Economic Policy Working Group

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Professor Bruce Thornton of Cal State Fresno

Peter Robinson interviews Fresno State Classicist Bruce Thornton about his new book Decline and Fall: Europe's Slow Suicide.

by Peter M. Robinsonwith Bruce Thorntonvia Uncommon Knowledge
Monday, March 10, 2008

In his new book, Decline and Fall: Europe’s Slow Motion Suicide, Bruce Thornton asserts that Europe has turned its back on the Western tradition to which it owes its greatness. It has abandoned pride in the nation, discarded traditional Christianity, and, in so doing, is without unifying values, ideals, and beliefs. But if Europe is still democratic, and if it still embraces the free market, why should anyone care that Judaeo-Christian religious beliefs are slipping away. The answer lies in the coinciding rise of radical Islam. (35:45) Video transcript

Monetary Policy and the State of the Economy

by John B. Taylor
Tuesday, February 26, 2008

Testimony before the Committee on Financial Services 
U.S. House of Representatives 

Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy

Peter Robinson speaks with Thomas Sowell about his new book Economic Facts and Fallacies

by Peter M. Robinsonwith Thomas Sowellvia Uncommon Knowledge
Monday, February 25, 2008

Peter Robinson speaks with Thomas Sowell about his new book Economic Facts and Fallacies in which Sowell exposes some of the most popular fallacies about economic issues. Sowell takes on the conventional thinking on a wide swath of America’s economic life, from male-female economic differences to income stagnation, executive pay, and social mobility to economics of higher education. In all cases he demonstrates how economics relates to the social issues that deeply affect our country. (33:21) Video transcript

The Costs and Benefits of Deviating from the Systematic Component of Monetary Policy

by John B. Taylorvia Analysis
Friday, February 22, 2008
Keynote Address at the Federal Reserve Bank of San Francisco 
Conference on "Monetary Policy and Asset Markets” 

A Black Swan in the Money Market

by John B. Taylor
Thursday, February 21, 2008

John B. Taylor and John C. Williams, Working Group paper, updated April 2, 2008.

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The Economy According to Taylor and Judd

by Peter M. Robinsonwith Kenneth L. Judd, John B. Taylorvia Uncommon Knowledge
Monday, February 11, 2008

Are we, in fact, in a recession? If not, is one still headed our way? Economists John Taylor and Kenn Judd discuss not only the state of the current economic slowdown, but how the definition of recession is evolving. (30:58) Video transcript

Analysis and Commentary

How Not to Fix the Economy

by Michael J. Boskinvia Wall Street Journal
Thursday, December 13, 2007

Six years into expansion following the 2001 recession, the post-Y2K collapse of the stock-market bubble and the terrorist attacks of Sept. 11, 2001, the economy is sharply slowing. The risk of recession is growing.

Analysis and Commentary

The silver lining in America’s subprime cloud

by John B. Taylor, George P. Shultzvia Financial Times
Monday, November 5, 2007

Turmoil in the US’s financial markets got the top billing in news reports about the recent meetings of the world’s leading international policymakers in Washington...

Housing and Monetary Policy

by John B. Taylor
Wednesday, August 1, 2007

John B. Taylor, Address at the Annual Jackson Hole Symposium sponsored by the Federal Reserve Bank of Kansas City, August 2007

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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

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.

 


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.