Alan M. Taylor

University of California, Davis - Department of Economics

Professor

One Shields Drive

Davis, CA 95616-8578

United States

http://www.econ.ucdavis.edu/faculty/amtaylor/

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

http://nber.org

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

http://cepr.org

SCHOLARLY PAPERS

119

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Top 5,873

in Total Papers Downloads

8,048

SSRN CITATIONS
Rank 172

SSRN RANKINGS

Top 172

in Total Papers Citations

880

CROSSREF CITATIONS

2,716

Scholarly Papers (119)

1.
Downloads 1,151 ( 20,004)
Citation 30

The Rate of Return on Everything, 1870–2015

NBER Working Paper No. w24112
Number of pages: 174 Posted: 19 Dec 2017 Last Revised: 09 Jan 2018
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 678 (41,707)
Citation 1

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The Rate of Return on Everything, 1870-2015

CESifo Working Paper Series No. 6899
Number of pages: 124 Posted: 19 Apr 2018
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 455 (69,682)
Citation 1

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return on capital, interest rates, yields, dividends, rents, capital gains, risk premiums, household wealth, housing markets

The Rate of Return on Everything, 1870-2015

CEPR Discussion Paper No. DP12509
Number of pages: 177 Posted: 19 Dec 2017 Last Revised: 20 May 2019
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Free University of Berlin (FUB) - Division of Economics, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 18 (612,331)
Citation 21
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capital gains, dividends, household wealth, housing markets, interest rates, rents, return on capital, risk premiums, yields

2.

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

NBER Working Paper No. w15512
Number of pages: 38 Posted: 17 Nov 2009 Last Revised: 15 Feb 2010
Moritz Schularick and Alan M. Taylor
University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 352 (95,071)
Citation 2

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3.

Land, Labor and the Wage-Rental Ratio: Factor Price Convergence in the Late Nineteenth Century

NBER Working Paper No. h0046
Number of pages: 62 Posted: 08 Jun 2004 Last Revised: 19 Aug 2010
University of Dublin, Trinity College, University of California, Davis - Department of Economics and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 341 (98,475)

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4.

Globalization and Capital Markets

NBER Working Paper No. w8846
Number of pages: 69 Posted: 23 Mar 2002 Last Revised: 26 Oct 2010
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 289 (117,975)
Citation 5

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5.
Downloads 285 (119,676)
Citation 4

The Great Leveraging

BIS Working Paper No. 398
Number of pages: 52 Posted: 12 Apr 2013
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 146 (223,302)

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banking, financial development, credit, booms, crises, recessions, global imbalances, Great Recession, fiscal policy

The Great Leveraging

NBER Working Paper No. w18290
Number of pages: 39 Posted: 10 Aug 2012
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 125 (252,623)

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The Great Leveraging

CEPR Discussion Paper No. DP9082
Number of pages: 40 Posted: 28 Sep 2012
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 14 (642,065)
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banking, booms, credit, crises, financial development, fiscal policy, global imbalances, Great Recession, recessions

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

NBER Working Paper No. w14264
Number of pages: 46 Posted: 27 Aug 2008 Last Revised: 24 Jun 2010
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and University of California, Davis - Department of Economics
Downloads 277 (122,639)

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Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

CEPR Discussion Paper No. DP6942
Number of pages: 48 Posted: 02 Dec 2008
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and University of California, Davis - Department of Economics
Downloads 3 (730,361)
Citation 10
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capital goods, developing countries, GATT, growth, intermediate goods, trade liberalization, Uruguay Round

The Carry Trade and Fundamentals: Nothing to Fear But Feer Itself

NBER Working Paper No. w15518
Number of pages: 38 Posted: 17 Nov 2009 Last Revised: 23 Nov 2009
Oscar Jorda and Alan M. Taylor
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 239 (142,820)

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The Carry Trade and Fundamentals: Nothing to Fear But Feer Itself

CEPR Discussion Paper No. DP7568
Number of pages: 40 Posted: 11 Jan 2010
Oscar Jorda and Alan M. Taylor
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 12 (657,576)
Citation 5
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efficient markets hypothesis, foreign exchange market

8.
Downloads 242 (141,637)
Citation 133

The Purchasing Power Parity Debate

NBER Working Paper No. w10607
Number of pages: 34 Posted: 09 Jul 2004 Last Revised: 27 Jun 2010
Alan M. Taylor and Mark P. Taylor
University of California, Davis - Department of Economics and Washington University in St. Louis - John M. Olin Business School
Downloads 193 (175,241)
Citation 4

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The Purchasing Power Parity Debate

Number of pages: 36 Posted: 07 Sep 2004
Alan M. Taylor and Mark P. Taylor
University of California, Davis - Department of Economics and Washington University in St. Louis - John M. Olin Business School
Downloads 49 (441,732)
Citation 9
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Purchasing power parity, exchange rates, real exchange rates, nonlinearity, long-run equilibrium

9.
Downloads 76 (168,082)

Democracy and Protectionism

NBER Working Paper No. w12250
Number of pages: 33 Posted: 25 May 2006 Last Revised: 05 Jun 2010
Kevin H. O'Rourke and Alan M. Taylor
University of Dublin, Trinity College and University of California, Davis - Department of Economics
Downloads 52 (430,104)

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Democracy and Protectionism

CEPR Discussion Paper No. 5698
Number of pages: 35 Posted: 07 Aug 2006
Kevin H. O'Rourke and Alan M. Taylor
University of Dublin, Trinity College and University of California, Davis - Department of Economics
Downloads 24 (569,774)
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Factor endowments, Heckscher-Ohlin trade theory, Stolper-Samuelson theorem and tariffs

Trade, Knowledge, and the Industrial Revolution

IIIS Discussion Paper No. 219
Number of pages: 54 Posted: 18 Apr 2007
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 102 (292,876)

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Endogenous growth, Demography, Trade

Trade, Knowledge and the Industrial Revolution

Centro Studi Luca d'Agliano Development Studies Working Paper No. 230
Number of pages: 52 Posted: 25 Jul 2007
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 41 (475,814)

