Alan M. Taylor

Columbia University

3022 Broadway

New York, NY 10027

United States

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

  • Columbia University

SCHOLARLY PAPERS

128

DOWNLOADS
Rank 6,092

SSRN RANKINGS

Top 6,092

in Total Papers Downloads

14,414

TOTAL CITATIONS
Rank 157

SSRN RANKINGS

Top 157

in Total Papers Citations

1,690

Scholarly Papers (128)

Actions:
Email selected abstracts
1.

The Rate of Return on Everything, 1870–2015

Downloads 1,661 (22,974)
Citation 47

The Rate of Return on Everything, 1870–2015

NBER Working Paper No. w24112
Number of pages: 174 Posted: 19 Dec 2017 Last Revised: 21 May 2023
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
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 Columbia University
Downloads 874 (57,277)

Abstract:

Loading...

The Rate of Return on Everything, 1870-2015

CESifo Working Paper Series No. 6899
Number of pages: 124 Posted: 19 Apr 2018
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
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 Columbia University
Downloads 769 (68,074)
Citation 9

Abstract:

Loading...

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
Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick and Alan M. Taylor
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 Columbia University
Downloads 18 (1,163,006)
Citation 38
  • Add to Cart

Abstract:

Loading...

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

2.

Financial Crises: A Survey

Downloads 669 (82,715)
Citation 21

Financial Crises: A Survey

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-97
Number of pages: 58 Posted: 18 Aug 2021
Amir Sufi and Alan M. Taylor
University of Chicago - Booth School of Business and Columbia University
Downloads 614 (91,071)
Citation 2

Abstract:

Loading...

Financial Crises: A Survey

NBER Working Paper No. w29155
Number of pages: 57 Posted: 16 Aug 2021 Last Revised: 01 Mar 2023
Amir Sufi and Alan M. Taylor
University of Chicago - Booth School of Business and Columbia University
Downloads 54 (797,498)

Abstract:

Loading...

Financial Crises: A Survey

CEPR Discussion Paper No. DP16450
Number of pages: 59 Posted: 22 Sep 2021
Amir Sufi and Alan M. Taylor
University of Chicago - Booth School of Business and Columbia University
Downloads 1 (1,357,171)
Citation 19
  • Add to Cart

Abstract:

Loading...

3.

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: 22 May 2022
Moritz Schularick and Alan M. Taylor
University of Bonn - Department of Economics and Columbia University
Downloads 452 (134,655)
Citation 194

Abstract:

Loading...

4.

The Great Leveraging

Downloads 399 (155,585)

The Great Leveraging

NBER Working Paper No. w18290
Number of pages: 39 Posted: 10 Aug 2012 Last Revised: 24 Jun 2023
Alan M. Taylor
Columbia University
Downloads 206 (307,039)

Abstract:

Loading...

The Great Leveraging

BIS Working Paper No. 398
Number of pages: 52 Posted: 12 Apr 2013
Alan M. Taylor
Columbia University
Downloads 177 (353,555)

Abstract:

Loading...

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

The Great Leveraging

CEPR Discussion Paper No. DP9082
Number of pages: 40 Posted: 28 Sep 2012
Alan M. Taylor
Columbia University
Downloads 16 (1,190,774)
  • Add to Cart

Abstract:

Loading...

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

5.

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: 17 Feb 2023
Kevin H. O'Rourke, Alan M. Taylor and Jeffrey G. Williamson
University of Dublin, Trinity College, Columbia University and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 382 (163,474)
Citation 1

Abstract:

Loading...

6.

Globalization and Capital Markets

NBER Working Paper No. w8846
Number of pages: 69 Posted: 23 Mar 2002 Last Revised: 04 Sep 2022
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and Columbia University
Downloads 364 (172,370)
Citation 21

Abstract:

Loading...

7.

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

Downloads 315 (201,491)
Citation 7

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: 28 May 2023
Oscar Jorda and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 302 (209,297)

Abstract:

Loading...

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
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 13 (1,232,996)
Citation 7
  • Add to Cart

Abstract:

Loading...

efficient markets hypothesis, foreign exchange market

8.

The Purchasing Power Parity Debate

Downloads 313 (202,879)
Citation 42

The Purchasing Power Parity Debate

NBER Working Paper No. w10607
Number of pages: 34 Posted: 09 Jul 2004 Last Revised: 26 Dec 2022
Alan M. Taylor and Mark P. Taylor
Columbia University and Washington University in St. Louis - John M. Olin Business School
Downloads 263 (241,585)
Citation 30

Abstract:

Loading...

The Purchasing Power Parity Debate

Number of pages: 36 Posted: 07 Sep 2004
Alan M. Taylor and Mark P. Taylor
Columbia University and Washington University in St. Louis - John M. Olin Business School
Downloads 50 (826,935)
Citation 12
  • Add to Cart

Abstract:

Loading...

Purchasing power parity, exchange rates, real exchange rates, nonlinearity, long-run equilibrium

9.

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

Downloads 312 (203,595)
Citation 13

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 Dec 2022
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and Columbia University
Downloads 308 (204,880)

Abstract:

Loading...

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 Columbia University
Downloads 4 (1,334,047)
Citation 13
  • Add to Cart

Abstract:

Loading...

capital goods, developing countries, GATT, growth, intermediate goods, trade liberalization, Uruguay Round

10.

Trade, Knowledge, and the Industrial Revolution

Downloads 307 (207,247)

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 Columbia University
Downloads 138 (437,183)

Abstract:

Loading...

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 Columbia University
Downloads 114 (509,285)

Abstract:

Loading...

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: 05 Sep 2022
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and Columbia University
Downloads 53 (804,658)

Abstract:

Loading...

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 Columbia University
Downloads 2 (1,348,394)
  • Add to Cart

Abstract:

Loading...

demography, endogenous growth, trade

11.

Collateral Damage: Trade Disruption and the Economic Impact of War

Downloads 272 (234,977)
Citation 20

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 Columbia University
Downloads 178 (351,807)
Citation 2

Abstract:

Loading...

