Author Archives: John Taylor
The Statistical Analysis of Policy Rules
My teacher, colleague, and good friend Ted Anderson died this week at the age of 98. Ted was my Ph.D. thesis adviser at Stanford in the early 1970s, and later a colleague when I returned to teach at Stanford in … Continue reading
Posted in Teaching Economics
Central Banks Going Beyond Their Range
Economist John Eatwell of Cambridge and I published a joint letter in the Financial Times today. We argue that monetary policy is off track and that other policies are sorely needed. I said the same in a CNBC interview from Miami … Continue reading
Posted in Monetary Policy
Kocherlakota on the Fed and the Taylor Rule
The use of policy rules to analyze monetary policy has been a growing area of research for several decades, and the pace has picked up recently. Last month Janet Yellen presented a policy framework for the future centered around a … Continue reading
Posted in Monetary Policy
Novel Research on Elections, Policymaking, Economic Uncertainty
The Becker Friedman Institute of the University of Chicago and the Hoover Institution of Stanford University teamed up yesterday to put on a Conference on Elections, Policymaking, and Economic Uncertainty. The conference was held at the Hoover Institution Offices in … Continue reading
Think Again and Again About the Natural Rate of Interest
In a recent Wall Street Journal piece, “Think You Know the Natural Rate of Interest? Think Again,” James Mackintosh warns about the high level of uncertainty in recent estimates of the equilibrium interest rate—commonly called r* or the natural rate—that … Continue reading
Posted in Monetary Policy
Jackson Hole XXXV
Everyone keeps asking about this year’s Jackson Hole monetary conference and how it compared with the first. Well, I wrote about the first on my way to this conference, and I have to say the thirty fifth lived up to its billing … Continue reading
Posted in Monetary Policy
A Less Weird Time at Jackson Hole?
I’m on my way to join the world’s central bankers at Jackson Hole for the 35th annual monetary-policy conference in the Grand Teton Mountains. I attended the first monetary-policy conference there in 1982, and I may be the only person … Continue reading
Posted in International Economics, Monetary Policy
