Blog:http://t.co/GFubrvVUU6 Website:http://t.co/6FzoR8VjlT
Economics Professor Stanford
Joined May 2013
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John B. Taylor retweeted
Day 2 of #HISPBC:
"Monetary rules provide guidance and accountability for central bank officials. When adopted, rules result in more predictable policy outcomes," say Hoover fellow @EconomicsOne.
John B. Taylor retweeted
Thirty years after the Taylor rule was published, @AtlantaFed's website features the Taylor Rule Utility. This Economy Matters articles examines the prime spot in the town square of monetary policy discussions for @EconomicsOne, economist John B. Taylor. atlfed.org/3Qsc7Xw
John B. Taylor retweeted
I’m looking forward to comparing the tone of this year’s conference to last year’s conference. Last year everyone was emphatic about raising the federal funds rate. This year’s theme is “getting back on track.” (Cc: @HooverInst)
John B. Taylor retweeted
Today is the 13th annual #HooverFedConference organized by @EconomicsOne.
First session: The 30th Anniversary of the Taylor Rule. @JohnHCochrane, @RichardClarida, John Lipsky, and @WielandVolker offering remarks about the impact and robustness of the Taylor Rule.
John B. Taylor retweeted
A Very Big 15-Year Anniversary economicsone.com/2023/02/05/… via @EconomicsOne
John B. Taylor retweeted
Isabel Schnabel, Jackson Hole, August 2022 "A cardinal principle of optimal policy..is to raise nominal rates by more than the change in expected inflation – the Taylor principle" if not "monetary policy will be ineffective in dealing with high inflation" ecb.europa.eu/press/key/date…
John B. Taylor retweeted
@EconomicsOne thinks the rate won’t stop at 5% and I tend to agree because inflation is very sticky and takes a while to come down to 2-3% target. Recession started in Q1 already, I think. Just my quick guess..
John B. Taylor retweeted
I just saw this... Thanks a lot for retweeting @EconomicsOne!
I also show how simultaneously accounting for household heterogeneity and people's behavioral biases can help us to understand the current high inflation rates
Link to the paper: opfaeuti.github.io/website/B…
This JMP develops a new model with heterogeneity & bounded rationality to show how monetary policy affects the economy. People with higher MPCs are more exposed to monetary policy, amplifying current policy effects, implying weaker future policy impact. .teapawt.net/econ_jmp/status/159145…
John B. Taylor retweeted
Shadow Open Market Committee with special guests John Taylor (@EconomicsOne) and Don Kohn
Friday November 11 830am-2pm
Yale Club NYC or via Zoom
RSVP via
bulkmail.manhattan-institute…
John B. Taylor retweeted
On Oct. 5th, the @HooverInst hosted a policy seminar with William Poole, former President of the @stlouisfed and Member of the Federal Open Market Committee, moderated by Hoover fellow @EconomicsOne. Watch now: hvr.co/3Mf4qjf
John B. Taylor retweeted
Talking with Kathleen Hays of Bloomberg about the Fed this year in 2020 in Jackson Hole compared with 40 years ago in 1982 when I gave a paper on “The Role of Expectations in the Choice of Monetary Policy.” Time to Get Back On Track. bloomberg.com/news/videos/20…
John B. Taylor retweeted
We introduce John B. Taylor—founder of the Taylor Rule and Professor of Economics at Standford University—as a speaker for the 2022 World Knowledge Forum.
@EconomicsOne
Learn more here➡️rb.gy/6pph3p
John B. Taylor retweeted
.@federalreserve Chair Jerome Powell vowed to tackle inflation, but even he can’t control prices at the pump. The famed "Taylor Rule," named after SIEPR's @EconomicsOne, is cited. And yes, that rule suggests rates should be higher...politi.co/3QRqZwt
John B. Taylor retweeted
The @HooverInst’s Working Group on Economic Policy hosted "California Homelessness: New Policies to Address an Intractable Problem," featuring @ShellenbergerMD, @EconomicsOne, and @lee_ohanian. Learn more about the event: hvr.co/3NvDP0B
John B. Taylor retweeted
Join @HooverInst tomorrow, May 19th at 2PM PT for "California Wildfires - Crisis to Opportunity Exploring the intersection of risks, incentives, and consequences," featuring @EconomicsOne, @MichaelWWara, Dave Winnacker, and Donnie Hasseltine. Register now: hvr.co/3sLAXoB
John B. Taylor retweeted
Is the Fed prepared to bring down inflation if that requires throwing people out of work?
That was the question posed to three current or former Fed officials Friday night at Stanford.
What followed was a story about a panic button, a security guard, and a piece of art:
John B. Taylor retweeted
Time to re-up this . . . .
Proposal: why don't we write to basic macro identity as
Y = (C + I + G - M) + X
to make it clear that the trade deficit doesn't reduce GDP, rather, imports are subtracted simply to eliminate them from domestic expenditures
fredblog.stlouisfed.org/2018…
John B. Taylor retweeted
On April 20th, the @HooverInst hosted a policy seminar moderated by @EconomicsOne with @KennethLJudd on “Optimal Dynamic Stochastic Fiscal Policy with Endogenous Debt Limits,” a paper with Philipp Mueller and Sevin Yeltekin. Watch now: hvr.co/3xULtx0
John B. Taylor retweeted
John Taylor, the Stanford economist who pioneered a widely followed policy-setting formula, says his "Taylor rule" calls for a 5% Fed policy rate by year's end.
He thinks that isn't practical, but that the Fed should get to 3% by December.
wsj.com/articles/inflation-j…
