Economic Policy Working Group

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Requirements for Policy Rules for the Fed

by John B. Taylorvia Economics Working Papers
Friday, December 19, 2014

Economics Working Paper WP14111

Analysis and Commentary

A New Fed Centennial Volume with a Twist

by John B. Taylorvia Economics One
Monday, December 1, 2014

As the two year centennial of the founding of the Fed in 1913-14 draws to a close this month, a new centennial volume, Frameworks for Central Banking in the Next Century, is being published as a special issue of the Journal of Economic Dynamics and Control.

Analysis and Commentary

The Next Trade Breakthroughs

by Michael J. Boskinvia Project Syndicate
Tuesday, November 18, 2014

STANFORD – Economic news is grim all around the world. This year’s output growth has been disappointing, and the International Monetary Fund expects only a slight improvement in 2015.

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

Brookings and Hoover Institutions collaborate on account of causes and effects of financial crisis in Across the Great Divide

featuring John B. Taylorvia Bradley Foundation
Tuesday, November 11, 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.

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.

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

Policy Seminar with George Tavlas

Wednesday, May 27, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

George Tavlas, member of the Monetary Policy Council at the Bank of Greece, discussed his recent research on the origins of Milton Friedman’s work on monetary economics and policy rules.

Event
Bank Vault
Analysis and Commentary

Central Bank Governance And Oversight Reform: A Policy Conference

Thursday, May 21, 2015
Hoover Institution, Stanford University

This conference aims to consider central bank reforms relating to governance, oversight, and effectiveness. Since the Hoover conference “Frameworks for Central Banking in the Next Century,” held in May 2014, debates about central bank policy have intensified. This second conference will be in a round-table format, with short opening presentations, a lead discussant, and general discussion.

Event

Policy Seminar on Stresses and Strains in China’s Financial System

Thursday, April 2, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

Darrell Duffie, the Dean Witter Distinguished Professor of Finance at Stanford University’s Graduate School of Business, presented his recent research on “Stresses and Strains in China’s Financial System.”

Event

Policy Seminar on Unfunded Retiree Healthcare: The Elephant in the Room

Thursday, March 5, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

Bob Pozen, Senior Lecturer at Harvard Business School and Senior Fellow at the Brookings Institution, discussed his work on “Unfunded Retiree Healthcare: The Elephant in the Room.”

Event

Policy Seminar on Lessons from the History of U.S. Trade Policy

Thursday, February 26, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

Douglas Irwin, the John Sloan Dickey Third Century Professor in the Social Sciences at Dartmouth College, discussed “Lessons from U.S. Trade Policy History.” 

Event

Policy Seminar on Labor Market Fluidity and Economic Performance: The Policy Implications

Thursday, February 19, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building
Steven Davis, the William H. Abbott Professor of International Business and Economics at the University of Chicago’s Booth School of Business, discussed his work with John Haltiwanger on “Labor Market Fluidity and Economic Performance.”
Event

Policy Seminar on a review of the Bank of England’s transparency practices

Monday, February 9, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building

Kevin Warsh, distinguished visiting fellow at Stanford University’s Hoover Institution and lecturer at Stanford’s Graduate School of Business, discussed his recent experience in being appointed by the Bank of England to review its practices and procedures relating to transparency in monetary policy. 

Event

Policy Seminar on A New Structure for U.S. Federal Debt

Wednesday, January 28, 2015
George Shultz Conference Room, Herbert Hoover Memorial Building
John Cochrane, senior fellow at the Hoover Institution and the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, discussed his work on “A New Structure for U.S. Federal Debt” (see http://faculty.chicagobooth.edu/john.cochrane/research/papers/Cochrane_US_Federal_Debt.pdf.)
Event

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

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.