Tag Archives: John Taylor

The eminent Robert Skidelsky identifies three groups of economists who gave what ex post was clearly bad advice, and bad advice that mattered about fiscal policy, from 2009 on: Alberto Alesina and company with their “expansionary austerity” doctrines, Ken Rogoff and company with their “short-term-pain-for-long-run-gain” doctrines, and Ricardo Haussman and company with the “no choice but austerity” doctrines. All three groups, however, had reasons for their arguments and were thinking...

Mostly about John Taylor who seems to have made the final cut for Trump's short list to replace Janet Yellen, along with Jerome Powell, who is now a member of the Fed Board of Governors. Should Fed policy be rule-based (Taylor) or discretionary (Powell)? David Glasner argues against John Tayor and in doing so, gives us a close look at Taylor and his rule-based approach to monetary policy.Uneasy MoneyLarry Summers v. John Taylor: No Contest David Glasner