Economic Policy Working Group

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COVID-19 Is Also a Reallocation Shock

by Jose Maria Barrero, Nick Bloom, Steven J. Davisvia Economics Working Papers
Thursday, June 25, 2020

Economics Working Paper 20113

Original Sin and the Great Depression

by Michael D. Bordo, Christopher M. Meissnervia Economics Working Papers
Friday, April 24, 2020
Economics Working Paper 20101
BooksBlank Section (Placeholder)

Strategies for Monetary Policy

via Hoover Institution Press
Thursday, April 23, 2020

Assesses possible practical ways in which we might refine our existing monetary policy framework to better achieve our dual-mandate goals of full employment and price stability on a sustained basis.

On the Importance of Household versus Firm Credit Frictions in the Great Recession

by Patrick J. Kehoe, Pierlauro Lopez, Virgiliu Midrigan, Elena Pastorinovia Economics Working Papers
Wednesday, April 1, 2020
Economics Working Paper 20110

Choose Economic Freedom: Enduring Policy Lessons from the 1970s and 1980s

by George P. Shultz, John B. Taylor featuring Milton Friedmanvia Hoover Institution Press
Sunday, March 1, 2020

What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically-popular government interventions—be they from Democrats or Republicans—as a recipe for success.



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

Policy Seminar with John Williams

Wednesday, October 7, 2020
Virtual Meeting

John C. Williams, President of the Federal Reserve Bank of New York discussed “The FOMC's New Policy Framework” with John Taylor moderating.


Policy Seminar with Mickey Levy and Charles Plosser

Thursday, October 1, 2020
Virtual Meeting

Mickey Levy, Chief Economist, Americas and Asia at Berenberg Capital Markets, and Charles Plosser, former President of the Federal Reserve Bank of Philadelphia will speak on the topic: The Fed’s New Policy Framework and the Markets.


Policy Seminar with Darrell Duffie

Wednesday, June 10, 2020
Virtual Meeting

Darrell Duffie, Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business and Senior Fellow at the Hoover Institution, discussed his paper “Still the World’s Safe Haven? Redesigning the U.S. Treasury Market After the Covid19 Crisis.”


Policy Seminar with John Cochrane

Wednesday, June 3, 2020
Virtual Meeting

John Cochrane, senior fellow at the Hoover Institution, discussed “COVID-19 and Re-Opening the Economy.”


Q&A: John B. Taylor And John H. Cochrane On Strategies For Monetary Policy

Saturday, May 30, 2020
Hoover Institution, Stanford University

In this interview, John B. Taylor and John H. Cochrane discuss Strategies for Monetary Policy, a compilation of essays drawn from the 2019 Monetary Policy Conference at the Hoover Institution. The two senior Hoover economists also talk about current monetary policy in the context of the COVID-19 crisis, and the tools the central bank should use in order to help stimulate and stabilize the American economy.


Policy Seminar with Andrew Filardo

Wednesday, May 27, 2020
Virtual Meeting

Andrew Filardo, visiting fellow at the Hoover Institution and economist at the Bank for International Settlements, discussed “Exchange Rate Swings, Foreign Currency Intervention, and Monetary Policy.”


Policy Seminar with Niall Ferguson

Wednesday, May 20, 2020
Virtual Meeting

Niall Ferguson, the Milbank Family Senior Fellow at the Hoover Institution, focused on a global history of several pandemics and discussed “1918, 1957, 2020: Big Pandemics and their Economic Consequences."


Policy Seminar with Valentin Bolotnyy

Wednesday, May 13, 2020
Virtual Meeting

Valentin Bolotnyy, Hoover Research Fellow and Kleinheinz Fellow, discussed “How Does Childhood Environment Affect Political Participation? Evidence from Soviet Refugees.”


Policy Seminar with Scott Atlas and John Cogan

Thursday, May 7, 2020
Virtual Meeting

Scott Atlas and John Cogan, Senior Fellows at the Hoover Institution, discussed “Remdesivir, Data, and the Economics of Coronavirus.”


Policy Seminar with Jay Bhattacharya

Tuesday, April 28, 2020
Virtual Meeting

Jay Bhattacharya, Professor of Medicine and Core faculty member at the Center for Health Policy and the Center for Primary Care and Outcomes Research, discussed his paper “COVID-19 Antibody Seroprevalence in Santa Clara County.”



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.