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

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


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


by Russ 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.


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


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.

Analysis and Commentary

Deepak Lal And Market-Oriented Policies

by John B. Taylorvia Economics One
Friday, May 1, 2020

Deepak Lal, an outspoken champion of freedom and market‐​oriented policies throughout the world, died yesterday in London. I heard the sad news from my friend Ed Feulner who called on the phone tonight, and I just read the beautiful tribute by Ian Vasquez Remembering Deepak Lal. Deepak was professor emeritus at UCLA and the University College London, and a senior fellow at the Cato Institute. 

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Strategies for Monetary Policy

via Hoover Institution Press
Thursday, April 23, 2020

Assesses possible practical ways in which we might refine our existing monetary policy framework to better achieve our dual-mandate goals of full employment and price stability on a sustained basis.

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The Trouble with Tariffs

by John B. Taylorvia Hoover Digest
Monday, April 20, 2020

Tariffs are sometimes seen as war by other means—and trade conflicts aren’t exempt from the fog of war.