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

Financial Reform with False Remedies and Errors of Omission

by John B. Taylorvia Economics One
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...

Why was Poland the only EU country to avoid recession?

by John B. Taylorvia Advancing a Free Society
Thursday, June 24, 2010

Poland is the only country in the European Union which did not have a recession during 2009, as shown in this chart. And among all the OECD countries, Poland had the best real growth performance in 2009.

Analysis and Commentary

Why Was Poland the Only EU Country to Avoid Recession?

by John B. Taylorvia Economics One (blog)
Thursday, June 24, 2010

Poland is the only country in the European Union which did not have a recession during 2009...

The Financial Crisis: Causes and Lessons Learned

featuring John B. Taylorvia Analysis
Tuesday, June 22, 2010
Prepared for Presentation at the Warsaw Macroeconomic Forum 
Warsaw, Poland 

Macroeconomic Lessons from The Great Deviation

by John B. Taylorvia Advancing a Free Society
Monday, June 21, 2010

Each year for the past 25 years the National Bureau of Economic Research has sponsored a conference on macroeconomics with a special emphasis on empirical research with policy relevance.

Analysis and Commentary

Macroeconomic Lessons from The Great Deviation

by John B. Taylorvia Economics One
Thursday, June 17, 2010

Each year for the past 25 years the National Bureau of Economic Research has sponsored a conference on macroeconomics with a special emphasis on empirical research with policy relevance...

Is an Orderly Restructuring of Greek Debt Feasible?

by John B. Taylorvia Advancing a Free Society
Monday, June 14, 2010

Many economists argue that the Greek government, even with the help of the European/IMF rescue package, will eventually have to restructure its debt.

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

by John B. Taylorvia Advancing a Free Society
Friday, June 11, 2010

People often ask me what it’s like to teach both introductory economics courses and Ph.D. level economics courses in the same academic year, which I have done regularly for many years at Stanford including this year.

Is the G20 Starting to Get Back on Track?

by John B. Taylorvia Advancing a Free Society
Monday, June 7, 2010

This past weekend’s meeting of the G20 finance ministers and central bank governors in Korea ended with a rejection of calls for more fiscal stimulus. This is a marked change from their meeting held just over a month ago in Washington. It’s a change for the better.

Analysis and Commentary

Is the G20 Starting to Get Back on Track?

by John B. Taylorvia Economics One
Monday, June 7, 2010

This past weekend’s meeting of the G20 finance ministers and central bank governors in Korea ended with a rejection of calls for more fiscal stimulus. This is a marked change from their meeting held just over a month ago in Washington...

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