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Analysis and Commentary

Across the Great Divide: New Perspectives on the Financial Crisis

by John B. Taylorvia Economics One
Wednesday, October 1, 2014

A year ago today, the Hoover Institution and the Brookings Institution held an unusual joint conference on the financial crisis, where twenty-four economists and legal scholars reexamined the crisis, its effect on the US economy, and possible policy reforms. The participants were spread between two venues: Hoover at Stanford and Brookings in Washington.

Analysis and Commentary

Inequality Conference in Memory of Gary Becker at Stanford’s Hoover Institution

by John B. Taylorvia Economics One
Monday, September 29, 2014

Last Thursday and Friday the Hoover Institution at Stanford hosted a wonderful Conference on Inequality in Memory of Gary Becker. John Raisian and I opened the conference commenting on the appropriateness of both the venue and the topic: Gary spent a great deal of time doing research at Hoover over the years, and he began diagnosing and recommending policy solutions to inequality problems decades ago, long before the current explosion of popular interest.


John Taylor on CNBC

interview with John B. Taylorvia CNBC
Wednesday, September 10, 2014

Senior Fellow John Taylor discusses his recent MOOC on CNBC.

Analysis and Commentary


by John B. Taylorvia EconomicsOne
Wednesday, September 3, 2014

Due to previous commitments in Hong Kong I could not attend today’s Bretton Woods: The Founders and the Future conference in New Hampshire, but I was invited to speak via video. Here is the text of my remarks.

Analysis and Commentary

Family Economics and Macro Behavior at a Gary Becker Memorial

by John B. Taylorvia EconomicsOne
Tuesday, September 2, 2014

Kevin Murphy and I were invited to speak at a memorial session for Gary Becker at the Mont Pelerin Society meetings in Hong Kong yesterday.  My remarks focused on the time Gary spent each year at the Hoover Institution and on his foray into presidential politics, much like I wrote in this post, but I also was asked to delve into macro which is quite interesting.

Analysis and Commentary

A New Twist in Online Learning at Stanford

by John B. Taylorvia Wall Street Journal
Monday, September 1, 2014

For years at Stanford I've taught Econ 1, one of the university's most popular courses that covers the basics of economics. I usually teach in a large lecture hall filled with hundreds of students, but this summer I tried something new. I gave an online-only version of the course, with a twist: It was offered to Stanford students for credit, as well as to the public.

Federal Reserve

John Taylor on Reuters Insider (00:48)

interview with John B. Taylorvia Reuters Insider
Wednesday, August 27, 2014

Senior Fellow John Taylor discusses the Fed on Reuters Insider.

Interest Rates
In the News

Stanford’s Taylor Says U.S. Rate Rise Will Help Emerging Markets

featuring John B. Taylorvia Bloomberg
Thursday, August 21, 2014

The phasing out of the U.S. Federal Reserve’s monetary stimulus will help emerging markets by ridding them of a source of turbulence, according to Stanford University Professor John Taylor.


John Taylor on the Larry Kudlow Show ( 83:31)

interview with John B. Taylorvia The Larry Kudlow Show
Saturday, August 2, 2014

Senior Fellow John Taylor discussed the economy on the nationally syndicated Larry Kudlow Radio Show.

Analysis and Commentary

The American Economy: Turtle or Caged Eagle?

by John B. Taylorvia Economics One
Friday, August 1, 2014

Last week I was on a panel with Stanford President John Hennessy and Congressman Paul Ryan at the new Hoover Institution Offices in Washington. Al Hunt moderated the discussion which focused on policies to raise economic growth. The video is here.



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



Policy Seminar on the economic situation in Europe

Tuesday, July 1, 2014

Fabrizio Saccomanni (former deputy governor of the Bank of Italy and former minister of economy and finances of Italy), and Volker Wieland (professor of monetary theory and policy at Goethe University of Frankfurt, the Willem Duisenberg Research Fellow at the European Central Bank, and member of the German Council for Economic Experts) discusses the economic situation in Europe.

Economic Growth Concept

Frameworks for Central Banking in the Next Century

Thursday, May 29, 2014 to Friday, May 30, 2014
Hoover Institution

The main unifying theme of the conference is that successful policy requires that central bankers’ decisions be based on clearly-understood rules—including legal limits, institutional structures, mandates, traditions, procedures, or formulas—and not solely on discretion. 


Policy Seminar with Bob Hall

Thursday, April 24, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Bob Hall, Hoover Institution Senior Fellow and Professor of Economics, discusses quantifying the lasting harm to the U.S. Economy from the financial crisis.


Policy Seminar on “Possible Lessons for Economic and Financial Regulation Based on the Experience of INPO”

Monday, March 17, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

James Ellis, retired 4-star United States admiral and former chief executive officer of the Institute of Nuclear Power Operations (INPO), explained how INPO became an effective industry regulator and then led the assembled working group in a discussion of how regulation in the financial sector could be improved, based on INPO’s regulatory model.


Policy Seminar on “Obamacare and Labor Markets”

Wednesday, February 19, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Casey Mulligan, professor at the University of Chicago, discussed his work on the Affordable Care Act (i.e. ACA/“Obamacare”) and labor markets.


Policy Seminar on “An Analysis of Current Monetary Policy”

Tuesday, February 11, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Jeffrey Lacker (President of the Federal Reserve Bank of Richmond)


Symposium on Monetary Policy Reform

Monday, January 13, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Summary of Hoover' Economic Policy Meeting January 13, 2014
Guest Speakers: Michael Bordo, Allan Meltzer, George Shultz, and John Taylor


Policy Seminar on the Affordable Care Act Rollout and Its Effects on the Health Care and the Economy

Monday, December 16, 2013
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speakers: Jay Bhattacharya (Associate Professor of Medicine, Stanford University), John Cogan (Hoover Institution Senior Fellow and Professor of Public Policy), Alain Enthoven (Professor of Public Policy and Private Management, Emeritus and CHP/PCOR Core Faculty Member), Dan Kessler (Hoover Institution Senior Fellow, Professor, Stanford GSB and Stanford Law School, and by courtesy, of health research and policy in the Stanford School of Medicine)


The US Financial System—Five Years after the Crisis

Tuesday, October 1, 2013
Simulcast from Washington, DC, and Stanford, California

Joint Conference of the Brookings Institution and the Hoover Institution: 


Policy Seminar on “The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It”

Monday, May 20, 2013
Room 130, Herbert Hoover Memorial Building

Guest Speaker: Anat Admati (Professor of Finance and Economics at the Stanford Graduate School of Business)



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.


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.



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.