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: 08 Aug 2022
Reuven Glick and Alan M. Taylor
Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and Columbia University
Downloads 75 (671,658)
Citation 6

Abstract:

Loading...

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 Columbia University
Downloads 19 (1,149,356)
Citation 12
  • Add to Cart

Abstract:

Loading...

Peace, conflict, gravity model, World War I, World War II

12.

Democracy and Protectionism

Downloads 108 (243,170)
Citation 1

Democracy and Protectionism

NBER Working Paper No. w12250
Number of pages: 33 Posted: 25 May 2006 Last Revised: 23 Dec 2022
Kevin H. O'Rourke and Alan M. Taylor
University of Dublin, Trinity College and Columbia University
Downloads 84 (628,729)
Citation 1

Abstract:

Loading...

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 Columbia University
Downloads 24 (1,083,632)
  • Add to Cart

Abstract:

Loading...

Factor endowments, Heckscher-Ohlin trade theory, Stolper-Samuelson theorem and tariffs

13.

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

Downloads 262 (244,108)

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

NBER Working Paper No. w26560
Number of pages: 43 Posted: 16 Dec 2019 Last Revised: 27 Jan 2023
Josh Davis, Cristian Fuenzalida and Alan M. Taylor
Pacific Investment Management Company (PIMCO), Pacific Investment Management Company (PIMCO) and Columbia University
Downloads 259 (245,402)

Abstract:

Loading...

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 Columbia University
Downloads 3 (1,341,224)
  • Add to Cart

Abstract:

Loading...

affine models, Bond risk premia, Inflation expectations, Natural rate of interest, term structure

14.

The Long-Run Effects of Monetary Policy

Downloads 214 (297,450)
Citation 13

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, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 162 (382,320)
Citation 10

Abstract:

Loading...

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: 92 Posted: 22 Jan 2020 Last Revised: 13 May 2023
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 49 (834,694)

Abstract:

Loading...

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, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 3 (1,341,224)
Citation 3
  • Add to Cart

Abstract:

Loading...

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

15.

External Imbalances and Financial Crises

Downloads 201 (315,466)
Citation 2

External Imbalances and Financial Crises

IMF Working Paper No. 13/260
Number of pages: 19 Posted: 20 Jan 2014
Alan M. Taylor
Columbia University
Downloads 148 (413,122)
Citation 1

Abstract:

Loading...

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
Columbia University
Downloads 46 (858,941)

Abstract:

Loading...

External Imbalances and Financial Crises

CEPR Discussion Paper No. DP9255
Number of pages: 22 Posted: 01 Feb 2013
Alan M. Taylor
Columbia University
Downloads 7 (1,307,724)
Citation 1
  • Add to Cart

Abstract:

Loading...

credit booms, external imbalances, financial crises

16.

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 Columbia University
Downloads 195 (324,355)
Citation 1

Abstract:

Loading...

17.

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 Columbia University
Downloads 187 (337,096)
Citation 11

Abstract:

Loading...

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

18.

Globalization, Trade, and Development: Some Lessons from History

NBER Working Paper No. w9326
Number of pages: 39 Posted: 16 Nov 2002 Last Revised: 26 Dec 2022
Alan M. Taylor
Columbia University
Downloads 176 (355,976)

Abstract:

Loading...

19.

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: 28 Nov 2022
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, George Washington University - Department of Economics and Columbia University
Downloads 169 (368,930)
Citation 37

Abstract:

Loading...

20.

Productivity, Tradability, and the Long-Run Price Puzzle

Downloads 157 (393,013)
Citation 6

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 Columbia University
Downloads 97 (573,578)

Abstract:

Loading...

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: 19 Nov 2022
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 Columbia University
Downloads 46 (858,941)
Citation 1

Abstract:

Loading...

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 Columbia University
Downloads 14 (1,218,882)
Citation 5
  • Add to Cart

Abstract:

Loading...

Real exchange rate, great divergence, Ricardo-Harrod-Balassa-Samuelson effect

21.

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 Columbia University
Downloads 154 (399,477)
Citation 28

Abstract:

Loading...

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

22.

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

NBER Working Paper No. w20501
Number of pages: 48 Posted: 22 Sep 2014 Last Revised: 09 Jul 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 154 (399,477)
Citation 46

Abstract:

Loading...

23.

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

NBER Working Paper No. w16567
Number of pages: 43 Posted: 06 Dec 2010 Last Revised: 09 Apr 2023
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 147 (414,953)
Citation 45

Abstract:

Loading...

24.

Sovereigns Versus Banks: Credit, Crises, and Consequences

Downloads 144 (421,790)
Citation 15

Sovereigns Versus Banks: Credit, Crises, and Consequences

CESifo Working Paper Series No. 4431
Number of pages: 44 Posted: 25 Oct 2013 Last Revised: 18 Nov 2021
Oscar Jorda, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 143 (424,816)

Abstract:

Loading...

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
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 1 (1,357,171)
Citation 15
  • Add to Cart

Abstract:

Loading...

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

25.

Betting the House

Downloads 72 (424,150)
Citation 1

Betting the House

NBER Working Paper No. w20771
Number of pages: 43 Posted: 22 Dec 2014 Last Revised: 03 Apr 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 72 (687,228)
Citation 1

Abstract:

Loading...

26.

Financial Stability, the Trilemma, and International Reserves

Downloads 138 (436,245)
Citation 101

Financial Stability, the Trilemma, and International Reserves

NBER Working Paper No. w14217
Number of pages: 48 Posted: 18 Aug 2008 Last Revised: 08 May 2022
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, George Washington University - Department of Economics and Columbia University
Downloads 131 (456,229)
Citation 77

Abstract:

Loading...

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, George Washington University - Department of Economics and Columbia University
Downloads 7 (1,307,724)
Citation 24
  • Add to Cart

Abstract:

Loading...

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

27.

Business Cycles in International Historical Perspective

NBER Working Paper No. w7090
Number of pages: 43 Posted: 31 Oct 1999 Last Revised: 17 Nov 2022
Susanto Basu, Susanto Basu and Alan M. Taylor
National Bureau of Economic Research (NBER)Boston College, College of Arts and Sciences, Department of Economics and Columbia University
Downloads 138 (436,245)
Citation 2

Abstract:

Loading...

