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Dr. Harold Cole is an internationally recognized macroeconomist who has made important contributions to the combination of theory, quantitative, and statistical methods with major topics on the international Great Depression, efficient contracting models of firm financial structure and compensation, and incomplete asset markets and the impact of limited portfolio behavior. He has also worked on monetary economics, risk-sharing in aggregate economies, international finance (particularly sovereign default), the interaction of social norms and market activity, and the US and UK depressions of the 1930s and 1920s respectively. He is a research associate of the National Bureau of Economic Research and has been the editor of the International Economic Review from 2011 to 2019. In 2015 he was elected a Fellow of the Econometric Society. Read more in the Penn Almanac.
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