Economic Policy Working Group

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Analysis and Commentary

Fed does not need more powers

by John B. Taylor with George P. Shultzvia Financial Times
Sunday, August 9, 2009

The Obama administration’s financial reform proposals would grant the Federal Reserve significant new powers...

Analysis and Commentary

Letter: It’s Worth the Trouble To Value Toxic Assets

by John B. Taylor, Kenneth E. Scottvia Wall Street Journal
Saturday, August 1, 2009

The letters (July 27) on our July 20 op-ed on the complexity and pricing difficulty of toxic assets raise practical issues...

Analysis and Commentary

Obama Needs a Move to the Middle

by Michael J. Boskinvia Wall Street Journal
Thursday, July 23, 2009

While strong recoveries sometimes follow deep recessions, historically recoveries following financial crises have been slow and painful...

Analysis and Commentary

Of Banks and Bailouts

by Michael J. Boskinvia Project Syndicate
Thursday, July 23, 2009

Early signs of a manufacturing rebound, already strong in Asia, lend hope for some modest recovery from today’s deep global recession...

Analysis and Commentary

Why Toxic Assets Are So Hard to Clean Up

by Kenneth E. Scott, John B. Taylorvia Wall Street Journal
Monday, July 20, 2009

Despite trillions of dollars of new government programs, one of the original causes of the financial crisis -- the toxic assets on bank balance sheets -- still persists and remains a serious impediment to economic recovery...

Empirically Evaluating Economic Policy in Real Time

featuring John B. Taylorvia Analysis
Friday, July 10, 2009
The Martin Feldstein Lecture
National Bureau of Economic Research 

Monetary Policy and Systemic Risk Regulation

featuring John B. Taylorvia Committee on Financial Services, U.S. House of Representatives
Thursday, July 9, 2009

Hoover Institution fellow John B. Taylor testified to the Committee on Financial Services, U.S. House of Representative, on July 9, 2009.

John B. Taylor

Monetary Policy and Systemic Risk Regulation

featuring John B. Taylorvia Defining Ideas
Thursday, July 9, 2009

Granting the Fed new regulatory power will negatively affect its independence

Michael Boskin

The U.S. Economy Is Becoming Reliant on Government Fixes

by Michael J. Boskinvia Defining Ideas
Friday, May 29, 2009

Higher spending, higher taxes, and an explosion of debt will crowd out borrowing in capital markets.

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

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.