Economic Policy Working Group

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The High Cost of Good Intentions: A History Of U.S. Federal Entitlement Programs

by John F. Coganvia Books by Hoover Fellows
Friday, September 22, 2017

Federal entitlement programs are strewn throughout the pages of U.S. history, springing from the noble purpose of assisting people who are destitute through no fault of their own. Yet as federal entitlement programs have grown, so too have their inefficiency and their cost. Neither tax revenues nor revenues generated by the national economy have been able to keep pace with their rising growth, bringing the national debt to a record peacetime level.

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Central Bank Digital Currency And The Future Of Monetary Policy

by Michael D. Bordo, Andrew T. Levinvia Economics Working Papers
Thursday, August 10, 2017

Economics Working Paper WP17104

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On The Prospects For Higher Economic Growth

by John F. Cogan, R. Glenn Hubbard, John B. Taylor, Kevin Warshvia Analysis
Tuesday, July 18, 2017

Hoover and AEI economists release white paper on comprehensive economic policy reforms to achieve 3 percent growth.

Incentives and the Welcome-Mat Effect

by Stephen Langloisvia Economics Working Papers
Monday, April 24, 2017

Economics Working Paper WP16118

Rules for International Monetary Stability: Past, Present, and Future by Michael D. Bordo (Editor), John B. Taylor (Editor)

Rules for International Monetary Stability

via Hoover Institution Press
Monday, April 10, 2017

The perceived negative consequences of spillovers from the actions of central banks around the world have led to increasing calls for international monetary policy coordination. Rules for International Monetary Stability reports on the results of a Hoover Institution conference that brought together academics, financial experts, and policy makers to focus on the need for a classic rules-based reform of the international monetary system. 



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
Thomas W. and Susan B. Ford Distinguished Fellow

Policy Seminar with Erik Hurst

Tuesday, February 13, 2018
Policy Seminar with Erik Hurst

Erik Hurst, V. Duane Rath Professor of Economics at the University of Chicago, and Deputy Director of the Becker Friedman Institute, talked about “The Transformation of Manufacturing and the Decline in U.S. Employment.”


Policy Seminar with Casey Mulligan

Tuesday, January 30, 2018
Annenberg Conference Room, Lou Henry Hoover Building

Casey Mulligan, Professor of Economics at the University of Chicago, discussed “The Employer Penalty, Voluntary Compliance, and the Size Distribution of Firms: Evidence from a Survey of Small Businesses.”


Policy Seminar with Emily Oster

Tuesday, January 23, 2018
Annenberg Conference Room, Lou Henry Hoover Building

Emily Oster, Professor of Economics at Brown University, addressed the policy lunch group, sharing with us a project underway studying health behaviors. She discussed "Changes in Household Diet: Determinants and Predictability.” 


Policy Seminar with Doug Holtz-Eakin

Friday, January 19, 2018
Annenberg Conference Room, Lou Henry Hoover Building

Doug Holtz-Eakin, President of the American Action Forum, presented a "Policy Analysis in the Trump Policy Agenda.” Doug Holtz-Eakin first gave a rundown of the current situation in Washington, then moved to issues where outside thinking could help.


Policy Seminar with Thomas Hazlett

Tuesday, December 12, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Thomas Hazlett, former chief economist with the US Federal Communications Commission, presented his book The Political Spectrum: The Tumultuous Liberation of Wireless Technology on the history of spectrum regulation. In the moment that “net neutrality” is revoked, essentially deciding not to apply the utility regulation regime that telephones, radio, and TV worked under for most of the last century, the subject is certainly topical.


Policy Seminar with George Shultz

Tuesday, November 14, 2017
Annenberg Conference Room, Lou Henry Hoover Building

The Honorable George P. Shultz, Hoover Institution Thomas W. and Susan B. Ford Distinguished Fellow, former Secretary of Labor, Director of the Office of Management and Budget, Secretary of the Treasury, and Secretary State, presented the remarks he gave on September 15, 2017 at the Economic History Association: “Dreams Can Be Nightmares.


Policy Seminar with Darrell Duffie

Monday, November 6, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Darrell Duffie, Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business, presented “Bank Debt Overhang and Financial Market Liquidity” based on an upcoming book and a series of lectures he gave at the Bank of Italy. 


Policy Seminar with Lee Lockwood

Tuesday, October 31, 2017
Annenberg Conference Room, Lou Henry Hoover Building

Lee Lockwood, assistant professor of economics at the University of Virginia, faculty research fellow at the National Bureau of Economic Research (NBER), and Hoover Institution National Fellow for 2017-18, presented “Targeting with In-kind Transfers: Evidence from Medicaid Home Care.” 


Policy Seminar with Lord Mervyn King

Thursday, October 12, 2017
Lou Henry Hoover Building Conference Room 115

Mervyn King, Lord King of Lothbury, Professor of Economics and Law at New York University Stern School of Business and School of Law, and former Governor of the Bank of England (2003 to 2013), gave a talk on “Brexit—An Update: Political Uncertainty and the Lessons for Economic Policy.” 


Policy Seminar with Robert Kaplan

Tuesday, October 10, 2017
George Shultz Conference Room, Herbert Hoover Memorial Building

Robert Kaplan, President and CEO of the Federal Reserve Bank of Dallas, discussed “Current Economic Conditions and the Impacts of Monetary Policy.” 



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.