Fiscal Policy


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Federal Reserve chair Janet Yellen.
In the News

Politics At The Fed Is The Rule, Not The Exception

quoting John B. Taylor, Allan H. Meltzervia Dallas Morning News
Saturday, October 15, 2016

"We do not discuss politics at our meetings, and we do not take politics into account in our decisions." So claimed Janet Yellen, chairwoman of the Federal Reserve, at a recent press conference. If true, this is admirable. Given its ability to help or hinder the economy, it would be worrying if the central bank influenced, or was influenced by, the vagaries of politics.


World's Central Banks Should Raise Not Lower Rates: Robert Barro

interview with Robert J. Barrovia Arirang News
Friday, October 14, 2016

Hoover Institution fellow Robert Barro talks about the Bank of Korea along with other central banks who have kept nominal interest rates that they control too low, kind of artificially low, a strange kind of policy you haven't seen before the great recession created in 2008 and 2009. So I think Korea along with other central banks should be moving towards raising nominal rates back to the more nominal range maybe 3 to 4 percent.


Allan Meltzer On The John Batchelor Show (10:07)

interview with Allan H. Meltzervia The John Batchelor Show
Thursday, October 13, 2016

Hoover Institution fellow Allan Meltzer discusses his Defining Ideas article "Reform The Federal Reserve."

Federal Reserve

Niall Ferguson: Has Alan Greenspan Carried Too Much Blame For The Financial Crash?

interview with Niall Fergusonvia Economist
Thursday, October 13, 2016

Hoover Institution fellow Niall Ferguson discusses whether the legacy of former Federal Reserve chairman Alan Greenspan has been fairly or unfairly tarnished by the perception of his role in the financial crash.

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A “Big Intellectual Risk”

featuring Lee Ohanianvia Hoover Digest
Friday, October 21, 2016

Hoover fellow Lee E. Ohanian dared to question the belief that Franklin Roosevelt’s New Deal had anything to do with ending the Depression. His research continues—and continues to make ideologues uncomfortable. 

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In a Trade War, No One Wins

by Douglas A. Irwinvia Hoover Digest
Friday, October 21, 2016

What will help American workers? Free trade and better incentives—not protectionism. 

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Debt? What Debt?

by Charles Blahousvia Hoover Digest
Friday, October 21, 2016

The national debt is rising steeply. Somehow, voters manage not to notice. 

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America the Fixer-Upper

by George P. Shultz, John F. Coganvia Hoover Digest
Friday, October 21, 2016

If we got entitlement programs under control, we could pay for the infrastructure we desperately need. 

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Only a Clean Sweep Will Do

by John H. Cochranevia Hoover Digest
Friday, October 21, 2016

Americans live in a hoarder’s house cluttered with regulations, tax schemes, and other growth-killing junk. A mere tidying up? It’s far too late for that. 

Federal Reserve

It's About Time Fed Moves Rates Higher: John Taylor

interview with John B. Taylorvia CNBC
Tuesday, September 20, 2016

Hoover Institution fellow John Taylor shares his thoughts on why it's important for the Fed to raise rates now.


Economic Policy Working Group

The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple