Economic Policy Working Group

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Analysis and Commentary

Shoven Says: Defer Social Security Benefits

by John B. Taylorvia Economics One
Saturday, September 28, 2013

John Shoven's practical advice on when people should start taking Social Security benefits is rightly getting  increased attention. The economics is quite straight forward, and baby boomers should ...

Analysis and Commentary

The Raisin Reserve: On the Way Out?

by John B. Taylorvia Economics One
Friday, September 27, 2013

For many years I have used the California raisin market as an illustration of the effects of government intervention, even dressing up as a California raisin and dancing, as in the famous advertise...

Analysis and Commentary

A New Economics 1 at Stanford

by John B. Taylorvia Economics One
Sunday, September 22, 2013

Tomorrow Stanford embarks on a new principles of economics course at the introductory level. For the first time since the financial crisis we will be teaching the course in one term. I will be doin...

Analysis and Commentary

Debt Explosion Unchanged: Looks the Same as Five Years Ago

by John B. Taylorvia Economics One
Wednesday, September 18, 2013

The CBO’s 2013 Long-Term Budget Outlook released this week made a lot of news because it appeared to paint a new and surprisingly bleak budget picture. But in reality, the budget outlook is little ...

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Blank Section (Placeholder)Analysis and Commentary

What Economic Recovery?

by Lee Ohanian, John B. Taylorvia Defining Ideas
Wednesday, September 18, 2013

Thanks to bad government policies, we are not fully out of the recession yet.


John Taylor on the Kudlow Report (5:33)

with John B. Taylorvia Kudlow Report (CNBC)
Tuesday, September 17, 2013

With Larry Summers out of the Fed chairman race, Ben Bernkanke's successor is unknown. Jim Pethokoukis, American Enterprise Institute, and John Tamny, Forbes, discuss the President's possible pick. And John Taylor, Stanford University economics professor, discuss rules to govern the U.S monetary policy.

Analysis and Commentary

With Better Policy, the Recovery Could Have Been V-Shaped

by John B. Taylorvia Economics One
Monday, September 16, 2013

Some are still arguing that the prolonged slow recovery from the deep recession of 2007-09 was to be expected. Fast rebounds, or V-shaped recoveries, are a thing of the past, they argue, citing the...

Analysis and Commentary

Capitalism’s Return from the Financial Crisis

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

John Taylor on Money with Melissa Francis

with John B. Taylorvia FOX Business
Monday, September 16, 2013

Former Treasury Department Official John Taylor on Janet Yellen’s views.

In the News

John Taylor: 'Poor Economic Policies' Have Caused Sluggish Expansion

with John B. Taylorvia Money News
Wednesday, September 11, 2013

The flawed economic policy of the past few years is responsible for the languid pace of economic recovery, says Stanford University economist John Taylor.



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.