John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and the Bowen H. and Janice Arthur McCoy Senior Fellow at the Hoover Institution. Before joining the Stanford faculty in 1984, Taylor held positions as Professor of Economics at Princeton University and Columbia University. 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 served as a member of the President's Council of Economic Advisers from 1989 to 1991 and was a member of the Congressional Budget Office's Panel of Economic Advisers from 1995 to 2001. From 2001 to 2005 Taylor served as Under Secretary of Treasury for International Affairs, where he was responsible for U.S. policies in international finance, which includes 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 working party on international macroeconomics at the OECD, and was a member of the Board of the Overseas Private Investment Corporation. Taylor was awarded the Alexander Hamilton Award for his overall leadership in international finance at the U.S. Treasury and is a Fellow of the American Academy of Arts and Sciences and the Econometric Society. He formerly served as Vice President of the American Economic Association.