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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Analysis and Commentary

All Fireworks Shows Cancelled In Bay Area

by John B. Taylorvia Economics One
Saturday, July 4, 2020

Yes. That’s the San Francisco Chronicle digital headline, and it’s true all over the United States of America, with some exceptions like Mount Rushmore last night and DC tonight.  Back in 2010, I started writing on each July 4th about the exploding fireworks and comparing them to the exploding long term projections of the federal debt by the Congressional Budget Office (CBO). 

Thomas Sowell discusses Intellectuals and Society on Uncommon Knowledge.
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Happy Birthday And A Terrific New Book By Thomas Sowell

by John B. Taylor featuring Thomas Sowellvia Economics One
Tuesday, June 30, 2020

Thomas Sowell has a new book. It is terrific and timely. It is called Charter Schools and Their Enemies, officially published today, June 30, 2020, which happens to be his 90th birthday. Happy Birthday, Tom, and thank you writing such a beautiful book.

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Broadband For All

by John B. Taylor, Jack Malleryvia Project Syndicate
Monday, June 29, 2020

By driving a large share of work and education online, the COVID-19 pandemic has likely triggered a permanent change in many economic sectors. That makes closing the digital divide and ensuring universal Internet access more urgent than ever.

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The Real Economic Opening We Need

by John B. Taylorvia Project Syndicate
Friday, May 29, 2020

Policymakers around the world already recognize that they need to find a way to reopen national economies safely and in accordance with policies to keep the COVID-19 pandemic under control. 

Policy InsightsFeatured

Infrastructure

by Russell Roberts, Lee Ohanian, Michael J. Boskin, Richard A. Epstein, John B. Taylor, John F. Cogan, Daniel Heilvia PolicyEd
Thursday, May 28, 2020

With COVID-19 wreaking havoc on the economy, some in Congress are proposing a large increase in infrastructure spending. Supporters claim that increased spending will boost the economy while ensuring future generations will benefit from improved transportation, power, and communication systems. But will increased federal spending on infrastructure deliver on these promises, or are there reasons to be skeptical?

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Macroeconomic Modelling Of Pandemics At Warp Speed

by John B. Taylorvia Economics One
Tuesday, May 19, 2020

A pressing research issue with deep policy relevance concerns how econometric models should be adapted, changed, or modified in light of the COVID-19 pandemic. A new Webinar series–Macroeconomic Modelling and Pandemics–has been created to examine this issue, to exchange views among researchers, and to bring more attention to the policy questions.

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A Conference That Would Have Been And Still Will Be

by John B. Taylorvia Economics One
Sunday, May 17, 2020

Two months ago, on March 14, 2020, we cancelled our annual Hoover monetary policy conference at Stanford on “Central Bank Strategy Reviews and Their Global Impact” then scheduled for May 1, 2020. The reason was that Stanford declared that “university units should cancel or postpone events they are hosting that involve more than 50 participants.” 

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Scott Atlas And John Taylor: COVID 19 And Reopening The Economy | Hoover Virtual Policy Briefing

interview with Scott W. Atlas, John B. Taylorvia Hoover Podcasts
Tuesday, May 5, 2020

AUDIO ONLY

Hoover Institution Fellows Scott Atlas And John Taylor: COVID 19 And Reopening the Economy. 
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Scott Atlas and John Taylor: COVID-19 and Reopening the Economy

interview with Scott W. Atlas, John B. Taylorvia Hoover Virtual Policy Briefings
Tuesday, May 5, 2020

A Hoover Virtual Policy Briefing with Scott Atlas and John Taylor: COVID-19 and Reopening the Economy  
Tuesday, May 5, 2020 at 11AM PT/ 2PM ET.

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