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Taylor, Alan M. 1964-

Works: 160 works in 1,403 publications in 4 languages and 16,283 library holdings
Genres: History  Conference papers and proceedings  Longitudinal studies  Textbooks 
Roles: Author, Editor, Creator, Other, cnm, Honoree, Contributor
Classifications: HC125, 337
Publication Timeline
Publications about Alan M Taylor
Publications by Alan M Taylor
Most widely held works by Alan M Taylor
Latin America and the world economy since 1800 ( Book )
10 editions published between 1998 and 1999 in English and held by 567 libraries worldwide
"The Latin American economies, once among the most productive in the world, were already falling behind the advancing economies of the North Atlantic by 1800. A century later, nearly all were "underdeveloped." In the twentieth century, most grew respectably but none managed to catch up. What explains these trends? How important were Latin America's changing relations with the evolving global economy? What hypotheses should be rejected or modified?" "The fifteen essays in this volume apply the methods of the New Economic History to the history of the Latin American economies since 1800. The authors combine the historian's sensitivity to context and contingency with modern or "neoclassical" economic theory and quantitative methods."--Jacket
Globalization in historical perspective by Michael D Bordo( Book )
29 editions published between 2003 and 2007 in English and held by 530 libraries worldwide
The 11 papers in this text explore a variety of topics on globalization in the context of the history of international trade, including how the process of globalization can be measured by the long-term integration of markets, and what trends and questions develop as markets converge and diverge
Global capital markets : integration, crisis, and growth by Maurice Obstfeld( Book )
30 editions published between 2003 and 2011 in English and held by 474 libraries worldwide
Understood in this way, the present era of globalization can be seen, in part, as the resumption of a liberal world order that was established in the years from 1880 to 1914. Much has changed along the way. Marking a reaction against the old order, the Great Depression emerges as the key turning point in the recent history of international capital markets and offers important insights for contemporary policy debates
Straining at the anchor : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 by Gerardo Della Paolera( Book )
16 editions published between 2001 and 2007 in English and held by 370 libraries worldwide
The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversion, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted."--Jacket
A new economic history of Argentina ( Book )
16 editions published between 2003 and 2011 in English and held by 320 libraries worldwide
"Scholars, policymakers, and laymen alike have been struck by the Argentine puzzle: why has this country of recent European settlement and rich endowments stagnated economically for so long? The answers will not arrive from an examination of the last week's newspapers, the last year's policy choices, or the last decade's economic trends. A longer view is needed, and these essays present a state-of-the-art examination of the development record by today's leading specialists in Argentine economic history. The authors expose the historic dimension of the Argentine puzzle - and, it is hoped, provide some of the answers."--Jacket
International trade by Robert C Feenstra( Book )
35 editions published between 2008 and 2017 in English and held by 299 libraries worldwide
This title contains all of the chapters on trade from the third edition of 'International Economics' by Robert C. Feenstra and Alan M. Taylor. Combining classic international economics with straight-from-the-headlines immediacy, this text seamlessly integrates core content with ideas that have emerged from recent empirical studies
The new comparative economic history : essays in honor of Jeffrey G. Williamson by T. J Hatton( Book )
17 editions published in 2007 in English and Undetermined and held by 281 libraries worldwide
Essays by internationally prominent economists examine long run cross-country economic trends from the perspective of New Comparative Economic History, an approach pioneered by Harvard economist Jeffrey G. Williamson
International macroeconomics by Robert C Feenstra( Book )
45 editions published between 2007 and 2017 in 3 languages and held by 248 libraries worldwide
International Trade contains all of the chapters on trade from the third edition of International Economics by Robert C. Feenstra and Alan M. Taylor. Combining classic international economics with straight-from-the- headlines immediacy, this text seamlessly integrates core content with ideas that have emerged from recent empirical studies.--
The Economics of transformation : theory and practice in the new market economies by Alfred Schipke( Book )
10 editions published in 1994 in English and held by 169 libraries worldwide
Janos Kornai The collapse of the socialist system in eastern Europe and the Soviet Union is one of the major events of this century, perhaps the most important of all. The transformation now taking place is without any precedent in history. The original development of capitalism was a process that lasted for centuries. The almost total liquidation of capitalism in the countries ruled by communist parties took place-in historical terms-in a very short period of time, but it was carried out by force and repressive methods. The transformation which has now begun is diverting these countries back onto the path of capitalist development and the hope is that the process will take place much faster than the original emergence of capitalism. And another hope can be expressed: that the governments of these countries will not resort during the process to the arsenal of political violence and repression in order to speed it up. Although the post -socialist transformation is a historically unique phenomenon, some components and features of it show a similarity with other processes or events that took place under other circumstances. Other empires before the Soviet empire collapsed. The political structures of other countries took the path from dictatorship to democracy. Under other conditions, state assets have been privatized, inflation has been curbed, foreign capital has flowed in, new oligopolies have formed, and so on. The uniqueness lies in the new, specific configuration of these component processes and may other phenomena
