John Taylor’s Contributions to Economics

Michael Bordo, John Cochrane and Jonathan Hartley
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Michael Bordo: Rutgers University, Hoover Institution, and NBER
John Cochrane: Hoover Institution and NBER
Jonathan Hartley: Stanford University and Hoover Institution

Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: John B. Taylor is one of the greatest macroeconomists of the late 20th and early 21st centuries. This paper surveys his seminal contributions to monetary theory, policy rules, and macroeconomic modeling. Taylor’s work on rational expectations, staggered contracts, and the development of the Taylor Rule transformed the theory and practice of monetary policy. Through scholarship, policy engagement, and public service, Taylor has profoundly influenced academic research and central banking practice, establishing rules-based policy as a central paradigm in macroeconomics

Keywords: Monetary Policy; Central Banks; Policy Objectives; International Monetary Arrangements and Institutions (search for similar items in EconPapers)
JEL-codes: E52 E58 E61 F33 (search for similar items in EconPapers)
Date: 2025-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:346

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