Economic Policy Working Group

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Interest Rates
Interviews

John Taylor on Squawk Box

interview with John B. Taylorvia CNBC - Squawk Box
Thursday, July 10, 2014

Senior Fellow John B. Taylor discussed monetary policy legislation on CNBC’s Squawk Box.

Federal Reserve
In the News

US House GOP Set To Give Fed 100th Birthday Political Spanking

mentioning John B. Taylorvia MNI News
Tuesday, July 8, 2014

The House Financial Services Committee's Republican majority is prepared to celebrate the Federal Reserve Board's 100th birthday with a political spanking of sorts, as the panel discusses legislation Thursday that requires the central bank to craft a monetary policy "rule" and adhere to it except under dire circumstances.

Economics Concept
Interviews

John Taylor on the John Batchelor Show

interview with John B. Taylorvia John Batchelor Show
Tuesday, July 8, 2014

Senior Fellow John Taylor discussed the economy on the John Batchelor Show, co-hosted by CNBC's Larry Kudlow.

Economics Abstract
Analysis and Commentary

New Legislation Requires Fed to Adopt Policy Rule

by John B. Taylorvia Economics One
Monday, July 7, 2014

A lot of research and experience shows that more predictable rules-based monetary policy leads to better economic performance—both in terms of price stability and steadier-stronger employment and output growth.  But in practice there have been big swings in Fed policy between rules and discretion, with damaging results as in the 1970s and the past decade of a financial crisis, great recession and slow recovery.  

The Federal Reserve
Interviews

John Taylor on the Larry Kudlow Show ( 83:33)

interview with John B. Taylorvia Larry Kudlow Show
Saturday, July 5, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on the Larry Kudlow Show.

Federal Reserve
Interviews

John Taylor on The Hays Advantage

interview with John B. Taylorvia Bloomberg Radio
Wednesday, July 2, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on Bloomberg Radio’s The Hays Advantage.

Federal Reserve
Interviews

John Taylor on the Santelli Exchange

interview with John B. Taylorvia CNBC
Monday, June 30, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on CNBC’s Santelli Exchange

Federal Reserve
Analysis and Commentary

The Fed Needs to Return to Monetary Rules

by John B. Taylorvia Wall Street Journal
Thursday, June 26, 2014

As the Federal Reserve's large-scale bond purchases wind down, financial markets and policy makers now are focused on when the Fed will move to increase interest rates.

Economics Abstract
Interviews

John Taylor on Squawk PreTrade

interview with John B. Taylorvia CNBC
Wednesday, June 25, 2014

Senior Fellow John Taylor discussed the Fed, Bank of England, and stimulus on CNBC Squawk PreTrade in London. 

an image
Analysis and Commentary

Stanford’s Economics 1 Now Coming Online

by John B. Taylorvia Economics One
Wednesday, June 18, 2014

I have been teaching economics at Stanford for many years. Economics 1 is one of my favorite courses, and it’s been one of the most popular courses at Stanford.

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 Dodd-Frank and the Future of Securities Regulation

Tuesday, October 16, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Troy Paredes (Commissioner of the U.S. Securities and Exchange Commission)

Event

Policy Seminar on Restraining Government Growth: Demographic and Procedural Hurdles

Tuesday, September 18, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: David Malpass (founder and president of Encima Global LLC, former Deputy Assistant Secretary of Treasury, Deputy Assistant Secretary of State, and Chief Economist at Bear Stearns)

Event

Policy Seminar on Foreclosure Delay and U.S. Unemployment

Thursday, August 9, 2012
Herbert Hoover Memorial Building, Room 330

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

Event

Policy Seminar with Agustín Carstens

Tuesday, August 7, 2012
Herbert Hoover Memorial Building, Room 130

Guest Speaker: Agustín Carstens (Governor of the Central Bank of Mexico and former Finance Minister of Mexico)

Event

Policy Workshop on the Cross-Border Resolution Policy: Issues & Options

Wednesday, July 25, 2012
Jon M. Huntsman Hall, University of Pennsylvania

Presenters: Kern Alexander, M.P. Azevedo, Rodgin Cohen, Darrell Duffie, Randall Guynn, Richard Herring, Tom Huertas, Eva Hüpkes, Thomas Jackson, Jan Krahnen, Harvey Miller, Roberta Romano, Daniel Ryan, David Schraa, John Simonson, David Skeel, David Wall, Peter Wallison

Event

Policy Seminar on the JP Morgan Loss and the Volcker Rule

Monday, June 18, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

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

Event

Meeting of the Working Group on Economic Policy

Wednesday, June 13, 2012

Guest Speakers: Michael Boskin, John Cogan, Allan Meltzer, George Shultz, John Taylor

Event

Policy Seminar on Fragile by Design: Banking Crises, Scarce Credit, and Political Bargains

Tuesday, June 12, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speakers: Charles Calomiris (Professor of Financial Institutions at the Columbia Business School) and Stephen Haber (Professor in the School of Humanities and Sciences at Stanford, and Senior Fellow at the Hoover Institution)

Event

Policy Seminar on the Evolution of U.S. Foreign-Exchange-Market Intervention: Thesis, Theory, and Institutions

Tuesday, May 29, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speakers: Michael Bordo (Hoover Institution National Fellow and Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, NJ), and Owen Humpage (Senior Economic Advisor at the Federal Reserve Bank of Cleveland)

Event

Policy Seminar on Recent Trends in Intergenerational Income Mobility: Data and Theories

Thursday, March 22, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: 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) and Gary Becker (Hoover Institution Senior Fellow and Professor of Economics and Sociology, 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.