Government Policies and the Delayed Economic Recovery

Government Policies and the Delayed Economic Recovery

Editors: Lee E. Ohanian, John B. Taylor, Ian Wright
ISBN: 978-0-8179-1534-6
Publication Date: 9/2/2012
Pages: 262

The slow recovery from the recession of 2007–9 raises fundamental economic and public policy concerns. Government Policies and the Delayed Economic Recovery examines some possible causes of the weak recovery and presents empirical evidence that too much policy activism and other policy shortcomings have held back economic growth.

The book examines a wide range of policies that have led to the delayed economic recovery, from increased regulation to ineffective programs that have driven up the public debt. Although their opinions are not always the same, together the contributors reveal a common theme: the delayed recovery has been due to the enactment of poor economic policies and the failure to implement good ones. The authors conclude their analysis by providing a framework for how policies should change to restore strong economic growth.

Contributors: Scott R. Baker, Nicholas Bloom, John H. Cochrane, John F. Cogan, Steven J. Davis, Alan Greenspan, Robert E. Hall, Kyle F. Herkenhoff, Ellen R. McGrattan, Lee E. Ohanian, Edward C. Prescott, George P. Shultz, John B. Taylor, Ian J. Wright

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Ian Wright

Ian J. Wright is a PhD student in the Department of Economics at Stanford University and a recipient of the Shultz Graduate Student Fellowship in Economic Policy.

John B. Taylor

John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy and is director of Stanford’s Introductory Economics Center.


Lee E. Ohanian

Lee E. Ohanian is a professor of economics and director of the Ettinger Family Program in Macroeconomic Research at the University of California, Los Angeles, and a senior fellow at the Hoover Institution.

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