Presenters: Kern Alexander, M.P. Azevedo, Rodgin Cohen, Darrell Duffie, Randall Guynn, Richard Herring, Tom Huertas, Eva Hüpkes, Thomas Jackson, Jan Krahnen, Harvey Miller, Roberta Romano, Daniel Ryan, David Schraa, John Simonson, David Skeel, David Wall, Peter Wallison
Chairman Hebert Dwight convened the meeting of the Hoover Institution Board of Overseers at the Willard InterContinental hotel in Washington, DC, on Sunday, February 24, 2013.
The Hoover Institution hosted the "Elections, Policymaking, And Economic Uncertainty" on Tuesday, September 13, 2016 from 9:00am - 7:30pm. The event video is below.
HOOVER INSTITUTION AND
STANFORD INSTITUTE FOR ECONOMIC POLICY RESEARCH
This session will discuss the historical sources of prosperity in the United States and will look at the drivers of prosperity over the next century. Panelists will also address the ongoing debate about the impact of artificial intelligence and robotics on standards of living and the relevant facts and data to consider.
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.
Fear that failure of a large complex financial institution can cause severe damage to the economy has created a pervasive bailout mentality among policymakers in the United States. As a result the federal government has committed huge amounts of taxpayer dollars, intervened in a host of normally private–sector activities, and induced excessive risk‐taking by people expecting the bailout policy to continue. Americans are understandably angry about a policy which rescues the people who take risks and fail at the expense of everyone else. But how can we reduce the bailouts? As George Shultz puts it, “If clear and credible measures can be put into place that convince everybody that failure will be allowed, then the bailouts, and the expectations of bailouts, will recede and perhaps even disappear.” The purpose of this workshop is to propose, present, and debate such measures.
Stephen Haber, Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences at Stanford University, discussed “The Ecological Origins of Economic and Political Systems.”
Guest Speaker: James Hamilton (Professor of Economics at University of California at San Diego)
Faced with an aging and shrinking population and a weak economy, Russia’s future appears uncertain. Participants will explore how Russia is taking on the challenges posed by an aging and declining population and attempting to exploit the economic and military potential of advancing technologies.
Featuring Stephen Kotkin, Maria Smekalova speaking on behalf of former Russian Foreign Minister Igor Ivanov, Michael McFaul and David Holloway and moderated by Kori Schake, the Hoover Institution hosted a public panel discussion "Russia In An Emerging New World" on Wednesday, October 3, 2018 from 3:30pm - 5:00pm PST. The event was Livestreamed and can be viewed here.
The Hoover Institution hosted "Tools of Regulatory Reform: Maintaining Executive and Constitutional Order" on Friday, June 21, 2019 from 8:30 AM to 4:15 PM EDT.
John C. Williams, President of the Federal Reserve Bank of New York discussed “The FOMC's New Policy Framework” with John Taylor moderating.
This conference aims to consider central bank reforms relating to governance, oversight, and effectiveness. Since the Hoover conference “Frameworks for Central Banking in the Next Century,” held in May 2014, debates about central bank policy have intensified. This second conference will be in a round-table format, with short opening presentations, a lead discussant, and general discussion.
Severe stress in the financial markets has given rise to a host of unprecedented actions by the Federal Reserve, including the Bear Stearns intervention, new lending facilities for primary dealers, and a decision to authorize the Fed to lend to Fannie Mae and Freddie Mac should such lending become necessary.
Guest speaker: Frank Nothaft (Chief Economist, Freddie Mac)
Casey Mulligan, Professor of Economics at the University of Chicago, discussed “The Employer Penalty, Voluntary Compliance, and the Size Distribution of Firms: Evidence from a Survey of Small Businesses.”
Perspectives on monetary policy strategy.
Policy Workshop with the Center for Latin American Studies on the Uneven Recovery: Emerging Markets versus Developed Economies
Speakers: George P. Shultz, Pedro C. Aspe, Francisco Gil Díaz, Stephen Haber, Allan Meltzer, Leszek Balcerowicz, Michael J. Boskin, John B. Taylor, Pablo Villanueva
Does the US patent system as currently constituted hold up or push forward the commercialization of technological innovations? Does the US patent system frustrate or facilitate the inventive activities and entrepreneurial processes central to economic growth? The US patent system is a solution to a delicate balancing act where the complete absence of intellectual property rights or the overly broad specification of those rights can thwart innovation. Inventors require the means to earn a return on the years spent perfecting an invention