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

The Transparent Effect of Foreign Interest Rates on Central Bank Decisions

by John B. Taylorvia Economics One
Sunday, September 26, 2010

The Norges Bank is a remarkably transparent central bank...While some have criticized publishing future interest rate forecasts, the experiences in Norway and Sweden show that there are advantages of such increased transparency...

Senate Budget Committee Reopens Debate on Policy and the Crisis

by John B. Taylorvia Advancing a Free Society
Thursday, September 23, 2010

In a hearing today, the Senate Budget Committee reopened the debate about whether the stimulus packages and other federal interventions have been effective.

Assessing the Federal Policy Response to the Economic Crisis

featuring John B. Taylorvia Committee on the Budget, United States Senate
Wednesday, September 22, 2010
Testimony before the Committee on the Budget
United States Senate
Analysis and Commentary

Senate Budget Committee Reopens Debate on Policy and the Crisis

by John B. Taylorvia Economics One
Wednesday, September 22, 2010

In a hearing today, the Senate Budget Committee reopened the debate about whether the stimulus packages and other federal interventions have been effective...

Timely Views on Deflation from Governor Shirakawa

by John B. Taylorvia Advancing a Free Society
Saturday, September 18, 2010

For years economists and policymakers in the United State have been expressing fears that America would enter a Japanese-style deflation and thereby experience a lost decade like Japan in the 1990s.

Analysis and Commentary

Timely Views on Deflation from Governor Shirakawa

by John B. Taylorvia Economics One
Saturday, September 18, 2010

For years economists and policymakers in the United State have been expressing fears that America would enter a Japanese-style deflation...It was therefore very helpful and quite refreshing that Bank of Japan Governor Masaaki Shirakawa’s chose to address this issue in a speech this week...

Not a Repeat of the Great Intervention

by John B. Taylorvia Advancing a Free Society
Friday, September 17, 2010

I am writing from Tokyo where I have spent a few days at the Bank of Japan.

Analysis and Commentary

Not a Repeat of the Great Intervention

by John B. Taylorvia Economics One
Friday, September 17, 2010

This week marked the first exchange market intervention by the Bank of Japan since March 16, 2004, a day I remember well...

Analysis and CommentaryBlank Section (Placeholder)

Principles for Economic Revival

by George P. Shultz, Michael J. Boskin, John F. Cogan, John B. Taylorvia Wall Street Journal
Thursday, September 16, 2010

Our prosperity has faded because policies have moved away from those that have proven to work. Here are the priorities that should guide policy makers as they seek to restore more rapid growth...

Lehman Weekend

by John B. Taylorvia Advancing a Free Society
Sunday, September 12, 2010

Two years ago, on Friday Sept 12, 2008, the Lehman Weekend began. Many people are still trying to figure out why the bailout of Lehman was aborted or what would have happened if there were a special bankruptcy chapter for such financial institutions.

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