Hoover Institution: Taylor Receives 2016 Central Banking Award For Economics

Tuesday, January 19, 2016

The Hoover Institution is pleased to announce that Senior Fellow and Stanford Economics Professor John B. Taylor will receive the 2016 Central Banking Award for Economics. This esteemed award is given by Central Banking Publications, a publishing outfit known for providing informed debate about monetary policy for the past 25 years.

“I am honored to be named the recipient of the Central Banking Award for Economics for research work on the international monetary system,” said Taylor. “Not only is it a pleasure to have Central Banking Publications recognize my work, but it is privilege to be recognized among a group of scholars for whom I have deep respect.”

The award is bestowed annually for the contribution that the Central Bank Awards Committee determines makes “the most significant contribution to economics within the field of central banking.” Taylor received the award for his paper, “A Rules-Based Cooperatively-Managed International Monetary System for the Future, “ which he presented at a conference in October marking the 30th Anniversary of the 1985 Plaza Accord.  According to the announcement, “John Taylor's proposals for a rules-based global equilibrium look highly prescient….Taylor outlines proposals that do not require central banks to deviate from domestically optimal policy, and yet deliver a near-optimal outcome on the global level.”

“John is a leading voice in monetary and banking policy.  His research continues to frame the monetary policy discussion, and his numerous papers and books are a preeminent resource in this key area of economics,” said Tom Gilligan, director, Hoover Institution. “We are proud of the value and prestige that John brings to the Hoover Institution.  I congratulate him on another tremendous achievement.”

The award ceremony will take place in London on March 3, 2016 at the Waldorf Hilton Hotel. Taylor will receive the Award for Economics along with award winners in other categories including Erdem Başçı of Turkey for “Governor of the Year” and Governor Zeti Akhtar Aziz of Malaysia for “Lifetime Achievement.”

About the Hoover Institution:  The Hoover Institution, Stanford University, is a public policy research center devoted to the advanced study of economics, politics, history, and political economy—both domestic and foreign—as well as international affairs. With its eminent scholars and world-renowned Library & Archives, the Hoover Institution seeks to improve the human condition by advancing ideas that promote economic opportunity and prosperity, and secure and safeguard peace for America and all mankind.

CONTACT INFORMATION:  Jenny Mayfield | Office of Public Affairs | Hoover Institution jennymayfield [at] stanford [dot] edu | 650-723-0603