John B. Taylor

Mary and Robert Raymond Professor of Economics at Stanford University
Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution

 

Contact Information   One-Page Bio   Curriculum Vitae   Photo   Other Pictures

Recent Books

GlobalFinancialWarriors.com The Untold Story of International Finance in the Post-9/11 World Paperback Edition, 2008

Economics Sixth Edition 2009 with Akila Weerapana now available, book website

 

Interviews and Biographical

The Quest for Rules, Interview in Finance and Development, International Monetary Fund, March 2008  

The Taylor Rule and the Transformation of Monetary Policy, Federal Reserve Bank of Kansas City, December 2007

Adam Smith Award, National Association of Business Economics, September 2007

NZZ Profile on Monetary Policy, Translation, Neue Zurcher Zeitung, Zurich, September 2007

Back to the World of Ideas Article about returning to research and teaching after Washington, February 2007 

Interview on Monetary Research and Policy, From The Region, Federal Reserve Bank of Minneapolis, June 2006

Shorter Interview on Monetary Research and Policy, From Hoover Digest, Fall 2006, adapted from The Region

Profile on International Policy Making, From The Washington Diplomat, December 2005

Profile on Teaching, From Stanford Today

Interview about Research in the 1990s, From Conversations with Leading Economists

Interview on Global Imbalances and Monetary Policy Rules, Special Report, Citigroup Global Economic and Market Analysis

 

Collections of Articles on Monetary Policy and International Finance

Agenda for Dallas Fed Conference, (WSJ Op-Ed) October 2007

Policies in International Finance 2001-2005: Speeches and testimony given as Treasury Under Secretary with short background pieces.

International Journal of Central Banking A new journal publishing refereed papers of high analytical quality on policy relevant topics.

Monetary Policy Rules Home Page

Conference Recognizing 10th Anniversary of the Taylor Rule (Nov 2002) Conference Volume, Journal of Monetary Economics Vol. 50, No. 5
Monetary Policy Rules, (Editor), University of Chicago Press

Macroeconomic Policy in a World Economy also available on line  WW Norton

Inflation, Unemployment, and Monetary Policy, (with Robert Solow), MIT Press

Handbook of Macroeconomics, (Editor with Michael Woodford)

 

Recent Papers

            The Impacts of Globalization on Monetary Policy, Banque de France International Symposium, March 2008

            Monetary Policy and the State of the Economy, Testimony at House Financial Services Committee, 2/26/08

            The Costs and Benefits of Deviating from the Systematic Component of Monetary Policy, Address at San Francisco Fed, 2/22/08

            A Black Swan in the Money Market with John C. Williams, February 2008, (Revised April 2008).

            A Review of the Productivity Resurgence, Remarks at productivity panel, AEA meetings, Jan 2008             

            Better Living through Monetary Economics, Presented at AEA Meetings, Jan 2008

            The Importance of Being Predictable, Presented at 23rd Annual Policy Conference, St. Louis Fed. October 2007

             The Dual Nature of Forecast Targeting and Instrument Rules: Comment on M. Woodford’s Dallas paper, Oct 2007

             Monetary Theory: Do We Get More Out Of It Than We Put Into It? Speech at the Swiss National Bank, Sept 2007

The Long and the Short End of the Term Structure of Policy Rules with Josephine Smith, Sept 2007

The Explanatory Power of Monetary Policy Rules Adam Smith Lecture, National Association of Business Economics, Sept  2007

Housing and Monetary Policy Presented at the 2007 Jackson Hole Conference, Aug 2007

Globalization and Monetary Policy: Missions Impossible Girona, Spain, June 2007

Lessons of the Financial Crisis for the Design of the New International Financial Architecture, Keynote Address, Montevideo, May 2007

The 2002 Uruguayan Financial Crisis: Five Years Later Montevideo, May 2007

Lessons from the Recovery from the “Lost Decade” in Japan: The Case of the Great Intervention and Money Injection Japan, Sept 2006

            Implications of Globalization for Monetary Policy prepared for academic consultants meeting, Federal Reserve Board, September 2006

            Economic Reform and the Current Account: Implementing the Strategy Prepared for IMF Conference on the Current Account       

            Comments on “Tradeoffs in Monetary Policy” by Milton Friedman For David Laidler’s Festschrift

            Commentary on “The Rise of Off-Shoring” by G. Grossman and E. Rossi-Hansberg Presented at the 2006 Jackson Hole Conference

            Lessons Learned from the Implementation of Inflation Targeting  Paper for 80th Anniversary of Bank of Mexico

