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Alan Taylor speaks at the Nobel Symposium on Money and Banking

Alan Taylor, professor of economics at UC Davis, spoke about debt and the macroeconomy at the Nobel Symposium on Money and Banking held in Stockholm in May 2018.

The conference, organized by the Prize Committee for the Sveriges Riksbank Prize in Economic Sciences in the Memory of Alfred Nobel, brings together leading researchers in the fields of financial intermediation, monetary economics, and macroeconomics to discuss research and policy.

Economic research in the last decade at UC Davis—and elsewhere—has shown the patterns of credit booms, asset price booms, and financial stability over the last 150 years as a recurring pattern throughout the advanced economies.

You can watch Professor Taylor's remarks here: