Details about Harold Cole
Access statistics for papers by Harold Cole.
Last updated 2020-02-22. Update your information in the RePEc Author Service.
Short-id: pco70
Jump to Journal Articles Chapters Software Items Editor
Working Papers
2021
- Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
NBER Working Papers, National Bureau of Economic Research, Inc
2020
- Self-Ful?lling Debt Crises, Revisited
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (10) Working Papers, Federal Reserve Bank of Philadelphia (2020) View citations (8)
- Social Capital: A Double-Edged Sword
NBER Working Papers, National Bureau of Economic Research, Inc
2018
- A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2017)  2017 Meeting Papers, Society for Economic Dynamics (2017)
2017
- Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal
Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
2016
- Fragile Financial Coalitions: the interaction between real returns and social capital
2016 Meeting Papers, Society for Economic Dynamics
- Information Spillovers in Sovereign Debt Markets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
- Quantitative Models of Sovereign Debt Crises
NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
See also Chapter (2016)
- Self-Fulfilling Sovereign Debt Crises
2016 Meeting Papers, Society for Economic Dynamics
- Why Doesn't Technology Flow from Rich to Poor Countries?
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (19)
Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (5) Economie d'Avant Garde Research Reports, Economie d'Avant Garde (2014) View citations (21) 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (1) NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (1)
See also Journal Article in Econometrica (2016)
2014
- Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs
PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (8)
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (1) NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (1) CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (1) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (1)
- Debt Crises: For Whom the Bell Tolls
2014 Meeting Papers, Society for Economic Dynamics
- Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy
NBER Working Papers, National Bureau of Economic Research, Inc 
Also in Working Papers, Federal Reserve Bank of St. Louis (2014)
- Rating Agencies
2014 Meeting Papers, Society for Economic Dynamics View citations (3)
Also in Working Papers, Economic Research Institute, Bank of Korea (2013)  NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (5)
2013
- Impact of Portfolio Behavior on the Macroeconomy
Annual Meeting Plenary, Society for Economic Dynamics
- The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- Who Bears Long-Run Inflation Risk? Implications for Bond Risk Premia
2013 Meeting Papers, Society for Economic Dynamics
2012
- Analyzing the Effects of Insuring Away Health Risks
2012 Meeting Papers, Society for Economic Dynamics
2011
- Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2010) View citations (8)
See also Journal Article in Review of Economic Dynamics (2012)
2010
- Efficient Allocations with Hidden Income and Hidden Storage
Levine's Working Paper Archive, David K. Levine View citations (10)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) View citations (31)
See also Journal Article in Review of Economic Studies (2001)
2009
- Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article in American Economic Review (2012)
2008
- Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
NBER Working Papers, National Bureau of Economic Research, Inc 
Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008)
2007
- A Dynamic Theory of Optimal Capital Structure
2007 Meeting Papers, Society for Economic Dynamics
- A Multiplier Approach to Understanding the Macro Implications of Household Finance
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
See also Journal Article in Review of Economic Studies (2011)
- Macro Implications of Household Finance
2007 Meeting Papers, Society for Economic Dynamics View citations (9)
2005
- A Dynamic Theory of Optimal Capital Structure and Executive Compensation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)
- Deflation and the International Great Depression: A Productivity Puzzle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (18)
- Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation
2005 Meeting Papers, Society for Economic Dynamics
2004
- Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle
Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (9)
- Latin America in the Rearview Mirror
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (24)
See also Journal Article in Quarterly Review (2006)
2002
- Data Appendix to The Great U.K. Depression: A Puzzle and Possible Resolution
Online Appendices, Review of Economic Dynamics View citations (5)
See also Journal Article in Review of Economic Dynamics (2002)
2001
- Finite memory and imperfect monitoring
Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations (3)
See also Journal Article in Games and Economic Behavior (2005)
- New Deal policies and the persistence of the Great Depression: a general equilibrium analysis
Working Papers, Federal Reserve Bank of Minneapolis View citations (42)
See also Journal Article in Journal of Political Economy (2004)
- The great U.K. depression: a puzzle and possible resolution
Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
See also Journal Article in Review of Economic Dynamics (2002)
2000
- 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 (2)
Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (1) Penn CARESS Working Papers, Penn Economics Department 
See also Journal Article in Journal of Economic Theory (2001)
- 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 (1)
- Investment and Concern for Relative Position
CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
Also in Penn CARESS Working Papers, Penn Economics Department  CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (2)
- Re-examining the contributions of money and banking shocks to the U.S. Great Depression
Staff Report, Federal Reserve Bank of Minneapolis View citations (25)
See also Chapter (2001)
1998
- Dynamic games with hidden actions and hidden states
Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
Also in Working Papers, Federal Reserve Bank of Minneapolis (1997) 
See also Journal Article in Journal of Economic Theory (2001)
- Efficient non-contractible investments
Staff Report, Federal Reserve Bank of Minneapolis View citations (15)
Also in Penn CARESS Working Papers, Penn Economics Department View citations (6) CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (10)
- Self-Fulfilling Debt Crises
Levine's Working Paper Archive, David K. Levine View citations (6)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (255)
See also Journal Article in Review of Economic Studies (2000)
- The demand for money and the nonneutrality of money
Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
1997
- A microfoundation for incomplete security markets
Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
- Models of sovereign debt: partial vs. general reputations
Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
- Shrinking money and monetary business cycles
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
- Valuation equilibrium with Clubs
Levine's Working Paper Archive, David K. Levine View citations (34)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (10)
See also Journal Article in Journal of Economic Theory (1997)
1996
- A self-fulfilling model of Mexico's 1994-95 debt crisis
Staff Report, Federal Reserve Bank of Minneapolis View citations (75)
- Can the Mortonson-Pissarides matching model match the business cycle facts?
Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
See also Journal Article in International Economic Review (1999)
- Class systems and the enforcement of social norms
Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
Also in Penn CARESS Working Papers, Penn Economics Department  CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
See also Journal Article in Journal of Public Economics (1998)
- Reassessing aggregate returns to scale with standard theory and measurement
Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
- 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 (13)
- Reputation spillover across relationships: reviving reputation models of debt
Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
1994
- Default, settlement, and signalling: lending resumption in a reputational model of sovereign debt
Staff Report, Federal Reserve Bank of Minneapolis View citations (20)
See also Journal Article in International Economic Review (1995)
- 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
- A contribution to the theory of pork barrel spending
Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
- Why are representative democracies fiscally irresponsible?
Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
1991
- Reputation with multiple relationships: reviving reputation models of debt
Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
1989
- Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (208)
See also Journal Article in Journal of Monetary Economics (1991)
1988
- 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) 
See also Journal Article in International Economic Review (1992)
Undated
- 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 (50)
See also Journal Article in Quarterly Review (1995)
Journal Articles
2019
- Analysing the Effects of Insuring Health Risks: On the Trade-off between Short-Run Insurance Benefits versus Long-Run Incentive Costs
Review of Economic Studies, 2019, 86, (3), 1123-1169 View citations (2)
- Discussion: Practical policy evaluation
Journal of Monetary Economics, 2019, 102, (C), 46-52
2016
- Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy
Review of Economic Dynamics, 2016, 20, 215-239 View citations (10)
See also Software Item (2015)
- Why Doesn't Technology Flow From Rich to Poor Countries?
Econometrica, 2016, 84, 1477-1521 View citations (19)
See also Working Paper (2016)
2013
- KLEIN MEMORIAL
International Economic Review, 2013, 54, iii-iii
- Self-enforcing stochastic monitoring and the separation of claims
Journal of Monetary Economics, 2013, 60, (6), 632-649 View citations (2)
2012
- Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?
American Economic Review, 2012, 102, (6), 2859-96 View citations (43)
See also Working Paper (2009)
- Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
Review of Economic Dynamics, 2012, 15, (4), 479-500 View citations (8)
See also Working Paper (2011)
2011
- A Multiplier Approach to Understanding the Macro Implications of Household Finance
Review of Economic Studies, 2011, 78, (1), 199-234 View citations (55)
See also Working Paper (2007)
- Discussion of Gertler and Karadi: A model of unconventional monetary policy
Journal of Monetary Economics, 2011, 58, (1), 35-38 View citations (12)
2010
- Comment on: "Bordo and Haubrich"
Journal of Monetary Economics, 2010, 57, (1), 19-23
2006
- Latin America in the rearview mirror
Quarterly Review, 2006, 30, (Sep) View citations (23)
Also in Journal of Monetary Economics, 2005, 52, (1), 69-107 (2005) View citations (46)
See also Working Paper (2004)
2005
- Finite memory and imperfect monitoring
Games and Economic Behavior, 2005, 53, (1), 59-72 View citations (29)
See also Working Paper (2001)
2004
- 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 (233)
See also Working Paper (2001)
2002
- Shrinking money: the demand for money and the nonneutrality of money
Journal of Monetary Economics, 2002, 49, (4), 653-686 View citations (10)
- The Great U.K. Depression: A Puzzle and Possible Resolution
Review of Economic Dynamics, 2002, 5, (1), 19-44 View citations (39)
See also Working Paper (2002) Working Paper (2001)
- The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory
American Economic Review, 2002, 92, (2), 28-32 View citations (30)
2001
- Dynamic Games with Hidden Actions and Hidden States
Journal of Economic Theory, 2001, 98, (1), 114-126 View citations (20)
See also Working Paper (1998)
- Efficient Allocations with Hidden Income and Hidden Storage
Review of Economic Studies, 2001, 68, (3), 523-542 View citations (122)
See also Working Paper (2010)
- Efficient Non-Contractible Investments in Finite Economies
The B.E. Journal of Theoretical Economics, 2001, 1, (1), 1-34 View citations (11)
- Efficient Non-Contractible Investments in Large Economies
Journal of Economic Theory, 2001, 101, (2), 333-373 View citations (51)
See also Working Paper (2000)
- original papers: Investment and concern for relative position
Review of Economic Design, 2001, 6, (2), 241-261 View citations (11)
2000
- Self-Fulfilling Debt Crises
Review of Economic Studies, 2000, 67, (1), 91-116 View citations (327)
See also Working Paper (1998)
1999
- Aggregate returns to scale: why measurement is imprecise
Quarterly Review, 1999, 23, (Sum), 19-28 View citations (14)
- Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?
