Economic Policy Working Group

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Analysis and Commentary

Why Still No Real Jobs Takeoff?

by John B. Taylorvia Economics One
Friday, March 7, 2014

For each month of this recovery, I've been tracking the change in the employment-to-population ratio and comparing it with the recovery from the previous deep recession in the 1980s.  Here is the l...

Analysis and Commentary

The 2014 G20 Growth Agenda and the 2003 G7 Agenda for Growth

by John B. Taylorvia Economics One
Friday, March 7, 2014

At their meeting in Sydney last month the G20 announced a promising new “G20 Growth Agenda.” They centered the initiative on a goal of raising real GDP by over $2 trillion (see communique paragraph...

Analysis and Commentary

The Embargo of Cuba: Time to Go

by Gary S. Beckervia Becker-Posner Blog
Monday, March 3, 2014

The US embargo of Cuba began in 1960, a year after Fidel Castro turned this island toward communism. It was extended to food and medicines in 1962, the same year as the showdown with Russia over the installation of missiles there. The embargo has prevented American companies from doing business with Cuba, and discouraged tourism to Cuba. The American government also tried with quite limited success to prevent other countries from trading with Cuba.

Analysis and Commentary

Why It’s Hard to Make the Unpopular Stimulus Look Good

by John B. Taylorvia Economics One
Friday, February 28, 2014

Some columnists have been using the 5-year anniversary of the 2009 discretionary fiscal stimulus package to claim that it worked to jump-start the economy.  It’s a tough case to make.  The very wor...

Analysis and Commentary

A Small Step Toward Monetary “Coordination” at the G-20?

by John B. Taylorvia Economics One
Monday, February 24, 2014

This weekend’s G-20 statement reiterated the concerns—largely coming from emerging market countries—about unconventional monetary policies (UMP). But the language of the central bankers and finance...

Analysis and Commentary

Why Marijuana Should be Decriminalized

by Gary S. Beckervia Becker-Posner Blog
Sunday, February 23, 2014
Analysis and Commentary

Next Time Remember the Lessons from Stimulus Packages

by John B. Taylorvia Economics One
Monday, February 17, 2014

It's the five-year anniversary of the 2009 stimulus package. I've done a slew of empirical research on the stimulus in those years from predicting in advance that its impact would be small to estim...

Interviews

John Taylor on The Larry Kudlow Show (78:28)

via The Larry Kudlow Show
Saturday, February 15, 2014
Analysis and Commentary

Obama and the IMF Are Unhappy With Congress? Good

by John B. Taylorvia Wall Street Journal
Thursday, February 13, 2014

The $1.1 trillion spending bill signed into law by President Obama last month did not include a crucial change in the U.S. financial contribution to the International Monetary Fund.

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.

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
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

Policy seminar on the Eurozone Debt Crisis In Historical Perspective

Friday, March 4, 2011
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Lee Buchheit (partner at Clearly Gottlieb Steen & Hamilton LLP and specialist in sovereign debt restructurings)

Event

Policy seminar on Managing the Leverage Cycle

Friday, February 18, 2011
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: John Geanakoplos (Professor of Economics, Yale University and partner at Ellington Capital Management)

Event

Policy seminar on the Federal Reserve Actions During the Financial Crisis: An Introduction to Recently Published Data

Tuesday, January 25, 2011
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Brian Madigan (former Federal Reserve Director of the Division of Monetary Affairs and FOMC Secretary)

Event

Policy Seminar with Darrell Duffie

Friday, December 3, 2010
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Darrell Duffie (Professor of Finance at the Stanford GSB)

Event

Policy Seminar on Depression, Crises, and Economic Policy: The 1930s and Today

Monday, November 8, 2010
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Lee Ohanian (Professor of Economics, UCLA)

Event

Policy Seminar on Principles for Economic Revival

Thursday, October 21, 2010

Guest Speakers: George Shultz, Michael Boskin, John Cogan, and John Taylor

Event

Policy Seminar on the Post-Socialist Transition in Comparative Perspective

Tuesday, October 19, 2010
Room 330, Herbert Hoover Memorial Building

Guest Speaker: Leszek Balcerowicz (former Finance Minister and Central Bank Governor of Poland)

Event

Policy Seminar on Who’s To Blame: What Should We Have Learned From the Financial Crisis So It Doesn’t Happened Again

Tuesday, September 28, 2010
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Richard Kovacevich (former Chairman and CEO of Wells Fargo & Co.)

Event

Policy Seminar on Perspectives on Budgeting in the US: Four Issues

Wednesday, September 8, 2010
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Barry Anderson (former Head of the Budgeting and Public Expenditures Division at the Organization for Economic Cooperation and Development (OECD))

Event

Policy Seminar on Politics and the Fed

Tuesday, July 27, 2010

Guest Speaker: Allan Meltzer (Visiting Fellow, Hoover Institution and Professor of Political Economy, Tepper School of Business, Carnegie Mellon University)

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.