John B. Taylor

Who Is John B. Taylor?

John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and a Senior Fellow of Economics at the Hoover Institution. He is likewise the Director of Stanford University Introductory Economics Center . His fields of expertise incorporate macroeconomics, monetary policy, and international economics. He is best known for his work making an interest rate forecasting device that came to be known as, The Taylor Rule. The Taylor Rule declares that the real interest rate ought to be 1.5 times the inflation rate, in light of several macroeconomic suspicions.

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He served on the President's Council of Economic Advisers from 1976-1977, and from 1989-1991. He was likewise a member of the Congressional Budget Office of Economic Advisers from 1995-2001. Taylor has likewise filled in as under-secretary of the Treasury for international affairs under the George W. Bush administration. In his home state of California, Taylor filled in as a member of the California Governor's Council of Economic Advisors from 1996-1998 and 2005-2010.

Taylor is the writer of many books and studies, including his milestone 1993 paper, Discretion Vs. Policy Rules in Practice, in which he acquainted the contentions that accompanied be known as The Taylor Rule. He is a successive visitor on financial TV, radio, and web recordings and has written many articles and commentaries around macroeconomics and monetary policy. He has additionally been the beneficiary of many recognized awards in the field of Economics, including the 2016 Adam Smith Awards from the Association of Private Enterprise Education and the 2015 Truman Medal for Economic Policy.

Notwithstanding his work at Stanford University, Taylor has likewise instructed at Columbia University and the Woodrow Wilson School of Princeton. He graduated summa cum laude from Princeton with a B.A. in Economics in 1968 and received his Ph.D. in Economics from Stanford University in 1973.