Bradley Prize recipient John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University in Stanford, Calif., and the George P. Shultz Fellow in Economics at Stanford’s Hoover Institution, where he chairs the Working Group on Economic Policy. He is also a senior fellow at the Stanford Institute for Economic Policy Research.
A leading expert on monetary policy, fiscal policy, and international economics, Taylor serves as U.S. Under Secretary of the Treasury for International Affairs from 2001 to 2005. His book Global Financial Warriors: The Untold Story of International Finance in the Post-9/11 Worldchronicles this period.
Taylor served as a senior economist on The White House Council of Economic Advisors in 1976-77 and as a member from 1989 to 1991. He was a member of the Congressional Budget Office’s Panel of Economic Advisors from 1995 to 2001. Since 1981, he has been a research associate of The National Bureau of Economic Research. He is a current member of the California Governor’s Council of Economic Advisors, on which he served from 1996 to 1998, too.
In his landmark 1993 paper “Discretion versus policy rules in practice,” Taylor proposed the celebrated “Taylor Rule,” which is used by central bankers worldwide as a guide to setting interest rates. A champion of free markets and rules-based policies for achieving long-term economic growth, he is the author most recently ofGetting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis and co-editor of Ending Government Bailouts as We Know Them.
Taylor has been given a number of prestigious professional awards for excellence in research, teaching, public service, and policymaking. He received a B.A. from Princeton University and a Ph.D. from Stanford.