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

Cutting National Debt = Stimulus

by John B. Taylorvia Daily Beast
Tuesday, July 20, 2010

If we’re not careful—and less spendthrift—the U.S. economy will be heading for a state of permanent recession, argues Stanford economist John B. Taylor...

Government Policy and the Slowdown

by John B. Taylorvia Advancing a Free Society
Monday, July 19, 2010

Is the economy slowing down and what has been the role of government?

New Data Show the Debt Problem Is Spending (not Taxes) and Obamacare Worsens the Problem

by John B. Taylorvia Advancing a Free Society
Sunday, July 18, 2010

Everyone now seems to agree that the exploding federal debt is a serious problem that must be addressed. But how? The following two charts provide some data to help answer that question.

Analysis and Commentary

New Data Show the Debt Problem Is Spending (not Taxes) and Obamacare Worsens the Problem

by John B. Taylorvia Economics One
Sunday, July 18, 2010

Everyone now seems to agree that the exploding federal debt is a serious problem that must be addressed. But how..?

Analysis and Commentary

A Chart for the Fourth of July

by John B. Taylorvia Economics One
Sunday, July 4, 2010

Just before Americans started celebrating the July 4th weekend, the Congressional Budget Office (CBO) released its annual Long Term Budget Outlook...

A Chart for the Fourth of July

by John B. Taylorvia Advancing a Free Society
Sunday, July 4, 2010

Just before Americans started celebrating the July 4th weekend, the Congressional Budget Office (CBO) released its annual Long Term Budget Outlook.

How to Feed a Recovery

by John B. Taylor, Jennifer Schonbergervia Hoover Digest
Friday, July 2, 2010

The economy is regaining strength, says Hoover fellow John B. Taylor, and government regulators should keep their distance, not interfere. By Jennifer Schonberger.

Financial Reform with False Remedies and Errors of Omission

by John B. Taylorvia Advancing a Free Society
Thursday, July 1, 2010

A common criticism of the Dodd-Frank bill keeps coming up as more people wade through the several hundred sections, or at least summaries of them. This common criticism is that the bill contains many false remedies and errors of omission.

Perspectives on the U.S. Economy: Fiscal Policy Issues

featuring John B. Taylorvia Committee on the Budget, United States Senate
Thursday, July 1, 2010
Testimony before the Committee on the Budget 
U.S. House of Representatives 
Analysis and Commentary

The Dodd-Frank Financial Fiasco

by John B. Taylorvia Wall Street Journal
Thursday, July 1, 2010

The bill all but guarantees bailouts as far as the eye can see, while failing to address real problems like Fan and Fred and our outdated bankruptcy code...

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