Who is John B. Taylor?
John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University. At the Hoover Institution, he is a Senior Fellow of Economics. Additionally, he is in charge of the introductory economics center at Stanford University. He knows a lot about foreign economics, macroeconomics, and monetary policy. He is best known for making the Taylor Rule a tool for predicting interest rates. Based on several big-picture economic theories, the Taylor Rule says that the real interest rate should be 1.5 times the inflation rate.
More About John B. Taylor
He was a member of the President’s Council of Economic Advisers from 1976 to 1977 and from 1989 to 1991. Aside from that, he worked as an economic adviser for Congress from 1995 to 2001. Taylor was also undersecretary of the Treasury for foreign relations during the presidency of George W. Bush. He was on the California Governor’s Council of Economic Advisors from 1996–1998 and again from 2005–2010 when he lived in his home state.
Taylor wrote many influential books and studies, like the famous paper “Discretion vs. Policy Rules in Practice” in 1993. In that paper, he made the points known as “The Taylor Rule.” He has written hundreds of pieces and op-eds about macroeconomics and monetary policy and is often a guest on financial radio, TV, and podcasts. He has also won many important awards in economics, such as the Truman Medal for Economic Policy in 2015 and the 2016 Adam Smith Awards from the Association of Private Enterprise Education.
John B. Taylor has taught at Columbia University and the Woodrow Wilson School of Princeton in addition to his work at Stanford University. In 1968, he graduated with honors from Princeton with a B.A. in economics. In 1973, he earned his Ph.D. in economics from Stanford University.