28.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

Institute for New Economic Thinking Working Paper Series No. 168
Number of pages: 55 Posted: 08 Dec 2021
Oscar Jorda, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and Columbia University
Downloads 137 (438,795)

Abstract:

Loading...

corporate debt, business cycles, local projections

29.

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 Columbia University
Downloads 134 (446,592)
Citation 12

Abstract:

Loading...

30.

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 Columbia University
Downloads 131 (454,756)

Abstract:

Loading...

31.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

Downloads 125 (471,723)
Citation 33

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

FRB of New York Staff Report No. 951
Number of pages: 46 Posted: 08 Dec 2020
Òscar Jordà, Martin Gunter Michail Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, World Bank, University of Bonn - Department of Economics and Columbia University
Downloads 124 (476,724)

Abstract:

Loading...

corporate debt, business cycles, local projections

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

CEPR Discussion Paper No. DP15518
Number of pages: 49 Posted: 23 Dec 2020
Òscar Jordà, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and Columbia University
Downloads 1 (1,357,171)
Citation 33
  • Add to Cart

Abstract:

Loading...

32.

Leveraged Bubbles

NBER Working Paper No. w21486
Number of pages: 36 Posted: 25 Aug 2015 Last Revised: 18 Mar 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 125 (471,723)
Citation 3

Abstract:

Loading...

33.

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: 16 Oct 2022
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and Columbia University
Downloads 122 (480,785)
Citation 5

Abstract:

Loading...

34.

Three Phases of Argentine Economic Growth

NBER Working Paper No. h0060
Number of pages: 35 Posted: 08 Mar 2000 Last Revised: 03 Mar 2023
Alan M. Taylor
Columbia University
Downloads 122 (480,785)

Abstract:

Loading...

35.

International Capital Mobility in History: The Saving-Investment Relationship

NBER Working Paper No. w5743
Number of pages: 54 Posted: 24 Oct 1996 Last Revised: 13 Mar 2022
Alan M. Taylor
Columbia University
Downloads 122 (480,785)
Citation 1

Abstract:

Loading...

36.

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 2022
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley, George Washington University - Department of Economics and Columbia University
Downloads 120 (486,977)
Citation 12

Abstract:

Loading...

37.

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
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 116 (499,609)
Citation 31

Abstract:

Loading...

house prices, monetary policy, financial crises

38.

Trade and Uncertainty

Downloads 114 (506,103)
Citation 19

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 Columbia University
Downloads 63 (738,535)

Abstract:

Loading...

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 Last Revised: 28 Jun 2023
Dennis Novy and Alan M. Taylor
University of Warwick - Department of Economics and Columbia University
Downloads 48 (842,613)
Citation 12

Abstract:

Loading...

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 Columbia University
Downloads 3 (1,341,224)
Citation 7
  • Add to Cart

Abstract:

Loading...

Imports, Intermediates, Inventory, Real options, Trade collapse, Uncertainty shock

39.

Bank Capital Redux: Solvency, Liquidity, and Crisis

NBER Working Paper No. w23287
Number of pages: 75 Posted: 27 Mar 2017 Last Revised: 17 Feb 2023
Òscar Jordà, Björn Richter, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and Columbia University
Downloads 113 (509,405)
Citation 1

Abstract:

Loading...

40.

A Century of Purchasing-Power Parity

NBER Working Paper No. w8012
Number of pages: 22 Posted: 18 Nov 2000 Last Revised: 29 Nov 2022
Alan M. Taylor
Columbia University
Downloads 113 (509,405)
Citation 6

Abstract:

Loading...

41.

The Total Risk Premium Puzzle

NBER Working Paper No. w25653
Number of pages: 56 Posted: 19 Mar 2019 Last Revised: 04 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 111 (516,246)

Abstract:

Loading...

42.

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

Downloads 110 (519,712)

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, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE)Bank of England and Columbia University
Downloads 66 (720,621)

Abstract:

Loading...

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: 60 Posted: 07 Jul 2016 Last Revised: 25 Feb 2023
David Aikman, Oliver Bush, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE)Bank of England and Columbia University
Downloads 42 (893,070)

Abstract:

Loading...

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, Oliver Bush and Alan M. Taylor
Bank of England - Monetary Assessment and Strategy Division, London School of Economics & Political Science (LSE)Bank of England and Columbia University
Downloads 2 (1,348,394)
  • Add to Cart

Abstract:

Loading...

credit controls, macroprudential policy, monetary policy

43.

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

Downloads 109 (523,145)
Citation 20

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: 26 Nov 2022
Maurice Obstfeld, Alan M. Taylor and Jay Shambaugh
University of California, Berkeley, Columbia University and George Washington University - Department of Economics
Downloads 87 (615,138)
Citation 16

Abstract:

Loading...

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, George Washington University - Department of Economics and Columbia University
Downloads 22 (1,109,321)
Citation 4
  • Add to Cart

Abstract:

Loading...

Trilemma, exchange rates, monetary policy

44.

Currency Carry Trades

NBER Working Paper No. w16491
Number of pages: 29 Posted: 25 Oct 2010 Last Revised: 24 Jul 2023
Travis J. Berge, Oscar Jorda and Alan M. Taylor
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 108 (526,668)
Citation 2

Abstract:

Loading...

45.

The Rise and Fall of World Trade, 1870-1939

NBER Working Paper No. w9318
Number of pages: 42 Posted: 16 Nov 2002 Last Revised: 19 Jun 2022
Antoni Estevadeordal, Brian Frantz and Alan M. Taylor
Inter-American Development Bank (IADB), United States Agency for International Development and Columbia University
Downloads 107 (530,258)
Citation 18

Abstract:

Loading...

46.

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

Downloads 93 (583,496)
Citation 37

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: 16 Jul 2022
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and Columbia University
Downloads 72 (687,228)
Citation 26

Abstract:

Loading...

