Economic Policy Working Group

Explore Research

Filter By:

Topic

Type

Author

Enter comma-separated ID numbers for authors
Across the Great Divide: New Perspectives on the Financial Crisis

Across the Great Divide: New Perspectives on the Financial Crisis

via Hoover Press
Saturday, November 1, 2014

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises.

Featured Commentary

Avoiding the Global Slowdown Blues

by Michael J. Boskinvia Wall Street Journal
Monday, October 27, 2014

Despite jitters about where the U.S. is headed, there are specific steps we can take to ensure even stronger growth.

Featured Commentary

Across the Great Divide: New Perspectives on the Financial Crisis

by John B. Taylorvia Economics One
Wednesday, October 1, 2014

A year ago today, the Hoover Institution and the Brookings Institution held an unusual joint conference on the financial crisis, where twenty-four economists and legal scholars reexamined the crisis, its effect on the US economy, and possible policy reforms. The participants were spread between two venues: Hoover at Stanford and Brookings in Washington.

Featured Commentary

Inequality Conference in Memory of Gary Becker at Stanford’s Hoover Institution

by John B. Taylorvia Economics One
Monday, September 29, 2014

Last Thursday and Friday the Hoover Institution at Stanford hosted a wonderful Conference on Inequality in Memory of Gary Becker. John Raisian and I opened the conference commenting on the appropriateness of both the venue and the topic: Gary spent a great deal of time doing research at Hoover over the years, and he began diagnosing and recommending policy solutions to inequality problems decades ago, long before the current explosion of popular interest.

Interviews

John Taylor on CNBC

interview with John B. Taylorvia CNBC
Wednesday, September 10, 2014

Senior Fellow John Taylor discusses his recent MOOC on CNBC.

Blogs

NICE-Squared (Or TWICE NICE)

by John B. Taylorvia EconomicsOne
Wednesday, September 3, 2014

Due to previous commitments in Hong Kong I could not attend today’s Bretton Woods: The Founders and the Future conference in New Hampshire, but I was invited to speak via video. Here is the text of my remarks.

Blogs

Family Economics and Macro Behavior at a Gary Becker Memorial

by John B. Taylorvia EconomicsOne
Tuesday, September 2, 2014

Kevin Murphy and I were invited to speak at a memorial session for Gary Becker at the Mont Pelerin Society meetings in Hong Kong yesterday.  My remarks focused on the time Gary spent each year at the Hoover Institution and on his foray into presidential politics, much like I wrote in this post, but I also was asked to delve into macro which is quite interesting.

Featured Commentary

A New Twist in Online Learning at Stanford

by John B. Taylorvia Wall Street Journal
Monday, September 1, 2014

For years at Stanford I've taught Econ 1, one of the university's most popular courses that covers the basics of economics. I usually teach in a large lecture hall filled with hundreds of students, but this summer I tried something new. I gave an online-only version of the course, with a twist: It was offered to Stanford students for credit, as well as to the public.

Federal Reserve
Interviews

John Taylor on Reuters Insider (00:48)

interview with John B. Taylorvia Reuters Insider
Wednesday, August 27, 2014

Senior Fellow John Taylor discusses the Fed on Reuters Insider.

Interest Rates
Other Media

Stanford’s Taylor Says U.S. Rate Rise Will Help Emerging Markets

featuring John B. Taylorvia Bloomberg
Thursday, August 21, 2014

The phasing out of the U.S. Federal Reserve’s monetary stimulus will help emerging markets by ridding them of a source of turbulence, according to Stanford University Professor John Taylor.

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

Books

Media

Across the Great Divide: New Perspectives on the Financial Crisis

In Across the Great Divide: New Perspectives on the Financial Crisis, Taylor and Baily Bring Forth Differing Viewpoints to Examine the Financial Crisis of 2008 and How to Avoid Future Crises

Tuesday, October 28, 2014

The Hoover Institution Press and Brookings Institution today released Across the Great Divide: New Perspectives on the Financial Crisis, edited by Hoover Institution Senior Fellow John Taylor and Brookings Institution Senior Fellow Martin Neil Baily. 

Press Releases

Conference on Inequality in Memory of Gary Becker

Thursday, September 25, 2014 to Friday, September 26, 2014
Hoover Institution, Stanford University

This conference explores various measures of inequality and pose the question whether or not it is increasing.

Event

Policy Seminar on the European Approach to Bank Resolution and Bail-ins

Monday, August 25, 2014
Stanford

Policy Seminar on the European Approach to Bank Resolution and Bail-ins
Guest Speaker: Pierre-Henri Conac (Professor of Financial Markets Law at the University of Luxembourg and Member of the Securities and Markets Stakeholder Group (SMSG) of the European Securities and Markets Authority (ESMA))

Event
The impact of the cultural obstacles created by the euro’s implementation  is on

Policy Seminar on the economic situation in Europe

Tuesday, July 1, 2014

Policy Seminar on the economic situation in Europe
Guest Speaker: Fabrizio Saccomanni (former deputy governor of the Bank of Italy and former minister of economy and finances of Italy), and Volker Wieland (professor of monetary theory and policy at Goethe University of Frankfurt, the Willem Duisenberg Research Fellow at the European Central Bank, and member of the German Council for Economic Experts)

Event
Economic Growth Concept

Frameworks for Central Banking in the Next Century

Thursday, May 29, 2014 to Friday, May 30, 2014
Hoover Institution

The main unifying theme of the conference is that successful policy requires that central bankers’ decisions be based on clearly-understood rules—including legal limits, institutional structures, mandates, traditions, procedures, or formulas—and not solely on discretion. 

Event
The Lincoln Memorial is closed due to the federal government shutdown

Policy Seminar with Bob Hall

Thursday, April 24, 2014

Policy Seminar on “Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
Guest Speaker: Bob Hall (Hoover Institution Senior Fellow and Professor of Economics)

Event

Policy Seminar on “Possible Lessons for Economic and Financial Regulation Based on the Experience of INPO”

Monday, March 17, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Admiral James Ellis (retired 4-star United States admiral and former chief executive officer of the Institute of Nuclear Power Operations (INPO))

Event

Policy Seminar on “Obamacare and Labor Markets”

Wednesday, February 19, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Casey Mulligan (Professor in Economics and the College at the University of Chicago)

Event

Policy Seminar on “An Analysis of Current Monetary Policy”

Tuesday, February 11, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Jeffrey Lacker (President of the Federal Reserve Bank of Richmond)

Event

Symposium on Monetary Policy Reform

Monday, January 13, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Summary of Hoover' Economic Policy Meeting January 13, 2014
Guest Speakers: Michael Bordo, Allan Meltzer, George Shultz, and John Taylor

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.