Alan M. Taylor
Professor
Research Expertise: International trade, finance, macroeconomics and economic history
Professor Alan Taylor teaches economics and finance at the University of California, Davis, with appointments in the Department of Economics and the Graduate School of Management. He is also a research associate of the National Bureau of Economic Research in Cambridge, Mass., and a research fellow of the Center for Economic Policy Research in London. He serves as a co-editor at the Journal of International Economics.
His publications include numerous articles in a range of economics journals including the American Economic Review, Econometrica, the Quarterly Journal of Economics, the Journal of International Economics, and the Journal of Economic History, edited volumes and the books Global Capital Markets: Integration, Crisis and Growth published by Cambridge University Press (with Maurice Obstfeld), and Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880–1935 published by The University of Chicago Press (with Gerardo della Paolera); and essays on policy and commentary in the Financial Times, Foreign Affairs, Reuters, ft.com and vox.eu, among other publications.
In 2004 he was awarded a John Simon Guggenheim Memorial Fellowship. In 2009–10 he was named a Houblon-Norman/George Fellow at the Bank of England. He has been a visitor, consultant and speaker at many public sector organizations, including the IMF, World Bank, IDB, ECB, BIS, various Federal Reserve Banks and the central banks of France, Netherlands, Italy, Austria, Croatia and Argentina. He also has served as a senior advisor at Morgan Stanley and has been a consultant to various asset managers.
He read mathematics at King’s College, Cambridge, and graduated with a Ph.D. in economics from Harvard University.
The Mysterious Death of the Market Rentier
Professor Alan Taylor and coauthor Joseph Kopecky discuss their recent paper called “The Murder-Suicide of the Rentier,” sharing why risk-free interest rates have collapsed in the past couple of decades.
Coronavirus Crisis Legacy: Mountains of Debt
Professor Alan Taylor tells the Wall Street Journal the government and the private sector are going deeper in the hole to survive the economic shutdown, which could be a drag on any future recovery.
The Coronavirus Crisis Could Hurt Investors for Decades to Come—Even in the Best-Case Scenario
How worried should long-term investors be about the coronavirus pandemic? Professor Alan Taylor says “it’s an open question, since we have never had an age pyramid like this in past great pandemics.”
Economic Effects of Pandemics Last Decades, Research Shows
The coronavirus pandemic could harm the economy for decades if past patterns are a guide, according to Professor Alan Taylor, drawing on data going back to the 14th century.
By This Measure, Americans Are Not Addicted to Debt and U.S. Stocks Should Do Fine
Economics and finance Professor Alan Taylor explains his research findings that run contrary to the belief that debt is at dangerously high levels.
Scared of Stocks? Buy a House Instead
New research by UC Davis economist Alan Taylor shows that real estate is both a better and safer investment than previously believed.
Another Economic Downturn is Just a Matter of Time
Professor Alan Taylor compiles a massive collection of historical data to show parallels with the Great Recession.
The Rate of Return on Everything
UC Davis economist Alan Taylor is among authors of new research, “The Rate of Return on Everything, 1870-2015,” that compares investment performance of stocks, bonds and housing over the past century and a half.
A History of Credit
Looking in the rearview mirror: Can economic history help explain current events? Professor Alan Taylor shares how the understanding of previous crises could allow us to design better policies.
Canada Looking Like U.S. Before the Financial Crisis
UC Davis economics Professor Alan Taylor joins BNN TV to discuss why he sees similarities between Canada’s hot housing market today and the U.S. before the global financial crisis.