About the Author
John B. Taylor is
the Raymond Professor of Economics at Stanford University
and the director of Stanford's Introductory Economic Studies
Center. Professor Taylor is a renowned teacher. Each year he
teaches the introductory economics course about which
students are wildly enthusiastic. As described in
The
Stanford Daily, "Many students say this course was
their best experience in the classroom." Professor Taylor is
known for his clear explanations and for his novel teaching
ideas, including cameo appearances by his family, and a
spiritual visitation by the voice of Adam Smith. In
recognition of his teaching talents, he has received the
Hoagland Prize, presented annually to Stanford's most
outstanding teacher of undergraduate students, and the
Rhodes Prize for excellent teaching in introductory courses.
Taylor studied economics at Princeton and received his Ph.D.
at Stanford. He has also taught at Columbia, Yale, and
Princeton.
Professor Taylor
has published over 100 research papers and several books on
economics, including his frequently-cited work on wage
setting and expectations. His book Macroeconomics is a best-selling
intermediate text. His articles have appeared in the
Wall Street
Journal,
the Los
Angeles Times, and the New York Times. He has appeared on TV and
radio shows, including CNN's Crossfire, ABC's Nightline, PBS's NewsHour, and NPR's Talk of the Nation. A formula he devised in
1993, -- now widely referred to as the Taylor Rule --is
frequently used to predict Federal Reserve decisions, and
"has attracted widening interest in recent years in the
financial markets, the academic community, and at central
banks," according to Alan Greenspan, Chair of the Federal
Reserve.
John Taylor served
as a member of the President's Council of Economic Advisers
from 1989 to 1991, where he helped to put together the
economic forecasts and was a trade negotiator at the Uruguay
Round. In 1991 he returned to Stanford and his first loves,
teaching and research. He directed the Stanford Center for
Economic Policy Research from 1994 to 1997 and is now a
member of the California Governor's Council of Economic
Advisers and the Congressional Budget Office's Panel of
Economic Advisers.
John Taylor
currently lives on the Stanford campus with his wife and two
children.
Taylor
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