John B. Taylor

George P. Shultz Senior Fellow in Economics
Awards and Honors:
American Academy of Arts and Sciences
Econometric Society (elected fellow)
Economics Distinguished Faculty Teaching Award
(2015)
Biography: 

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.

Taylor's fields of expertise are monetary policy, fiscal policy, and international economics. His book Getting Off Track was one of the first on the financial crisis; his latest book, First Principles, for which he received the 2012 Hayek Prize, develops an economic plan to restore America’s prosperity.

Taylor served as senior economist on President Ford's and President Carter’s Council of Economic Advisers, as a member of President George H. W. Bush's Council of Economic Advisers, and as a senior economic adviser to Bob Dole’s presidential campaign, to George W. Bush’s presidential campaign in 2000, and to John McCain’s presidential campaign. He was a member of the Congressional Budget Office's Panel of Economic Advisers from 1995 to 2001. From 2001 to 2005, Taylor served as undersecretary of the Treasury for international affairs where he was responsible for currency markets, international development, for oversight of the International Monetary Fund and the World Bank, and for coordinating policy with the G-7 and G-20.

Taylor received the Bradley Prize from the Bradley Foundation and the Adam Smith Award as well as the Adolph G. Abramson Award from the National Association for Business Economics. He was awarded the Alexander Hamilton Award for his overall leadership at the US Treasury, the Treasury Distinguished Service Award for designing and implementing the currency reforms in Iraq, and the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. At Stanford he was awarded the George P. Shultz Distinguished Public Service Award, as well as the Hoagland Prize and the Rhodes Prize for excellence in undergraduate teaching. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society; he formerly served as vice president of the American Economic Association.

Taylor received the 2016 Adam Smith Award from the Association of Private Enterprise Education and the 2015 Truman Medal for Economic Policy for extraordinary contribution to the formation and conduct of economic policy.

Taylor formerly held positions as professor of economics at Princeton University and Columbia University. Taylor received a BA in economics summa cum laude from Princeton University in 1968 and a PhD in economics from Stanford University in 1973.

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Recent Commentary

Analysis and Commentary

Despite claims, data continue to show small impact of stimulus

by John B. Taylorwith John F. Coganvia Economics One (blog)

Debate about the impact of the $787 billion stimulus continued this week...

Analysis and Commentary

From Fiscal Stimulus and Fiscal Anti-Stimulus

by John B. Taylorwith John F. Coganvia Economics One (blog)

In an interesting new paper, University of Chicago economists Thorsten Drautzburg and Harald Uhlig calculate the impact the $787 billion fiscal stimulus package passed last year. . . .

Analysis and Commentary

Fuori Strada

by John B. Taylorvia Economics One (blog)

This cover design of Fuori Strada: Como lo Stato ha causato, prolungato e aggravato la crisi finanziaria, the just released Italian edition of Getting Off Track, says it all, and the economic policy lessons are the same in any language: Get back on the road...

Analysis and Commentary

Teaching What Is Exciting, Wonderful, and Fun...at All Levels

by John B. Taylorvia Economics One (blog)

People often ask me what it’s like to teach both introductory economics courses and Ph.D. level economics course in the same academic year...

Analysis and Commentary

Two Masters Speak on Power of Markets

by John B. Taylorvia Economics One (blog)

The "free market" lectures--we had them last week at Stanford--are my favorites in Economics One...

Analysis and Commentary

Why Triple IMF Resources Now?

by John B. Taylorwith Kiron K. Skinnervia Economics One (blog)

As the G20 Leaders travel to Pittsburgh this weekend they should reconsider their April 2 decision “to treble the resources available to the International Monetary Fund (IMF) to $750 billion.”...

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