Fiscal Policy

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Fellows in this Policy Area

Joshua D. Rauh

Senior Fellow

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Joshua D. Rauh

Senior Fellow

Joshua Rauh is the Ormond Family Professor of Finance at Stanford’s Graduate School of Business and a senior fellow at the Hoover Institution. He leads the Hoover Institution's Fiscal Policy Initiative and the Hoover Institution State and Local Governance Initiative. He formerly served at the White House where he was principal chief economist on the President’s Council of Economic Advisers (2019-20), and taught at the University of Chicago’s Booth School of Business (2004–9) and the Kellogg School of Management (2009–12). At the Hoover Institution he has served as Director of Research (2018-19). He has testified before House, Joint, and Joint Select Committees of the United States Congress, and he is a member of the Panel of Economic Advisers of the Congressional Budget Office. His research focuses on government liabilities, corporate and individual taxation, and institutional investing. His work has received media coverage in outlets such as the Wall Street Journal, the New York Times, the Financial Times, and The Economist. He has received various awards recognizing his scholarship including the Brattle Prize and the Smith Breeden Prize of the American Finance Association. His scholarly papers have appeared in journals such as the Journal of Political Economy, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Public Economics. He is a Research Associate of the National Bureau of Economic Research. He has published numerous op-eds in outlets including the Wall Street Journal, The Hill, and The National Review online. His PragerU videos on public pensions, the role of government, and taxation and inequality have together been viewed over 10 million times. He is the founder of the Liberty Lens Economics Substack. Prior to his academic career, Dr. Rauh was an associate economist at Goldman Sachs in London. He received a BA from Yale University and a PhD from the Massachusetts Institute of Technology, both in economics.

Lee Ohanian

Senior Fellow (adjunct)

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Lee Ohanian

Senior Fellow (adjunct)

Lee E. Ohanian is a senior fellow (adjunct) at the Hoover Institution and a professor of economics and director of the Ettinger Family Program in Macroeconomic Research at the University of California, Los Angeles (UCLA). He is associate director of the Center for the Advanced Study in Economic Efficiency at Arizona State University and a research associate at the National Bureau of Economic Research, where he codirects the research initiative Macroeconomics across Time and Space. He is also a fellow in the Society for the Advancement of Economic Theory. His research focuses on economic crises, economic growth, and the impact of public policy on the economy. Ohanian is coeditor of Government Policies and Delayed Economic Recovery (Hoover Institution Press, 2012). He is an adviser to the Federal Reserve Banks of Minneapolis and St. Louis, has previously advised other Federal Reserve banks, foreign central banks, and the National Science Foundation, and has testified to national and state legislative committees on economic policy. He is on the editorial boards of Econometrica and Macroeconomic Dynamics. He is a frequent media commentator and writes for the Wall Street Journal, Forbes, and Investor’s Business Daily. He has won numerous teaching awards at UCLA and the University of Rochester. He previously served on the faculties of the Universities of Minnesota and Pennsylvania and as vice president at Security Pacific Bank. He received his undergraduate degree in economics from the University of California, Santa Barbara, and his PhD in economics from the University of Rochester.