Author Archives: John Taylor
Reply to Alan Blinder Redux
Alan Blinder has written another Wall Street Journal article criticizing legislation that would simply require the Fed to describe its rule or strategy for monetary policy. As with his earlier article, Blinder still “shoots at a straw man of his own … Continue reading
Posted in Monetary Policy
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A New Fed Centennial Volume with a Twist
As the two year centennial of the founding of the Fed in 1913-14 draws to a close this month, a new centennial volume, Frameworks for Central Banking in the Next Century, is being published as a special issue of the … Continue reading
Posted in Monetary Policy
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The Taylor Curve Has Two Dimensions In Both Hemispheres
Springtime in the Southern Hemisphere is wonderful, and I have been having fun here for the past 10 days, keynoting at two great conferences, with one talk on central bank independence at the Central Bank of Chile and another talk on … Continue reading
Posted in Monetary Policy
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Wanted: A New Handbook of Macroeconomics
The first volume of the Handbook of Macroeconomics, edited by Michael Woodford and me, was published in 1999 in the midst of the Great Moderation. It still ranks first in total downloads of all economics books according to Research Papers in … Continue reading
Posted in Teaching Economics
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Across the Great Divide: New Perspectives on the Financial Crisis
A year ago today, the Hoover Institution and the Brookings Institution held an unusual joint conference on the financial crisis, where twenty-four economists and legal scholars reexamined the crisis, its effect on the US economy, and possible policy reforms. The … Continue reading
Posted in Financial Crisis, Slow Recovery
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Inequality Conference in Memory of Gary Becker at Stanford’s Hoover Institution
Last Thursday and Friday the Hoover Institution at Stanford hosted a wonderful Conference on Inequality in Memory of Gary Becker. John Raisian and I opened the conference commenting on the appropriateness of both the venue and the topic: Gary spent … Continue reading
Posted in Teaching Economics
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NICE-Squared (Or TWICE NICE)
Due to previous commitments in Hong Kong I could not attend today’s Bretton Woods: The Founders and the Future conference in New Hampshire, but I was invited to speak via video. Here is the text of my remarks. I want … Continue reading
Posted in International Economics
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Family Economics and Macro Behavior at a Gary Becker Memorial
Kevin Murphy and I were invited to speak at a memorial session for Gary Becker at the Mont Pelerin Society meetings in Hong Kong yesterday. My remarks focused on the time Gary spent each year at the Hoover Institution and … Continue reading
Posted in Teaching Economics
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Terminal Policy Rates: Hot, Cold and About Right
Last week I flew overnight from Cartagena, Colombia (90o F, very humid) to Jackson Hole, USA (37o F, plus wind chill). In both places I was asked a lot about monetary policy—by bankers at the conference in Colombia and by … Continue reading
Posted in Monetary Policy
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The American Economy: Turtle or Caged Eagle?
Last week I was on a panel with Stanford President John Hennessy and Congressman Paul Ryan at the new Hoover Institution Offices in Washington. Al Hunt moderated the discussion which focused on policies to raise economic growth. The video is … Continue reading
Posted in Slow Recovery, Teaching Economics
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Economics One 