Leading economist John B. Taylor’s straightforward plan to rebuild America’s economic future by returning to its founding principles.Mired in a crippling economic slump and hamstrung by partisan political debates, America faces substantial economic challenges, from widespread unemployment to the government’s ballooning debt. These assaults on our prosperity reflect the unintended consequences of more than a decade of government intervention in virtually all areas o...

In this concise volume, leading economist John B. Taylor offers empirical research to explain what caused the current financial crisis, what prolonged it, and what dramatically worsened it more than a year after it began. The evidence he presents strongly suggests that specific government actions and interventions are largely to blame and that any future government interventions must be based on a clearly stated diagnosis of the problem and a rationale for the interventions.

The last 12 books of the Old Testament -- Hosea, Joel, Amos, Obadiah, Jonah, Micah, Nahum, Habakkuk, Zephaniah, Haggai, Zechariah, and Malachi – are “minor” only in the sense that they are short, not that they are unimportant. For instance, a sentence in Habakkuk – “the just shall live by his faith” – became a foundation of the Protestant Reformation. Jonah is a striking picture of God’s giving a person a second chance. And Micah states most succinctly what God expects of his people: to ac...

"For most Bible readers Ezekiel is almost a closed book," writes John Taylor. "Their knowledge of him extends little further than his mysterious vision of God's chariot-throne, with its wheels within wheels, and the vision of the valley of the dry bones.""Otherwise his book is as forbidding in its size as the prophet himself is in the complexity of his make-up," Taylor goes on. "In its structure, however, if not in its thought and language, the book of Ezekiel has a basic simplicity, and i...

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financ...

An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance.In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries—largely the result of countries' concerns about the exchange rate—causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a...

Winner of the 2023 Gourmand World Cookbook Award, Food Writing, Cambodia/USAA journey through the lands of boiled peanuts, pesto, and pickled peppercorns—with thirty recipesFoodies, travel enthusiasts, culinary historians, fans of fine writing, and cookbook collectors will feast on John Martin Taylor's Charleston to Phnom Penh. A unique vision of a joyous and peripatetic life, these essays take readers on a journey across three con...

Pocket Psychiatry, a new addition to the Pocket Notebook series, is written by residents for residents. A resource for essential information, in a high-yield, easy-to-use format, designed to help students, trainees, and others navigate the initial psychiatric evaluation and management of the most commonly encountered psychiatric conditions. With an emphasis on evidence-based information, Pocket Psychiatry, provides a rare concise and accessible resource, for must-know information on hospit...

“A valuable insider’s account of financial diplomacy in the Bush administration.”—Jeffrey E. Garten, Washington PostSworn in as head of the U.S. Treasury Department’s international finance division just three months prior to 9/11, John B. Taylor soon found himself at the center of the war on terror. Global Financial Warriors takes you inside the White House Situation Room, to the meetings of the G7 finance ministers, and to cities worldwide as Tay...

John Taylor is one of the foremost economists of our generation. His ideas were implemented in central banks across the world during the period of price stability, economic growth and financial stability that followed the 1980s. Of course, this period culminated in the financial crisis of 2008, which was followed by a very slow recovery, which, eight years on, can hardly be said to be complete. This short book presents Taylor’s view of the financial crisis and its aftermath as expressed in...

How can central banks balance authority with accountability?A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints?Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers discussing this ...

Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues, including fiscal, monetary, and regulatory policies to deal with crises, unemployment, and economic growth. As this volume shows, macroeconomics has undergone a profound change since the publication of the last volume, due in no small part to　 the questions thrus...