Property Rights, Innovation, And Prosperity with Terry Anderson and Stephen Haber.

Robert Kaplan, President of the Federal Reserve Bank of Dallas, discussed “Economic Conditions and the Path of Monetary Policy,” and Randal Quarles, Vice Chair for Supervision at the Federal Reserve Board and Chair of the Financial Stability Board, discussed “Supervision and Regulation in the US and the World in the Time of COVID,” with John Taylor moderating

Frank Smets, Director General of the European Central Bank, presented his paper "The Euro Area: Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases, and Fiscal Stimulus in a Low-Interest-Rate Environment,” with Gunter Coenen and Carlos Montes- Galdon). Monika Piazzesi, the Joan Kenney Professor of Economics at Stanford, was the discussant and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

For informed, reasoned discussion regarding nuclear threats facing the world and opportunities to address these threats, the Hoover Institution has compiled the work of its scholars on the subject into one comprehensive, easy-to-access section.

Sidney Drell is one of five recipients of the Heinz Family Foundation's $250,000 Heinz Awards for his efforts to limit 'the threat of nuclear annihilation while assuring our nation's adequate defense.

“NAFTA at Twenty,” a conference on the twentieth anniversary of the North American Free Trade Agreement, was hosted by the Hoover Institution at Stanford University on December 9, 2013. The conference brought those who negotiated NAFTA for Canada, the United States and Mexico together with leading scholars who have studied NAFTA’s effects.

People's Republic of China (PRC) statements asserting the "inevitability" of war in the Taiwan Strait and imposing a deadline for resolution of the Taiwan question loom larger as facets of debate over potential conflict between the PRC and Taiwan, particularly with Taipei's proposed constitutional revision in 2006 and Beijing's hosting of the Olympics in 2008 on the horizon. On the one hand, Beijing may believe that asserting deadlines for resolution of the Taiwan question through nonauthoritative channels is useful psychologically to undermine morale in Taiwan and deter U.S. military intervention. On the other hand, PRC media commentary to the contrary continues to underscore the difficult trade-offs between specificity and flexibility in Beijing's policymaking toward Taiwan. On balance, the evidence suggests that Beijing's position toward Taiwan (and, by extension, toward the role of the United States in a future conflict) has hardened since President Chen Shui-bian's reelection in spring 2004, elevating prospects of a military crisis in the next four years.

For observers of People's Liberation Army (PLA) politics and civilian-military relations, annual sessions of China's parliament—the National People's Congress (NPC)—are interesting for three main reasons. First, the session reviews the government's annual budget, which includes official figures for defense spending. These figures, with significant caveats, indicate the pace and scope of military modernization—as well as the relative political weight of the PLA. Second, roughly one-tenth of all delegates to the NPC are active-duty military officers, and their discussions (often complaints) in plenary sessions are useful markers of intramilitary concerns. Third, the NPC often passes military-related regulations, which sometimes reveal institutional or doctrinal trends in the armed forces. From that perspective, the second session of the 10th NPC in March 2004 is notable for restoring double-digit increases in the defense budget and for giving new guidance on military modernization and management of the army. Also notable was the absence of any visible civil-military split like the "two centers" debate from the NPC in March 2003.