Economic Policy Working Group

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Analysis and Commentary

Is the US in For Secular Stagnation: Déjà Vu All Over Again

by Gary S. Beckervia Becker-Posner Blog
Monday, January 20, 2014
Analysis and Commentary

Valuable Dissent to the Transportation Research Board’s Special Stimulus Report

by John B. Taylorvia Economics One
Saturday, January 18, 2014

This past week the Transportation Research Board released its Special Report from the "Committee on Economic and Employment Benefits of Transportation Investments in Response to Economic Downturns....

Windmills in the Netherlands
Analysis and Commentary

A Dutch Cure for the Dutch Disease

by Michael J. Boskinvia Project Syndicate
Thursday, January 16, 2014

Far too few governments rein in their countries’ bloated welfare states before disaster strikes.
 

Interviews

John Taylor on the John Batchelor Show ( 19:27)

with John B. Taylorvia John Batchelor Show
Tuesday, January 14, 2014

Guests:  Larry Kudlow, The Kudlow Report, CNBC; and Cumulus Media radio. Philip Izzo, WSJ. John B. Taylor, Hoover & Wall Street Journal. James Taranto, Wall Street Journal.

Analysis and Commentary

Competition and the Efficiency of Bureaucracies

by Gary S. Beckervia Becker-Posner Blog
Sunday, January 12, 2014
In the News

Blame Polarization for Tepid Economic Growth?

with Jonathan Rodden, John B. Taylorvia Wall Street Journal
Monday, January 6, 2014

Chalk up another reason to worry about intensifying political polarization.


In the News

Study Suggests Recovery in U.S. Is Relatively Vital

with John B. Taylorvia New York Times
Sunday, January 5, 2014
Analysis and Commentary

Will the Real “Secular Stagnation Thesis” Please Stand Up

by John B. Taylorvia Economics One
Sunday, January 5, 2014

Last Thursday I published an oped in the Wall Street Journal criticizing the new “secular stagnation” view as put forth by Larry Summers in a talk at an IMF conference in November. The topic was al...

Analysis and Commentary

Recent Mexican Reforms and the Impact on the United States

by Gary S. Beckervia Becker-Posner Blog
Sunday, January 5, 2014

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
Participants
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 on the California Tax Reform

Wednesday, October 14, 2009

Guest Speaker: Michael J. Boskin (Hoover Institution Senior Fellow and T.M. Friedman Professor of Economics) and John F. Cogan (Hoover Institution Senior Fellow and Professor of Public Policy)

Event

Policy Seminar on the Fed’s exit strategy

Tuesday, September 29, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Kevin Warsh (Governor, Federal Reserve System)

Event

Meeting of the Resolution Project

Saturday, September 26, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

The group discussed the creation of a set of general criteria to apply to models of failure

Event

The Financial Crisis and the Economy

Tuesday, August 25, 2009

Guest Speaker: Chris Cox (Bingham McCutchen, LLP), former SEC Chairman

Event

New Resolution Project Planning Meeting

Tuesday, August 18, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building
The main purposes of this first meeting of the Resolution Project were (1) to define and discuss the 
overall scope of the project and (2) to begin exploring and documenting the current state of affairs. 
Event

Policy Seminar on the Role of Housing in the Financial Crisis

Friday, July 24, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest Speaker: Russell Roberts (Research Fellow, Hoover Institution, Professor of Economics, George Mason University)

Event

Meeting on the Treasury Proposal for Financial Reform

Monday, June 29, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building
The purpose of the June 29 meeting was to discuss the Obama Administration’s proposals for regulatory reform released on June 13.
Event

Policy Seminar on the Response to the Financial Crisis during 2008 from the Perspective of Inside the Treasury

Friday, May 22, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest speaker: Jim Wilkinson (The Brunswick Group, LLC), former Chief of Staff at the U.S. Treasury

Event

Workshop on the Future of Central Banking

Monday, March 30, 2009
Stauffer Auditorium

The financial crisis has given rise to numerous, large, and unprecedented actions by the Federal Reserve. At the time of our previous workshop on this topic last July, these actions included the Bear Stearns intervention, the new lending facilities for banks and primary dealers, and a decision to authorize the Fed to lend to Fannie Mae and Freddie Mac. Since then the list has expanded enormously to include the AIG intervention, the creation of a commercial paper funding facility, large loans to foreign central banks, and the purchase of assets backed by mortgages, credit card debt, and student loans. Recently the Treasury has proposed a large expansion of these purchases.

These developments raise important policy questions about the future of central banking policy. Many of the questions are best considered as part of a longer term overhaul of the financial regulatory structure including ways to reduce “the too big or too interconnected to fail” problem by creating new market mechanisms or alternative resolution systems. But there are also urgent policy issues to be addressed in the weeks and months ahead.

Event

Policy Seminar on the Mortgage Markets

Friday, February 27, 2009
George Shultz Conference Room, Herbert Hoover Memorial Building

Guest speaker: Frank Nothaft (Chief Economist, Freddie Mac)

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

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