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

New Ideas about Monetary Policy from Jackson Hole

by John B. Taylorvia Economics One
Sunday, August 29, 2010

The main thing I took away from Ben Bernanke’s opener [at the annual monetary conference in Jackson Hole, Wyoming] was his call for a “cost-benefit” approach to determine whether another dose of unorthodox large scale asset purchases is needed...

Commentary: Monetary Policy after the Fall

by John B. Taylorvia Economics Working Papers
Saturday, August 28, 2010

Economics Working Paper WP10106

Bloomberg interviews John Taylor from Jackson Hole

by John B. Taylorvia Advancing a Free Society
Friday, August 27, 2010

Bloomberg’s Betty Liu interviews John Taylor about fiscal and monetary policy.

(photo credit: Gary Windust)

The Russian Export Ban: An Economic Story Worth Telling

by John B. Taylorvia Advancing a Free Society
Monday, August 23, 2010

The Soviet Union used to provide me with plenty of current event stories to tell students in Economics 1 about the wastes and harms of price controls and central planning.

Analysis and Commentary

The Russian Export Ban: An Economic Story Worth Telling

by John B. Taylorvia Economics One
Monday, August 23, 2010

[T]his summer’s grain export ban in Russia [is] a current event well worth telling students about...

Washington Consensus Versus Beijing Consensus on Economic Policy

by John B. Taylorvia Advancing a Free Society
Thursday, August 19, 2010

Does China’s remarkable economic growth, its stability during the recent financial crisis, and its immense foreign aid/investment in Africa raise doubts about free market policies and provide evidence in favor of a more interventionist approach?

Analysis and Commentary

Washington Consensus Versus Beijing Consensus on Economic Policy

by John B. Taylorvia Economics One
Thursday, August 19, 2010

Does China’s remarkable economic growth, its stability during the recent financial crisis, and its immense foreign aid/investment in Africa raise doubts about free market policies and provide evidence in favor of a more interventionist approach...?

Where Are We Now, Three Years After the Onset of the Crisis?

by John B. Taylorvia Advancing a Free Society
Thursday, August 12, 2010

This week marks the third anniversary of the flare up of the financial crisis in August 2007.

Analysis and Commentary

Where Are We Now, Three Years After the Onset of the Crsis?

by John B. Taylorvia Economics One
Thursday, August 12, 2010

This week marks the third anniversary of the flare up of the financial crisis in August 2007...We are now going into the fourth year of “crisis-recession-fizzled recovery” and for several reasons the outlook is bleak unless policy is changed as I had the chance to explain...

The Ryan Roadmap versus the Road to Ruin

by John B. Taylorvia Advancing a Free Society
Sunday, August 8, 2010

Congressman Paul Ryan’s Roadmap has suddenly become the focal point for debating how America should get its economic house in order. Fred Barnes of the Weekly Standard says to embrace it.

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