Details about Harold Cole

Access statistics for papers by Harold Cole.

Last updated 2009-01-02. Update your information in the RePEc Author Service.

Short-id: pco70

Working Papers

2009

1. Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?
   NBER Working Papers, National Bureau of Economic Research, Inc

2008

2. Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
   NBER Working Papers, National Bureau of Economic Research, Inc

2007

3. A Multiplier Approach to Understanding the Macro Implications of Household Finance
   NBER Working Papers, National Bureau of Economic Research, Inc

2005

4. A Dynamic Theory of Optimal Capital Structure and Executive Compensation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)
5. Deflation and the International Great Depression: A Productivity Puzzle
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations
6. Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation
   2005 Meeting Papers, Society for Economic Dynamics

2004

7. Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle
   Econometric Society 2004 North American Winter Meetings, Econometric Society View citations
8. Latin America in the Rearview Mirror
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations
   See also Journal Article in Quarterly Review (2006)

2001

9. Finite memory and imperfect monitoring
   Staff Report, Federal Reserve Bank of Minneapolis View citations
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations
   See also Journal Article in Games and Economic Behavior (2005)
10. New Deal policies and the persistence of the Great Depression: a general equilibrium analysis
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (2004)
11. The great U.K. depression: a puzzle and possible resolution
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Review of Economic Dynamics (2002)

2000

12. Efficient Non-Contractible Investments in Large Economies
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    Penn CARESS Working Papers, Penn Economics Department View citations
    See also Journal Article in Journal of Economic Theory (2001)
13. Efficient Non-Contractible Investments in a Finite Economy
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences
    Also in Penn CARESS Working Papers, Penn Economics Department View citations
14. Investment and Concern for Relative Position
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    Penn CARESS Working Papers, Penn Economics Department
15. Re-examining the contributions of money and banking shocks to the U.S. Great Depression
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Chapter (2001)

1999

16. Efficient allocations with hidden income and hidden storage
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Review of Economic Studies (2001)

1998

17. Dynamic games with hidden actions and hidden states
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1997)
    See also Journal Article in Journal of Economic Theory (2001)
18. Efficient non-contractible investments
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Penn CARESS Working Papers, Penn Economics Department View citations
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
19. Self-fulfilling debt crises
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Review of Economic Studies (2000)
20. The demand for money and the nonneutrality of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1997

21. A microfoundation for incomplete security markets
    Working Papers, Federal Reserve Bank of Minneapolis View citations
22. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis View citations
23. Shrinking money and monetary business cycles
    Working Papers, Federal Reserve Bank of Minneapolis

1996

24. A self-fulfilling model of Mexico's 1994-95 debt crisis
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of International Economics (1996)
25. Can the Mortonson-Pissarides matching model match the business cycle facts?
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in International Economic Review (1999)
26. Class systems and the enforcement of social norms
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Penn CARESS Working Papers, Penn Economics Department View citations
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    See also Journal Article in Journal of Public Economics (1998)
27. Reassessing aggregate returns to scale with standard theory and measurement
    Working Papers, Federal Reserve Bank of Minneapolis View citations
28. Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
29. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations
30. Valuation equilibria with clubs
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Economic Theory (1997)

1994

31. Default, settlement, and signalling: lending resumption in a reputational model of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in International Economic Review (1995)
32. The role of institutions in reputation models of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Monetary Economics (1995)

1993

33. A contribution to the theory of pork barrel spending
    Staff Report, Federal Reserve Bank of Minneapolis View citations
34. Why are representative democracies fiscally irresponsible?
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1991

35. Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1991)
36. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1988

37. SPECIALIZATION, TRANSACTIONS TECHNOLOGIES, AND MONEY GROWTH
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations
    See also Journal Article in International Economic Review (1992)

Undated

38. Incorporating Concern for Relative Wealth into Economic Models'
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations
    See also Journal Article in Quarterly Review (1995)

Journal Articles

2006

1. Latin America in the rearview mirror
   Quarterly Review, 2006, (Sep) View citations
   Also in Journal of Monetary Economics, 2005, 52, (1), 69-107 (2005) View citations
   See also Working Paper (2004)

2005

2. Finite memory and imperfect monitoring
   Games and Economic Behavior, 2005, 53, (1), 59-72 View citations
   See also Working Paper (2001)