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Endogenous growth, demography, trade

Trade, Knowledge, and the Industrial Revolution

NBER Working Paper No. w13057
Number of pages: 52 Posted: 27 Jun 2007 Last Revised: 06 Sep 2010
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 28 (543,611)

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Trade, Knowledge, and the Industrial Revolution

CEPR Discussion Paper No. DP6293
Number of pages: 54 Posted: 22 May 2008
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 1 (756,005)
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demography, endogenous growth, trade

Collateral Damage: Trade Disruption and the Economic Impact of War

FRB of San Francisco Working Paper No. 2005-11
Number of pages: 54 Posted: 02 Oct 2005
Reuven Glick and Alan M. Taylor
Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 108 (281,304)
Citation 1

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War, international trade

Collateral Damage: Trade Disruption and the Economic Impact of War

NBER Working Paper No. w11565
Number of pages: 65 Posted: 19 Oct 2006 Last Revised: 03 Nov 2010
Reuven Glick and Alan M. Taylor
Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 36 (499,516)

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Collateral Damage: Trade Disruption and the Economic Impact of War

CEPR Discussion Paper No. 5209
Number of pages: 56 Posted: 07 Oct 2005
Reuven Glick and Alan M. Taylor
Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 18 (612,331)
Citation 13
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Peace, conflict, gravity model, World War I, World War II

12.

Internal Versus External Convertibility and Emerging-Market Crises: Lessons from Argentine History

Number of pages: 32 Posted: 10 Dec 2001
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 151 (216,829)
Citation 2

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13.
Downloads 135 (237,236)
Citation 5

External Imbalances and Financial Crises

IMF Working Paper No. 13/260
Number of pages: 19 Posted: 20 Jan 2014
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 115 (268,891)
Citation 1

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Financial crisis, Current account, Credit expansion, Capital flows, Business cycles, Financial crises, financial openness, capital controls, external imbalances, credit booms, recessions, banking crisis, banking crises, capital mobility, global financial crisis, financial distress, bank panics, public debts, economic crisis, reserve requirements, current account deficits, crisis problem, currency risks, private debt, current accounts, asset bubbles, rating agencies, government deficits, reserve accumulation, deposit insurance, fiscal crisis, financial integration

External Imbalances and Financial Crises

NBER Working Paper No. w18606
Number of pages: 20 Posted: 07 Dec 2012
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 14 (642,065)

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External Imbalances and Financial Crises

CEPR Discussion Paper No. DP9255
Number of pages: 22 Posted: 01 Feb 2013
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 6 (704,775)
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credit booms, external imbalances, financial crises

14.

Leveraged Bubbles

CESifo Working Paper Series No. 5489
Number of pages: 36 Posted: 22 Sep 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 119 (261,143)
Citation 4

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boom, bust, bank lending, debt overhang, crises, local projections

15.

The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility

NBER Working Paper No. w10396
Number of pages: 41 Posted: 10 May 2004 Last Revised: 30 Mar 2012
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 117 (264,378)
Citation 30

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Financial Stability, the Trilemma, and International Reserves

NBER Working Paper No. w14217
Number of pages: 48 Posted: 18 Aug 2008 Last Revised: 30 Mar 2012
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 109 (279,463)

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Financial Stability, the Trilemma, and International Reserves

CEPR Discussion Paper No. DP6693
Number of pages: 47 Posted: 09 Jun 2008
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 7 (696,714)
Citation 24
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banking crises, capital flight, central banks, exchange rate regimes, financial development, foreign exchange, global imbalances, Guidotti-Greenspan rule, international liquidity, intervention, lender of last resort, net foreign assets, sterilization, sudden stop

17.

Globalization, Trade, and Development: Some Lessons from History

NBER Working Paper No. w9326
Number of pages: 39 Posted: 16 Nov 2002 Last Revised: 30 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 107 (281,479)

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Productivity, Tradability, and the Long-Run Price Puzzle

FRB of San Francisco Working Paper No. 2004-08
Number of pages: 55 Posted: 12 Jul 2004
Paul R. Bergin, Reuven Glick and Alan M. Taylor
University of California, Davis - Department of Economics, Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 70 (369,672)

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Prices, productivity, econometric models

Productivity, Tradability, and the Long-Run Price Puzzle

NBER Working Paper No. w10569
Number of pages: 32 Posted: 23 May 2011 Last Revised: 05 Jan 2012
Paul R. Bergin, Reuven Glick and Alan M. Taylor
University of California, Davis - Department of Economics, Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 23 (576,640)
Citation 1

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Productivity, Tradability and the Long-Run Price Puzzle

Number of pages: 58 Posted: 07 Sep 2004
Paul R. Bergin, Reuven Glick and Alan M. Taylor
University of California, Davis - Department of Economics, Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Davis - Department of Economics
Downloads 13 (649,703)
Citation 4
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Real exchange rate, great divergence, Ricardo-Harrod-Balassa-Samuelson effect

Sovereigns Versus Banks: Credit, Crises, and Consequences

CESifo Working Paper Series No. 4431
Number of pages: 44 Posted: 25 Oct 2013 Last Revised: 19 Feb 2014
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 98 (300,741)

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leverage, booms, recessions, financial crises, business cycles, local projections

Sovereigns Versus Banks: Credit, Crises, and Consequences

CEPR Discussion Paper No. DP9678
Number of pages: 35 Posted: 07 Oct 2013
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 0
Citation 15
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booms, business cycles, financial crises, leverage, local projections, recessions

20.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

NBER Working Paper No. w20501
Number of pages: 48 Posted: 22 Sep 2014 Last Revised: 18 May 2015
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 97 (300,627)
Citation 2

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21.

Business Cycles in International Historical Perspective

NBER Working Paper No. w7090
Number of pages: 43 Posted: 31 Oct 1999 Last Revised: 05 May 2000
Susanto Basu and Alan M. Taylor
Boston College, College of Arts and Sciences, Department of Economics and University of California, Davis - Department of Economics
Downloads 96 (302,704)
Citation 3

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22.

Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008

NBER Working Paper No. w14826
Number of pages: 23 Posted: 29 Mar 2009 Last Revised: 07 Jul 2010
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 91 (313,222)
Citation 7

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23.

Sovereigns Versus Banks: Credit, Crises and Consequences

Institute for New Economic Thinking Working Paper Series No. 3
Number of pages: 43 Posted: 27 Mar 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 87 (322,137)

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24.

A Century of Purchasing-Power Parity

NBER Working Paper No. w8012
Number of pages: 22 Posted: 18 Nov 2000 Last Revised: 25 Jun 2001
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 86 (324,438)
Citation 4

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25.

Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons

NBER Working Paper No. w16567
Number of pages: 43 Posted: 06 Dec 2010
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 81 (336,456)
Citation 32

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Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period

NBER Working Paper No. w10393
Number of pages: 43 Posted: 13 May 2004 Last Revised: 30 Mar 2012
Maurice Obstfeld, Alan M. Taylor and Jay Shambaugh
University of California, Berkeley, University of California, Davis - Department of Economics and Dartmouth College - Department of Economics
Downloads 61 (397,811)

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Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period

Number of pages: 45 Posted: 18 May 2004
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 20 (597,818)
Citation 4
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Trilemma, exchange rates, monetary policy

27.

When Credit Bites Back: Leverage, Business Cycles and Crises

Institute for New Economic Thinking Working Paper Series No. 20
Number of pages: 42 Posted: 29 Oct 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 75 (351,797)
Citation 12

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28.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

CESifo Working Paper Series No. 4993
Number of pages: 48 Posted: 09 Oct 2014
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 75 (351,797)
Citation 1

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leverage, recessions, mortgage lending, financial crises, business cycles, local projections

29.

Currency Carry Trades

NBER Working Paper No. w16491
Number of pages: 29 Posted: 25 Oct 2010 Last Revised: 04 Nov 2010
Travis J. Berge, Oscar Jorda and Alan M. Taylor
Board of Governors of the Federal Reserve System, University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 74 (354,529)
Citation 2

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30.

International Capital Mobility in History: The Saving-Investment Relationship

NBER Working Paper No. w5743
Number of pages: 54 Posted: 24 Oct 1996 Last Revised: 04 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 71 (362,651)

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31.

Betting the House

CESifo Working Paper Series No. 5147
Number of pages: 43 Posted: 16 Jan 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 70 (365,459)
Citation 3

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house prices, monetary policy, financial crises

32.

The Great Depression as a Watershed: International Capital Mobility Over the Long Run

NBER Working Paper No. w5960
Number of pages: 67 Posted: 20 Jun 2000 Last Revised: 29 May 2008
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 69 (368,282)
Citation 10

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33.

Three Phases of Argentine Economic Growth

NBER Working Paper No. h0060
Number of pages: 35 Posted: 08 Mar 2000 Last Revised: 02 Sep 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 67 (374,169)

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34.
Downloads 62 (389,329)
Citation 1

Betting the House

HKIMR Working Paper No.31/2014
Number of pages: 48 Posted: 02 Jan 2015
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 32 (520,507)
Citation 1

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Financial Crises, Monetary Policy, Leverage, Credit, House Prices, Local Projections, Instrumental Variables

Betting the House

NBER Working Paper No. w20771
Number of pages: 43 Posted: 22 Dec 2014
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 30 (531,608)
Citation 1

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Losing Our Marbles in the New Century? The Great Rebalancing in Historical Perspective

NBER Working Paper No. w12580
Number of pages: 57 Posted: 18 Oct 2006 Last Revised: 21 Feb 2007
Christopher M. Meissner and Alan M. Taylor
University of Cambridge - Faculty of Economics and Politics and University of California, Davis - Department of Economics
Downloads 37 (494,662)

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Losing Our Marbles in the New Century? The Great Rebalancing in Historical Perspective

CEPR Discussion Paper No. 5917
Number of pages: 59 Posted: 29 Dec 2006
Christopher M. Meissner and Alan M. Taylor
University of Cambridge - Faculty of Economics and Politics and University of California, Davis - Department of Economics
Downloads 21 (590,659)
Citation 1
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Current account adjustment, exorbitant privilege, global imbalances, return differentials

36.

The Total Risk Premium Puzzle

NBER Working Paper No. w25653
Number of pages: 56 Posted: 19 Mar 2019
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 55 (412,688)
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37.

Bank Capital Redux: Solvency, Liquidity, and Crisis

NBER Working Paper No. w23287
Number of pages: 75 Posted: 27 Mar 2017
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 55 (412,688)
Citation 1

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38.

The Rise and Fall of World Trade, 1870-1939

NBER Working Paper No. w9318
Number of pages: 42 Posted: 16 Nov 2002
Antoni Estevadeordal, Brian Frantz and Alan M. Taylor
Inter-American Development Bank (IADB), United States Agency for International Development and University of California, Davis - Department of Economics
Downloads 55 (412,688)
Citation 14

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39.

Global Finance after the Crisis

Bank of England Quarterly Bulletin 2010 Q4
Number of pages: 12 Posted: 26 Dec 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 53 (419,554)
Citation 1

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The Monetary Consequences of a Free Trade Area of the Americas

NBER Working Paper No. w9666
Number of pages: 45 Posted: 10 May 2003 Last Revised: 01 Oct 2009
Barry Eichengreen and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 35 (504,566)
Citation 2

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The Monetary Consequences of a Free Trade Area of the Americas

Number of pages: 51 Posted: 22 Jul 2003
Barry Eichengreen and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 18 (612,331)
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Regional trade arrangements, exchange rates

Sovereign Risk, Credibility and the Gold Standard: 1870-1913 Versus 1925-31

NBER Working Paper No. w9345
Number of pages: 48 Posted: 21 Nov 2002 Last Revised: 30 Oct 2010
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 34 (509,752)

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Sovereign Risk, Credibility and the Gold Standard: 1870-1913 Versus 1925-31

Number of pages: 50 Posted: 29 Jan 2003
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 19 (605,115)
Citation 7
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Gold standard, sovereign risk, credibility, monetary regimes, exchange rates

42.

