Following the campus guidelines for Coronavirus all UC Davis classes, lectures, seminars, labs and discussion sections will move to virtual instruction and remain virtual through the end of Summer Session 2021, including final exams. Given this, the department’s administrative functions have moved to remote work conditions. To contact staff members of the department via e-mail or phone, please go to our administrative staff contact page.  We anticipate a return to campus for Fall 2021.

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Safe as houses

New research by Oscar Jorda (UC Davis), Moritz Schularick (U. of Bonn) and Alan Taylor (UC Davis) featured in The Economist

The Economist this week features research by Òscar Jordà, Moritz Schularick and Alan Taylor. The authors document a striking increase in mortgage lending since WWII. Rising levels of mortgage debt are a better predictor of financial crises than surges in other forms of lending. Worse, financial crunches caused by mortgage binges result in deeper recessions and slower recoveries than episodes caused by other forms of debt. You can read the full article here.