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

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

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The State of the Economy and Principles for Fiscal Stimulus

by John B. Taylorvia Analysis
Wednesday, November 19, 2008
Testimony before the Committee on the Budget 
United States Senate 
Analysis and Commentary

McCain's economic plan boosts middle class

by John B. Taylorvia San Francisco Chronicle
Sunday, October 5, 2008

John McCain's economic plan is designed from the ground up to raise incomes and create jobs for Americans - especially middle-class Americans - and get our economy moving again...

Analysis and Commentary

John McCain Has A Tax Plan To Create Jobs

by John B. Taylorvia Wall Street Journal
Tuesday, September 2, 2008

John McCain's tax policies are designed to create jobs, increase wages and allow all Americans -- especially those in the hard-pressed middle class -- to keep more of what they earn...

The Way Back to Stability and Growth in the Global Economy: The Mayekawa Lecture

by John B. Taylorvia Analysis
Wednesday, May 28, 2008
Presented at the 2008 International Conference: Frontiers in Monetary Theory and Policy 
The Institute for Monetary and Economic Studies 
Bank of Japan 

Monetary Policy and the State of the Economy

by John B. Taylor
Tuesday, February 26, 2008

Testimony before the Committee on Financial Services 
U.S. House of Representatives 

The Costs and Benefits of Deviating from the Systematic Component of Monetary Policy

by John B. Taylorvia Analysis
Friday, February 22, 2008
Keynote Address at the Federal Reserve Bank of San Francisco 
Conference on "Monetary Policy and Asset Markets” 

A Black Swan in the Money Market

by John B. Taylor
Thursday, February 21, 2008

John B. Taylor and John C. Williams, Working Group paper, updated April 2, 2008.

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The Economy According to Taylor and Judd

by Peter M. Robinsonwith Kenneth L. Judd, John B. Taylorvia Uncommon Knowledge
Monday, February 11, 2008

Are we, in fact, in a recession? If not, is one still headed our way? Economists John Taylor and Kenn Judd discuss not only the state of the current economic slowdown, but how the definition of recession is evolving. (30:58) Video transcript

Economic Strategy Is Paying Off

by John B. Taylorvia Hoover Digest
Wednesday, January 16, 2008

A call for a “surge” in jobs and prosperity in Iraq, whose rising economy has gone unheralded. By John B. Taylor.

Analysis and Commentary

The silver lining in America’s subprime cloud

by John B. Taylor, George P. Shultzvia Financial Times
Monday, November 5, 2007

Turmoil in the US’s financial markets got the top billing in news reports about the recent meetings of the world’s leading international policymakers in Washington...