Timothy Taylor Global Economy Expert

Timothy Taylor is an American economist. He is managing editor of the Journal of Economic Perspectives, a quarterly academic journal produced at Macalester College and published by the American Economic Association. Taylor received his Bachelor of Arts degree from Haverford College and a master's degree in economics from Stanford University. At Stanford, he was winner of the award for excellent teaching in a large class (more than 30 students) given by the Associated Students of Stanford University. At Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the master's degree students at the Hubert H. Humphrey Institute of Public Affairs. Taylor has been a guest speaker for groups of teachers of high school economics, visiting diplomats from eastern Europe, talk-radio shows, and community groups. From 1989 to 1997, Professor Taylor wrote an economics opinion column for the San Jose Mercury-News. He has published multiple lectures on economics through The Teaching Company. With Rudolph Penner and Isabel Sawhill, he is co-author of Updating America's Social Contract (2000), whose first chapter provided an early radical centrist perspective, "An Agenda for the Radical Middle". Taylor is also the author of The Instant Economist: Everything You Need to Know About How the Economy Works, published by the Penguin Group in 2012. The fourth edition of Taylor's Principles of Economics textbook was published by Textbook Media in 2017.


The Inflation Puzzle: Why Has it Moved So Little for 25 Years?

Sometimes the mystery is why something did not happen. The classic statement of this description is in the Arthur Conan Doyle story "Silver Blaze," in which Inspector Gregory asks Sherlock Holmes:


Americans Don't See Economy as a Nation's Most Important Problem

The Gallup Poll regularly asks about what people see as America's most important problem. 


The Prisoner's Dilemma: Celebrating its 70th Anniversary

The prisoners' dilemma game originated in 1950, and thus commemorates its 70th anniversary this year.


Why are Men Detaching from the Labor Force?

Labor economists refer to "prime-age" men and women, by which they mean those in the 25-54 age group who are in the prime age group for working. But there is half-century trend that prime-age males are becoming less likely to be in the labor force. Nicholas Eberstadt discusses the subject in "Education and Men without Work" in the Winter 2020 issue of National Affairs. 


Who are the Current Main Players in the Federal Funds Market?

When the Federal Reserve conducts monetary policy, it announces a target for the "federal funds" interest rate.