Globalization in an age of crisis : multilateral economic cooperation in the twenty-first century ( Book )
10 editions published in 2014 in English and held by 149 libraries worldwide
Along with its painful economic costs, the financial crisis of 2008 raised concerns over the future of international policy making. As in recessions past, new policy initiatives emerged, approaches that placed greater importance on protecting national interests than promoting international economic cooperation. Whether in fiscal or monetary policies, the control of currencies and capital flows, the regulation of finance, or the implementation of protectionist policies and barriers to trade, there has been an almost worldwide trend toward the prioritizing of national economic security. But
Nonlinear aspects of goods-market arbitrage and adjustment : Heckscher's commodity points revisited by Maurice Obstfeld( Book )
25 editions published in 1997 in English and held by 103 libraries worldwide
We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of commodity points' thresholds delineating a region of no central tendency among relative prices, possibly due to lack of perfect arbitrage in the presence of transaction costs and uncertainty. More than eighty years ago, Heckscher stressed the importance of such incomplete arbitrage in the empirical application of PPP. We devise an econometric method to identify commodity points. Price adjustment is treated as a nonlinear process, and a threshold autoregression (TAR) offers a parsimonious specification within which both thresholds and adjustment speeds are estimated by maximum likelihood methods. Our model performs well using post-1980 data reasonable: adjustment outside the thresholds might imply half-lives of price deviations measured in months rather than years and the thresholds correspond to popular rough estimates as to the order of magnitude of actual transport costs. The estimated commodity points appear to be positively related to objective measures of market segmentation, notably nominal exchange rate volatility
The Great Depression as a watershed : international capital mobility over the long run by Maurice Obstfeld( Book )
21 editions published between 1997 and 1999 in English and held by 97 libraries worldwide
This paper surveys the evolution of international capital mobility since the late nineteenth century. We begin with an overview of empirical evidence on the fall and rise of integration in the global capital market. A discussion of institutional developments focuses on the use of capital controls and the pursuit of domestic macroeconomic policy objectives in the context of changing monetary regimes. A fundamental macroeconomic policy trilemma has forced policymakers to trade off among conflicting goals. The natural implication of the trilemma is that capital mobility has prevailed and expanded under circumstances of widespread political support either for an exchange-rate subordinated monetary policy regime (e.g., the gold standard), or for a monetary regime geared mainly toward domestic objectives at the expense of exchange-rate stability (e.g., the recent float). Through its effect on popular attitudes toward both the gold standard and the legitimate scope for government macroeconomic intervention, the Great Depression emerges as the key turning point in the recent history of international capital markets
Economic recovery from the Argentine great depression : institutions, expectations and the change of macroeconomic regime by Gerardo Della Paolera( Book )
16 editions published between 1998 and 2000 in English and held by 83 libraries worldwide
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and had little power to smooth output. Monetary policy became heterodox after 1929. The first and most important stage of institutional change took place with the switch from a metallic monetary regime to a fiduciary regime in 1931; the Caja de Conversion (Conversion Office, a currency board) began rediscounting as a means to sterilize gold outflows and avoid deflationary pressures, thus breaking from orthodox game. and were not enough to fully offset the incipient monetary contractions: the recovery derived from changes in beliefs and expectations surrounding the shift in the monetary and exchange-rate regime, and the delinking of gold flows and the money base. Agents perceived a new regime, as shown by the path of consumption, investment, and estimated ex ante real interest rates: the predated a later, and supposedly more significant, stage of institutional reform, namely the creation of the central bank in 1935. Still, the extent of intervention was weak, and insufficient to fully offset external shocks to prices and money. Argentine macropolicy was heterodox in terms of the change of regime, but still conservative in terms of the tentative scope of the measures taken
Business cycles in international historical perspective by Susanto Basu( Book )
12 editions published in 1999 in English and held by 76 libraries worldwide
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business cycle models depend not only on important structural aspects of the model such as money neutrality, labor market structure, and price adjustment, but also on the closure of the model in international markets. Econometric considerations suggest that more information about the country-specific versus universal features of cycles could be gleaned from the study of panel data. A review of business cycle properties in a sample of over a dozen countries is considered in light of these issues
