Author Archives: John Taylor

A Better Way to End Big Bank Bailouts

David Skeel and I wrote the following on an important report on bankruptcy reform just released by the U.S. Treasury: Yesterday the U.S. Treasury released its official response to President Trump’s memorandum of last April asking for a review of … Continue reading

Posted in Uncategorized

Application Deadline Approaching for Free Public Policy Program

After a very successful launch last summer, Stanford’s Hoover Institution is again offering a one-week public policy boot camp this coming August 19-25. This “residential immersion program” is aimed at college students and recent graduates. It consists of lectures, workshops, informal … Continue reading

Posted in Teaching Economics

Unique Cooperative Research Effort

This week marks the 20-year anniversary of a “notable conference” on monetary policy as Ed Nelson, who reminded me, puts it.  The conference took place at the Cheeca Lodge in the Florida Keys on January 15-17, 1998, and it resulted … Continue reading

Posted in Monetary Policy

The Fed’s Inflation Target and Policy Rules

The Brookings Institution held an interesting conference yesterday organized by David Wessel on “Should the Fed Stick with the 2 Percent Inflation Target or Rethink It?” Olivier Blanchard and Larry Summers argued, as they have elsewhere, that the Fed should … Continue reading

Posted in Monetary Policy

Happy New Decade!

The Great Recession began exactly one decade ago this month, as later determined by the NBER business cycle dating committee chaired by my colleague, Bob Hall. There is still a great debate about the causes of the Great Recession, its … Continue reading

Posted in Financial Crisis, Slow Recovery, Teaching Economics

What’s Past is Prologue. Study the Past

  Each year the Wall Street Journal asks friends for their favorite books of the year. Two years ago I chose Thomas Sowell’s history of income distribution in Wealth, Poverty, and Politics and Brian Kilmeade’s history on Thomas Jefferson and the Tripoli … Continue reading

Posted in Budget & Debt, International Economics, Teaching Economics

A Policy Rule Presented at a Conference 25 Years Ago Today

Ed Nelson sent me a nice note today saying that the past two days (November 20-21) mark “the twenty-fifth anniversary of the Carnegie-Rochester Conference at which you laid out your rule.” I had forgotten about the specific dates, but his … Continue reading

Posted in Monetary Policy, Teaching Economics