            Thirty-five Years of Model Building for Monetary Policy Evaluation: Breakthroughs, Dark Ages, and a Renaissance

            The Policy Support Instrument: A Key Component of the Recent IMF Reform Movement

Lessons Learned from the Greenspan Era Comments presented at the 2005 Jackson Hole conference

The International Implications of October 1979: Toward a Long Boom on a Global Scale

            Increasing Economic Growth and Stability in Emerging Markets

            Strengthening the Global Economy

       

Less Recent Papers

Commentary: Macroeconomic Implications of the New Economy

            Expectations, Open Market Operations, and Changes in the Federal Funds Rate

            Using Monetary Policy Rules in Emerging Market Economies

            The Role of the Exchange Rate in Monetary Policy Rules

            Low Inflation, Deflation, and Policies for Future Price Stability

            Recent (circa 2000) Development in the Use of Monetary Policy Rules  

            Alternative Views of the Monetary Transmission Mechanism

            Reassessing Discretionary Fiscal Policy         

            How the Rational Expectations Revolution has changed the Macroeconomic Policy Research 

            Low inflation, Pass Through, and the Pricing Power of Firms          

            The Monetary Transmission Mechanism and The Evaluation of Monetary Rules

            The Robustness and Efficiency of Monetary Policy Rules as Guidelines for the ECB

            Staggered Wage and Price Setting in Macroeconomics
            A Historical Analysis of Monetary Policy Rules
            Information Technology and Monetary Policy
            The Policy Rule Mix: A Macroeconomic Policy Evaluation
            Introduction to Monetary Policy Rules
            Applying Academic Research on Monetary Policy Rules

            Comments on "Monetary Policy Under Uncertainty"
            Comments on "Making Policy in a Changing World"  
            Summary Remarks at Bank Indonesia Conference

            Comments on "Three Lessons for Monetary Policy in a Low Inflation Era" 
            Comments on Athanasios Orphanides' The Quest for Prosperity Without Inflation (slides)

            Inflation Targeting and Monetary Rules: Experience and Research (slides)

            The New Normative Macroeconomics (slides)

 

Papers on the Long Boom and the Great Moderation

            Monetary Policy and the Long Boom

            Remarks on "Recent Changes in Trend and Cycle"

            The Long Boom: Sosa, McGwire, and Greenspan (slides)

     

              Recent Op-Ed Articles                 

            What the European Central Bank Needs to Do Hoover Digest

Five Things We Know For Sure Hoover Digest
            The Growth that Matters Most Hoover Digest

What Comes After 'Bretton Woods II'? Wall Street Journal, August 15, 2005

China’s Quiet Revolution  Hoover Digest    

Loan Rangers Wall Street Journal, April 19, 2006

Don't Talk the Talk, Wall Street Journal, July 13, 2006

             

              Economics Teaching 

            Remarks to Graduating Stanford Economics Majors
            Economics 169, Winter 2006
            Economics 212, Spring 2006

            Ideas for the Economics Lecture Innovative Techniques for Teaching Economics

            Surprise Side Economics: Ideas for Introductory Economics 

            Teaching Modern Macroeconomics at the Principles Level

   

Earlier Editions of Books  
              Economics, Second Edition, Houghton Mifflin
            Economics, Third Edition, Houghton Mifflin

            Economics, Fourth Edition, Houghton Mifflin

            Economics, Fifth Edition, Houghton Mifflin

            Economics, Sixth Edition, Houghton Mifflin
            Principles of Microeconomics, Second Edition, Houghton Mifflin
            Principles of Microeconomics, Third Edition, Houghton Mifflin

            Principles of Microeconomics, Fourth Edition, Houghton Mifflin

            Principles of Microeconomics, Fifth Edition, Houghton Mifflin

            Principles of Microeconomics, Sixth Edition, Houghton Mifflin

            Principles of Macroeconomics, Second Edition, Houghton Mifflin
            Principles of Macroeconomics, Third Edition, Houghton Mifflin

            Principles of Macroeconomics, Fourth Edition, Houghton Mifflin

            Principles of Macroeconomics, Fifth Edition, Houghton Mifflin

            Principles of Macroeconomics, Sixth Edition, Houghton Mifflin
            Macroeconomics , Principles Text for Australian Economy with Bruce Littleboy, Third Edition, John Wiley 

            Microeconomics, Principles Text for Australian Economy with Lionel Frost), Third Edition, John Wiley

            Macroeconomics, Intermediate Text with Robert E. Hall, Fifth Edition, W.W. Norton

            Macroeconomics Intermediate Text with Robert E. Hall and David Papell, Sixth Edition, WW Norton