Economic Policy Working Group

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Swings in the Rules-Discretion Balance

featuring John B. Taylorvia Analysis
Monday, November 1, 2010
Prepared for the session “The Individual, the Market and the State: Rules vs. Discretion in Economic Policy” 
Conference on the Occasion of the 40th Anniversary of Microeconomic Foundations of Employment and Inflation Theory 
Columbia University 
Analysis and Commentary

China's Next Leap Forward

by Gary S. Beckervia Wall Street Journal
Wednesday, September 29, 2010

The jump from middle-income to rich status is much harder to achieve than the ascent from poverty. But there are plenty of reasons to believe China's growth prospects remain strong...

John B. Taylor

Assessing the federal policy response to the economic crisis

via United States Senate
Wednesday, September 22, 2010

John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution, testified before the U.S. Senate Budget Committee on Wednesday, September 22, at a hearing titled “Assessing the Federal Policy Response to the Economic Crisis.” Watch a video of the testimony on the Budget Committee’s website (Taylor’s testimony begins at 60:33) or view a pdf of Taylor’s testimony.

Assessing the Federal Policy Response to the Economic Crisis

featuring John B. Taylorvia Committee on the Budget, United States Senate
Wednesday, September 22, 2010
Testimony before the Committee on the Budget
United States Senate
Analysis and CommentaryBlank Section (Placeholder)

Obama’s Difficult Fiscal Summer

by Michael J. Boskinvia Project Syndicate
Wednesday, September 22, 2010

Barack Obama’s administration suffered a string of fiscal setbacks this summer. But has it learned anything in recent months...?

Analysis and CommentaryBlank Section (Placeholder)

Principles for Economic Revival

by George P. Shultz, Michael J. Boskin, John F. Cogan, John B. Taylorvia Wall Street Journal
Thursday, September 16, 2010

Our prosperity has faded because policies have moved away from those that have proven to work. Here are the priorities that should guide policy makers as they seek to restore more rapid growth...

Analysis and Commentary

A Symposium: What Should the Federal Reserve Do Next?

by John B. Taylorvia Wall Street Journal
Thursday, September 9, 2010

Near-zero interest rates and unprecedented asset purchases by the Fed have failed to return the U.S. economy to robust growth...

Analysis and CommentaryBlank Section (Placeholder)

What Should the Federal Reserve Do Next?

by John B. Taylorvia Wall Street Journal
Thursday, September 9, 2010

 A prolonged period of near-zero interest rates and unprecedented asset purchases by the Federal Reserve has failed to return the U.S. economy to robust growth or make an appreciable dent in unemployment. It is now commonly asserted that the Fed is "out of ammunition." Is it?

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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.