When Credit Bites Back: Leverage, Business Cycles, and Crises

NBER Working Paper No. w17621
Number of pages: 42 Posted: 24 Nov 2011 Last Revised: 30 Nov 2011
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 52 (423,096)
Citation 4

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43.
Downloads 51 (426,675)
Citation 7

Trade and Uncertainty

CESifo Working Paper Series No. 4819
Number of pages: 54 Posted: 25 Jun 2014
Dennis Novy and Alan M. Taylor
University of Warwick - Department of Economics and University of California, Davis - Department of Economics
Downloads 30 (531,608)

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uncertainty shock, trade collapse, inventory, real options, imports, intermediates

Trade and Uncertainty

NBER Working Paper No. w19941
Number of pages: 54 Posted: 03 Mar 2014
Dennis Novy and Alan M. Taylor
University of Warwick - Department of Economics and University of California, Davis - Department of Economics
Downloads 20 (597,818)

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Trade and Uncertainty

CEPR Discussion Paper No. DP9888
Number of pages: 56 Posted: 02 Jun 2014
Dennis Novy and Alan M. Taylor
University of Warwick - Department of Economics and University of California, Davis - Department of Economics
Downloads 1 (756,005)
Citation 5
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Imports, Intermediates, Inventory, Real options, Trade collapse, Uncertainty shock

44.

Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard

NBER Working Paper No. w11795
Number of pages: 32 Posted: 29 Nov 2006 Last Revised: 25 Sep 2010
Natalia Chernyshoff, David S. Jacks and Alan M. Taylor
affiliation not provided to SSRN, Simon Fraser University (SFU) - Department of Economics and University of California, Davis - Department of Economics
Downloads 49 (434,121)

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45.

Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century

NBER Working Paper No. w6302
Number of pages: 42 Posted: 13 Jul 2000 Last Revised: 07 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 49 (434,121)
Citation 4

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46.

Finance and Development in an Emerging Market: Argentina and the Interwar Period

NBER Working Paper No. w6236
Number of pages: 29 Posted: 29 Aug 2000 Last Revised: 07 Oct 2010
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 48 (437,868)

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47.

Domestic Saving and International Capital Flows Reconsidered

NBER Working Paper No. w4892
Number of pages: 37 Posted: 16 May 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 48 (437,868)
Citation 3

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48.

Latin America and Foreign Capital in the Twentieth Century: Economics, Politics, and Institutional Change

NBER Working Paper No. w7394
Number of pages: 29 Posted: 09 Jan 2000 Last Revised: 14 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 48 (437,868)

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Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913

NBER Working Paper No. w10583
Number of pages: 36 Posted: 06 Jul 2004 Last Revised: 09 Sep 2004
Deloitte Touche Tohmatsu - Washington, D.C. Office, Howrey, Simon, Arnold & White - The CapAnalysis Group and University of California, Davis - Department of Economics
Downloads 36 (499,516)
Citation 4

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Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913

Number of pages: 38 Posted: 07 Sep 2004
Deloitte Touche Tohmatsu - Washington, D.C. Office, Howrey, Simon, Arnold & White - The CapAnalysis Group and University of California, Davis - Department of Economics
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Market integration, gold points, dollar, sterling

50.

On the Costs of Inward-Looking Development: Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s

NBER Working Paper No. w5432
Number of pages: 43 Posted: 27 Feb 1997 Last Revised: 08 May 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 46 (445,683)
Citation 3

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51.

Leveraged Bubbles

NBER Working Paper No. w21486
Number of pages: 36 Posted: 25 Aug 2015
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 45 (449,677)

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52.

A Century of Missing Trade?

NBER Working Paper No. w8301
Number of pages: 22 Posted: 17 May 2001 Last Revised: 22 Oct 2010
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and University of California, Davis - Department of Economics
Downloads 44 (453,736)
Citation 2

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International Monetary Relations: Taking Finance Seriously

NBER Working Paper No. w23440
Number of pages: 44 Posted: 05 Jun 2017
Maurice Obstfeld and Alan M. Taylor
International Monetary Fund (IMF) and University of California, Davis - Department of Economics
Downloads 42 (471,339)

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International Monetary Relations: Taking Finance Seriously

CEPR Discussion Paper No. DP12079
Number of pages: 46 Posted: 05 Jun 2017
Maurice Obstfeld and Alan M. Taylor
International Monetary Fund (IMF) and University of California, Davis - Department of Economics
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financial stability, international monetary system, macroeconomic stability, trilemma

54.
Downloads 42 (461,997)
Citation 13

Credit, Financial Stability, and the Macroeconomy

NBER Working Paper No. w21039
Number of pages: 43 Posted: 23 Mar 2015 Last Revised: 24 Mar 2015
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 41 (475,814)
Citation 1

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Credit, Financial Stability, and the Macroeconomy

CEPR Discussion Paper No. DP10511
Number of pages: 44 Posted: 01 Apr 2015
Alan M. Taylor
University of California, Davis - Department of Economics
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banks, financial crisis, financial history, leverage, macroeconomic history, macroprudential policy, monetary policy, recessions

Credit, Financial Stability, and the Macroeconomy

Annual Review of Economics, Vol. 7, pp. 309-339, 2015
Posted: 07 Aug 2015
Alan M. Taylor
University of California, Davis - Department of Economics

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55.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

HKIMR Working Paper No.25/2014
Number of pages: 46 Posted: 25 Sep 2014
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 42 (461,997)
Citation 1

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Leverage, Recessions, Mortgage Lending, Financial Crises, Business Cycles, Local Projections

56.

Gaucho Banking Redux

NBER Working Paper No. w9457
Number of pages: 36 Posted: 31 Jan 2003 Last Revised: 20 Jun 2009
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 42 (461,997)

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57.

