To take any and all measures necessary for a healthy economy.Harry S. Truman
The 2015 Truman Medal for Economic Policy was awarded to economist John B. Taylor in recognition of his extraordinary career as an economic policy developer, public servant and educator.
The Truman Medal for Economic Policy provides a forum to recognize exceptional economic policy contributions. The award’s name reflects the role President Harry S. Truman played in the creation of the Council of Economic Advisers. The Truman Medal for Economic Policy recognizes John B. Taylor’s career as an educator, economic policy developer and public servant. Taylor’s research, teaching and writing have contributed to the considerations economists and policy makers use in evaluating and determine monetary policy actions. Taylor is probably best known for his “Taylor Rule,” which is used by central banks throughout the world.
Taylor has been active in public policy, having served as senior economist at the Council of Economic Advisors during the Ford and Carter administrations, as a member of the Council of Economic Advisors during the George H.W. Bush administration, and as Under Secretary of the Treasury for International Affairs during the George W. Bush administration.
John Taylor has written or co-authored 14 books on economic and financial matters. In addition, he has written hundreds of economic papers and academic journal articles. As an educator, Taylor has been a professor of economics at Yale University, Princeton University, Columbia University and Stanford University (having been at Stanford for the last 30 years).
TRUMAN MEDAL ENDOWMENT SPONSORS
EWING MARION KAUFFMAN FOUNDATION
J.E. DUNN CONSTRUCTION COMPANY
2015 GOLD LEVEL TABLE SPONSORS
The Economic Club of Kansas City
Ewing Marion Kauffman Foundation
2015 SILVER LEVEL TABLE SPONSORS
Bloch School of Management, University of Missouri, Kansas City
Country Club Bank
The Truman Medal for Economic Policy was created in 2005 to recognize extraordinary achievement in the formation and conduct of economic policy. The Medal is given biennially at an awards ceremony and luncheon in Kansas City, Missouri. The Truman Medal for Economic Policy reflects on the creation of the Council of Economic Advisers (CEA) under President Harry S. Truman. The CEA was established by the Employment Act of 1946, which President Truman signed on February 20, 1946. The act committed the government, as Truman described it, “to take any and all measures necessary for a healthy economy.”
Truman Medal Recipients
2005 Alan Greenspan
2007 George P. Shultz
2009 Paul A. Volcker
2011 Allan H. Meltzer
2013 Alice M. Rivlin
2015 John B. Taylor
Truman Medal Organizing Partners
Truman Library Institute
Economic Club of Kansas City
Henry W. Block School of Management
Missouri Council on Economic Education