Convergence in the age of mass migration by Alan M Taylor( Book )
15 editions published in 1994 in English and held by 75 libraries worldwide
Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the sources of the convergence? One prime candidate is mass migration. In the absence of quotas, this was a period of open international migration, and the numbers who elected to move were enormous. If international migration is ever to play a role in contributing to convergence, the pre-quota period surely should be it. This paper offers some estimates which suggest that migration could account for very large shares of the convergence in GDP per worker and real wages, though a much smaller share in GDP per capita. One might conclude, therefore, that the interwar cessation of convergence could be partially explained by the imposition of quotas and other barriers to migration. The paper concludes with caution as it enumerates the possible offsets to the mass migration impact which our partial equilibrium analysis ignores, and with the plea that convergence models pay more attention to open-economy forces
Domestic saving and international capital flows reconsidered by Alan M Taylor( Book )
13 editions published in 1994 in English and held by 74 libraries worldwide
A long literature since Feldstein and Horioka's seminal contribution documents the strong correlation of domestic saving and investment rates since the 1960s. According to conventional wisdom, the result provides evidence of international capital market imperfections. The macroeconomic theory of small open economies prescribes a relationship between the composition of aggregate demand and its relative price structure, a linkage hitherto ignored in the saving-investment literature. Theory and evidence also suggest a role for growth and demographic effects, well known in previous studies. If one controls for these effects, the standard correlation of saving and investment disappears. International capital markets may be better integrated than once thought, and the former correlations may have been spurious. The pattern of domestic investment rates is better explained by domestic price distortions and other variables than by domestic saving constraints
Sovereign risk, credibility and the gold standard : 1870-1913 versus 1925-31 by Maurice Obstfeld( Book )
18 editions published between 2002 and 2003 in English and Dutch and held by 72 libraries worldwide
What determines sovereign risk? We study the London bondmarket from the 1870s to the 1930s. Our findings support conventional wisdom concerning the low credibility of the interwar gold standard. Before 1914 gold standard adherence effectively signalled credibility and shaved 40 to 60 basis points from country borrowing spreads. In the 1920s, however, simply resuming prewar gold parities was insufficient to secure such benefits. Countries that devalued before resumption were treated favorably, and markets scrutinized other signals. Public debt and British Empire membership were important determinants of spreads after World War One, but not before
Finance and development in an emerging market : Argentina in the interwar period by Gerardo Della Paolera( Book )
16 editions published in 1997 in English and held by 70 libraries worldwide
The long-run economic performance of Argentina since World War One has been relatively disappointing until recently. Yet, in the interwar period, signs of future retardation and" recurring crises were not so obvious. It is often claimed that an unmitigated success was the" remarkably rapid growth of domestic financial markets. In conventional models deepening industrializing economy such as" Argentina's. Yet the promise of this trend was unfulfilled: first the outbreak of World War One" and then the Great Depression proved a setback for the fledgling financial system deterioration set in after 1940. In this paper we trace the course of financial development using" historical and international comparisons and we analyze both macro- and microeconomic aspects" of financial intermediation
External imbalances and financial crises by Alan M Taylor( Book )
15 editions published between 2012 and 2013 in English and held by 23 libraries worldwide
In broad perspective, there have been essentially two competing views of the global financial crisis, albeit there are some complementarities among them. One view looks across the border: it mainly blames external imbalances, the large-scale mix of unprecedented pattern current account deficits and surpluses which entailed massive and growing net and gross international financial flows in the last decade. The alternative view looks within the border: it finds more fault in the domestic arena of the afflicted countries, attributing the problems to financial systems where risks originated in excessive credit booms in local banks. This paper uses the lens of macroeconomic and financial history to confront these dueling hypotheses with evidence. Of the two, the credit boom explanation stands out as the most plausible predictor of financial crises since the dawn of modern finance capitalism in the late nineteenth century. Historically, we find that global imbalances are not as important as a factor in financial crises as is often perceived, and they have much less correlation with subsequent episodes of financial distress compared to direct indicators like credit drawn from the financial system itself
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Alternative Names
Alan M. Taylor American economist
Alan M. Taylor economista estadounidense
Taylor, A. M. 1964-
Taylor, Alan 1964-
Taylor, Alan M.
Taylor, Alan Michael 1964-
테일러, 앨런 M. 1964-
English (361)
Spanish (4)
Chinese (2)
Dutch (1)
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