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Harold L. Cole is the James Joo-Jin Kim Professor in the Department of Economics at the University of Pennsylvania and serves as an editor for the International Economic Review. His research spans a wide array of macroeconomic topics employing a blend of theoretical and quantitative methods. Notable research areas include examining the International Great Depression, exploring efficient contracting models within firms’ financial structures and compensation schemes, and analyzing the impact of incomplete asset markets on limited portfolio behavior. He has contributed significant work in monetary economics, risk-sharing in aggregate economies, and international finance, particularly focusing on issues such as sovereign defaults and the interaction of social norms with market activities, including studies on UK depressions in the 1920s and 1930s. In recognition of his contributions to the field, Cole was elected as a Fellow of the Econometric Society in 2015.
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