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 Columbia University
Downloads 21 (1,122,536)
Citation 11
  • Add to Cart

Abstract:

Loading...

Gold standard, sovereign risk, credibility, monetary regimes, exchange rates

47.

Disasters Everywhere: The Costs of Business Cycles Reconsidered

Downloads 92 (587,291)
Citation 8

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 Columbia University
Downloads 59 (763,486)

Abstract:

Loading...

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 Last Revised: 04 Mar 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 31 (1,001,485)

Abstract:

Loading...

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 Columbia University
Downloads 2 (1,348,394)
Citation 8
  • Add to Cart

Abstract:

Loading...

Asymmetry, Fluctuations, local projections, macroprudential policy, Random coefficients

48.

Longer-Run Economic Consequences of Pandemics

Downloads 87 (607,768)
Citation 67

Longer-Run Economic Consequences of Pandemics

NBER Working Paper No. w26934
Number of pages: 22 Posted: 06 Apr 2020 Last Revised: 04 Feb 2023
Òscar Jordà, Sanjay R. Singh and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 87 (615,138)
Citation 2

Abstract:

Loading...

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, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 0
Citation 65
  • Add to Cart

Abstract:

Loading...

depressions, local projections, Natural rate, Pandemics, Real interest rate, wars

49.

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

Downloads 87 (607,768)
Citation 5

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: 04 Dec 2022
Eugene Canjels, Gauri Prakash-Canjels and Alan M. Taylor
Deloitte Touche Tohmatsu - Washington, D.C. Office, Howrey, Simon, Arnold & White - The CapAnalysis Group and Columbia University
Downloads 76 (666,564)
Citation 4

Abstract:

Loading...

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

Number of pages: 38 Posted: 07 Sep 2004
Eugene Canjels, Gauri Prakash-Canjels and Alan M. Taylor
Deloitte Touche Tohmatsu - Washington, D.C. Office, Howrey, Simon, Arnold & White - The CapAnalysis Group and Columbia University
Downloads 11 (1,260,048)
Citation 1
  • Add to Cart

Abstract:

Loading...

Market integration, gold points, dollar, sterling

50.

Global Financial Cycles and Risk Premiums

Downloads 86 (612,129)
Citation 38

Global Financial Cycles and Risk Premiums

NBER Working Paper No. w24677
Number of pages: 58 Posted: 13 Jun 2018 Last Revised: 05 Jun 2023
Òscar Jordà, Moritz Schularick, Alan M. Taylor and Felix Ward
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, Columbia University and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
Downloads 84 (628,729)
Citation 28

Abstract:

Loading...

Global Financial Cycles and Risk Premiums

CEPR Discussion Paper No. DP12969
Number of pages: 60 Posted: 05 Jun 2018
Òscar Jordà, Moritz Schularick, Alan M. Taylor and Felix Ward
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics, Columbia University and Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics
Downloads 2 (1,348,394)
Citation 10
  • Add to Cart

Abstract:

Loading...

asset prices, equity return premium, financial centers, financial cycles, policy spillovers

51.

Global Finance after the Crisis

Bank of England Quarterly Bulletin 2010 Q4
Number of pages: 12 Posted: 26 Dec 2010
Alan M. Taylor
Columbia University
Downloads 85 (616,496)
Citation 1

Abstract:

Loading...

52.

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

NBER Working Paper No. w17621
Number of pages: 42 Posted: 24 Nov 2011 Last Revised: 24 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 84 (620,748)
Citation 26

Abstract:

Loading...

53.

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: 16 Jan 2022
Gerardo della Paolera and Alan M. Taylor
American University of Paris and Columbia University
Downloads 84 (620,748)

Abstract:

Loading...

54.

Domestic Saving and International Capital Flows Reconsidered

NBER Working Paper No. w4892
Number of pages: 37 Posted: 16 May 2000 Last Revised: 14 Nov 2022
Alan M. Taylor
Columbia University
Downloads 84 (620,748)
Citation 4

Abstract:

Loading...

55.

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 2022
Natalia Chernyshoff, David S. Jacks and Alan M. Taylor
affiliation not provided to SSRN, National University of Singapore (NUS), Department of Economics and Columbia University
Downloads 83 (625,048)
Citation 1

Abstract:

Loading...

56.

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

Downloads 82 (629,507)
Citation 7

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: 17 Nov 2022
Christopher M. Meissner and Alan M. Taylor
University of Cambridge - Faculty of Economics and Politics and Columbia University
Downloads 60 (756,947)
Citation 5

Abstract:

Loading...

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 Columbia University
Downloads 22 (1,109,321)
Citation 2
  • Add to Cart

Abstract:

Loading...

Current account adjustment, exorbitant privilege, global imbalances, return differentials

57.

The Leverage Factor: Credit Cycles and Asset Returns

Downloads 81 (633,849)

The Leverage Factor: Credit Cycles and Asset Returns

NBER Working Paper No. w26435
Number of pages: 21 Posted: 11 Nov 2019 Last Revised: 26 Mar 2023
Josh Davis and Alan M. Taylor
Pacific Investment Management Company (PIMCO) and Columbia University
Downloads 79 (652,104)

Abstract:

Loading...

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 Columbia University
Downloads 2 (1,348,394)
  • Add to Cart

Abstract:

Loading...

asset allocation, Asset Pricing, Cycles, debt, leverage, return predictability

58.

The Monetary Consequences of a Free Trade Area of the Americas

Downloads 81 (633,849)
Citation 1

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 Dec 2022
Barry Eichengreen and Alan M. Taylor
University of California, Berkeley and Columbia University
Downloads 61 (750,683)
Citation 1

Abstract:

Loading...

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 Columbia University
Downloads 20 (1,136,005)
  • Add to Cart

Abstract:

Loading...

Regional trade arrangements, exchange rates

59.

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: 11 Mar 2023
Alan M. Taylor
Columbia University
Downloads 79 (642,990)
Citation 2

Abstract:

Loading...

60.

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: 16 Sep 2022
Alan M. Taylor
Columbia University
Downloads 78 (647,512)

Abstract:

Loading...

