Details about John B. Taylor

E-mail:
Homepage:	http://www.stanford.edu/~johntayl/
Phone:	650-723-9766
Workplace:	Department of Economics, Stanford University, (more information at EDIRC) Hoover Institution on War Revolution & Peace, Stanford University, (more information at EDIRC) Stanford Center for International Development (SCID), Stanford Institute for Economic Policy Research (SIEPR), Stanford University, (more information at EDIRC)

Access statistics for papers by John B. Taylor.

Last updated 2009-09-14. Update your information in the RePEc Author Service.

Short-id: pta174

---

Jump to Journal Articles Books Edited books Chapters Editor

Working Papers

2009

1. New Keynesian versus Old Keynesian Government Spending Multipliers
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations
2. Surprising Comparative Properties of Monetary Models: Results from a New Data Base
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
3. The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2008

4. A Black Swan in the Money Market
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations
   See also Journal Article in American Economic Journal: Macroeconomics (2009)

2007

5. Housing and Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Proceedings (2007)
6. The Explanatory Power of Monetary Policy Rules
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
7. The Long and the Short End of the Term Structure of Policy Rules
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2003

8. INTERNATIONAL ECONOMIC AND FINANCIAL CONDITIONS (PowerPoint Presentation)
   Agricultural Outlook Forum 2003, United States Department of Agriculture, Agricultural Outlook Forum

2000

9. The Monetary Transmission Mechanism and the Evaluation of Monetary Policy Rules
   Working Papers Central Bank of Chile, Central Bank of Chile View citations

1998

10. An Historical Analysis of Monetary Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1999)
11. Staggered Price and Wage Setting in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1999)
12. The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by European Central Bank
    Working Papers, Stockholm - International Economic Studies View citations
13. The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by the European Central Bank
    Seminar Papers, Stockholm University, Institute for International Economic Studies View citations
    See also Journal Article in Journal of Monetary Economics (1999)

1995

14. The monetary transmission mechanism: an empirical framework
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations
    See also Journal Article in Journal of Economic Perspectives (1995)

1991

15. Full Information Estimation and Stochastic Simulation of Models with Rational Expectations
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Cowles Foundation Discussion Papers, Cowles Foundation, Yale University (1989)
    See also Journal Article in Journal of Applied Econometrics (1990)

1990

16. Policy Analysis With a Multicountry Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
17. Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Business & Economic Statistics (1990)

1988

18. Improvements in Macroeconomic Stability: The Role of Wages and Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1986)

1986

19. International Capital Mobility and the Coordination of Monetary Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
20. Rational Expectations Models in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc

1985

21. International Coordination in the Design of Macroeconomic Policy Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in European Economic Review (1985)

1984

22. New Econometric Techniques for Marcoeconomic Policy Evaluation
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
23. Optimal Stabilization Rules in a Stochastic Model of Investment with Gestation Lags
    NBER Working Papers, National Bureau of Economic Research, Inc
24. The Role of Expectations in the Choice of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Proceedings (1982)
25. Union Wage Settlements During a Disinflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1983)

1980

26. Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1980) View citations
    See also Journal Article in Econometrica (1983)

Journal Articles

2009

1. A Black Swan in the Money Market
   American Economic Journal: Macroeconomics, 2009, 1, (1), 58-83 View citations
   See also Working Paper (2008)
2. The Lack Of An Empirical Rationale For A Revival Of Discretionary Fiscal Policy
   CESifo Forum, 2009, 10, (2), 9-13 View citations
   Also in American Economic Review, 2009, 99, (2), 550-55 (2009) View citations
3. The Need to Return to a Monetary Framework
   Business Economics, 2009, 44, (2), 63-72

2008

4. A review of the productivity resurgence
   Journal of Policy Modeling, 2008, 30, (4), 619-626
5. Panel discussion
   Review, 2008, (Jul), 405-420
6. The Mayekawa Lecture: The Way Back to Stability and Growth in the Global Economy
   Monetary and Economic Studies, 2008, 26, 37-48

