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In the News

Capping NPA-Creation: Former RBI Governor Raghuram Rajan Has Important Suggestions

quoting Raghuram Rajanvia Financial Express
Thursday, September 13, 2018

There has been much debate on the large quantum of non-performing assets (NPAs) at public sector banks and the many reasons why they reached these levels. However, as former RBI Governor Raghuram Rajan has said, the government needs to focus on the sources of the next crisis, not just the last one. To begin with, the consortium mechanism—which, some say, is one of the causes of the trouble—should be dismantled. 

California PoliticsFeatured

Will Corporate California Go The Way Of Quotas?

by Bill Whalenvia California on Your Mind
Thursday, September 13, 2018

In the spirit of the adage “let’s keep politics out of the bedroom,” what about California’s government intervening in the boardroom?

Analysis and Commentary

The Misguided Assault On The Consumer Welfare Standard In The Age Of Platform Markets

by A. Douglas Melamed, Nicolas Petitvia SSRN
Wednesday, September 12, 2018

This paper discusses the recent scholarly and policy attack against the consumer welfare (“CW”) standard. It shows that the CW standard is not the explanatory factor for perceived low levels of antitrust enforcement in the US. The arguments made against the CW standard reflect a misunderstanding of its purpose and effects. Moreover, any deviation from the CW framework would likely weaken antitrust enforcement in the platform age.

In the News

Ohio Can Save The American Dream, Repel Robot Revolution With Better Job Skills, Mayors Are Told

quoting Eric Hanushekvia
Wednesday, September 12, 2018

Ohio faces high stakes as it tries to close its so-called skills gap, experts told mayors from across the state Monday. Try billions of dollars in earnings, the future of the American dream and the odds of surviving the coming robot revolution.


17 Years Of Economic And Security Challenges

by John B. Taylorvia Economics One
Tuesday, September 11, 2018

Today we remember September 11, 2001 and all that has changed in the past 17 years.


Pick Of The Day - Highlights From Raghuram Rajan’s Note On Non-Performing Assets

interview with Raghuram Rajanvia Money Control
Tuesday, September 11, 2018

Hoover Institution fellow Raghuram Rajan talks about depreciation of the rupee, emerging market scenarios, bad loans, and global trade war concerns.


Elizabeth Warren’s Corporate Illogic

by Richard A. Epsteinvia The Wall Street Journal
Tuesday, September 11, 2018

American corporate law provides that boards of directors are chosen solely by shareholders, to whom the directors owe an exclusive fiduciary duty to maximize shareholder value. That simple proposition has generated benefits not only for shareholders but also for workers, suppliers, customers, bondholders and communities.

Governance In An Emerging New World: Latin America

Monday, December 3, 2018

Foreign policy starts in the neighborhood. Mexico, Central America, and South America are at the tail-end of decades of rapid workforce growth, a period during which migration was central to their relationships with the United States. The panel will address how a tighter labor supply, alongside new means of production, will affect the economic development of our southern neighbors. It will also consider whether the public transparency offered by new forms of communications can improve governance, and with it, growth.

The Hoover Institution will host a public panel discussion "Latin America In An Emerging World" on Monday, December 3, 2018 from 3:30pm - 5:00pm PST. The event will also be Livestreamed and can be viewed here.


Raghuram Rajan Says Developed Markets Will Crack If Emerging Markets Slow Down

interview with Raghuram Rajanvia CNBC
Tuesday, September 11, 2018

Hoover Institution fellow Raghuram Rajan says that monetary policy cannot be the answer to all the problems, adding that developed markets will crack if emerging markets slowdown.

In the News

Rupee Not To Go In For Free Fall: Former RBI Governor Raghuram Rajan

featuring Raghuram Rajanvia Economic Times (India)
Monday, September 10, 2018

Former Reserve Bank Governor Raghuram Rajan Monday hoped that the rupee will not go in for a free fall as the central bank is appropriately raising interest rate to control inflation.


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