Australian Growth: A California Perspective

NBER Working Paper No. w8408
Number of pages: 32 Posted: 06 Aug 2001 Last Revised: 22 Oct 2010
Ian W. McLean and Alan M. Taylor
University of Adelaide - Centre for International Economic Studies (CIES) and University of California, Davis - Department of Economics
Downloads 42 (461,997)

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58.

Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

NBER Working Paper No. w6053
Number of pages: 48 Posted: 20 Jul 2000 Last Revised: 05 Oct 2010
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics
Downloads 42 (461,997)
Citation 10

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The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and Their Long-Run Equilibrium

NBER Working Paper No. w15868
Number of pages: 31 Posted: 05 Apr 2010
Yanping Chong, Oscar Jorda and Alan M. Taylor
Winona State University - Department of Economics, University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 38 (489,738)

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The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and Their Long-Run Equilibrium

CEPR Discussion Paper No. DP7902
Number of pages: 33 Posted: 19 Jul 2010
Yanping Chong, Oscar Jorda and Alan M. Taylor
Winona State University - Department of Economics, University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 3 (730,361)
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cointegration, Harrod-Balassa-Samuelson hypothesis, local projections, panel data

60.

A Century of Current Account Dynamics

NBER Working Paper No. w8927
Number of pages: 26 Posted: 09 May 2002
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 39 (474,874)
Citation 4

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61.

Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries

NBER Working Paper No. w9580
Number of pages: 53 Posted: 27 Mar 2003 Last Revised: 01 Nov 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 37 (483,873)

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62.

Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price

NBER Working Paper No. w7577
Number of pages: 30 Posted: 06 May 2000 Last Revised: 17 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 37 (483,873)
Citation 1

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63.

International Capital Mobility in History: Purchasing-Power Parity in the Long Run

NBER Working Paper No. w5742
Number of pages: 42 Posted: 31 Oct 1996 Last Revised: 04 Oct 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 37 (483,873)

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64.

International Trade and Finance Under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30

NBER Working Paper No. w12543
Number of pages: 40 Posted: 02 Oct 2006 Last Revised: 15 Jan 2007
Alan M. Taylor and Janine Wilson
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 36 (488,362)
Citation 2

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65.

Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration

NBER Working Paper No. w5276
Number of pages: 45 Posted: 03 Sep 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 36 (488,362)

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66.
Downloads 34 (497,854)
Citation 1

The Long-Run Effects of Monetary Policy

Number of pages: 73 Posted: 02 Mar 2020
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of California, Davis and University of California, Davis - Department of Economics
Downloads 23 (576,640)
Citation 1

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monetary policy, money neutrality, hysteresis, trilemma, instrumental vari- ables, local projections

The Long-Run Effects of Monetary Policy

NBER Working Paper No. w26666
Number of pages: 72 Posted: 22 Jan 2020
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of California, Davis and University of California, Davis - Department of Economics
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The Long-Run Effects of Monetary Policy

CEPR Discussion Paper No. DP14338
Number of pages: 74 Posted: 29 Jan 2020 Last Revised: 21 Sep 2020
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of California, Davis and University of California, Davis - Department of Economics
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hysteresis, instrumental vari- ables, local projections, monetary policy, money neutrality, trilemma

Monetary versus Macroprudential Policies Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report

Bank of England Working Paper No. 610
Number of pages: 59 Posted: 23 Aug 2016
David Aikman, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE) and University of California, Davis - Department of Economics
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Monetary policy, macroprudential policy, credit controls

Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report

NBER Working Paper No. w22380
Number of pages: 42 Posted: 07 Jul 2016
David Aikman, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE) and University of California, Davis - Department of Economics
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Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report

CEPR Discussion Paper No. DP11353
Number of pages: 45 Posted: 27 Jun 2016 Last Revised: 19 Nov 2018
David Aikman, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE) and University of California, Davis - Department of Economics
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credit controls, macroprudential policy, monetary policy

68.

Measuring Market Integration: A Model of Arbitrage with an Econometric Application to the Gold Standard, 1879-1913

NBER Working Paper No. w6073
Number of pages: 37 Posted: 09 Feb 1998 Last Revised: 06 Oct 2010
Gauri Prakash-Canjels and Alan M. Taylor
Howrey, Simon, Arnold & White - The CapAnalysis Group and University of California, Davis - Department of Economics
Downloads 34 (497,854)
Citation 2

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69.

Latifundia as Malefactor in Economic Development? Scale, Tenancy, and Agriculture on the Pampas, 1880-1914

NBER Working Paper No. h0096
Number of pages: 38 Posted: 01 Sep 1997 Last Revised: 14 May 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 34 (497,854)

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70.

Sources of Convergence in the Late Nineteenth Century

NBER Working Paper No. w5806
Number of pages: 33 Posted: 03 Oct 1999 Last Revised: 14 May 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 31 (512,772)
Citation 7

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71.

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

NBER Working Paper No. w19414
Number of pages: 45 Posted: 06 Sep 2013
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
Downloads 30 (518,013)
Citation 1

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72.

Capital Flows to the New World as an Intergenerational Transfer

NBER Working Paper No. h0032
Number of pages: 42 Posted: 29 Dec 2006 Last Revised: 05 Aug 2010
Alan M. Taylor and Jeffrey G. Williamson
University of California, Davis - Department of Economics and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 30 (518,013)
Citation 1

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73.

Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914

NBER Working Paper No. h0068
Number of pages: 42 Posted: 08 Mar 2000 Last Revised: 10 Sep 2010
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 30 (518,013)

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74.

Internal Versus External Convertibility and Developing-Country Financialcrises: Lessons from the Argentine Bank Bailout of the 1930's

NBER Working Paper No. w7386
Number of pages: 37 Posted: 08 Feb 2000 Last Revised: 14 Oct 2010
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 30 (518,013)

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75.

Macrofinancial History and the New Business Cycle Facts

NBER Working Paper No. w22743
Number of pages: 57 Posted: 17 Oct 2016
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 28 (528,978)
Citation 3

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76.