2007

7. Housing and monetary policy
   Proceedings, 2007, 463-476 View citations
   See also Working Paper (2007)
8. Thirty-Five Years of Model Building for Monetary Policy Evaluation: Breakthroughs, Dark Ages, and a Renaissance
   Journal of Money, Credit and Banking, 2007, 39, (s1), 193-201 View citations
9. Transparency, Communication and Commitment
   International Journal of Central Banking, 2007, 3, (1)

2006

10. Staggered Pricing Models Face the Facts
    International Journal of Central Banking, 2006, 2, (3)
11. The rise of offshoring: it's not wine for cloth anymore: commentary
    Proceedings, 2006, 103-109

2005

12. Commentary: understanding the Greenspan standard
    Proceedings, 2005, (Aug), 107-118
13. Panel discussion monetary policy modeling: where are we and where should we be going?
    Proceedings, 2005, 323-339
14. The international implications of October 1979: toward a long boom on a global scale
    Review, 2005, (Mar), 269-276

2002

15. General discussion: monetary policy and real stabilization
    Proceedings, 2002, 319-331 View citations
16. General discussion: overview panel: rethinking stabilization policy
    Proceedings, 2002, 447-461
17. General discussion: should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
    Proceedings, 2002, 413-419

2001

18. AN INTERVIEW WITH MILTON FRIEDMAN
    Macroeconomic Dynamics, 2001, 5, (01), 101-131 View citations
19. Expectations, open market operations, and changes in the federal funds rate
    Review, 2001, (Jul), 33-58 View citations
20. Low Inflation, Deflation, and Policies for Future Price Stability
    Monetary and Economic Studies, 2001, 19, (S1), 35-51 View citations
21. Macroeconomic implications of the new economy: commentary
    Proceedings, 2001, 279-284
22. The Role of the Exchange Rate in Monetary-Policy Rules
    American Economic Review, 2001, 91, (2), 263-267 View citations

2000

23. Alternative Views of the Monetary Transmission Mechanism: What Difference Do They Make for Monetary Policy?
    Oxford Review of Economic Policy, 2000, 16, (4), 60-73 View citations
24. Comment on Three Lessons for Monetary Policy in a Low-Inflation Era
    Journal of Money, Credit and Banking, 2000, 32, (4), 973-78 View citations
25. Low inflation, pass-through, and the pricing power of firms
    European Economic Review, 2000, 44, (7), 1389-1408 View citations
26. Reassessing Discretionary Fiscal Policy
    Journal of Economic Perspectives, 2000, 14, (3), 21-36 View citations
27. Recent changes in trend and cycle, remarks
    Proceedings, 2000
28. Teaching Modern Macroeconomics at the Principles Level
    American Economic Review, 2000, 90, (2), 90-94 View citations

1999

29. Commentary: challenges for monetary policy: new and old
    Proceedings, 1999, 59-67 View citations
30. The robustness and efficiency of monetary policy rules as guidelines for interest rate setting by the European central bank
    Journal of Monetary Economics, 1999, 43, (3), 655-679 View citations
    See also Working Paper (1998)

1998

31. Applying Academic Research on Monetary Policy Rules: An Exercise in Translational Economics
    The Manchester School of Economic & Social Studies, 1998, 66, 1-16 View citations
32. Monetary policy and the long boom
    Review, 1998, (Nov), 3-12 View citations

1997

33. A Core of Practical Macroeconomics
    American Economic Review, 1997, 87, (2), 233-35 View citations
34. Econometric models and the monetary policy process: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1997, 47, (1), 39-42

1996

35. How should monetary policy respond to shocks while maintaining long-run price stability? Conceptual issues
    Proceedings, 1996, 181-195 View citations

