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Monetary Policy and the State of the Economy

featuring John B. Taylorvia The Committee on Financial Services, United States House of Representatives
Tuesday, February 11, 2014

Hoover Institution fellow John B. Taylor testified before the Committee on Financial Services, U.S. House of Representatives, on February 11, 2014.

Monetary Policy and the State of the Economy

by John B. Taylorvia Economics Working Papers
Tuesday, February 11, 2014

Economics Working Paper WP14107

Green Energy

For California's AB 32: Cap-and-Trade-and-Cash Back, Not Cap-and-Trade-and-Tax

by Jeremy Carl, David Fedorvia Analysis
Friday, February 7, 2014

The desire to protect the environment is a hallmark of the state and extends across the political spectrum. And given the environmental risk posed by global climate change, efforts to reduce the state’s greenhouse gas (GHG) emissions and act as a model for jurisdictions elsewhere have now become a major part of California’s energy policy agenda.

More Simplicity, Less Charisma: Improving the Effectiveness, Cost, and Fairness of California's Climate Agenda

by Jeremy Carl, David Fedorvia Analysis
Tuesday, February 4, 2014

California needs to embrace the right regulatory tools for the right environmental problems if it is to accomplish its stated goals to both cost effectively reduce its greenhouse gas emissions and act as a policy model for others.

Health care

Chen testifies to the House of Representatives on the Affordable Care Act

featuring Lanhee J. Chenvia U.S. House Committee on Ways and Means
Tuesday, January 28, 2014

On Tuesday, January 28, Hoover research fellow Lanhee J. Chen testified before the US House of Representatives Committee on Ways and Means, discussing the negative effects the Affordable Care Act (ACA) will have on labor and the economy.

Common Themes in Designs of Public Institutions for Fostering Innovation, Competition, and Finance

by F. Scott Kieff, Troy A. Paredesvia IP2 Working Paper Series
Wednesday, January 22, 2014

IP² Working Paper No. 14004 - The paper provides concrete examples of the themes that emerge from a review of the detailed design and implementation of particular legal systems (public institutions) intended to foster innovation, competition, and finance, such as intellectual property, 

Patenting in an Entrepreneurial Region during the Great Depression: The Case of Cleveland, Ohio

by Naomi R. Lamoreauxvia IP2 Working Paper Series
Wednesday, January 22, 2014

IP² Working Paper No. 14003 - Patenting is generally procyclical, so it is not surprising that patenting rates fell in the U.S. during the Great Depression. Behind the aggregate numbers, however, the patterns are intriguing. This study is motivated by the observation that the decline in patenting was steeper in the Midwestern manufacturing belt than it was in the Middle Atlantic. 

Financial Innovation and Endogenous Growth

by Ross Levine, Stelios Michalopoulos, Luc Laevenvia IP2 Working Paper Series
Tuesday, January 21, 2014

IP² Working Paper No. 14002 - We model technological and financial innovation as reflecting the decisions of profit-maximizing agents and explore the implications for economic growth. We start with a Schumpeterian model where entrepreneurs earn profits by inventing better goods and financiers arise to screen entrepreneurs. A novel feature of our model is that financiers also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective processes for screening entrepreneurs. 

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Analysis by Hoover's fellows and affiliated scholars in newspapers, journals, blogs, and broadcast media.