John B. Taylor is a senior fellow at the Stanford Institute for Economic Policy Research (SIEPR), where he formerly served as director. He is the Mary and Robert Raymond Professor of Economics at Stanford, the George P. Shultz Senior Fellow in Economics at the Hoover Institution, and director of the Stanford Introductory Economics Center.
Taylor is known for his research on the foundations of modern monetary theory and policy, which has been applied by central banks and financial market analysts around the world.
He currently is president of the Mont Pelerin Society and recently served on the Eminent Persons Group on Global Financial Governance created by the G20. He was a senior economist on the President’s Council of Economic Advisers from 1976 to 1977, a member of the Council of Economic Advisers from 1989 to 1991, a member of the Congressional Budget Office’s Panel of Economic Advisers from 1995 to 2001, and member of the California Governor’s Council of Economic Advisors (1996-98 and 2005-10).
Taylor served as Treasury undersecretary for international affairs from 2001 to 2005 and his book Global Financial Warriors: The Untold Story of International Finance in the Post-9/11 World chronicles those years. Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis was one of the first on the financial crisis and he has since followed up with 10 additional books on restoring economic growth and preventing future crises, including First Principles: Five Keys to Restoring Americas’ Prosperity for which he won the 2012 Hayek Prize. His most recent book is Choose Economic Freedom with George P. Shultz.
Taylor received the 2016 Adam Smith Award from the Association of Private Enterprise Education and the 2015 Truman Medal for Economic Policy for extraordinary contributions to economic policy. In 2010, he received the Bradley Prize from the Bradley Foundation and the Adam Smith Award from the National Association for Business Economics for his work as a researcher, public servant, and teacher. Taylor was awarded the Alexander Hamilton Award for his overall leadership at the U.S. 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. He was awarded the George P. Shultz Distinguished Public Service Award at Stanford. He received the Hoagland Prize for excellence in undergraduate teaching, the Rhodes Prize for his high teaching ratings in Stanford’s introductory economics course, and the 2015 Stanford Economics Department Distinguished Faculty Teaching Award. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society. He formerly served as vice president of the America Economic Association.
Previously, Taylor was professor of economics at Princeton and Columbia. He received a BA summa cum laude from Princeton in 1968 and a PhD in economics from Stanford in 1973.