Economic Policy Working Group

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Analysis and Commentary

An Alternative Stimulus Plan

by Michael J. Boskinvia Wall Street Journal
Tuesday, November 17, 2009

While the economy has finally started to grow, the disturbingly high unemployment rate is increasing pressure from the left to double down on this year's poorly designed fiscal stimulus bill. . . .

John Taylor's Testimony to the Committee on the Judiciary

featuring John B. Taylorvia Committee on the Judiciary, United States House of Representatives
Thursday, October 22, 2009

Hoover Institution fellow John B. Taylor testified to the Committee on the Judiciary, Subcommittee on Commercial and Administrative Law, U.S. House of Representatives, on October 22, 2009.

Responses to additional questions from the Financial Crisis Inquiry Commission

featuring John B. Taylorvia Analysis
Tuesday, October 20, 2009
I have endeavored to keep these answers reasonably short and focused. The answers are backed up by empirical research which is summarized at greater length in my book Getting Off Track, which in turn refers to a number of technical empirical studies. 
Analysis and Commentary

What's Needed is Uncommon Wisdom

by Joseph A. Grundfestvia New York Times
Tuesday, October 6, 2009

Public policy reflects the common wisdom. Legislation cannot pass the House of Representatives unless half the members support it. It takes a 60 percent supermajority to avoid a Senate filibuster. Can wisdom get more common than that?

Analysis and Commentary

How California Can Get Its Groove Back

by Michael J. Boskin, John F. Coganvia Wall Street Journal
Wednesday, September 30, 2009

For many decades California residents enjoyed a rising standard of living, an outstanding education system, and unprecedented upward mobility...

Analysis and Commentary

The Government Debt Bomb

by Michael J. Boskinvia Project Syndicate
Tuesday, September 29, 2009

As economies around the world return to growth after the deepest recession in a generation, renewed attention is being paid to enormous fiscal deficits and vast expansions of government debt...

Analysis and Commentary

Taylor Rule Change Will Hurt Fed’s Inflation Fight: John Taylor

by John B. Taylor with Robert E. Hallvia Bloomberg
Tuesday, August 25, 2009

The Taylor Rule -- the guideline for central bank interest-rate decisions -- has been the subject of a heated debate among Fed watchers this summer...

Darrell Duffie is the Dean Witter Distinguished Professor of Finance at the Graduate School of Business, Stanford University.

How Should We Regulate Derivatives’ Markets?

by Darrell Duffievia Defining Ideas
Tuesday, August 25, 2009

Reformers must rewrite the rules and support the market efficiencies of the derivatives market.

Affidavit of Joseph A. Grundfest: Securities and Exchange Commission v. Bank of America

featuring Joseph A. Grundfestvia Analysis
Friday, August 21, 2009

No. 09-CV-6829 in the United States District Court for the Southern District of New York 

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
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.