Recent Research

 NEW    Cite as: NBER Macroeconomics Annual 2016
Jordà, Schularick & Taylor “Macrofinancial History and the New Business Cycle Facts”    w22743.pdf

Nobel Symposium on Money and Banking, May 2018, Stockholm

 NEW    Journal of Economic Perspectives 2017
Obstfeld & Taylor “International Monetary Relations: Taking Finance Seriously”   jep.31.3.3

 NEW    Journal of the European Economic Association 2016
Jordà, Schularick & Taylor “Sovereigns versus Banks: Credit, Crises and Consequences"  w19506.pdf

 NEW    Economic Journal 2016
Jordà & Taylor “The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy”     w19414.pdf

 NEW    Economic Policy 2016
Jordà, Schularick & Taylor “The Great Mortgaging: Housing Finance, Crises, and Business Cycles”   w20501.pdf

 NEW    Journal of Monetary Economics 2015
Jordà, Schularick & Taylor “Leveraged Bubbles”    w21486.pdf

Annual Review of Economics 2015
Taylor “Credit, Financial Stability, and the Macroeconomy”     w21039.pdf

Journal of International Economics 2015
Jordà, Schularick & Taylor “Betting the House”   w20771.pdf

Journal of Economic Perspectives 2013
O’Rourke & Taylor “Cross of Euros”     jep.27.3.167

Journal of Money, Credit and Banking 2013
Jordà, Schularick & Taylor “When Credit Bites Back”   w17621.pdf

American Economic Review 2012
Schularick & Taylor “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008”   w15512.pdf   Online dataset: Download

New Working Papers

 NEW    Choi & Taylor “Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate”   w23341.pdf

 NEW    Jordà, Richter, Schularick & Taylor “Bank Capital Redux: Solvency, Liquidity, and Crisis”   w23287.pdf

 NEW    Jordà, Schularick & Taylor “The Effects of Quasi-Random Monetary Experiments”   w23074.pdf

 NEW    Aikman, Bush & Taylor “Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report”   w22380.pdf

 NEW    Caliendo, Feenstra, Romalis & Taylor “Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades”   w21768.pdf

Novy & Taylor “Trade and Uncertainty”     w19941.pdf