Rankings / Candidate
John B. Taylor
Stanford University (Hoover Institution) · Monetary
Photo: Wikimedia Commons, Public domain, via Wikimedia Commons
Currently #11, tier Field, score 14.3, named by 1 source.Score history: 100.0, 25.0, 14.3
The work. The Taylor rule, the formula tying the policy interest rate to inflation and the output gap, plus staggered wage contracts that gave sticky-price macro its nominal rigidity.
The case for. Every central bank on earth benchmarks itself against his rule. Few economists have a formula that policymakers cite in meetings.
The case against. Bernanke, Diamond, and Dybvig took a banking prize in 2022. Taylor is 79 and his public hawkishness has made him a partisan figure, which committees tend to avoid.
The KmikeyM angle. A Taylor rule replaces discretion with a formula anyone can check. KmikeyM's shareholder votes do the same thing to one person's discretion.
What the sources say
- Clarivate alumni (prior years) named John B. Taylor: named in 2009: for their research on monetary policy (heat 100) Preseason: the Clarivate alumni pool