61.

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: 06 Nov 2022
Alan M. Taylor
Columbia University
Downloads 78 (647,512)
Citation 3

Abstract:

Loading...

62.

International Monetary Relations: Taking Finance Seriously

Downloads 77 (652,129)
Citation 4

International Monetary Relations: Taking Finance Seriously

NBER Working Paper No. w23440
Number of pages: 44 Posted: 05 Jun 2017 Last Revised: 20 Jul 2023
Maurice Obstfeld and Alan M. Taylor
International Monetary Fund (IMF) and Columbia University
Downloads 74 (676,796)

Abstract:

Loading...

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 Columbia University
Downloads 3 (1,341,224)
Citation 4
  • Add to Cart

Abstract:

Loading...

financial stability, international monetary system, macroeconomic stability, trilemma

63.

Macrofinancial History and the New Business Cycle Facts

NBER Working Paper No. w22743
Number of pages: 57 Posted: 17 Oct 2016 Last Revised: 22 Feb 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 77 (652,129)
Citation 76

Abstract:

Loading...

64.

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: 22 Sep 2022
Alan M. Taylor
Columbia University
Downloads 75 (661,589)

Abstract:

Loading...

65.

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

Downloads 73 (671,452)
Citation 3

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: 19 Dec 2022
Gregory Clark, Kevin H. O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Dublin, Trinity College and Columbia University
Downloads 63 (738,535)
Citation 1

Abstract:

Loading...

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 Columbia University
Downloads 10 (1,273,140)
Citation 2
  • Add to Cart

Abstract:

Loading...

British Industrial Revolution, colonies, Great Divergence, growth, specialisation, trade

66.

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: 08 Apr 2023
Alan M. Taylor
Columbia University
Downloads 72 (676,401)

Abstract:

Loading...

67.

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

Downloads 71 (681,481)
Citation 10

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 Last Revised: 12 May 2023
Yanping Chong, Oscar Jorda and Alan M. Taylor
Winona State University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 67 (714,804)
Citation 9

Abstract:

Loading...

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, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 4 (1,334,047)
Citation 1
  • Add to Cart

Abstract:

Loading...

cointegration, Harrod-Balassa-Samuelson hypothesis, local projections, panel data

68.

A Century of Current Account Dynamics

NBER Working Paper No. w8927
Number of pages: 26 Posted: 09 May 2002 Last Revised: 29 Nov 2022
Alan M. Taylor
Columbia University
Downloads 71 (681,481)
Citation 9

Abstract:

Loading...

69.

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: 16 Jan 2022
Maurice Obstfeld and Alan M. Taylor
University of California, Berkeley and Columbia University
Downloads 69 (691,898)
Citation 10

Abstract:

Loading...

70.

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: 16 Sep 2022
Alan M. Taylor
Columbia University
Downloads 69 (691,898)
Citation 7

Abstract:

Loading...

71.

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: 11 Sep 2022
Alan M. Taylor
Columbia University
Downloads 69 (691,898)
Citation 2

Abstract:

Loading...

72.

Credit, Financial Stability, and the Macroeconomy

Downloads 68 (697,166)
Citation 11

Credit, Financial Stability, and the Macroeconomy

NBER Working Paper No. w21039
Number of pages: 43 Posted: 23 Mar 2015 Last Revised: 28 Jun 2023
Alan M. Taylor
Columbia University
Downloads 65 (726,491)
Citation 6

Abstract:

Loading...

Credit, Financial Stability, and the Macroeconomy

CEPR Discussion Paper No. DP10511
Number of pages: 44 Posted: 01 Apr 2015
Alan M. Taylor
Columbia University
Downloads 3 (1,341,224)
Citation 5
  • Add to Cart

Abstract:

Loading...

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
Columbia University

Abstract:

Loading...

73.

Gaucho Banking Redux

NBER Working Paper No. w9457
Number of pages: 36 Posted: 31 Jan 2003 Last Revised: 05 Nov 2022
Gerardo della Paolera and Alan M. Taylor
American University of Paris and Columbia University
Downloads 68 (697,166)

Abstract:

Loading...

74.

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: 10 Oct 2022
Alan M. Taylor and Janine Wilson
Columbia University and University of California, Davis - Department of Economics
Downloads 67 (702,583)
Citation 3

Abstract:

Loading...

75.

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 Last Revised: 30 Dec 2022
Gerardo della Paolera and Alan M. Taylor
American University of Paris and Columbia University
Downloads 66 (708,030)
Citation 2

Abstract:

Loading...

76.

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: 05 Sep 2022
Alan M. Taylor
Columbia University
Downloads 65 (713,573)
Citation 2

Abstract:

Loading...

77.

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: 07 Aug 2022
Gauri Prakash-Canjels and Alan M. Taylor
Howrey, Simon, Arnold & White - The CapAnalysis Group and Columbia University
Downloads 64 (719,176)
Citation 3

Abstract:

Loading...

78.

A Century of Missing Trade?

NBER Working Paper No. w8301
Number of pages: 22 Posted: 17 May 2001 Last Revised: 09 Mar 2022
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and Columbia University
Downloads 63 (724,982)
Citation 2

Abstract:

Loading...

79.

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 Last Revised: 20 Jul 2023
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 62 (730,757)
Citation 1

Abstract:

Loading...

80.

"Convergence in the Age of Mass Migration"

NBER Working Paper No. w4711
Number of pages: 52 Posted: 18 May 2011 Last Revised: 17 Nov 2022
Alan M. Taylor and Jeffrey G. Williamson
Columbia University and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 61 (736,417)
Citation 11

Abstract:

Loading...

81.

Australian Growth: A California Perspective

NBER Working Paper No. w8408
Number of pages: 32 Posted: 06 Aug 2001 Last Revised: 24 Dec 2022
Ian W. McLean and Alan M. Taylor
University of Adelaide - Centre for International Economic Studies (CIES) and Columbia University
Downloads 61 (736,417)

Abstract:

Loading...

82.

