Author Archives: John Taylor

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

Central Bank Independence Is Not Enough

Four former chairs of the Fed  wrote in the Wall Street Journal today about the importance of Fed independence. I agree, but their article should have emphasized that independence is not enough.  Economic performance has been affected by large shifts … Continue reading

Posted in Monetary Policy

Africa Meeting of Econometricians: History, Revival and Ways Forward

I just spent a wonderful few days at the 2019 Africa Meeting of the Econometric Society held in Rabat, Morocco with the central bank, the Bank Al-Maghrib, providing an excellent venue.  Congratulations to the Bank Al Maghrib for its 60th … Continue reading

Posted in Financial Crisis, Monetary Policy

A Decade of July 4th Debt Explosions: Are They Getting Less Spectacular?

Starting a decade ago, I’ve charted on Independence Day the most recent long-term projection of the federal debt by the Congressional Budget Office (CBO). Over the years the chart has continued to look much like the Fourth of July fireworks, … Continue reading

Posted in Budget & Debt, Fiscal Policy and Reforms