Economic Policy Working Group

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Original Sin and the Great Depression

by Michael D. Bordo, Christopher M. Meissnervia Economics Working Papers
Friday, April 24, 2020
Economics Working Paper 20101
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Strategies for Monetary Policy

via Hoover Institution Press
Thursday, April 23, 2020

Assesses possible practical ways in which we might refine our existing monetary policy framework to better achieve our dual-mandate goals of full employment and price stability on a sustained basis.

On the Importance of Household versus Firm Credit Frictions in the Great Recession

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia Economics Working Papers
Wednesday, April 1, 2020
Economics Working Paper 20110

Choose Economic Freedom: Enduring Policy Lessons from the 1970s and 1980s

by George P. Shultz, John B. Taylor featuring Milton Friedmanvia Hoover Institution Press
Sunday, March 1, 2020

What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically-popular government interventions—be they from Democrats or Republicans—as a recipe for success.

The Value of Government Debt

by John H. Cochranevia Economics Working Papers
Tuesday, February 25, 2020
Economics Working Paper 20107



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...


Archive of Working Papers on Economic Policy

Speeches and Testimony

John B. Taylor



George P. Shultz Senior Fellow in Economics
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

Policy Seminar with Jay Bhattacharya

Tuesday, April 28, 2020
Virtual Meeting

Jay Bhattacharya, Professor of Medicine and Core faculty member at the Center for Health Policy and the Center for Primary Care and Outcomes Research, discussed his paper “COVID-19 Antibody Seroprevalence in Santa Clara County.”


Policy Seminar with Jacquelyn Schneider

Thursday, April 23, 2020
Virtual Meeting

Jacquelyn Schneider, Hoover Fellow at the Hoover Institution, discussed “A No-First-Use Cyber Policy? The Solution to the U.S. Two Threshold Cyber Strategy Problem.”

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Policy Seminar with Steve Davis

Wednesday, April 15, 2020
Virtual Meeting

Steven Davis, Senior Fellow at the Hoover Institution, Professor of International Business and Economics at the University of Chicago, and Co-Founder and Research Director of Economic Policy Uncertainty, discussed his recent research on “Measuring and Combatting the Negative Economic Impacts of Coronavirus.”


Policy Seminar with Josh Rauh

Wednesday, April 8, 2020
Virtual Meeting

On April 8, 2020, Josh D. Rauh presented on “The Fiscal Policy Response to the Coronavirus and What We've Learned” at a virtual meeting of the Hoover Working Group on Economic Policy. 


Policy Seminar with Matteo Maggiori

Wednesday, March 4, 2020
Annenberg Conference Room, HHMB 160

Matteo Maggiori, Associate Professor of Finance at the Stanford Graduate School of Business, discussed his paper on “Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens.” 


Policy Seminar with Michael Bordo

Thursday, February 20, 2020
Annenberg Conference Room, HHMB 160

Michael Bordo, Distinguished Visiting Fellow at the Hoover Institution, and Board of Governors Professor of Economics and director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey, discussed his paper on “Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy.”


Policy Seminar with Peter Arcidiacono

Thursday, February 13, 2020
Lou Henry Hoover Building, Room 101

Peter Arcidiacono, Professor of Economics at Duke University, discussed his paper on “Legacy and Athlete Preferences at Harvard.”


Policy Seminar with Amanda Kowalski

Wednesday, February 5, 2020
Lou Henry Hoover Building, Room 101

Amanda Kowalski, the Gail Wilensky Professor of Applied Economics and Public Policy at the University of Michigan Department of Economics, discussed her research on "Advancing Analysis of Clinical Trials to Target Treatments and Save Lives."


Policy Seminar with Rick Hanushek and Ludger Woessmann

Wednesday, December 11, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Eric Hanushek, the Paul and Jean Hanna Senior Fellow at Hoover, and member of the Hoover Education Success Initiative, and Ludger Woessmann, Distinguished Visiting Fellow at Hoover and Professor of Economics at the University of Munich, discussed their paper “Closing the SES Achievement Gap: Trends in the U.S. Student Performance.”


Policy Seminar with Anil Kashyap

Wednesday, November 6, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Ramin Toloui, Professor of the Practice of International Finance and the Tad and Dianne Taube Policy Fellow at the Stanford Institute for Economic Policy Research (SIEPR), and former Assistant Secretary for International Finance at the U.S. Treasury Department, discussed “How Did QE Really Work? A New Approach to Measuring the Federal Reserve’s Impact on Financial Markets during 2010-2018.”



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



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.