Economic Policy Working Group

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In the News

Free Markets Remain Our Best Friends

quoting John B. Taylor, John H. Cochranevia Go Upstate
Tuesday, January 13, 2015

For most of his six years in office, President Barack Obama utilized virtually every means a Keynesian imagination can cook up to give us the worst economic recovery since World War II.

Requirements for Policy Rules for the Fed

by John B. Taylorvia Economics Working Papers
Friday, December 19, 2014

Economics Working Paper WP14111

Analysis and Commentary

A New Fed Centennial Volume with a Twist

by John B. Taylorvia Economics One
Monday, December 1, 2014

As the two year centennial of the founding of the Fed in 1913-14 draws to a close this month, a new centennial volume, Frameworks for Central Banking in the Next Century, is being published as a special issue of the Journal of Economic Dynamics and Control.

Analysis and Commentary

The Next Trade Breakthroughs

by Michael J. Boskinvia Project Syndicate
Tuesday, November 18, 2014

STANFORD – Economic news is grim all around the world. This year’s output growth has been disappointing, and the International Monetary Fund expects only a slight improvement in 2015.

Across the Great Divide: New Perspectives on the Financial Crisis
In the News

Brookings and Hoover Institutions collaborate on account of causes and effects of financial crisis in Across the Great Divide

featuring John B. Taylorvia Bradley Foundation
Tuesday, November 11, 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.

In the News

The guilty men

quoting John B. Taylorvia Economist
Thursday, November 6, 2014

WHO was to blame for the great financial crisis? How effective was the response of the authorities? And how can we stop it happening again? Those questions are at the heart of a fascinating new book of essays by prominent economists and regulators, well-worth reading by anyone with an interest in such topics, and free to download from the Hoover Institution.

Across the Great Divide: New Perspectives on the Financial Crisis
Books

Across the Great Divide: New Perspectives on the Financial Crisis

via Hoover Institution 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.

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

Chair
George P. Shultz Senior Fellow in Economics
Participants
Wohlford Family Senior Fellow
Rose-Marie and Jack Anderson Senior Fellow
Leonard and Shirley Ely Senior Fellow
Senior Fellow
Senior Research Fellow
Thomas W. and Susan B. Ford Distinguished Fellow
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

Policy Seminar with Bob Hall

Thursday, April 24, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Bob Hall, Hoover Institution Senior Fellow and Professor of Economics, discusses quantifying the lasting harm to the U.S. Economy from the financial crisis.

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

James Ellis, retired 4-star United States admiral and former chief executive officer of the Institute of Nuclear Power Operations (INPO), explained how INPO became an effective industry regulator and then led the assembled working group in a discussion of how regulation in the financial sector could be improved, based on INPO’s regulatory model.

Event

Policy Seminar on “Obamacare and Labor Markets”

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

Casey Mulligan, professor at the University of Chicago, discussed his work on the Affordable Care Act (i.e. ACA/“Obamacare”) and labor markets.

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

Policy Seminar on the Affordable Care Act Rollout and Its Effects on the Health Care and the Economy

Monday, December 16, 2013
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speakers: Jay Bhattacharya (Associate Professor of Medicine, Stanford University), John Cogan (Hoover Institution Senior Fellow and Professor of Public Policy), Alain Enthoven (Professor of Public Policy and Private Management, Emeritus and CHP/PCOR Core Faculty Member), Dan Kessler (Hoover Institution Senior Fellow, Professor, Stanford GSB and Stanford Law School, and by courtesy, of health research and policy in the Stanford School of Medicine)

Event

The US Financial System—Five Years after the Crisis

Tuesday, October 1, 2013
Simulcast from Washington, DC, and Stanford, California

Joint Conference of the Brookings Institution and the Hoover Institution: 

Event

Policy Seminar on “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It”

Monday, May 20, 2013
Room 130, Herbert Hoover Memorial Building

Guest Speaker: Anat Admati (Professor of Finance and Economics at the Stanford Graduate School of Business)

Event

Policy Seminar on the Redistribution Recession: How Labor Market Distortions Contracted the Economy.

Friday, April 26, 2013
George Shultz Conference Room, Herbert Hoover Memorial Building

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

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.

 

Working Group Meeting - March 9, 2018
Working Group Meeting - March 9, 2018

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.

Working Group Meeting - April 9, 2008
Working Group Meeting - April 9, 2008

 


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.