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Taylor: We Are In a Balance Sheet Recession

with John B. Taylorvia Big Interview (
Friday, June 24, 2011

Top economist John Taylor says his "biggest worry" is that the U.S. economy will be anemic for years and unemployment remain high...

Why a Credible Budget Strategy Will Reduce Unemployment and Increase Economic Growth

featuring John B. Taylorvia Joint Economic Committee of the Congress
Tuesday, June 21, 2011
Testimony Before the Joint Economic Committee of the Congress of the United States 
Analysis and CommentaryBlank Section (Placeholder)

Five Lessons for Deficit Busters

by Michael J. Boskinvia Wall Street Journal
Monday, June 20, 2011

A recent study of successful deficit reductions found they averaged more than $5 in spending cuts for every $1 in tax hikes...


John Taylor on the John Batchelor Show

with John B. Taylorvia John Batchelor Show
Tuesday, June 14, 2011

GUESTS: Co-host Larry Kudlow, CNBC and 77 WABC; John Taylor, Stanford; Stephen Moore, WSJ...

Analysis and Commentary

A Real Debate About Drug Policy

by George P. Shultz, Paul Volckervia Wall Street Journal
Saturday, June 11, 2011

George P. Shultz and Paul A. Volcker on why the 'war on drugs' has failed—and what to do next...

John B. Taylor

Taylor discusses his Wall Street Journal op-ed, “In Praise of Debt Limit ‘Chicken,’” on FOX Business

via FOX Business
Thursday, June 9, 2011

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, explains why the GOP’s playing chicken with the debt limit will help reduce spending and thus the deficits and debt, which will be good for the economy.


GOP Playing Debt Limit Chicken

with John B. Taylorvia Fox Business
Thursday, June 9, 2011

Stanford University Economics Professor John Taylor explains why GOP playing chicken with debt limit is good for the economy...

Analysis and CommentaryBlank Section (Placeholder)

Government Is More to Blame for Weak Recovery Than Fading Stimulus

by John B. Taylorvia Echoes (Bloomberg)
Thursday, June 9, 2011

Just as economists have debated the causes of the financial crisis, they are now debating the causes of the slow, almost non-existent, recovery...

Analysis and CommentaryBlank Section (Placeholder)

A History Lesson for Entitlement Reform

by John B. Taylorvia Echoes (Bloomberg)
Thursday, June 2, 2011

Everyone agrees that cutting spending will require difficult decisions on entitlements. And here is where presidential leadership is so essential -- at least that's the lesson from history...


US 'not in stalemate' over debt limit

with John B. Taylorvia Today (BBC Radio)
Thursday, June 2, 2011

Talks between President Obama and leading Republicans from the House of Representatives over the America's growing debt appear to remain deadlocked, despite private talks between the two sides last night...



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.