Economic Policy Working Group

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Analysis and Commentary

Redistribution and the Well-Being of the Poor

by Gary S. Beckervia Becker-Posner Blog
Sunday, December 29, 2013
Rice on America leading again
Analysis and Commentary

The Young, the Restless and Economic Growth

by Edward Paul Lazearvia Wall Street Journal
Sunday, December 22, 2013

Countries with a younger population have far higher rates of entrepreneurship.

Analysis and Commentary

5 Takeaways on How Bernanke Will Be Remembered

with John B. Taylor, Michael D. Bordovia Wall Street Journal
Thursday, December 19, 2013

Mark Gertler, John B. Taylor,  Mohamed El Erian, Michael Bordo,  and Lars E.O. Svensson on Bernanke.

Interviews

John Taylor on CNBC's "Squawk on the Street" (00:45)

with John B. Taylorvia Squawk on the Street (CNBC)
Wednesday, December 18, 2013

CNBC's Rick Santelli discusses the U.S. Treasury's move to auction $35 billion in 5-year Notes. And John Taylor, Stanford University professor of economics, weighs in on Fed policy and the likely outcome of exiting quantitative easing.

Interviews

John Taylor on PBS NewsHour (2:54)

with John B. Taylorvia PBS NewsHour
Wednesday, December 18, 2013
Analysis and Commentary

How Will the History Books Remember Ben Bernanke?

by John B. Taylorvia Wall Street Journal
Tuesday, December 17, 2013
The following short essay was written for the Wall Street Journal as part of a symposium in 
which five economists were asked this same question. 
Analysis and Commentary

How Will the History Books Remember Ben Bernanke?

by Michael D. Bordovia Wall Street Journal
Tuesday, December 17, 2013

The following short essay was written for the Wall Street Journal as part of a symposium in which five economists were asked this same question.

Analysis and Commentary

How to Control Entitlements, Especially Medicare

by Gary S. Beckervia Becker-Posner Blog
Monday, December 16, 2013
Interviews

John Taylor on The Kudlow Report Part I

with John B. Taylorvia Kudlow Report (CNBC)
Wednesday, December 11, 2013

Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate what is to blame for the housing bubble. Taylor says monetary impulse is a big factor.

Interviews

John Taylor on The Kudlow Report Part II

with John B. Taylorvia Kudlow Report (CNBC)
Tuesday, December 10, 2013

Former Federal Reserve chairman Alan Greenspan, and John Taylor, former U.S Treasury Undersecretary, debate short and long-term rates under Greenspan's Fed. There was a high correlation between short and long-term rates before 2003, defends Greenspan.

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
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

Meeting of the Resolution Project

Saturday, September 26, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

The group discussed the creation of a set of general criteria to apply to models of failure

Event

The Financial Crisis and the Economy

Tuesday, August 25, 2009

Guest Speaker: Chris Cox (Bingham McCutchen, LLP), former SEC Chairman

Event

New Resolution Project Planning Meeting

Tuesday, August 18, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building
The main purposes of this first meeting of the Resolution Project were (1) to define and discuss the 
overall scope of the project and (2) to begin exploring and documenting the current state of affairs. 
Event

Policy Seminar on the Role of Housing in the Financial Crisis

Friday, July 24, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Russell Roberts (Research Fellow, Hoover Institution, Professor of Economics, George Mason University)

Event

Meeting on the Treasury Proposal for Financial Reform

Monday, June 29, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building
The purpose of the June 29 meeting was to discuss the Obama Administration’s proposals for regulatory reform released on June 13.
Event

Policy Seminar on the Response to the Financial Crisis during 2008 from the Perspective of Inside the Treasury

Friday, May 22, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest speaker: Jim Wilkinson (The Brunswick Group, LLC), former Chief of Staff at the U.S. Treasury

Event

Workshop on the Future of Central Banking

Monday, March 30, 2009
Stauffer Auditorium

The financial crisis has given rise to numerous, large, and unprecedented actions by the Federal Reserve. At the time of our previous workshop on this topic last July, these actions included the Bear Stearns intervention, the new lending facilities for banks and primary dealers, and a decision to authorize the Fed to lend to Fannie Mae and Freddie Mac. Since then the list has expanded enormously to include the AIG intervention, the creation of a commercial paper funding facility, large loans to foreign central banks, and the purchase of assets backed by mortgages, credit card debt, and student loans. Recently the Treasury has proposed a large expansion of these purchases.

These developments raise important policy questions about the future of central banking policy. Many of the questions are best considered as part of a longer term overhaul of the financial regulatory structure including ways to reduce “the too big or too interconnected to fail” problem by creating new market mechanisms or alternative resolution systems. But there are also urgent policy issues to be addressed in the weeks and months ahead.

Event

Policy Seminar on the Mortgage Markets

Friday, February 27, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest speaker: Frank Nothaft (Chief Economist, Freddie Mac)

Event

Policy Seminar with Peter Fisher

Monday, January 26, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building
Policy Seminar with Peter Fisher 
Event

Policy Workshop on the Financial Crisis: Root Causes, Policy Evaluation, Next Steps

Wednesday, December 3, 2008

Distinguished guests included John Lipsky, first deputy managing director of the International Monetary Fund. For further details, click on the above link. 

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.