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John B. Taylor

Definition

John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution.

What is 'John B. Taylor'

An economics professor and expert on monetary policy. John B. Taylor is best known for the paper he submitted in 1993 outlining the Taylor Rule. This rule outlines a method for central banks to determine interest rates.




Explaining 'John B. Taylor'

John B. Taylor has worked as a professor of economics at Stanford University and was the Bowen and Janice Arthur McCoy Senior Fellow at the Hoover Institution. He also taught at Columbia University and the Woodrow Wilson School of Princeton. Taylor has also served as under-secretary of the Treasury for international affairs under the George W. Bush administration.


Further Reading


Economic policy and the financial crisis: an empirical analysis of what went wrong
www.tandfonline.com [PDF]
The financial crisis was in large part caused, prolonged, and worsened by a series of government actions and interventions. The housing boom and bust that precipitated the crisis were enabled by extraordinarily loose monetary policy. After the housing boom came …

The monetary transmission mechanism: an empirical frameworkThe monetary transmission mechanism: an empirical framework
www.aeaweb.org [PDF]
The financial crisis was in large part caused, prolonged, and worsened by a series of government actions and interventions. The housing boom and bust that precipitated the crisis were enabled by extraordinarily loose monetary policy. After the housing boom came …

The role of the exchange rate in monetary-policy rulesThe role of the exchange rate in monetary-policy rules
pubs.aeaweb.org [PDF]
The financial crisis was in large part caused, prolonged, and worsened by a series of government actions and interventions. The housing boom and bust that precipitated the crisis were enabled by extraordinarily loose monetary policy. After the housing boom came …

A black swan in the money marketA black swan in the money market
www.aeaweb.org [PDF]
The financial crisis was in large part caused, prolonged, and worsened by a series of government actions and interventions. The housing boom and bust that precipitated the crisis were enabled by extraordinarily loose monetary policy. After the housing boom came …



Q&A About John B. Taylor


What did Taylor do before teaching at Stanford?

He taught at Columbia University from 1973 to 1983 and Princeton University from 1984 to 1993.

What is John B. Taylor?

An economics professor and expert on monetary policy.

What is Taylor's field of study?

Economics.

What does the staggered contract model show?

It shows how price setting works when there are nominal contracts that have fixed wages or prices but can be adjusted over time."

How were these models used?

They were used in research on inflation, unemployment, monetary policy, exchange rates, wage bargaining, labor markets, financial markets, international trade theoryand other areas of economics."

Where did John B. Taylor teach?

He taught at Stanford University, Columbia University, Princeton's Woodrow Wilson School, and served as under-secretary of the Treasury for international affairs under the George W. Bush administration in Washington D.C..

How long has Taylor taught at Stanford?

Since 1973.

Who was John B. Taylor before he became an economist?

He worked as a professor of economics at Stanford University, taught at Columbia University and the Woodrow Wilson School of Princeton, served as under-secretary of the Treasury for international affairs under the George W. Bush administration, and was a senior fellow at Hoover Institution.

Who did Taylor receive an award from in 198?

The John Bates Clark Medal, which is awarded every two years to an American economist under the age of forty who has made significant contributions to economic thought and knowledge."

What does the paper submitted by John B. Taylor outline?

The paper outlines a method for central banks to determine interest rates.

What model did Taylor develop in 1979 and 198 that served as an underpinning for new models with rational expectations and sticky prices?

Staggered contract model."

Where does Taylor teach?

Stanford University and Hoover Institution.

Why was this work important?

Because it provided insight into how different types of contracts interact with each other during periods of high inflation or deflation."

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