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 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

Federal Reserve

Taylor on Reuters Insider: “it’s never easy to go back after you get used to the intervention”

by John B. Taylorvia Reuters
Thursday, May 1, 2014

Hoover senior fellow John Taylor discusses the Fed on Reuters Insider. Topics include renormalizing rates, the causes of the financial crisis, and undoing the Fed’s intervention.

Federal Reserve

Taylor on Santelli Exchange: “I don’t think it’s been successful, I don’t think it’s worked”

by John B. Taylorvia CNBC
Wednesday, April 30, 2014

Hoover senior fellow John Taylor discusses the Fed and the International Monetary Fund (IMF) on CNBC’s Santelli Exchange. Topics include quantitative easing, the Taylor rule, and the IMF plan for Ukraine.

Economics Concept
Analysis and Commentary

Deleting Vice and Other Revisions in Monetary Lectures

by John B. Taylorvia Economics One
Thursday, April 24, 2014

The Myth of "Secular Stagnation"

by John B. Taylorvia Hoover Digest
Monday, April 21, 2014

Presented as a profound new insight, the latest explanation for the lackluster recovery is a sorry example of sloppy thinking and stale excuses.

Economics Abstract
Analysis and Commentary

Debate Heats Up: Re-Normalize or New-Normalize Policy

by John B. Taylorvia Economics One
Sunday, April 20, 2014
Analysis and Commentary

A First Meeting of Old and New Keynesian Econometric Models

by John B. Taylorvia Economics One
Thursday, April 17, 2014
Analysis and Commentary

New Research Bolsters Link from Policy Uncertainty to Economy

by John B. Taylorvia Economics One
Tuesday, April 15, 2014
Analysis and Commentary

Transparency for Policy Wonks

by John B. Taylorvia Economics One
Saturday, April 5, 2014
Analysis and Commentary

Where Do Policy Rules Come From?

by John B. Taylorvia Economics One
Saturday, March 29, 2014

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