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In the News

The guilty men

quoting John B. Taylorvia Economist
Thursday, November 6, 2014

WHO was to blame for the great financial crisis? How effective was the response of the authorities? And how can we stop it happening again? Those questions are at the heart of a fascinating new book of essays by prominent economists and regulators, well-worth reading by anyone with an interest in such topics, and free to download from the Hoover Institution.

Across the Great Divide: New Perspectives on the Financial Crisis

Across the Great Divide: New Perspectives on the Financial Crisis

via Hoover Press
Saturday, November 1, 2014

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises.

Analysis and Commentary

Avoiding the Global Slowdown Blues

by Michael J. Boskinvia Wall Street Journal
Monday, October 27, 2014

Despite jitters about where the U.S. is headed, there are specific steps we can take to ensure even stronger growth.

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.

Interviews

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

NICE-Squared (Or TWICE NICE)

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
Interviews

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.

Pages

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
Senior Fellow
Rose-Marie and Jack Anderson Senior Fellow
Leonard and Shirley Ely Senior Fellow
Senior Research Fellow
Buzz and Barbara McCoy Senior Fellow
Thomas W. and Susan B. Ford Distinguished Fellow

Policy Seminar on the Federal Reserve Credibility and Reputation in Historical Perspective

Tuesday, January 20, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building
Michael Bordo, Distinguished Visiting Fellow at Hoover and Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, discussed his recent work on “Federal Reserve Credibility and Reputation in Historical Perspective.”
Event

Policy Seminar on The Political Economy of European Economic Stagnation

Thursday, January 15, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building
Jesús Fernández-Villaverde, professor at the University of Pennsylvania, discussed his work in collaboration with Lee Ohanian on “The Political Economy of European Economic Stagnation.”
Event

Policy Seminar on How Adam Smith Can Change Your Life

Wednesday, December 10, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building
Russell Roberts, the John and Jean De Nault Hoover Research Fellow, discussed his recent book, How Adam Smith Can Change Your Life.
Event

Policy Seminar on “The Economics of Counterinsurgency: Winning, Leasing, and Losing Hearts and Minds.”

Thursday, December 4, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Joseph Felter, Research fellow at Hoover, Senior research scholar at CISAC, and retired US Army colonel) discusses "The Economics of Counterinsurgency: Winning, Leasing, and Losing Hearts and Minds."

Event
Across the Great Divide: New Perspectives on the Financial Crisis
In the News

Across the Great Divide: New Perspectives on the Financial Crisis

Wednesday, November 5, 2014
Hoover Institution, Washington DC

The Hoover Institution and the Brookings Institution cordially invite you to a discussion of the newly released book Across the Great Divide: New Perspectives on the Financial Crisis. 

Event

Policy Seminar on Zero to One: Notes on Startups, or How to Build the Future

Monday, November 3, 2014
Stauffer Auditorium, Stanford University

Peter Thiel spoke about the basic principles that underlie innovative products and startup firms, using examples from his own experience starting up firms such as Paypal and Palantir. He  emphasized the importance of creating a firm or product with characteristics of monopoly, and contrasted that idea with the distinction between monopoly and competition taught in economics.

Event

Conference on Inequality in Memory of Gary Becker

Thursday, September 25, 2014 to Friday, September 26, 2014
Hoover Institution, Stanford University

This conference explores various measures of inequality and pose the question whether or not it is increasing.

Event

Policy Seminar on the European Approach to Bank Resolution and Bail-ins

Monday, August 25, 2014
George Shultz Conference Room, Herbert Hoover Memorial Building

Pierre-Henri Conac (Professor of Financial Markets Law at the University of Luxembourg and Member of the Securities and Markets Stakeholder Group (SMSG) of the European Securities and Markets Authority (ESMA)), discusses the European Approach to Bank Resolution and Bail-ins.

Event

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.

Event
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. 

Event

Pages

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.