International Economic Review, 1999, 40, (4), 933-59 View citations (156)
See also Working Paper (1996)
- The Great Depression in the United States from a neoclassical perspective
Quarterly Review, 1999, 23, (Win), 2-24 View citations (146)
1998
- Class systems and the enforcement of social norms
Journal of Public Economics, 1998, 70, (1), 5-35 View citations (29)
See also Working Paper (1996)
- Models of Sovereign Debt: Partial versus General Reputations
International Economic Review, 1998, 39, (1), 55-70 View citations (103)
- Zero nominal interest rates: why they're good and how to get them
Quarterly Review, 1998, 22, (Spr), 2-10 View citations (34)
1997
- Reviving reputation models of international debt
Quarterly Review, 1997, 21, (Win), 21-30 View citations (34)
- Valuation Equilibrium with Clubs
Journal of Economic Theory, 1997, 74, (1), 19-39 View citations (46)
See also Working Paper (1997)
1996
- A self-fulfilling model of Mexico's 1994-1995 debt crisis
Journal of International Economics, 1996, 41, (3-4), 309-330 View citations (146)
1995
- 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
- Aristocratic Equilibria: Response
Journal of Political Economy, 1995, 103, (2), 439-43 View citations (4)
- Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt
International Economic Review, 1995, 36, (2), 365-85 View citations (93)
See also Working Paper (1994)
- Incorporating concern for relative wealth into economic models
Quarterly Review, 1995, 19, (Sum), 12-21 View citations (38)
See also Working Paper
- The role of institutions in reputation models of sovereign debt
Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations (48)
See also Working Paper (1994)
1993
- The macroeconomic effects of world trade in financial assets
Quarterly Review, 1993, 17, (Sum), 12-21 View citations (13)
1992
- Direct investment: a doubtful alternative to international debt
Quarterly Review, 1992, 16, (Win), 12-22 View citations (2)
- Social Norms, Savings Behavior, and Growth
Journal of Political Economy, 1992, 100, (6), 1092-1125 View citations (388)
- Specialization, Transactions Technologies, and Money Growth
International Economic Review, 1992, 33, (2), 283-98 View citations (22)
See also Working Paper (1988)
- Two-sided expropriation and international equity contracts
Journal of International Economics, 1992, 33, (1-2), 77-104 View citations (8)
1991
- Commodity trade and international risk sharing: How much do financial markets matter?
Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations (570)
See also Working Paper (1989)
- Expropriation and direct investment
Journal of International Economics, 1991, 30, (3-4), 201-227 View citations (56)
1989
- General Competitive Analysis in an Economy with Private Information: Comment
International Economic Review, 1989, 30, (1), 249-52 View citations (11)
- Internationalization of financial markets and balance of payments imbalances: A Japanese perspective: A comment
Carnegie-Rochester Conference Series on Public Policy, 1989, 30, (1), 221-230
1988
- Financial Structure and International Trade
International Economic Review, 1988, 29, (2), 237-59 View citations (42)
Chapters
2016
- Quantitative Models of Sovereign Debt Crises
Elsevier View citations (26)
See also Working Paper (2016)
2001
- 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 (5)
See also Working Paper (2000)
Software Items
2015
- Code files for "Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy"
Computer Codes, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2016)
Editor
- International Economic Review
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
- International Economic Review
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
|
The links between different versions of a paper are constructed automatically by matching on the titles.
Please contact if a link is incorrect.
Use this form
to add links between versions where the titles do not match.
|