Economic Policy Working Group

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Analysis and Commentary

Central banks are losing credibility

by John B. Taylorvia Financial Times
Tuesday, May 11, 2010

Whether or not one believes that the €750bn European rescue plan will stabilise financial markets, its consequences for Europe’s economies are surely negative...

Analysis and Commentary

Time to Junk the Corporate Tax

by Michael J. Boskinvia Wall Street Journal
Thursday, May 6, 2010

Nobel Laureate Robert Lucas says reform would deliver great benefits at little cost, making it "the largest genuinely true free lunch I have seen...'

Analysis and CommentaryBlank Section (Placeholder)

How to Avoid a 'Bailout Bill'

by John B. Taylorvia Wall Street Journal
Monday, May 3, 2010

A new bankruptcy process is the right way to deal with failing financial institutions.

Why is Health Reform So Difficult?

by David Brady, Daniel P. Kesslervia Economics Working Papers
Thursday, April 1, 2010

Economics Working Paper WP10103

An Exit Rule for Monetary Policy

featuring John B. Taylorvia Committee on Financial Services, U.S. House of Representatives
Thursday, March 25, 2010

Hoover Institution fellow John B. Taylor testified before the Committee on Financial Services, U.S. House of Representatives, on March 25, 2010.

Analysis and Commentary

New Tremors in Global Finance and Trade

by Michael J. Boskinvia Project Syndicate
Tuesday, March 23, 2010

With the American and global economies in the early stages of post-recession recovery, serious questions remain about that recovery’s strength and sustainability. . . .

Ending Government Bailouts As We Know Them image cover

Ending Government Bailouts As We Know Them

by Nicholas F. Brady, Darrell Duffie, Joseph A. Grundfest, Richard J. Herring, Thomas M. Hoenig, Thomas Jackson, William F. Kroener III, Charles S. Morris, Kenneth E. Scott, George P. Shultz, Kenneth Spong, Johannes Stroebel, Kimberly Anne Summe, John B. Taylor, Paul Volckervia Hoover Institution Press
Monday, March 15, 2010

The American people are clearly upset about the massive government bailouts of faltering organizations and the consequent commitment of taxpayer dollars-as well as the heavy involvement of the federal government in private sector activities.

Politics and the Fed

by Allan H. Meltzervia Economics Working Papers
Monday, March 1, 2010

Economics Working Paper WP10102

Lessons from the Financial Crisis for Monetary Policy in Emerging Markets

featuring John B. Taylorvia Analysis
Wednesday, February 24, 2010
L. K. Jha Memorial Lecture 
Platinum Jubilee Celebration 
Reserve Bank of India, Mumbai 
Stock Markets
Analysis and Commentary

In Defense of Financial Speculation

by Darrell Duffievia Wall Street Journal
Wednesday, February 24, 2010

George Soros, Washington Democratic Sen. Maria Cantwell and others are proposing to curb speculative trading and even outlaw it in credit default swap (CDS) markets. . . .



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
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



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.