Economic Policy Working Group

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Federal Reserve
In the News

US House GOP Set To Give Fed 100th Birthday Political Spanking

mentioning John B. Taylorvia MNI News
Tuesday, July 8, 2014

The House Financial Services Committee's Republican majority is prepared to celebrate the Federal Reserve Board's 100th birthday with a political spanking of sorts, as the panel discusses legislation Thursday that requires the central bank to craft a monetary policy "rule" and adhere to it except under dire circumstances.

Economics Concept
Interviews

John Taylor on the John Batchelor Show

interview with John B. Taylorvia John Batchelor Show
Tuesday, July 8, 2014

Senior Fellow John Taylor discussed the economy on the John Batchelor Show, co-hosted by CNBC's Larry Kudlow.

Economics Abstract
Analysis and Commentary

New Legislation Requires Fed to Adopt Policy Rule

by John B. Taylorvia Economics One
Monday, July 7, 2014

A lot of research and experience shows that more predictable rules-based monetary policy leads to better economic performance—both in terms of price stability and steadier-stronger employment and output growth.  But in practice there have been big swings in Fed policy between rules and discretion, with damaging results as in the 1970s and the past decade of a financial crisis, great recession and slow recovery.  

The Federal Reserve
Interviews

John Taylor on the Larry Kudlow Show ( 83:33)

interview with John B. Taylorvia Larry Kudlow Show
Saturday, July 5, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on the Larry Kudlow Show.

Federal Reserve
Interviews

John Taylor on The Hays Advantage

interview with John B. Taylorvia Bloomberg Radio
Wednesday, July 2, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on Bloomberg Radio’s The Hays Advantage.

Federal Reserve
Interviews

John Taylor on the Santelli Exchange

interview with John B. Taylorvia CNBC
Monday, June 30, 2014

Senior Fellow John Taylor discussed his Wall Street Journal piece, “The Fed Needs to Return to Monetary Rules,” on CNBC’s Santelli Exchange

Federal Reserve
Analysis and Commentary

The Fed Needs to Return to Monetary Rules

by John B. Taylorvia Wall Street Journal
Thursday, June 26, 2014

As the Federal Reserve's large-scale bond purchases wind down, financial markets and policy makers now are focused on when the Fed will move to increase interest rates.

Economics Abstract
Interviews

John Taylor on Squawk PreTrade

interview with John B. Taylorvia CNBC
Wednesday, June 25, 2014

Senior Fellow John Taylor discussed the Fed, Bank of England, and stimulus on CNBC Squawk PreTrade in London. 

an image
Analysis and Commentary

Stanford’s Economics 1 Now Coming Online

by John B. Taylorvia Economics One
Wednesday, June 18, 2014

I have been teaching economics at Stanford for many years. Economics 1 is one of my favorite courses, and it’s been one of the most popular courses at Stanford.

Economics Concept with a bar graph
Interviews

John Taylor on the John Batchelor Show

interview with John B. Taylorvia John Batchelor Show
Tuesday, June 3, 2014

Hoover senior fellow John Taylor discusses central banking on the John Batchelor Show.

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 Monetary Policy

Tuesday, February 12, 2013
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Charles Plosser (President of the Federal Reserve Bank of Philadelphia)

Event

Resolution Project Meeting with the FDIC

Saturday, February 9, 2013
Hoover Institution, Washington, DC

Meeting of the Resolution Project with Attendees from the Financial Deposit Insurance Corporation Hoover Institution, Washington, DC 

 

Event

Resolution Project Meeting with the Bipartisan Policy Center

Friday, February 8, 2013
Tabard Inn, Washington, DC
Meeting of the Resolution Project with the Bipartisan Policy Center Failure Resolution Working Group Tabard Inn, Washington, DC 
Event

Policy Seminar on Mexico and Policy Under the New Administration

Friday, December 14, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Pedro Aspe (former Finance Minister of Mexico)

Event

Policy Seminar on the crisis of unfunded liabilities at the state and local level and possible avenues for resolving it

Friday, November 30, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Joshua Rauh (Hoover Senior Fellow and Professor of Finance at the Stanford Graduate School of Business)

Event

Resolution Project Workshop on Global Systemically Important Financial Institutions

Saturday, November 10, 2012
Hoover Institution, Stanford, CA
Resolution Project Workshop on Global Systemically Important Financial Institutions Hoover Institution, Stanford, CA 
Event

Policy Seminar on the Future of Central Banking

Thursday, October 25, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: John Cochrane (Hoover Senior Fellow and Professor of Finance at the University of Chicago Booth School of Business)

Event

Policy Seminar on Dodd-Frank and the Future of Securities Regulation

Tuesday, October 16, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Troy Paredes (Commissioner of the U.S. Securities and Exchange Commission)

Event

Policy Seminar on Restraining Government Growth: Demographic and Procedural Hurdles

Tuesday, September 18, 2012
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: David Malpass (founder and president of Encima Global LLC, former Deputy Assistant Secretary of Treasury, Deputy Assistant Secretary of State, and Chief Economist at Bear Stearns)

Event

Policy Seminar on Foreclosure Delay and U.S. Unemployment

Thursday, August 9, 2012
Herbert Hoover Memorial Building, Room 330

Guest Speaker: Lee Ohanian (Hoover Institution and Professor of Economics, UCLA)

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.