Sources of Convergence in the Late Nineteenth Century

NBER Working Paper No. w5806
Number of pages: 33 Posted: 03 Oct 1999 Last Revised: 15 May 2022
Alan M. Taylor
Columbia University
Downloads 60 (742,302)
Citation 4

Abstract:

Loading...

83.

Zombies at Large? Corporate Debt Overhang and the Macroeconomy

NBER Working Paper No. w28197
Number of pages: 46 Posted: 19 Jan 2021 Last Revised: 19 Jul 2023
Òscar Jordà, Martin Kornejew, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn, University of Bonn - Department of Economics and Columbia University
Downloads 59 (748,527)

Abstract:

Loading...

84.

Trade, Technology, and the Great Divergence

Downloads 59 (748,527)
Citation 2

Trade, Technology, and the Great Divergence

NBER Working Paper No. w25741
Number of pages: 50 Posted: 15 Apr 2019 Last Revised: 03 May 2023
Kevin O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Oxford, Lehigh University - Department of Economics and Columbia University
Downloads 56 (783,477)

Abstract:

Loading...

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, Columbia University and United States Naval Academy
Downloads 3 (1,341,224)
Citation 2
  • Add to Cart

Abstract:

Loading...

"North-South" model, "West-East" model, demog- raphy, education, Endogenous Growth, Fertility, industrial revolution, skill premium, Unified growth theory

85.

Performance Evaluation of Zero Net-Investment Strategies

NBER Working Paper No. w17150
Number of pages: 42 Posted: 20 Jun 2011 Last Revised: 13 May 2023
Oscar Jorda and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 58 (754,789)
Citation 1

Abstract:

Loading...

86.

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: 09 Mar 2022
Gerardo della Paolera and Alan M. Taylor
American University of Paris and Columbia University
Downloads 58 (754,789)
Citation 1

Abstract:

Loading...

87.

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

Downloads 56 (767,574)
Citation 5

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 Last Revised: 25 Jun 2023
Lorenzo Caliendo, Robert C. Feenstra, John Romalis and Alan M. Taylor
Yale University, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and Columbia University
Downloads 54 (797,498)
Citation 4

Abstract:

Loading...

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
Lorenzo Caliendo, Robert C. Feenstra, John Romalis and Alan M. Taylor
Yale University, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and Columbia University
Downloads 2 (1,348,394)
Citation 1
  • Add to Cart

Abstract:

Loading...

bilateralism, gains from trade, input- output linkages, monopolistic competition, multilateralism, trade policy

88.

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: 15 Apr 2023
Alan M. Taylor
Columbia University
Downloads 56 (767,574)

Abstract:

Loading...

89.

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 Last Revised: 04 Dec 2022
Alan M. Taylor
Columbia University
Downloads 56 (767,574)

Abstract:

Loading...

90.

Decomposing the Fiscal Multiplier

Downloads 55 (774,082)

Decomposing the Fiscal Multiplier

NBER Working Paper No. w26939
Number of pages: 53 Posted: 06 Apr 2020 Last Revised: 09 Feb 2023
James Cloyne, James Cloyne, Òscar Jordà and Alan M. Taylor
University of California, DavisBank of England - Monetary Analysis, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 55 (790,418)

Abstract:

Loading...

Decomposing the Fiscal Multiplier

CEPR Discussion Paper No. DP14544
Number of pages: 44 Posted: 08 May 2020
James Cloyne, James Cloyne, Òscar Jordà and Alan M. Taylor
University of California, DavisBank of England - Monetary Analysis, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 0
  • Add to Cart

Abstract:

Loading...

balance, Blinder-Oaxaca decomposition, Fiscal policy, identification, interest rates, local projections, State-Dependence

91.

Sovereigns Versus Banks: Credit, Crises, and Consequences

NBER Working Paper No. w19506
Number of pages: 43 Posted: 05 Oct 2013 Last Revised: 20 Apr 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 54 (780,783)
Citation 16

Abstract:

Loading...

92.

The Argentina Paradox: Microexplanations and Macropuzzles

Downloads 51 (801,550)
Citation 3

The Argentina Paradox: Microexplanations and Macropuzzles

NBER Working Paper No. w19924
Number of pages: 35 Posted: 24 Feb 2014 Last Revised: 11 Jun 2023
Alan M. Taylor
Columbia University
Downloads 49 (834,694)
Citation 1

Abstract:

Loading...

The Argentina Paradox: Microexplanations and Macropuzzles

CEPR Discussion Paper No. DP9876
Number of pages: 36 Posted: 02 Jun 2014
Alan M. Taylor
Columbia University
Downloads 2 (1,348,394)
Citation 2
  • Add to Cart

Abstract:

Loading...

divergence, finance, growth, institutions, Latin America, policies, trade

93.

The Growing Dependence of Britain on Trade During the Industrial Revolution

Downloads 51 (801,550)
Citation 2

The Growing Dependence of Britain on Trade During the Industrial Revolution

NBER Working Paper No. w19926
Number of pages: 35 Posted: 24 Feb 2014 Last Revised: 12 Jun 2023
Gregory Clark, Kevin O'Rourke and Alan M. Taylor
University of California, Davis - Department of Economics, University of Oxford and Columbia University
Downloads 49 (834,694)
Citation 1

Abstract:

Loading...

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 Columbia University
Downloads 2 (1,348,394)
Citation 1
  • Add to Cart

Abstract:

Loading...

British Industrial Revolution, colonies, Great Divergence, growth, specialization, trade

94.

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: 03 Feb 2023
Alan M. Taylor and Jeffrey G. Williamson
Columbia University and Harvard University - Department of Economics, Laird Bell Professor of Economics, Emeritus
Downloads 51 (801,550)

Abstract:

Loading...

95.

Testing Trade Theory in Ohlin's Time

NBER Working Paper No. w8842
Number of pages: 31 Posted: 23 Mar 2002 Last Revised: 31 Aug 2022
Antoni Estevadeordal and Alan M. Taylor
Inter-American Development Bank (IADB) and Columbia University
Downloads 48 (823,441)
Citation 1

Abstract:

Loading...

