John Taylor vs. John Taylor

John Taylor, 2010:

[T]he Federal Reserve's large-scale asset purchase plan (so-called "quantitative easing") should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances.... [I] disagree with the view that inflation needs to be pushed higher, and worry that another round of asset purchases, with interest rates still near zero over a year into the recovery, will distort financial markets...

John Taylor, 1994:

[A] good policy allows a speedup in growth above potential GDP growth after a recession.... The faster growth in the United States compared with that in Europe just after the 1982 recession is an example of such a better policy.... [O]ne rule I have found attractive has the federal funds rate adjusted up if GDP goes above target or if inflation goes above target, and vice versa...