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Great Decisions: America in the World: Session 3: Tsars, Trade, and T-Cells

interview with Michael McFaul, Lucy Shapiro, John B. Taylorvia Fellow Talks
Thursday, December 10, 2020

The session features Michael McFaul, Lucy Shapiro and John B. Taylor. Michael Auslin moderates the discussion on Tsars, Trade, and T-Cells.

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Do Enlarged Fiscal Deficits Cause inflation: The Historical Record

by Michael D. Bordo, Mickey D. Levyvia Economics Working Papers
Tuesday, November 24, 2020

Economics Working Paper 20124

Evolution of Modern Business Cycle Models: Accounting for the Great Recession

by Patrick J. Kehoe, Virgiliu Midrigan, Elena Pastorinovia Economics Working Papers
Friday, October 16, 2020

Economics Working Paper 20121

Elections, Political Polarization, and Economic Uncertainty

by Scott R. Baker, Aniket Baksy, Nicholas Bloom, Steven J. Davis, Jonathan Roddenvia Economics Working Papers
Friday, October 9, 2020

Economics Working Paper 20120

The Longer-Run Framework: A Look Ahead

with John C. Williams
Wednesday, October 7, 2020

Remarks at the Hoover Institution Monetary Policy Virtual Series: The Road Ahead for Central Banks (delivered via videoconference)

Firm-level Risk Exposures and Stock Returns in the Wake of COVID-19

by Steven J. Davis, Stephen Hansen, Cristhian Seminario-Amezvia Economics Working Papers
Monday, September 21, 2020

Economics Working Paper 20118

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
Participants

Policy Seminar with Edward Nelson

Wednesday, February 10, 2021
Virtual Meeting

Edward Nelson, Economist and Senior Adviser in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System, discussed his recent book Milton Friedman and Economic Debate in the United States: 1932-1972. John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Lawrence Schembri

Wednesday, February 3, 2021
Virtual Meeting

Lawrence Schembri, Deputy Governor at the Bank of Canada, discussed “ Enhancing Flexible Inflation Targeting: A Canadian Approach.” John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Agustín Carstens

Wednesday, January 27, 2021
Virtual Meeting

Agustín Carstens, General Manager at the Bank for International Settlements, discussed “Central Bank Digital Currencies and the Future of the Monetary System.” John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Athanasios Orphanides

Wednesday, January 20, 2021
Virtual Meeting

Athanasios Orphanides, Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management, discussed “Options for the ECB's Monetary Policy Strategy Review.” John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Richard Clarida

Wednesday, January 13, 2021
Virtual Meeting

Vice Chair Richard H. Clarida of the Federal Reserve Board presented “The Federal Reserve's New Framework: Context and Consequences” at the "The Road Ahead for Central Banks" section of the seminar series sponsored by the Hoover Economic Policy Working Group, Hoover Institution, Stanford University. A wide range of questions were asked and comments were offered by the 150 members of the Zoom audience, including charts presented by David Papell of the University of Houston and also by Robert Hall of the Hoover Institution. John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with David Papell and Peter Ireland

Wednesday, November 18, 2020
Virtual Meeting

David Papell, the Joel W. Sailors Endowed Professor of Economics at the University of Houston, discussed “Policy Rule Forward Guidance Following the Covid-19 Recession,” in a paper with Ruxandra Prodan. Peter Ireland, Professor of Economics at Boston College, spoke on “Some Practical Advice (from a Monetarist) to the Fed,” and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Eric Leeper and John Cochrane

Wednesday, November 11, 2020
Virtual Meeting

Eric Leeper, the Paul Goodloe McIntire Professor in Economics at the University of Virginia, presented “How to Stop Deflation with Fiscal Policy: Past Lessons for the Future.” John Cochrane, the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution, was the discussant, and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Darrell Duffie and William Nelson

Wednesday, October 28, 2020

Darrell Duffie, the Adams Distinguished Professor of Management and Professor of Finance at the Stanford Graduate School of Business, spoke on "Reserves Were Not So Ample After All: Evidence from the U.S. Treasury Repo Market,” a paper with Adam Copeland and Yilin Yang. William Nelson, Chief Economist at the Bank Policy Institute, was the discussant and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Frank Smets and Monika Piazzesi

Wednesday, October 21, 2020

Frank Smets, Director General of the European Central Bank, presented his paper "The Euro Area: Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases, and Fiscal Stimulus in a Low-Interest-Rate Environment,” with Gunter Coenen and Carlos Montes- Galdon). Monika Piazzesi, the Joan Kenney Professor of Economics at Stanford, was the discussant and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

Event

Policy Seminar with Robert Kaplan and Randal Quarles

Wednesday, October 14, 2020
Virtual Meeting

Robert Kaplan, President of the Federal Reserve Bank of Dallas, discussed “Economic Conditions and the Path of Monetary Policy,” and Randal Quarles, Vice Chair for Supervision at the Federal Reserve Board and Chair of the Financial Stability Board, discussed “Supervision and Regulation in the US and the World in the Time of COVID,” with John Taylor moderating

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.