1995

36. Changes in American Economic Policy in the 1980s: Watershed or Pendulum Swing?
    Journal of Economic Literature, 1995, 33, (2), 777-784
37. Monetary policy implications of greater fiscal discipline
    Proceedings, 1995, 151-170 View citations
38. The Monetary Transmission Mechanism: An Empirical Framework
    Journal of Economic Perspectives, 1995, 9, (4), 11-26 View citations
    See also Working Paper (1995)

1994

39. The inflation/output variability trade-off revisited
    Conference Series ; [Proceedings], 1994, 21-24 View citations

1993

40. Discretion versus policy rules in practice
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 195-214 View citations
41. Microeconomic rigidities and aggregate price dynamics: Ricardo Caballero and Eduardo Engel
    European Economic Review, 1993, 37, (4), 714-717
42. The Use of the New Macroeconometrics for Policy Formulation
    American Economic Review, 1993, 83, (2), 300-305 View citations

1992

43. The budgetary arithmetics of loan guarantees and deposit insurance: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1992, 37, (1), 123-125

1990

44. Full Information Estimation and Stochastic Simulation of Models with Rational Expectations
    Journal of Applied Econometrics, 1990, 5, (4), 381-92 View citations
    See also Working Paper (1991)
45. Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods
    Journal of Business & Economic Statistics, 1990, 8, (1), 1-17 View citations
    See also Working Paper (1990)
46. Solving stochastic equilibrium models with the extended path method
    Economic Modelling, 1990, 7, (3), 251-257

1989

47. Differences in economic fluctuations in Japan and the United States: The role of nominal rigidities
    Journal of the Japanese and International Economies, 1989, 3, (2), 127-144 View citations
48. Monetary Policy and the Stability of Macroeconomic Relationships
    Journal of Applied Econometrics, 1989, 4, (S), S161-78 View citations
49. The Evolution of Ideas in Macroeconomics
    The Economic Record, 1989, 65, (189), 185-89

1988

50. A method for determining whether parameters in aggregative models are structural: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1988, 29, (1), 253-257

1987

51. The current account and macroeconomic policy: an econometric analysis
    Proceedings, 1987, 131-191

1986

52. An econometric evaluation of international monetary policy rules: fixed versus flexible exchange rates
    Proceedings, 1986 View citations

1985

53. International coordination in the design of macroeconomic policy rules
    European Economic Review, 1985, 28, (1-2), 53-81 View citations
    See also Working Paper (1985)
54. What would nominal GNP targetting do to the business cycle?
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 61-84 View citations

1984

55. Estimation and solution of linear rational expectations models using a polynomial matrix factorization
    Journal of Economic Dynamics and Control, 1984, 8, (3), 341-348 View citations
56. Recent Changes in Macro Policy and Its Effects: Some Time-Series Evidence
    American Economic Review, 1984, 74, (2), 206-10 View citations

1983

57. 'Wage rigidity and unemployment in OECD countries' by D. Grubb et al
    European Economic Review, 1983, 21, (1-2), 45-49
58. Solution and Maximum Likelihood Estimation of Dynamic Nonlinear Rational Expectations Models
    Econometrica, 1983, 51, (4), 1169-85 View citations
    See also Working Paper (1980)
59. Union Wage Settlements during a Disinflation
    American Economic Review, 1983, 73, (5), 981-93 View citations
    See also Working Paper (1984)
60. `Rules, discretion and reputation in a model of monetary policy' by Robert J. Barro and David B. Gordon
    Journal of Monetary Economics, 1983, 12, (1), 123-125 View citations

1982

61. Establishing Credibility: A Rational Expectations Viewpoint
    American Economic Review, 1982, 72, (2), 81-85 View citations
62. The Swedish Investment Funds System as a Stabilization Rule
    Brookings Papers on Economic Activity, 1982, 13, (1982-1), 57-106 View citations
63. The role of expectations in the choice of monetary policy
    Proceedings, 1982, 47-95
    See also Working Paper (1984)

