Details about Harold Cole

E-mail:
Homepage:	http://www.bol.ucla.edu/~hlcole/
Postal address:	Prof. Harold L. Cole Bunche Hall 9377 Department of Economics UCLA Box 951477 Los Angeles, CA 90095-1477
Workplace:	Department of Economics, University of California-Los Angeles (UCLA), (more information at EDIRC)

Access statistics for papers by Harold Cole.

Last updated 2011-01-25. Update your information in the RePEc Author Service.

Short-id: pco70

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Working Papers

2018

1. A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
   NBER Working Papers, National Bureau of Economic Research, Inc

2017

2. Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2016

3. Debt Crises: For Whom the Bell Tolls
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
4. Quantitative Models of Sovereign Debt Crises
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)

2015

5. Why Doesn't Technology Flow from Rich to Poor Countries?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2014

6. Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy
   NBER Working Papers, National Bureau of Economic Research, Inc
7. Rating Agencies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2013

8. 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)

2012

9. Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2011

10. Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in 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

11. 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)

2009

12. 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)

2008

13. Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
    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 (2008)

2007

14. A Multiplier Approach to Understanding the Macro Implications of Household Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

2005

15. 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)
16. Deflation and the International Great Depression: A Productivity Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (17)
17. Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation
    2005 Meeting Papers, Society for Economic Dynamics

2004

18. Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (9)
19. 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

20. Data Appendix to The Great U.K. Depression: A Puzzle and Possible Resolution
    Technical Appendices, Review of Economic Dynamics View citations (5)
    See also Journal Article in Review of Economic Dynamics (2002)

2001

21. 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)
22. 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)
23. 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

24. 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)
25. 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)
26. 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 CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (2)
    Penn CARESS Working Papers, Penn Economics Department
27. 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

28. 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)
29. Efficient non-contractible investments
    Staff Report, Federal Reserve Bank of Minneapolis View citations (13)
    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)
30. 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 (243)
31. The demand for money and the nonneutrality of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)

1997

32. A microfoundation for incomplete security markets
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
33. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
34. Shrinking money and monetary business cycles
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
35. Valuation equilibrium with Clubs
    Levine's Working Paper Archive, David K. Levine View citations (33)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (10)
    See also Journal Article in Journal of Economic Theory (1997)

1996

36. A self-fulfilling model of Mexico's 1994-95 debt crisis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (67)
37. 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)
38. 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 View citations (3)
    See also Journal Article in Journal of Public Economics (1998)
39. Reassessing aggregate returns to scale with standard theory and measurement
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
40. 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)
41. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)

1994

42. 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)
43. 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

44. A contribution to the theory of pork barrel spending
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
45. Why are representative democracies fiscally irresponsible?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)

1991

46. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

1989

47. 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

48. 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

49. 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 (47)
    See also Journal Article in Quarterly Review (1995)

Journal Articles

2016

1. Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy
   Review of Economic Dynamics, 2016, 20, 215-239 View citations (5)

2012

2. Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
   Review of Economic Dynamics, 2012, 15, (4), 479-500 View citations (7)
   See also Working Paper (2011)

2010

3. Comment on: "Bordo and Haubrich"
   Journal of Monetary Economics, 2010, 57, (1), 19-23

2006

4. Latin America in the rearview mirror
   Quarterly Review, 2006, (Sep) View citations (23)
   Also in Journal of Monetary Economics, 2005, 52, (1), 69-107 (2005) View citations (41)
   See also Working Paper (2004)

2005

5. Finite memory and imperfect monitoring
   Games and Economic Behavior, 2005, 53, (1), 59-72 View citations (28)
   See also Working Paper (2001)

2004

6. 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 (211)
   See also Working Paper (2001)

2002

7. Shrinking money: the demand for money and the nonneutrality of money
   Journal of Monetary Economics, 2002, 49, (4), 653-686 View citations (9)
8. The Great U.K. Depression: A Puzzle and Possible Resolution
   Review of Economic Dynamics, 2002, 5, (1), 19-44 View citations (35)
   See also Working Paper (2001)
   Working Paper (2002)
9. 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 (29)

2001

10. Dynamic Games with Hidden Actions and Hidden States
    Journal of Economic Theory, 2001, 98, (1), 114-126 View citations (19)
    See also Working Paper (1998)
11. Efficient Non-Contractible Investments in Finite Economies
    The B.E. Journal of Theoretical Economics, 2001, 1, (1), 1-34 View citations (11)
12. Efficient Non-Contractible Investments in Large Economies
    Journal of Economic Theory, 2001, 101, (2), 333-373 View citations (46)
    See also Working Paper (2000)
13. original papers: Investment and concern for relative position
    Review of Economic Design, 2001, 6, (2), 241-261 View citations (11)

1999

14. Aggregate returns to scale: why measurement is imprecise
    Quarterly Review, 1999, (Sum), 19-28 View citations (14)
15. Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?
    International Economic Review, 1999, 40, (4), 933-59 View citations (150)
    See also Working Paper (1996)
16. The Great Depression in the United States from a neoclassical perspective
    Quarterly Review, 1999, (Win), 2-24 View citations (139)

1998

17. 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)
18. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations (91)
19. Zero nominal interest rates: why they're good and how to get them
    Quarterly Review, 1998, (Spr), 2-10 View citations (33)

1997

20. Reviving reputation models of international debt
    Quarterly Review, 1997, (Win), 21-30 View citations (32)
21. Valuation Equilibrium with Clubs
    Journal of Economic Theory, 1997, 74, (1), 19-39 View citations (45)
    See also Working Paper (1997)

1996

22. A self-fulfilling model of Mexico's 1994-1995 debt crisis
    Journal of International Economics, 1996, 41, (3-4), 309-330 View citations (135)

1995

23. 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
24. Aristocratic Equilibria: Response
    Journal of Political Economy, 1995, 103, (2), 439-43 View citations (4)
25. Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt
    International Economic Review, 1995, 36, (2), 365-85 View citations (88)
    See also Working Paper (1994)
26. Incorporating concern for relative wealth into economic models
    Quarterly Review, 1995, (Sum), 12-21 View citations (31)
    See also Working Paper
27. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations (45)
    See also Working Paper (1994)

1993

28. The macroeconomic effects of world trade in financial assets
    Quarterly Review, 1993, (Sum), 12-21 View citations (13)

1992

29. Direct investment: a doubtful alternative to international debt
    Quarterly Review, 1992, (Win), 12-22 View citations (2)
30. Social Norms, Savings Behavior, and Growth
    Journal of Political Economy, 1992, 100, (6), 1092-1125 View citations (362)
31. Specialization, Transactions Technologies, and Money Growth
    International Economic Review, 1992, 33, (2), 283-98 View citations (22)
    See also Working Paper (1988)
32. Two-sided expropriation and international equity contracts
    Journal of International Economics, 1992, 33, (1-2), 77-104 View citations (8)

1991

33. Commodity trade and international risk sharing: How much do financial markets matter?
    Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations (535)
    See also Working Paper (1989)
34. Expropriation and direct investment
    Journal of International Economics, 1991, 30, (3-4), 201-227 View citations (52)

1989

35. General Competitive Analysis in an Economy with Private Information: Comment
    International Economic Review, 1989, 30, (1), 249-52 View citations (10)
36. 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

37. Financial Structure and International Trade
    International Economic Review, 1988, 29, (2), 237-59 View citations (41)

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 (4)
   See also Working Paper (2000)

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