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Jorda and Taylor get more attention for work on long-run asset returns

New study featured by The Economist and Bloomberg

A recent working paper by Professors Òscar Jordà and Alan Taylor has been profiled by The Economist and by Bloomberg. The paper was previously featured by the Financial Times.

Together with coauthors, Jordà and Taylor have assembled comprehensive data on stock, bond, Treasury bill, and housing returns for 16 advanced economies over the period 1870–2015. The new data-collection effort has shed light on a host of open questions about financial markets and monetary policy, leading The Economist to dub the study "one of the most valuable papers produced in 2017".

The study is coauthored with Katharina Knoll of Deutsche Bundesbank and with Dmitry Kuvshinov and Moritz Schularick of the University of Bonn.