Papers by Alan M. Taylor

Alan M. Taylor

Professor of Economics and Finance · University of California, Davis

Economist working on international macroeconomics and finance, economic history and global capital markets; co-author with Maurice Obstfeld of Global Capital Markets. Guggenheim Fellow (2004).

Showing 3 papers

Published Classic Globalization in Historical Perspective Published Jan 2003

Globalization and Capital Markets

Maurice Obstfeld · Alan M. Taylor

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 ↗

Career

2013 – present Professor, Economics and Graduate School of Management, University of California, Davis
2011 – 2013 Souder Family Professor of Arts and Sciences, University of Virginia
2010 – 2011 Senior Advisor, Morgan Stanley
2003 – 2011 Professor of Economics, University of California, Davis
1999 – 2003 Associate Professor of Economics, University of California, Davis
1993 – 1999 Assistant Professor of Economics, Northwestern University

Editorial roles

Co-Editor Journal of International Economics2013–present
Editorial Board Member European Review of Economic History2010–present
Associate Editor International Journal of Finance and Economics2006–present
Editorial Board Member Journal of International Money and Finance2002–present
Board of Editors Journal of Economic Literature2007–2010
Associate Editor Journal of Development Economics2004–2006
Editorial Board Member Explorations in Economic History2004–2006
Editorial Board Member Journal of Economic History2000–2003