Hoover Institution Hosts Monetary Policy Conference Marking Thirty Years Of The Taylor Rule
Rachel Moltz
Wed, 05/24/2023 – 06:09
Hoover Institution (Stanford, CA) – The Hoover Institution hosted its thirteenth Monetary Policy Conference on Friday, May 12, gathering prominent scholars for discussions on how to get the economy back on track following a period of record inflation not experienced since the 1970s.
Chaired by Hoover fellows John Taylor, John Cochrane, and Michael Bordo, the conference was opened by the Institution’s director, Condoleezza Rice, who congratulated Taylor on the thirtieth anniversary of the monetary policy strategy he formulated (the Taylor Rule) to foster price stability and economic growth.
In her introductory remarks, Rice expressed concerns about the destabilization of the international order that is being driven by such factors as the Chinese Communist Party’s global ambitions, Russia’s invasion of Ukraine, and the rapid advancement of artificial intelligence. Rice also highlighted the negative effects of globalization on certain segments of the US population, leading to the rise of populist movements that continue to significantly shape politics in America. She emphasized the need for international cooperation to overcome geopolitical tensions and rebuild a sustainable global order in which peace and prosperity can thrive.
Thirtieth Anniversary …read more
Source:: Hoover Institution
