Professor John B. Taylor is the Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow in Economics at the Hoover Institution. John Taylor's academic fields of expertise are macroeconomics, monetary economics and international economics. In particular, he is known for his research on the foundations of modern monetary theory and policy. He has served on the US President's Council of Economic Advisors, the US Congressional Budget Office's panel of Economic Advisors and the California Governor's Council of Economic Advisors. From 2001 to 2005, John Taylor was Under Secretary of the US Treasury for International Affairs, where he was responsible for, amongst other things, currency markets, trade in financial services and oversight of the International Monetary Fund and the World Bank.