| Headline: Taylor-made policy Source: Euromoney Date: September 2001 There are few bigger jobs in finance than US Treasury undersecretary for international affairs. So meet John Taylor, the former academic economist who finance ministers and central bank governors from around the world will be courting for the next few years. Taking time out from the negotiations over Argentina he delivers some tough messages on official sector financing packages: they should come with fewer conditions, but those conditions should be strictly monitored and enforced, before funds are disbursed. He offers to share useful experience with Japan, expresses confidence in the European single currency project and explains to James H Smalhout why the US current account deficit is sustainable
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. | |||||||||||||||||||||||||||||||||||||||||