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, co-chairs the Hoover Technology, Economics and Governance Working Group, 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. His most recent book is Choose Economic Freedom: Enduring Policy Lessons from the 1970s and 1980s with George P. Shultz.

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

Getting Tax Reform History Right

by John B. Taylorvia Economics One (blog)
Saturday, October 13, 2012
Analysis and Commentary

Simple Proof That Strong Growth Has Typically Followed Financial Crises

by John B. Taylorvia Economics One (blog)
Thursday, October 11, 2012
Analysis and Commentary

Recent Part-time Job Increase Is Not a Good Sign

by John B. Taylorvia Economics One (blog)
Monday, October 8, 2012
Analysis and Commentary

From Economic Scare Stories to the Other Side of Reality

by John B. Taylorvia Economics One (blog)
Sunday, October 7, 2012
Analysis and Commentary

The Romney Cure For Obama-Induced Economic Ills

by John B. Taylorvia Wall Street Journal
Wednesday, October 3, 2012

When my economics students ask me how Mitt Romney's program will improve the economy, I begin by stressing the basic problems and then address the usual counterpoints.

Analysis and Commentary

Regulatory Expansion Versus Economic Expansion In Two Recoveries

by John B. Taylorvia Economics One (blog)
Friday, September 21, 2012

Government Regulatory Policies and the Delayed Economic Recovery

featuring John B. Taylorvia Committee on the Judiciary, United States House of Representatives
Thursday, September 20, 2012

Testimony before the Committee on the Judiciary
United States House of Representatives

Analysis and Commentary

The Eroding Effect Of QE3 On Mortgage Spreads

by John B. Taylorvia Economics One (blog)
Wednesday, September 19, 2012
Economics Abstract
Analysis and Commentary

The Magnitude of the Mess We're In

by George P. Shultz, John B. Taylor, Michael J. Boskin, John F. Cogan, Allan H. Meltzervia Wall Street Journal
Sunday, September 16, 2012

Sometimes a few facts tell important stories. The American economy now is full of facts that tell stories that you really don't want, but need, to hear.

 

Where are we now?

 

Bankruptcy Not Bailout: A Special Chapter 14
Books

Bankruptcy Not Bailout: A Special Chapter 14

by Kenneth E. Scott, John B. Taylorvia Hoover Institution Press
Friday, September 14, 2012

The events of the last several years on Wall Street make a compelling case for comprehensive, fundamental reform in the oversight of financial firms. In Bankruptcy Not Bailout, a group of expert contributors show why, if a new addition to the bankruptcy laws—Chapter 14—were implemented along with other genuine reforms, the changes could strengthen the US financial system and provide the impetus the US economy needs to thrive once again.

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