1981

64. Macroeconomic theory: Thomas J. Sargent, (Academic Press, New York, 1979) pp. xiii+404, $24.50
    Journal of Monetary Economics, 1981, 8, (1), 139-142
65. On the relation between the variability of inflation and the average inflation rate
    Carnegie-Rochester Conference Series on Public Policy, 1981, 15, (1), 57-85 View citations
66. Stabilization, Accommodation, and Monetary Rules
    American Economic Review, 1981, 71, (2), 145-49 View citations

1980

67. Aggregate Dynamics and Staggered Contracts
    Journal of Political Economy, 1980, 88, (1), 1-23 View citations
68. Foreword
    Journal of Economic Dynamics and Control, 1980, 2, (1), 1-5
69. Output and price stability: An international comparison
    Journal of Economic Dynamics and Control, 1980, 2, (1), 109-132 View citations

1979

70. Estimation and Control of a Macroeconomic Model with Rational Expectations
    Econometrica, 1979, 47, (5), 1267-86 View citations
71. Staggered Wage Setting in a Macro Model
    American Economic Review, 1979, 69, (2), 108-13 View citations

1977

72. Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
    Econometrica, 1977, 45, (6), 1377-85 View citations
73. Control theory and economic stabilization: A comment on the Kalchbrenner and Tinsley and Prescott papers
    Carnegie-Rochester Conference Series on Public Policy, 1977, 7, (1), 93-98
74. Stabilizing Powers of Monetary Policy under Rational Expectations
    Journal of Political Economy, 1977, 85, (1), 163-90 View citations
75. The Deterrent Effect of Capital Punishment: Another View
    American Economic Review, 1977, 67, (3), 445-51 View citations

1976

76. On an Efficient Two-Step Estimator for Dynamic Simultaneous Equations Models with Autoregressive Errors
    International Economic Review, 1976, 17, (2), 362-76
77. Some Experimental Results on the Statistical Properties of Least Squares Estimates in Control Problems
    Econometrica, 1976, 44, (6), 1289-1302 View citations

1975

78. Monetary Policy during a Transition to Rational Expectations
    Journal of Political Economy, 1975, 83, (5), 1009-21 View citations

1974

79. Asymptotic Properties of Multiperiod Control Rules in the Linear Regression Model
    International Economic Review, 1974, 15, (2), 472-84 View citations

1972

80. Stabilization Policies in a Growing Economy: A Comment
    Review of Economic Studies, 1972, 39, (4), 515-19

Books

1999

1. Monetary Policy Rules
   NBER Books, National Bureau of Economic Research, Inc View citations

Edited books

1999

1. Handbook of Macroeconomics, vol 1
   Handbook of Macroeconomics, Elsevier

Chapters

2007

1. Globalization and Monetary Policy: Missions Impossible
   A chapter in International Dimensions of Monetary Policy, 2007

1999

2. A Historical Analysis of Monetary Policy Rules
   A chapter in Monetary Policy Rules, 1999, pp 319-348 View citations
   See also Working Paper (1998)
3. Introduction to "Monetary Policy Rules"
   A chapter in Monetary Policy Rules, 1999, pp 1-14
4. Staggered price and wage setting in macroeconomics
   Chapter 15 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 1009-1050 View citations
   See also Working Paper (1998)

1986

5. Improvements in Macroeconomic Stability: The Role of Wages and Prices
   A chapter in The American Business Cycle: Continuity and Change, 1986, pp 639-678 View citations
   See also Working Paper (1988)
6. New econometric approaches to stabilization policy in stochastic models of macroeconomic fluctuations
   Chapter 34 in Handbook of Econometrics, 1986, vol. 3, pp 1997-2055

1976

7. METHODS OF EFFICIENT PARAMETER ESTIMATION IN CONTROL PROBLEMS
   A chapter in Annals of Economic and Social Measurement, Volume 5, number 3, 1976, pp 75-83 View citations

Editor

1. Handbook of Macroeconomics
   Elsevier
2. Handbook of Macroeconomics
   Elsevier
3. International Journal of Central Banking
   International Journal of Central Banking