Stanford Club & Asia Society Event:  Asia Society Luncheon Presentation – Stanford Professor Speaking

Lunch, Thursday, 4 September 2014
PROF JOHN B. TAYLOR, Mary & Robert Raymond Professor of Economics, Stanford University (and former United States Under-Secretary of Treasury for Int’l Affairs)
The American Economy:  “Turtle or Caged Eagle & the Global Implications
12:15 Registration
12:30 Luncheon
14:00 Close
Asia Society Hong Kong Center, 9 Justice Drive, Admiralty, Hong Kong
HKD 470 Stanford Alumni & Asia Society Members | HKD 570 Others.
Please CLICK HERE.  If you are not an Asia Society Member, please follow the instructions on the same page for non-members.

Event Details:

Stanford alumni are invited to attend this special lunch presentation by Stanford Prof. John B. Taylor, former Under Secretary of Treasury for Int’l Affairs under President George W. Bush.

U.S. economic growth has recently been very slow—only 2 percent per year since the end of the recession 5 years ago compared to 4 or 5 percent following earlier deep recessions. Is the cause of weak growth poor economic policy as argued in John B. Taylor's book "First Principles”, or is there a new secular stagnation with a permanent decline in technological advances as others have argued? A recent cover of The Economist portrayed the US economy as a turtle crawling along as a rider tragically tries to get it to move faster, but it is clearly incapable as secular stagnationists or high-hanging fruiters see it.

Prof. Taylor will argue that a better analogy is a caged eagle. If you remove the cage of poor policy, then the economy will soar again and that would have important implications for Asia and the whole world economy.

About the Speaker:
John B. Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Stanford Institute for Economic Policy Research where he was previously Director. He is also the George P. Shultz Senior Fellow in Economics at the Hoover Institution. Before joining Stanford, he was Professor of Economics at Princeton University and Columbia University. Professor Taylor’s fields of expertise are monetary policy, fiscal policy and international economics. He served as Under Secretary of Treasury for International Affairs between 2001 to 2005 responsible for US policies in international finance, trade in financial services, foreign investment, international debt and development, and oversight of the International Monetary Fund and the World Bank. He was also a senior economist on President Ford's Council of Economic Advisers and a member of President George H.W. Bush's Council of Economic Advisers. Professor Taylor graduated from Princeton University and received his PhD from Stanford University