylorvia Wall Street Journal
Thursday, March 10, 2016

Bernie Sanders is right, Dodd-Frank doesn’t work, but his solution is wrong. Here’s what would work.

Karl Brunner, Scholar: An Appreciation

by Allan H. Meltzervia Economics Working Papers
Sunday, December 13, 2015

Economics Working Paper WP15116

Pages

About

The Working Group on Economic Policy brings together experts on economic and financial policy at the Hoover Institution to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals. Read more...

Events

Archive of Working Papers on Economic Policy

Speeches and Testimony

John B. Taylor

Books

Media

Policy Seminar with Raghuram Rajan

Tuesday, June 20, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth, former Governor of the Reserve Bank of India, and former Chief Economist and Director of Research at the International Monetary Fund, discussed “What Explains the Rise of Populist Nationalism? Some Speculative Thoughts.”

Event

Policy Seminar with Stephen Haber

Wednesday, May 24, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Stephen Haber, Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences at Stanford University, discussed “The Ecological Origins of Economic and Political Systems.”

Event
Featured

Debate On Monetary Policy And Interest Rates

Tuesday, May 16, 2017
Landau Economic Building, Stanford University

On May 6 the Hoover Institution and the Stanford Institute for Economic Policy Research (SIEPR) held a debate on one of the biggest question for monetary policy and financial markets today: Whether the interest rate set by the Fed and other central banks has drifted to a new low level and whether it will stay there for years to come. If there has been a shift some argue that the Fed should be prepared for new bouts of unconventional monetary policy and perhaps even raise its target for inflation. If not then monetary policy can return to the assumptions that existed before the global financial crisis. 

News

Policy Seminar with Paul Gregory

Tuesday, May 16, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Paul Gregory, Hoover visiting fellow, endowed professor in the Department of Economics at the University of Houston, Texas, and research professor at the German Institute for Economic Research in Berlin, discussed “Russia’s Double Dip Recession.”

Event
Featured

The Structural Foundations Of Monetary Policy: A Policy Conference

Thursday, May 4, 2017 to Friday, May 5, 2017
Hoover Institution, Stanford University

The conference will address the big issues in the structure of monetary policy.

Event

Policy Seminar with Michael Boskin

Tuesday, May 2, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Michael Boskin, Senior Fellow at the Hoover Institution and T. M. Friedman Professor of Economics at Stanford University, discussed “Why Is Social Security So Hard to Reform and What Can Be Done About It?”

Event

Policy Seminar with Dan Kessler

Thursday, April 27, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Dan Kessler, Keith and Jan Hurlbut Senior Fellow at the Hoover Institution and Professor at the Graduate School of Business, Stanford University, discussed “Health Reform: Where Do We Go from Here.” 

Event

Policy Seminar with Sir John Vickers

Tuesday, March 21, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Sir John Vickers, Warden of All Souls College, University of Oxford, presented “Banking Reform in the UK.” 

Event

Policy Seminar with Lawrence Summers

Monday, March 6, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Lawrence Summers, President Emeritus and Charles W. Eliot University Professor at Harvard University, and former U.S. treasury secretary, talked about “Responsible Nationalism.” 

Event

Policy Seminar with Jonathan Meer

Wednesday, February 22, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Jonathan Meer, Associate Professor of Economics at Texas A&M University, discussed the topic “Recent Research on the Minimum Wage.” Classical models of labor markets suggest that the minimum wage should reduce employment. 

Event

Pages

The Working Group on Economic Policy brings together experts on economic and financial policy at the Hoover Institution to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

 

For twenty-five years starting in the early 1980s, the United States economy experienced an unprecedented economic boom. Economic expansions were stronger and longer than in the past. Recessions were shorter, shallower, and less frequent. GDP doubled and household net worth increased by 250 percent in real terms. Forty-seven million jobs were created.

This quarter-century boom strengthened as its length increased. Productivity growth surged by one full percentage point per year in the United States, creating an additional $9 trillion of goods and services that would never have existed. And the long boom went global with emerging market countries from Asia to Latin America to Africa experiencing the enormous improvements in both economic growth and economic stability.

Economic policies that place greater reliance on the principles of free markets, price stability, and flexibility have been the key to these successes. Recently, however, several powerful new economic forces have begun to change the economic landscape, and these principles are being challenged with far reaching implications for U.S. economic policy, both domestic and international. A financial crisis flared up in 2007 and turned into a severe panic in 2008 leading to the Great Recession. How we interpret and react to these forces—and in particular whether proven policy principles prevail going forward—will determine whether strong economic growth and stability returns and again continues to spread and improve more people’s lives or whether the economy stalls and stagnates.

Our Working Group organizes seminars and conferences, prepares policy papers and other publications, and serves as a resource for policymakers and interested members of the public.

 


Contacts

For general questions about the Working Group, please contact John Taylor or his assistant Marie-Christine Slakey at (650) 723-9677. For media inquiries, please contact our office of public affairs.