2004

3. New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
   Journal of Political Economy, 2004, 112, (4), 779-816 View citations
   See also Working Paper (2001)

2002

4. Shrinking money: the demand for money and the nonneutrality of money
   Journal of Monetary Economics, 2002, 49, (4), 653-686 View citations
5. The Great U.K. Depression: A Puzzle and Possible Resolution
   Review of Economic Dynamics, 2002, 5, (1), 19-44 View citations
   See also Working Paper (2001)

2001

6. Dynamic Games with Hidden Actions and Hidden States
   Journal of Economic Theory, 2001, 98, (1), 114-126 View citations
   See also Working Paper (1998)
7. Efficient Allocations with Hidden Income and Hidden Storage
   Review of Economic Studies, 2001, 68, (3), 523-42 View citations
   See also Working Paper (1999)
8. Efficient Non-Contractible Investments in Large Economies
   Journal of Economic Theory, 2001, 101, (2), 333-373 View citations
   See also Working Paper (2000)
9. original papers: Investment and concern for relative position
   Review of Economic Design, 2001, 6, (2), 241-261

2000

10. Self-Fulfilling Debt Crises
    Review of Economic Studies, 2000, 67, (1), 91-116 View citations
    See also Working Paper (1998)

1999

11. Aggregate returns to scale: why measurement is imprecise
    Quarterly Review, 1999, (Sum), 19-28 View citations
12. Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?
    International Economic Review, 1999, 40, (4), 933-59 View citations
    See also Working Paper (1996)
13. The Great Depression in the United States from a neoclassical perspective
    Quarterly Review, 1999, (Win), 2-24 View citations

1998

14. Class systems and the enforcement of social norms
    Journal of Public Economics, 1998, 70, (1), 5-35 View citations
    See also Working Paper (1996)
15. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations
16. Zero nominal interest rates: why they're good and how to get them
    Quarterly Review, 1998, (Spr), 2-10 View citations

1997

17. Reviving reputation models of international debt
    Quarterly Review, 1997, (Win), 21-30 View citations
18. Valuation Equilibrium with Clubs
    Journal of Economic Theory, 1997, 74, (1), 19-39 View citations
    See also Working Paper (1996)

1996

19. A self-fulfilling model of Mexico's 1994-1995 debt crisis
    Journal of International Economics, 1996, 41, (3-4), 309-330 View citations
    See also Working Paper (1996)

1995

20. A few speculations on the role of financial intermediaries in transitional economies: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 303-307
21. Aristocratic Equilibria: Response
    Journal of Political Economy, 1995, 103, (2), 439-43 View citations
22. Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt
    International Economic Review, 1995, 36, (2), 365-85 View citations
    See also Working Paper (1994)
23. Incorporating concern for relative wealth into economic models
    Quarterly Review, 1995, (Sum), 12-21 View citations
    See also Working Paper
24. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations
    See also Working Paper (1994)

1993

25. The macroeconomic effects of world trade in financial assets
    Quarterly Review, 1993, (Sum), 12-21 View citations

1992

26. Direct investment: a doubtful alternative to international debt
    Quarterly Review, 1992, (Win), 12-22 View citations
27. Social Norms, Savings Behavior, and Growth
    Journal of Political Economy, 1992, 100, (6), 1092-1125 View citations
28. Specialization, Transactions Technologies, and Money Growth
    International Economic Review, 1992, 33, (2), 283-98 View citations
    See also Working Paper (1988)
29. Two-sided expropriation and international equity contracts
    Journal of International Economics, 1992, 33, (1-2), 77-104 View citations

1991

30. Commodity trade and international risk sharing: How much do financial markets matter?
    Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations
    See also Working Paper (1991)
31. Expropriation and direct investment
    Journal of International Economics, 1991, 30, (3-4), 201-227 View citations

1989

32. General Competitive Analysis in an Economy with Private Information: Comment
    International Economic Review, 1989, 30, (1), 249-52 View citations

1988

33. Financial Structure and International Trade
    International Economic Review, 1988, 29, (2), 237-59 View citations

Chapters

2001

1. Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression
   A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 183-260 View citations
   See also Working Paper (2000)