Economic Policy Working Group

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Analysis and Commentary

The Recession Dating Game

by Michael J. Boskinvia Project Syndicate
Monday, July 26, 2010

The optimism that emerged in the early stages of the recovery from the financial crisis and recession has given way to more sobering assessments of the short-, medium-, and long-run challenges facing the global economy and its constituent national parts...

Perspectives on the U.S. Economy: Fiscal Policy Issues

featuring John B. Taylorvia Committee on the Budget, United States Senate
Thursday, July 1, 2010
Testimony before the Committee on the Budget 
U.S. House of Representatives 
Analysis and Commentary

The Dodd-Frank Financial Fiasco

by John B. Taylorvia Wall Street Journal
Thursday, July 1, 2010

The bill all but guarantees bailouts as far as the eye can see, while failing to address real problems like Fan and Fred and our outdated bankruptcy code...

Analysis and Commentary

Why Was Poland the Only EU Country to Avoid Recession?

by John B. Taylorvia Economics One (blog)
Thursday, June 24, 2010

Poland is the only country in the European Union which did not have a recession during 2009...

The Financial Crisis: Causes and Lessons Learned

featuring John B. Taylorvia Analysis
Tuesday, June 22, 2010
Prepared for Presentation at the Warsaw Macroeconomic Forum 
Warsaw, Poland 

The Squam Lake Report: Fixing the Financial System

by Darrell Duffie, John H. Cochranevia Princeton University Press
Monday, June 14, 2010

In the fall of 2008, fifteen of the world's leading economists--representing the broadest spectrum of economic opinion--gathered at New Hampshire's Squam Lake. Their goal: the mapping of a long-term plan for financial regulation reform.

Analysis and Commentary

Central banks are losing credibility

by John B. Taylorvia Financial Times
Tuesday, May 11, 2010

Whether or not one believes that the €750bn European rescue plan will stabilise financial markets, its consequences for Europe’s economies are surely negative...

Analysis and Commentary

Time to Junk the Corporate Tax

by Michael J. Boskinvia Wall Street Journal
Thursday, May 6, 2010

Nobel Laureate Robert Lucas says reform would deliver great benefits at little cost, making it "the largest genuinely true free lunch I have seen...'



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

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.