Economic Policy Working Group

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Property Rights to Frontier Land and Minerals: US Exceptionalism

by Gary D. Libecapvia Economics Working Papers
Thursday, May 31, 2018

Economics Working Paper 18109

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Perceived FOMC: The Making of Hawks, Doves and Swingers

by Michael D. Bordo, Klodiana Istrefivia Economics Working Papers
Friday, May 18, 2018

Economics Working Paper 18108

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Make Chimerica Great Again

by Niall Ferguson, Xiang Xuvia Economics Working Papers
Thursday, May 3, 2018

Economics Working Paper 18105

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The Impact of the Dodd-Frank Act on Small Business*

by Michael D. Bordo, John V. Ducavia Economics Working Papers
Friday, April 20, 2018

Economics Working Paper 18106

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Will China Collapse: A Review, Assessment And Outlook

by Xiang Xu, Alice Siqi Hanvia Economics Working Papers
Tuesday, February 27, 2018

Economics Working Paper 18104

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Alternatives For Reserve Balances And The Fed’s Balance Sheet In The Future

by John B. Taylorvia Economics Working Papers
Friday, January 26, 2018

Economics Working Paper 18103 

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Some Thoughts On International Monetary Policy Coordination

by Charles I. Plosservia Economics Working Papers
Tuesday, January 23, 2018

Economics Working Paper WP18101



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...


Archive of Working Papers on Economic Policy

Speeches and Testimony

John B. Taylor



George P. Shultz Senior Fellow in Economics
Wohlford Family Senior Fellow
Rose-Marie and Jack Anderson Senior Fellow
Leonard and Shirley Ely Senior Fellow
Senior Fellow
Senior Research Fellow
Thomas W. and Susan B. Ford Distinguished Fellow

Policy Seminar with Damon Jones

Wednesday, October 24, 2018
George Shultz Conference Room, Herbert Hoover Memorial Building

Damon Jones, Assistant Professor at the University of Chicago Harris School of Public Policy, discussed “What Do Workplace Wellness Programs Do? Evidence from the Illinois Workplace Wellness Study." 


Workshop Series on the 2008 Financial Crisis: Causes, The Panic, The Recession, Lessons

Friday, October 19, 2018
Annenberg Conference Room, Lou Henry Hoover Building

Market and policy antecedents and repercussions of the 2008 Financial Crisis and the Great Recession began long before and lasted long after the Lehman bankruptcy in September 2018. 


Policy Seminar with Guy Rolnik

Wednesday, May 30, 2018

Guy Rolnik, Clinical Associate Professor for Strategic Management at the University of Chicago Booth School of Business, and Founder of TheMarker, a financial news media company in Israel, will present “Digital Platforms and the Political Economy of Fake News.”


Policy Seminar with David Papell, the Joel W. Sailors Professor of Economics at the University of Houston

Wednesday, May 16, 2018
George Shultz Conference Room

David Papell, the Joel W. Sailors Professor of Economics at the University of Houston, presented “Policy Rules and Economic Performance.”

The following is a link to the slides from this presentation Policy Rules and Economic Performance.


Currencies, Capital, And Central Bank Balances: A Policy Conference

Friday, May 4, 2018
Hoover Institution, Stanford University

Two related issues pervade discussions of monetary policy at individual central banks and reform of the international monetary and financial system: (1) The volatility of capital flows and exchange rates, and (2) The use of balance sheet policy by central banks. The key issues are whether capital flow management is appropriate to deal with volatility and whether the central bank balance sheet should be reduced to a level where interest rates are market-determined. The issues are related because of the large effect of balance sheet operations on exchange rates and capital flows. The aim of the policy conference is to examine relevant research developments and debate the policy options. The conference consists of five formal presentations, three policy panels, and in-depth discussions.


Policy Seminar with Luigi Zingales

Thursday, April 26, 2018
George Shultz Conference Room

Luigi Zingales, the Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business, gave a talk on “the Financial Crisis Ten Years On.”


Policy Seminar with Michael Bordo

Wednesday, April 25, 2018
Annenberg Conference Room
Michael Bordo, Board of Governors Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey, gave a talk on “An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime.”

Policy Seminar with Francesco Trebbi

Wednesday, April 18, 2018
Annenberg Conference Room

Francesco Trebbi, Professor of Economics at the University of British Columbia, Vancouver School of Economics, gave a talk on “Making Policy Matter: Voter Responses to Campaign Promises,” (with Cesi Cruz, Phil Keefer, and Julien Labonne).


Policy Seminar with Steven Davis

Tuesday, March 20, 2018
Annenberg Conference Room

Steven Davis, the William H. Abbott Distinguished Service Professor Of International Business and Economics at the University of Chicago Booth School of Business, gave a talk on "Text-Based Insights into Stock Market Behavior."


Policy Seminar with David Leal

Monday, March 12, 2018
Annenberg Conference Room
David Leal, Professor of Government at the University of Texas at Austin, gave a talk on "Is Demographic Change Inevitable, and Inevitably Beneficial to Democrats?"


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



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.