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.

Filter By:

Topic

Type

Recent Commentary

Analysis and Commentary

More on Chapter 11F

by John B. Taylorvia Economics One
Sunday, May 9, 2010

My column published last Monday May 3 in the Wall Street Journal “How to Avoid a ‘Bailout Bill’” generated a lot of questions about the idea of a "Chapter 11F," which I argued is a needed alternative to bailouts...

More on Chapter 11F

by John B. Taylorvia Advancing a Free Society
Sunday, May 9, 2010

My column published last Monday May 3 in the Wall Street JournalHow to Avoid a ‘Bailout Bill’” generated a lot of questions about the idea of a

Analysis and CommentaryBlank Section (Placeholder)

How to Avoid a 'Bailout Bill'

by John B. Taylorvia Wall Street Journal
Monday, May 3, 2010

A new bankruptcy process is the right way to deal with failing financial institutions.

Analysis and Commentary

How to Avoid a 'Bailout Bill'

by John B. Taylorvia Wall Street Journal
Monday, May 3, 2010

A new bankruptcy process is the right way to deal with failing financial institutions...

Latest Data Continue To Show Little Impact of Government Stimulus on GDP

by John B. Taylorvia Advancing a Free Society
Saturday, May 1, 2010

The 3.2 percent growth rate of real GDP in the first quarter (released by BEA yesterday) confirms that the recovery is looking more U-shaped than V-shaped. But it also provides further evidence that the stimulus package of 2009 has had a small contribution to the recovery.

Analysis and Commentary

Latest Data Continue To Show Little Impact of Government Stimulus on GDP

by John B. Taylorvia Economics One
Saturday, May 1, 2010

The 3.2 percent growth rate of real GDP in the first quarter (released by BEA yesterday) confirms that the recovery is looking more U-shaped than V-shaped. But it also provides further evidence that the stimulus package of 2009 has had a small contribution to the recovery...

Will the Fed Ever Learn?

by John B. Taylorvia Hoover Digest
Thursday, April 22, 2010

Loose monetary policy clearly harmed the economy. If we don’t acknowledge it, we haven’t learned from it. By John B. Taylor.

An Exit Rule for Monetary Policy

featuring John B. Taylorvia Committee on Financial Services, U.S. House of Representatives
Thursday, March 25, 2010

Hoover Institution fellow John B. Taylor testified before the Committee on Financial Services, U.S. House of Representatives, on March 25, 2010.

Analysis and Commentary

Iraq's Debt Three Years Later

by John B. Taylorvia Economics One (blog)
Wednesday, March 24, 2010

Three years ago, a study of low and declining prices on Iraq's debt by Michael Greenstone of MIT helped paint a bleak picture of the effectiveness of the surge, as, for example, in this November 2007 New York Times op-ed by Austan Goolsbee "In the Bond Market, a Bleak Prognosis for Iraq.". . .

Pages