96.

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

Downloads 46 (838,886)

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 Last Revised: 13 Feb 2022
Joseph Kopecky, Joseph Kopecky and Alan M. Taylor
Trinity College DublinTrinity College (Dublin) - Department of Economics and Columbia University
Downloads 44 (875,661)

Abstract:

Loading...

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, Joseph Kopecky and Alan M. Taylor
Trinity College DublinTrinity College (Dublin) - Department of Economics and Columbia University
Downloads 2 (1,348,394)
  • Add to Cart

Abstract:

Loading...

demographics, Life-Cycle Model, OLG model, Rates of return, risky assets, safe assets, secular stagnation

97.

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

Downloads 46 (838,886)

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 Last Revised: 21 Jun 2023
Felipe Benguria and Alan M. Taylor
University of Kentucky - Gatton College of Business and Economics and Columbia University
Downloads 45 (867,187)

Abstract:

Loading...

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 Columbia University
Downloads 1 (1,357,171)
  • Add to Cart

Abstract:

Loading...

Deleveraging, exports, financial crises, Imports, local projections

98.

The Future of International Liquidity and the Role of China

Downloads 46 (838,886)

The Future of International Liquidity and the Role of China

NBER Working Paper No. w18771
Number of pages: 27 Posted: 09 Feb 2013 Last Revised: 17 Apr 2022
Alan M. Taylor
Columbia University
Downloads 43 (884,204)

Abstract:

Loading...

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
Columbia University
Downloads 3 (1,341,224)
  • Add to Cart

Abstract:

Loading...

China, international reserves, precautionary saving, renminbi, reserve currency, Triffin paradox

99.

Luddites and the Demographic Transition

Downloads 45 (846,685)

Luddites and the Demographic Transition

NBER Working Paper No. w14484
Number of pages: 40 Posted: 17 Nov 2008 Last Revised: 31 Jul 2022
Kevin H. O'Rourke, Ahmed Rahman and Alan M. Taylor
University of Dublin, Trinity College, United States Naval Academy and Columbia University
Downloads 40 (911,190)

Abstract:

Loading...

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 Columbia University
Downloads 5 (1,326,288)
  • Add to Cart

Abstract:

Loading...

demography, endogenous growth, unified growth theory

100.

Sovereign Debt in Latin America, 1820-1913

NBER Working Paper No. w18363
Number of pages: 43 Posted: 08 Sep 2012 Last Revised: 06 Mar 2022
Gerardo della Paolera and Alan M. Taylor
American University of Paris and Columbia University
Downloads 41 (879,684)

Abstract:

Loading...

101.

The Effects of Quasi-Random Monetary Experiments

NBER Working Paper No. w23074
Number of pages: 44 Posted: 23 Jan 2017 Last Revised: 20 Jul 2023
Òscar Jordà, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 40 (888,442)

Abstract:

Loading...

102.

Convergence and International Factor Flows in Theory and History

NBER Working Paper No. w5798
Number of pages: 37 Posted: 04 Aug 2000 Last Revised: 06 Nov 2022
Alan M. Taylor
Columbia University
Downloads 40 (888,442)

Abstract:

Loading...

103.

A Local Projections Approach to Difference-in-Differences

NBER Working Paper No. w31184
Number of pages: 56 Posted: 01 May 2023 Last Revised: 07 Jun 2023
Arindrajit Dube, Daniele Girardi, Oscar Jorda and Alan M. Taylor
University of Massachusetts Amherst, University of Massachusetts Amherst, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 38 (906,427)
Citation 5
  • Add to Cart

Abstract:

Loading...

104.

Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks

Deutsche Bundesbank Discussion Paper No. 34/2022
Number of pages: 51 Posted: 29 Oct 2022
James S. Cloyne, Patrick Hürtgen and Alan M. Taylor
University of California, Davis, Deutsche Bundesbank and Columbia University
Downloads 37 (915,665)

Abstract:

Loading...

Monetary policy, Bundesbank, trilemma, exchange rate, spillovers

105.

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

Downloads 37 (915,665)

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: 27 Apr 2023
Woo Jin Choi, Woo Jin Choi and Alan M. Taylor
Korea Development InstituteUniversity of Virginia - Department of Economics and Columbia University
Downloads 35 (959,709)

Abstract:

Loading...

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, Woo Jin Choi and Alan M. Taylor
Korea Development InstituteUniversity of Virginia - Department of Economics and Columbia University
Downloads 2 (1,348,394)
  • Add to Cart

Abstract:

Loading...

capital controls, economic growth, Financial crises, International Reserves, real exchange rates, Trade

106.

Riders on the Storm

Downloads 33 (954,216)
Citation 2

Riders on the Storm

NBER Working Paper No. w26262
Number of pages: 48 Posted: 18 Sep 2019 Last Revised: 05 Apr 2023
Òscar Jordà and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 33 (980,306)

Abstract:

Loading...

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 Columbia University
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

Kalman filter, monetary policy stance, neutral rate of interest, state-space model

107.

Loose Monetary Policy and Financial Instability

NBER Working Paper No. w30958
Number of pages: 54 Posted: 13 Feb 2023 Last Revised: 12 Apr 2023
Maximilian Grimm, Oscar Jorda, Moritz Schularick and Alan M. Taylor
University of Bonn, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 32 (964,179)
Citation 2

Abstract:

Loading...

108.

The Gravitational Constant?

Downloads 31 (974,380)

The Gravitational Constant?

NBER Working Paper No. w27904
Number of pages: 39 Posted: 14 Oct 2020 Last Revised: 31 Mar 2023
David S. Jacks, Kevin Hjortshøj O'Rourke and Alan M. Taylor
National University of Singapore (NUS), Department of Economics, New York University (NYU) - New York University, Abu Dhabi and Columbia University
Downloads 19 (1,149,356)

Abstract:

Loading...

The Gravitational Constant?

