Warehouse / Authors / Alan M. Taylor

Alan M. Taylor

Papers by Alan M. Taylor tracked in the Macro Paper Warehouse.

3 papers tracked 0 forthcoming 2 classics

Showing 3 papers

Published Classic Globalization in Historical Perspective Published Jan 2003

Global capital mobility traces a U over the past century and a half, and the authors argue the shape is explained by the open-economy policy trilemma rather than by technology: capital moved freely …

International Finance Capital Flows Open Economy Macro Exchange Rates Political Economy Free Read ↗

Published Classic Journal of Economic Literature Published Mar 2025

Local Projections

Òscar Jordà · Alan M. Taylor

This 2025 Journal of Economic Literature survey takes stock of local projections (LP) as a general framework for estimating impulse responses, arguing that LPs "help bridge the divide between current …

Local Projections

Online First Review of Economic Studies Online 15 May 2026

Loose Monetary Policy and Financial Instability

Maximilian Grimm · Òscar Jordà · Moritz Schularick · Alan M. Taylor

This paper provides the first long-run causal evidence that a persistently loose stance of monetary policy — defined as extended periods of low interest rates relative to the neutral rate — …

Monetary Policy Rules Financial Stability Financial Crises Free Read ↗