John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and a Senior Fellow of Economics at the Hoover Institution. He is also the Director of Stanford University Introductory Economics Center. His fields of expertise include macroeconomics, monetary policy, and international economics. He is best known for his work creating an interest rate forecasting tool that came to be known as, The Taylor Rule. The Taylor Rule asserts that the real interest rate should be 1.5 times the inflation rate, based on several macroeconomic assumptions.
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