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 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...

Analysis and Commentary

The Empty Chair at the Iraq Hearings

by John B. Taylorvia Washington Post
Thursday, November 1, 2007

Effective foreign policy requires paying close attention to economics, not just security and politics...

Housing and Monetary Policy

by John B. Taylor
Wednesday, August 1, 2007

John B. Taylor, Address at the Annual Jackson Hole Symposium sponsored by the Federal Reserve Bank of Kansas City, August 2007

Financial Reinforcements

by John B. Taylorvia Hoover Digest
Tuesday, June 19, 2007

While the troops go after the terrorists, officials back in Washington must keep after the terrorists' assets. By John B. Taylor.

Analysis and Commentary

The First Shot in the Global War on Terror

by John B. Taylorvia Human Events Online
Monday, April 9, 2007

Some in the new Congress want to ban the term “global war on terror..."

Dollars for Dinars

by John B. Taylorvia Hoover Digest
Sunday, April 1, 2007

How shipping tons of U.S. currency to Iraq remade its economy—and was roundly criticized all the same. Good decision, bad press. By John B. Taylor.

Analysis and Commentary

Reinforcing the financial front

by John B. Taylorvia San Francisco Chronicle
Friday, March 2, 2007

Even as Congress and the Bush administration debate the troop surge in Iraq, they should agree immediately to implement a surge on the financial front in the "war on terror."

Analysis and Commentary

Billions Over Baghdad

by John B. Taylorvia New York Times
Tuesday, February 27, 2007

Earlier this month, the House Committee on Oversight and Government Reform held a hearing that criticized the decision to ship American currency into Iraq just after Saddam Hussein’s government fell...