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

The Corona Economy with John B. Taylor

interview with John B. Taylorvia Uncommon Knowledge
Friday, March 27, 2020

TRANSCRIPT ONLY

In this first of a new series of Uncommon Knowledge with Peter Robinson conversations done via webcam, Peter Robinson talks to John B. Taylor, the Hoover Institution’s George P. Shultz Senior Fellow in Economics.

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The Corona Economy With John B. Taylor

interview with John B. Taylorvia Uncommon Knowledge
Friday, March 27, 2020

In this first of a new series of Uncommon Knowledge with Peter Robinson conversations done via webcam, Peter Robinson talks to John B. Taylor, the Hoover Institution’s George P. Shultz Senior Fellow in Economics.

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Toward A Coherent Economic Strategy For COVID-19

by John B. Taylorvia Project Syndicate
Thursday, March 26, 2020

Although the COVID-19 crisis has been widely compared to the 2008 market collapse, a better analogy is the terrorist attacks of September 11, 2001. After that tragedy, the US government identified the root cause of the economic fallout and devised an effective strategy to address it.

In the News

The Race To Subzero: John B. Taylor Et Al. On Monetary Policy In The 21st Century

featuring John B. Taylorvia The Politic
Monday, March 23, 2020

“We’d all be better off globally if interest rates went back into positive territory, ” John B. Taylor said in an interview with The Politic. Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, served as Undersecretary of International Affairs at the U.S. Treasury from 2001 to 2005. But he is best known as the mastermind behind the eponymous “Taylor rule,” a simple but powerful rule of thumb for monetary policymakers.

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John Taylor: Choose Economic Freedom, Choose Things That Work

interview with John B. Taylorvia CNBC
Thursday, March 19, 2020

Hoover Institution fellow John Taylor discusses policy responses to the COVID-19 economic crisis.

Federal Reserve
InterviewsEconomy

John Taylor: Former Fed Governor On How The Central Bank Can Help Small Businesses With Coronavirus Volatility

interview with John B. Taylorvia CNBC Television
Tuesday, March 17, 2020

Hoover Institution fellow John Taylor discusses what the Fed is doing to calm the markets and Taylor notes that more specific actions are needed as well as the reasons for those actions.

InterviewsEconomy

It's More Important Than Ever For Fed To Clarify Strategy, John Taylor Says

interview with John B. Taylorvia Bloomberg
Friday, March 13, 2020

Hoover Institution fellow John Taylor discusses the outlook for Federal Reserve monetary policy amid the coronavirus outbreak.

InterviewsEconomy

John Taylor On The Bloomberg Surveillance Podcast

interview with John B. Taylorvia Bloomberg
Friday, March 13, 2020

(26:15) Hoover Institution fellow John Taylor says countries need more clarification and coordination on their next steps to combating coronavirus.

FeaturedEconomy

Expect Sales To Increase In Areas Outside Travel And Leisure Amid Coronavirus Outbreak, Says John Taylor

interview with John B. Taylorvia CNBC
Friday, March 6, 2020

Hoover Institution fellow John Taylor discusses the effect of the coronavirus on markets and monetary policy.

InterviewsEconomy

John Taylor: Fed Likely Won't Cut Rates Before March Meeting Because Of Coronavirus Concerns

interview with John B. Taylorvia CNBC
Tuesday, March 3, 2020

Hoover Institution fellow John Taylor discusses what's ahead for the Fed as well as global interest rates in light of the issues created by the coronavirus.

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