CEPR Discussion Paper No. DP15326
Number of pages: 42 Posted: 03 Nov 2020
David S. Jacks, Kevin Hjortshøj O'Rourke and Alan M. Taylor
National University of Singapore (NUS), Department of Economics, New York University (NYU) - New York University, Abu Dhabi and Columbia University
Downloads 12 (1,246,637)
  • Add to Cart

Abstract:

Loading...

distance, Empire, Gravity

109.

State-Dependent Local Projections: Understanding Impulse Response Heterogeneity

NBER Working Paper No. w30971
Number of pages: 58 Posted: 20 Feb 2023 Last Revised: 12 Apr 2023
James Cloyne, James Cloyne, Oscar Jorda and Alan M. Taylor
University of California, DavisBank of England - Monetary Analysis, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 30 (985,023)
Citation 8

Abstract:

Loading...

110.

A Second-Best Argument for Low Optimal Tariffs

Downloads 26 (1,029,072)

A Second-Best Argument for Low Optimal Tariffs

NBER Working Paper No. w28380
Number of pages: 56 Posted: 27 Jan 2021 Last Revised: 19 Jul 2023
Lorenzo Caliendo, Robert C. Feenstra, John Romalis and Alan M. Taylor
Yale University, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and Columbia University
Downloads 26 (1,058,968)

Abstract:

Loading...

A Second-Best Argument for Low Optimal Tariffs

CEPR Discussion Paper No. DP15697
Number of pages: 58 Posted: 11 Feb 2021
Lorenzo Caliendo, Robert C. Feenstra, John Romalis and Alan M. Taylor
Yale University, University of California, Davis - Department of Economics, University of Chicago - Booth School of Business and Columbia University
Downloads 0
  • Add to Cart

Abstract:

Loading...

111.

The Savings Glut of the Old: Population Aging, the Risk Premium, and the Murder-Suicide of the Rentier

NBER Working Paper No. w29944
Number of pages: 49 Posted: 18 Apr 2022 Last Revised: 27 Apr 2023
Joseph Kopecky, Joseph Kopecky and Alan M. Taylor
Trinity College DublinTrinity College (Dublin) - Department of Economics and Columbia University
Downloads 25 (1,040,557)

Abstract:

Loading...

112.

Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied R* in 10 Advanced Economies

NBER Working Paper No. w31787
Number of pages: 44 Posted: 16 Oct 2023
Josh Davis, Cristian Fuenzalida, Leon Huetsch, Benjamin Mills and Alan M. Taylor
Pacific Investment Management Company (PIMCO), Graham Capital Management, University of Pennsylvania, Pacific Investment Management Company (PIMCO) and Columbia University
Downloads 19 (1,114,327)
  • Add to Cart

Abstract:

Loading...

113.

Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks

NBER Working Paper No. w30485
Number of pages: 48 Posted: 26 Sep 2022 Last Revised: 28 Jun 2023
James Cloyne, James Cloyne, Patrick Hürtgen and Alan M. Taylor
University of California, DavisBank of England - Monetary Analysis, Deutsche Bundesbank and Columbia University
Downloads 19 (1,114,327)

Abstract:

Loading...

114.

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, George Washington University - Department of Economics and Columbia University
Downloads 19 (1,114,327)
Citation 2
  • Add to Cart

Abstract:

Loading...

Trilemma, exchange rates, monetary policy

115.

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 Columbia University
Downloads 15 (1,165,565)
Citation 109
  • Add to Cart

Abstract:

Loading...

banking, central banking, financial stability, liquidity, monetary policy

116.

Local Projections

NBER Working Paper No. w32822
Number of pages: 59 Posted: 13 Aug 2024
Oscar Jorda and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 14 (1,178,444)
Citation 8
  • Add to Cart

Abstract:

Loading...

117.

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
Columbia University and University of California, Davis - Department of Economics
Downloads 14 (1,178,444)
  • Add to Cart

Abstract:

Loading...

International investment, international trade, complementarities

118.

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
Columbia University, affiliation not provided to SSRN and National University of Singapore (NUS), Department of Economics
Downloads 9 (1,238,298)
  • Add to Cart

Abstract:

Loading...

Gold standard

119.

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 Columbia University
Downloads 5 (1,273,339)
Citation 2
  • Add to Cart

Abstract:

Loading...

Consumption-based asset pricing, Equity premium, housing premium, risk aversion

120.

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 Columbia University
Downloads 5 (1,273,339)
Citation 19
  • Add to Cart

Abstract:

Loading...

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

121.

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
Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Bonn - Department of Economics and Columbia University
Downloads 5 (1,273,339)
Citation 106
  • Add to Cart

Abstract:

Loading...

business cycles, financial crises, leverage, local projections

122.

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
Oscar Jorda, Björn Richter, Moritz Schularick and Alan M. Taylor
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Universitat Pompeu Fabra, University of Bonn - Department of Economics and Columbia University
Downloads 4 (1,279,817)
Citation 36
  • Add to Cart

Abstract:

Loading...

bank liabilities, capital ratio, crisis prediction, financial crises, local projections, macroprudential regulation, Risk Taking

123.

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 Columbia University
Downloads 2 (1,291,445)
Citation 14
  • Add to Cart

Abstract:

Loading...

fixed exchange rates, instru- mental variables, interest rates, local average treatment effect, local projections, monetary experiments, trilemma

124.

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 Columbia University
Downloads 2 (1,291,445)
Citation 34
  • Add to Cart

Abstract:

Loading...

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

125.

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
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Columbia University
Downloads 2 (1,291,445)
Citation 23
  • Add to Cart

Abstract:

Loading...

allocation bias, austerity, average treatment effect, booms, fiscal policy, identification, inverse probability weighting, matching, multipliers, output fluctuations, slumps

126.

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 Columbia University
Downloads 1 (1,298,400)
Citation 58
  • Add to Cart

Abstract:

Loading...

credit, financial hockey stick, leverage, Macroeconomics, moments

127.

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 Columbia University
Downloads 1 (1,298,400)
Citation 33
  • Add to Cart

Abstract:

Loading...

credit, financial crises, house prices, instrumental variables, leverage, local projections, monetary policy

128.

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 Columbia University

Abstract:

Loading...