Hayek Memorial Lecture 2014: Prof. John Taylor

Professor John B. Taylor, 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, gives the 2014 IEA Hayek Memorial Lecture on "Policy uncertainty and economic growth - lessons from the Great Recession for the US and UK".

Professor Taylor's academic fields of expertise are macroeconomics, monetary economics, and international economics. He is known for his research on the foundations of modern monetary theory and policy, which has been applied by central banks and financial market analysts around the world. He has an active interest in public policy. He served as senior economist on the President’s Council of Economic Advisers from 1976 to 1977, as a member of the President’s Council of Economic Advisers from 1989 to 1991. He was also a member of the Congressional Budget Office’s Panel of Economic Advisers from 1995 to 2001. Taylor served as a member of the California Governor’s Council of Economic Advisors from 1996-98 and 2005-10.

For four years from 2001 to 2005, Taylor served as Under Secretary of Treasury for International Affairs where he was responsible for currency markets, trade in financial services, foreign investment, international debt and development, and oversight of the International Monetary Fund and the World Bank. He was also responsible for coordinating financial policy with the G-7 countries, was chair of the OECD working party on international macroeconomics, and was a Member of the Board of the Overseas Private Investment Corporation.

His publications include:

Global Financial Warriors: The Untold Story of International Finance in the Post-9/11 World
Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis
The Road ahead for the Fed and Ending Government Bailouts As We Know Them
First Principles: Five Keys to Restoring Americas’ Prosperity (winner of the 2012 Hayek Prize)