Author Archives: John Taylor

Structural, Not Cyclical, Budget Reform

Today I published a column in Project Syndicate on fiscal policy. I am positive about pro-growth effects of the tax reform in the 2017 tax act and of the greater use of cost-benefit analysis in the recent regulatory reform effort. … Continue reading

Posted in Budget & Debt, Fiscal Policy and Reforms

A Fast and Fun Way to Learn about Rules Versus Discretion

The Hoover Institution has initiated a fascinating Perspectives on Policy video series in which experienced experts give clear explanations of key policy issues assisted by the latest in animation technology. This is not the typical video of talking heads as … Continue reading

Posted in Monetary Policy

Congressional Testimony on the Costs of Rapidly Growing Government Debt

Yesterday I testified at the Committee on the Budget of the House of Representative.  John Yarmuth chaired, and Steve Womack was the ranking member. The Committee titled the hearing “Reexamining the Economic Costs of Debt,” which was quite different from … Continue reading

Posted in Budget & Debt

9/11/2001 and the 18 Years Since Then

Today we remember September 11, 2001 and all that has happened in the 18 years since then. I was in a hotel room in Tokyo when the first plane hit the World Trade Center, recently sworn in as Under Secretary … Continue reading

Posted in Uncategorized

Economics 1: Now More Important Than Ever

Two weeks from today, I start teaching Economics 1, Stanford’s introductory economics course, and the namesake of this blog and my twitter account.   I am looking forward to it, and for the same three reasons that I gave years ago … Continue reading

Posted in Uncategorized

Choice of IMF Managing Director Should Reflect 75 Years of Change

Last week Raghu Rajan and I coauthored an article for the Financial Times. We argued that the IMF should no longer continue the tradition that the Managing Director of the International Monetary Fund be a European. Instead, it should “break … Continue reading

Posted in Uncategorized

A Beautiful Model Now Questioned

A few days ago, an amazing thing happened when Thomas Brand (@thlbr) tweeted about a short article I posted on my blog EconomicsOne.com. My post was old–posted 10 years ago on October 3, 2009–and I titled it “A Beautiful Model, … Continue reading

Posted in Teaching Economics