Economic Policy Working Group

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Analysis and Commentary

The Global Stake in China’s Anti-Corruption Reform

by Michael J. Boskinvia Project Syndicate
Tuesday, September 10, 2013
Analysis and Commentary

Four Posts Within a Post Remembering 9/11

by John B. Taylorvia Economics One
Tuesday, September 10, 2013

Here are four posts recalling life in the U.S. Treasury on 9/11 and afterwards Flying Back to Treasury on 9/11: I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recen...

Analysis and Commentary

My Take on the Middle-Out View

by John B. Taylorvia Economics One
Monday, September 9, 2013

Here is my Wall Street Journal column.  If you're interested in the of path of incomes year by year, the chart below shows real income growth for the 90% and 10% income groups. The data come from E...

Analysis and Commentary

The Weak Recovery Explains Rising Inequality, Not Vice Versa

by John B. Taylorvia Wall Street Journal
Monday, September 9, 2013

Last year at this time a debate raged about whether economic growth and job creation has been abnormally slow compared with previous recoveries from recessions in the United States.

Analysis and Commentary

MacroMania on Nominal GDP Targeting and the Taylor Rule

by John B. Taylorvia Economics One
Sunday, September 8, 2013

David Andolfatto has a interesting technical piece on MacroMania called "Nominal GDP Targeting and the Taylor Rule" in which he derives a relationship between the two, following up on a point by Ch...

Analysis and Commentary

Toward Free Exchange Rather Than Capital Controls

by John B. Taylorvia Economics One
Thursday, September 5, 2013

In Capital Controls: Against the Tide, the Economist’s Free Exchange (R.A.) described this week how macroeconomists are getting more and more comfortable with the idea of capital controls. Unfortun...

Analysis and Commentary

Detecting the Source of Our Recent Poor Economic Performance

by John B. Taylorvia Economics One
Tuesday, September 3, 2013

I have been arguing that highly discretionary (versus rules-based) macro policy provides the best explanation for generally poor macroeconomic performance, such as recent years, in comparison with ...

Analysis and Commentary

Dynamic Competition and Anti Trust Policy

by Gary S. Beckervia Becker-Posner Blog
Monday, September 2, 2013
In the News

Press Club Panel Looks at State of Economy

with John B. Taylorvia Money News
Thursday, August 29, 2013

On Aug. 21, the National Press Club hosted a panel of three experts to discuss the state of the U.S. economy, moderated by Jennifer Schonberger of The Wall Street Report.

Analysis and Commentary

A Crisis May Be Worst Time to Deviate from Rules

by John B. Taylorvia Economics One
Thursday, August 29, 2013

In the Money interview with me which Melissa Francis posted yesterday she delved into two of my First Principles—the importance of the rule of law and rules-based policy—pointing out that many peop...

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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
Member
Wohlford Family Senior Fellow
Rose-Marie and Jack Anderson Senior Fellow
Leonard and Shirley Ely Senior Fellow
Senior Fellow
Senior Research Fellow
Buzz and Barbara McCoy Senior Fellow
Thomas W. and Susan B. Ford Distinguished Fellow

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.