Sovereigns Versus Banks: Credit, Crises, and Consequences

NBER Working Paper No. w19506
Number of pages: 43 Posted: 05 Oct 2013
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 28 (528,978)

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77.

Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime

NBER Working Paper No. w6767
Number of pages: 42 Posted: 08 Aug 2012
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 28 (528,978)
Citation 2

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78.

Convergence and International Factor Flows in Theory and History

NBER Working Paper No. w5798
Number of pages: 37 Posted: 04 Aug 2000
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 27 (534,684)

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The Leverage Factor: Credit Cycles and Asset Returns

NBER Working Paper No. w26435
Number of pages: 21 Posted: 11 Nov 2019
Josh Davis and Alan M. Taylor
Pacific Investment Management Company (PIMCO) and University of California, Davis - Department of Economics
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The Leverage Factor: Credit Cycles and Asset Returns

CEPR Discussion Paper No. DP14115
Number of pages: 24 Posted: 04 Dec 2019
Josh Davis and Alan M. Taylor
Pacific Investment Management Company (PIMCO) and University of California, Davis - Department of Economics
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asset allocation, Asset Pricing, Cycles, debt, leverage, return predictability

Luddites and the Demographic Transition

NBER Working Paper No. w14484
Number of pages: 40 Posted: 17 Nov 2008 Last Revised: 31 Jul 2010
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 22 (583,664)

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Luddites and the Demographic Transition

CEPR Discussion Paper No. DP7045
Number of pages: 42 Posted: 18 Dec 2008
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and University of California, Davis - Department of Economics
Downloads 4 (721,281)
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demography, endogenous growth, unified growth theory

Made in America? The New World, the Old, and the Industrial Revolution

NBER Working Paper No. w14077
Number of pages: 26 Posted: 12 Jun 2008 Last Revised: 27 Jun 2008
Gregory Clark, Kevin H. O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Dublin, Trinity College and University of California, Davis - Department of Economics
Downloads 18 (612,331)

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Made in America? The New World, the Old, and the Industrial Revolution

CEPR Discussion Paper No. DP6856
Number of pages: 28 Posted: 17 Jun 2008
Gregory Clark, Kevin H. O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Dublin, Trinity College and University of California, Davis - Department of Economics
Downloads 8 (688,865)
Citation 2
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British Industrial Revolution, colonies, Great Divergence, growth, specialisation, trade

82.
Downloads 25 (546,609)
Citation 3

NBER Working Paper No. w19924
Number of pages: 35 Posted: 24 Feb 2014 Last Revised: 15 Jun 2020
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 24 (569,774)
Citation 1

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The Argentina Paradox: Microexplanations and Macropuzzles

CEPR Discussion Paper No. DP9876
Number of pages: 36 Posted: 02 Jun 2014
Alan M. Taylor
University of California, Davis - Department of Economics
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Citation 2
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divergence, finance, growth, institutions, Latin America, policies, trade

83.

"Convergence in the Age of Mass Migration"

NBER Working Paper No. w4711
Number of pages: 52 Posted: 18 May 2011 Last Revised: 12 Jun 2013
Alan M. Taylor and Jeffrey G. Williamson
University of California, Davis - Department of Economics and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 25 (546,609)
Citation 4

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84.

The Global 1970s and the Echo of the Great Depression

NBER Working Paper No. w15475
Number of pages: 26 Posted: 09 Nov 2009 Last Revised: 12 Nov 2009
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 25 (546,609)

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85.
Downloads 23 (559,028)
Citation 11

Global Financial Cycles and Risk Premiums

NBER Working Paper No. w24677
Number of pages: 58 Posted: 13 Jun 2018
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, University of California, Davis - Department of Economics and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
Downloads 22 (583,664)

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Global Financial Cycles and Risk Premiums

CEPR Discussion Paper No. DP12969
Number of pages: 60 Posted: 05 Jun 2018
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, University of California, Davis - Department of Economics and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
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Citation 7
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asset prices, equity return premium, financial centers, financial cycles, policy spillovers

Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades

NBER Working Paper No. w21768
Number of pages: 62 Posted: 07 Dec 2015
Yale University - School of Management, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and University of California, Davis - Department of Economics
Downloads 23 (576,640)
Citation 2

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Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades

CEPR Discussion Paper No. DP10962
Number of pages: 65 Posted: 01 Dec 2015 Last Revised: 16 Jun 2020
Yale University - School of Management, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and University of California, Davis - Department of Economics
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Citation 1
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bilateralism, gains from trade, input- output linkages, monopolistic competition, multilateralism, trade policy

The Future of International Liquidity and the Role of China

NBER Working Paper No. w18771
Number of pages: 27 Posted: 09 Feb 2013
Alan M. Taylor
University of California, Davis - Department of Economics
Downloads 20 (597,818)

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The Future of International Liquidity and the Role of China

CEPR Discussion Paper No. DP9305
Number of pages: 28 Posted: 01 Feb 2013
Alan M. Taylor
University of California, Davis - Department of Economics
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China, international reserves, precautionary saving, renminbi, reserve currency, Triffin paradox

The Future of International Liquidity and the Role of China

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 86-94, 2013
Number of pages: 11 Posted: 13 Sep 2013
Alan M. Taylor
University of California, Davis - Department of Economics
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88.

