Undersecretary of the US Treasury John Taylor is a man who
needs no introduction at central banks around the world and in
Washington's corridors of power.
A prominent macroeconomist from Stanford University in California,
the man has been a fixture in Republican policy-making circles
since working for president Gerald Ford's Council of Economic
Advisors in 1976. His research, including the well-known Taylor
Rule, has gained a wide following for its ability to describe,
predict and guide monetary policy.
Taylor, who taught economics at Columbia, Princeton and Yale
before joining the Stanford faculty in 1984, displays a decidedly
conservative, even cautious demeanour. He is organized and
disciplined enough to produce a highly successful series of
textbooks while carrying a normal teaching load and continuing to
work on his influential research.
But there's another side to the man that made him immensely
popular with his 18 and 19-year-old students. "We,...
