Economic Policy Working Group

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Analysis and CommentaryBlank Section (Placeholder)

The End of the Growth Consensus

by John B. Taylorvia Wall Street Journal
Thursday, July 21, 2011

America added 44 million jobs in the 1980s and '90s, when both parties showed they had learned from past mistakes. The lessons have been forgotten...

Interviews

Taylor on Fiscal and Monetary Policy

by Russell Roberts with John B. Taylorvia EconTalk
Monday, July 18, 2011

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the state of the economy and the prospects for recovery...

Analysis and Commentary

Get Ready for a 70% Marginal Tax Rate

by Michael J. Boskinvia Wall Street Journal
Monday, July 18, 2011

Some argue the U.S. economy can bear higher pre-Reagan tax rates. But those rates applied to a much smaller fraction of taxpayers than what we're headed for without spending cuts...

Analysis and Commentary

A Two-Step Approach to Solving the Budget Impasse

by John B. Taylorvia Echoes (Bloomberg)
Wednesday, July 13, 2011

A good two-step approach would be to agree now to $2.5 trillion in spending-growth reductions and to raise the debt ceiling. Then have an open debate about how to close the remaining $3.5 trillion gap next year, during the 2012 election campaign...

Analysis and CommentaryBlank Section (Placeholder)

On the 10th Anniversary of the Keynesian Revival

by John B. Taylorvia Echoes (Bloomberg)
Thursday, July 7, 2011

The overall experience of the Keynesian revival in the 2000s raises doubts about the effectiveness of these stimulus packages. And it adds more weight to the position reached more than 30 years ago by Robert Lucas, Thomas Sargent and many others...

Analysis and Commentary

Brain Research and the Challenge of Aging

by George P. Shultz, Stanley B. Prusinervia Wall Street Journal
Tuesday, July 5, 2011

The study of Alzheimer's and Parkinson's consumes less than 2% of the National Institute of Health budget. We can do more...

Interviews

Is QE3 Set to Sail?

with John B. Taylorvia Kudlow Report (CNBC)
Thursday, June 30, 2011

Discussing whether QE3 is on the horizon now that QE2 is officially over, with John Taylor, Hoover Institute, and Dean Baker, Center for Economic & Policy Research...

Interviews

John Taylor on Fed, U.S. Fiscal Policy, Economy

with John B. Taylorvia Surveillance Midday (Bloomberg Television)
Monday, June 27, 2011

John Taylor, an economics professor at Stanford University, talks about Federal Reserve monetary policy, the Taylor Rule and prospects for U.S. economic recovery...

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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
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

 


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.