Testing Trade Theory in Ohlin's Time

NBER Working Paper No. w8842
Number of pages: 31 Posted: 23 Mar 2002 Last Revised: 26 Oct 2010
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and University of California, Davis - Department of Economics
Downloads 22 (565,414)

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89.
Downloads 21 (571,823)
Citation 18

Longer-Run Economic Consequences of Pandemics

NBER Working Paper No. w26934
Number of pages: 22 Posted: 06 Apr 2020
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of California, Davis and University of California, Davis - Department of Economics
Downloads 21 (590,659)
Citation 2

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Longer-Run Economic Consequences of Pandemics

CEPR Discussion Paper No. DP14543
Number of pages: 24 Posted: 08 May 2020 Last Revised: 16 Aug 2020
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of California, Davis and University of California, Davis - Department of Economics
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Citation 15
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depressions, local projections, Natural rate, Pandemics, Real interest rate, wars

The Growing Dependence of Britain on Trade During the Industrial Revolution

NBER Working Paper No. w19926
Number of pages: 35 Posted: 24 Feb 2014
Gregory Clark, Kevin O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Oxford and University of California, Davis - Department of Economics
Downloads 19 (605,115)
Citation 1

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The Growing Dependence of Britain on Trade During the Industrial Revolution

CEPR Discussion Paper No. DP9878
Number of pages: 37 Posted: 02 Jun 2014
Gregory Clark, Kevin O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Oxford and University of California, Davis - Department of Economics
Downloads 1 (756,005)
Citation 1
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British Industrial Revolution, colonies, Great Divergence, growth, specialization, trade

91.

Performance Evaluation of Zero Net-Investment Strategies

NBER Working Paper No. w17150
Number of pages: 42 Posted: 20 Jun 2011
Oscar Jorda and Alan M. Taylor
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
Downloads 20 (578,351)

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92.

The Trilemma in History: Trade-Offs Among Exchange Rates, Monetary Policies and Capital Mobility

Number of pages: 45 Posted: 18 May 2004
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 18 (591,521)
Citation 1
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Trilemma, exchange rates, monetary policy

Disasters Everywhere: The Costs of Business Cycles Reconsidered

FRB of New York Staff Report No. 925
Number of pages: 31 Posted: 18 May 2020
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 10 (673,120)

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fluctuations, asymmetry, local projections, random coefficients, macroprudential policy

Disasters Everywhere: The Costs of Business Cycles Reconsidered

NBER Working Paper No. w26962
Number of pages: 36 Posted: 13 Apr 2020
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 6 (704,775)
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Disasters Everywhere: The Costs of Business Cycles Reconsidered

CEPR Discussion Paper No. DP14559
Number of pages: 39 Posted: 08 May 2020 Last Revised: 16 Aug 2020
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Asymmetry, Fluctuations, local projections, macroprudential policy, Random coefficients

94.
Downloads 16 (604,661)
Citation 1

Trade, Technology, and the Great Divergence

NBER Working Paper No. w25741
Number of pages: 50 Posted: 15 Apr 2019
Kevin O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Oxford, Lehigh University - Department of Economics and University of California, Davis - Department of Economics
Downloads 14 (642,065)
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Trade, Technology, and the Great Divergence

CEPR Discussion Paper No. DP13674
Number of pages: 52 Posted: 16 Apr 2019 Last Revised: 06 May 2020
Kevin O'Rourke, Alan M. Taylor and Ahmed Rahman
University of Oxford, University of California, Davis - Department of Economics and United States Naval Academy
Downloads 2 (741,801)
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"North-South" model, "West-East" model, demog- raphy, education, Endogenous Growth, Fertility, industrial revolution, skill premium, Unified growth theory

Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate

NBER Working Paper No. w23341
Number of pages: 60 Posted: 25 Apr 2017 Last Revised: 08 May 2017
Woo Jin Choi and Alan M. Taylor
Korea Development Institute and University of California, Davis - Department of Economics
Downloads 14 (642,065)

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Precaution versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate

CEPR Discussion Paper No. DP11963
Number of pages: 63 Posted: 21 Apr 2017
Woo Jin Choi and Alan M. Taylor
Korea Development Institute and University of California, Davis - Department of Economics
Downloads 1 (756,005)
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capital controls, economic growth, Financial crises, International Reserves, real exchange rates, Trade

The Murder-Suicide of the Rentier: Population Aging and the Risk Premium

NBER Working Paper No. w26943
Number of pages: 34 Posted: 06 Apr 2020
Joseph Kopecky and Alan M. Taylor
Trinity College Dublin and University of California, Davis - Department of Economics
Downloads 14 (642,065)
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The Murder-Suicide of the Rentier: Population Aging and the Risk Premium

CEPR Discussion Paper No. DP14576
Number of pages: 37 Posted: 08 May 2020 Last Revised: 16 Aug 2020
Joseph Kopecky and Alan M. Taylor
Trinity College Dublin and University of California, Davis - Department of Economics
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demographics, Life-Cycle Model, OLG model, Rates of return, risky assets, safe assets, secular stagnation

97.

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

CEPR Discussion Paper No. DP7570
Number of pages: 40 Posted: 11 Jan 2010
Moritz Schularick and Alan M. Taylor
University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 14 (618,385)
Citation 92
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banking, central banking, financial stability, liquidity, monetary policy

98.

Sovereign Debt in Latin America, 1820-1913

NBER Working Paper No. w18363
Number of pages: 43 Posted: 08 Sep 2012
Gerardo della Paolera and Alan M. Taylor
American University of Paris and University of California, Davis - Department of Economics
Downloads 13 (625,340)

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99.

International Trade and Finance Under the Two Hegemons: Complementarities in the United Kingdom (1870-1913) and the United States (1920-1930)

CEPR Discussion Paper No. 5846
Number of pages: 41 Posted: 16 Nov 2006
Alan M. Taylor and Janine Wilson
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
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International investment, international trade, complementarities

The Natural Rate Puzzle: Global Macro Trends and the Market-Implied R

NBER Working Paper No. w26560
Number of pages: 38 Posted: 16 Dec 2019
Josh Davis, Cristian Fuenzalida and Alan M. Taylor
Pacific Investment Management Company (PIMCO), Pacific Investment Management Company (PIMCO) and University of California, Davis - Department of Economics
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The Natural Rate Puzzle: Global Macro Trends and the Market-Implied R

CEPR Discussion Paper No. DP14201
Number of pages: 41 Posted: 14 Jan 2020
Josh Davis, Cristian Fuenzalida and Alan M. Taylor
Pacific Investment Management Company (PIMCO), Pacific Investment Management Company (PIMCO) and University of California, Davis - Department of Economics
Downloads 1 (756,005)
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affine models, Bond risk premia, Inflation expectations, Natural rate of interest, term structure

101.

The Effects of Quasi-Random Monetary Experiments

NBER Working Paper No. w23074
Number of pages: 44 Posted: 23 Jan 2017
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 9 (653,916)

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102.

Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard, 1870-1939

CEPR Discussion Paper No. 5430
Number of pages: 40 Posted: 11 Apr 2006
Alan M. Taylor, Natalia Chernyshoff and David S. Jacks
University of California, Davis - Department of Economics, affiliation not provided to SSRN and Simon Fraser University (SFU) - Department of Economics
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Gold standard

After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade

NBER Working Paper No. w25790
Number of pages: 76 Posted: 30 Apr 2019
Felipe Benguria and Alan M. Taylor
University of Kentucky - Gatton College of Business and Economics and University of California, Davis - Department of Economics
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After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade

CEPR Discussion Paper No. DP13702
Number of pages: 79 Posted: 07 May 2019
Felipe Benguria and Alan M. Taylor
University of Kentucky - Gatton College of Business and Economics and University of California, Davis - Department of Economics
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Deleveraging, exports, financial crises, Imports, local projections

104.
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Citation 1

Riders on the Storm

NBER Working Paper No. w26262
Number of pages: 48 Posted: 18 Sep 2019
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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Riders on the Storm

CEPR Discussion Paper No. DP13978
Number of pages: 50 Posted: 07 Oct 2019
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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Citation 1
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Kalman filter, monetary policy stance, neutral rate of interest, state-space model

105.
Downloads 4 (690,821)

Decomposing the Fiscal Multiplier

NBER Working Paper No. w26939
Number of pages: 50 Posted: 06 Apr 2020
James Cloyne, Òscar Jordà and Alan M. Taylor
University of California, Davis, Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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Decomposing the Fiscal Multiplier

CEPR Discussion Paper No. DP14544
Number of pages: 44 Posted: 08 May 2020
James Cloyne, Òscar Jordà and Alan M. Taylor
University of California, Davis, Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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balance, Blinder-Oaxaca decomposition, Fiscal policy, identification, interest rates, local projections, State-Dependence

106.

Leveraged Bubbles

CEPR Discussion Paper No. DP10781
Number of pages: 37 Posted: 27 Aug 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 13
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bank lending, boom, bust, crises, debt overhang, local projections

107.

When Credit Bites Back: Leverage, Business Cycles, and Crises

CEPR Discussion Paper No. DP8678
Number of pages: 39 Posted: 22 Dec 2011
Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of California, Davis - Department of Economics, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 82
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business cycles, financial crises, leverage, local projections

108.

The Total Risk Premium Puzzle

CEPR Discussion Paper No. DP13595
Number of pages: 59 Posted: 27 Mar 2019
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 3 (698,944)
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Consumption-based asset pricing, Equity premium, housing premium, risk aversion

109.

Bank Capital Redux: Solvency, Liquidity, and Crisis

CEPR Discussion Paper No. DP11934
Number of pages: 78 Posted: 27 Mar 2017 Last Revised: 16 Aug 2020
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
Downloads 3 (698,944)
Citation 4
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bank liabilities, capital ratio, crisis prediction, financial crises, local projections, macroprudential regulation, Risk Taking

110.

The Gravitational Constant?

NBER Working Paper No. w27904
Number of pages: 39 Posted: 14 Oct 2020
Simon Fraser University (SFU) - Department of Economics, New York University (NYU) - New York University Abu Dhabi and University of California, Davis - Department of Economics
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111.

Current Accounts and Global Adjustment: The Long and Short of it

Journal of Applied Corporate Finance, Vol. 23, No. 1, pp. 32-42, 2011
Number of pages: 13 Posted: 21 Mar 2011
Manoj Pradhan and Alan M. Taylor
Talking Heads Macro and University of California, Davis - Department of Economics
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112.

Betting the House

CEPR Discussion Paper No. DP10305
Number of pages: 44 Posted: 23 Jan 2015
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 24
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credit, financial crises, house prices, instrumental variables, leverage, local projections, monetary policy

113.

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

CEPR Discussion Paper No. DP10161
Number of pages: 50 Posted: 25 Sep 2014
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 27
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business cycles, financial crises, leverage, local projections, mortgage lending, recessions

114.

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

CEPR Discussion Paper No. DP9646
Number of pages: 39 Posted: 17 Sep 2013
Oscar Jorda and Alan M. Taylor
University of California, Davis - Department of Economics and University of California, Davis - Department of Economics
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Citation 22
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allocation bias, austerity, average treatment effect, booms, fiscal policy, identification, inverse probability weighting, matching, multipliers, output fluctuations, slumps

115.

The Harrod–Balassa–Samuelson Hypothesis: Real Exchange Rates and Their Long‐Run Equilibrium

International Economic Review, Vol. 53, Issue 2, pp. 609-634, 2012
Number of pages: 25 Posted: 23 May 2012
Yanping Chong, Òscar Jordà and Alan M. Taylor
Winona State University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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116.

The Effects of Quasi-Random Monetary Experiments

CEPR Discussion Paper No. DP11801
Number of pages: 47 Posted: 30 Jan 2017 Last Revised: 04 Jun 2018
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 7
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fixed exchange rates, instru- mental variables, interest rates, local average treatment effect, local projections, monetary experiments, trilemma

117.

Macrofinancial History and the New Business Cycle Facts

CEPR Discussion Paper No. DP11587
Number of pages: 58 Posted: 01 Nov 2016
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and University of California, Davis - Department of Economics
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Citation 42
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credit, financial hockey stick, leverage, Macroeconomics, moments

118.

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

The Economic Journal, Vol. 126, Issue 590, pp. 219-255, 2016
Number of pages: 37 Posted: 11 Feb 2016
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Davis - Department of Economics
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119.

Non-Linear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

Journal of the Japanese and International Economies, Vol. 11, No. 4, December 1997
Posted: 29 Apr 1998
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and University of California, Davis - Department of Economics

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