Russell Cooper

Department of Economics
European University Institute
Villa La Fonte
Via delle Fontanelle 18
I-50014 San Domenico di Fiesole (FI)

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: EFG
NBER Affiliation: Research Associate
Institutional Affiliation: European University Institute

NBER Working Papers and Publications

January 2020Political Activism and the Provision of Dynamic Incentives
with Antoine Camous: w26654
May 2019Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You
with Yosef Bonaparte, Mengli Sha: w25838
September 2018MPC Heterogeneity in Europe: Sources and Policy Implications
with Miguel Ampudia, Julia Le Blanc, Guozhong Zhu: w25082
August 2017Household Finance in China
with Guozhong Zhu: w23741
The Employment and Output Effects of Short-Time Work in Germany
with Moritz Meyer, Immo Schott: w23688
October 2016Money or Grit? Determinants of MisMatch
February 2016MisMatch in Human Capital Accumulation
with Huacong Liu: w22010

Published: Russell Cooper & Huacong Liu, 2019. "MISMATCH IN HUMAN CAPITAL ACCUMULATION," International Economic Review, vol 60(3), pages 1291-1328.

November 2014The Collateral Trap
with Frédéric Boissay: w20703

Published: Frederic Boissay & Russell Cooper, 2016. "The Collateral Trap," BIS Working Papers 565, Bank for International Settlements.

Household Finance over the Life-Cycle: What does Education Contribute?
with Guozhong Zhu: w20684

Published: Russell Cooper & Guozhong Zhu, 2016. "Household Finance over the Life-Cycle: What does Education Contribute?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 63-89, April. citation courtesy of

October 2014Monetary Policy and Debt Fragility
with Antoine Camous: w20650

Published: Antoine Camous & Russell Cooper, 2019. ""Whatever It Takes" Is All You Need: Monetary Policy and Debt Fragility," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(4), pages 38-81, October.

December 2013Capital Reallocation and Aggregate Productivity
with Immo Schott: w19715
September 2013Household Finance: Education, Permanent Income and Portfolio Choice
with Guozhong Zhu: w19455
August 2013Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations
with Guan Gong, Ping Yan: w19324

Published: The Economic Journal, Vol. 128, Issue 613, pp. 1879-1922, 2018

Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty
with Kalin Nikolov: w19278

Published: Russell Cooper & Kalin Nikolov, 2018. "Government Debt And Banking Fragility: The Spreading Of Strategic Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(4), pages 1905-1925, November. citation courtesy of

June 2013Deposit Insurance and Orderly Liquidation without Commitment: Can we Sleep Well?
with Hubert Kempf: w19132

Published: Russell Cooper & Hubert Kempf, 2016. "Deposit insurance and bank liquidation without commitment: Can we sleep well?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(2), pages 365-392, February.

September 2012Debt Fragility and Bailouts
March 2012Costly Labor Adjustment: Effects of China's Employment Regulations
with Guan Gong, Ping Yan: w17948
Exit from a Monetary Union through Euroization: Discipline without Chaos
April 2011Consumption Smoothing and Portfolio Rebalancing: The Effects of Adjustment Costs
with Yosef Bonaparte, Guozhong Zhu: w16957

Published: Bonaparte, Yosef & Cooper, Russell & Zhu, Guozhong, 2012. "Consumption smoothing and portfolio rebalancing: The effects of adjustment costs," Journal of Monetary Economics, Elsevier, vol. 59(8), pages 751-768. citation courtesy of

January 2011Deposit Insurance Without Commitment: Wall St. Versus Main St
with Hubert Kempf: w16752
October 2010Dynamic Labor Demand in China: Public and Private Objectives
with Guan Gong, Ping Yan: w16498

Published: Russell Cooper & Guan Gong & Ping Yan, 2015. "Dynamic labor demand in China: public and private objectives," The RAND Journal of Economics, vol 46(3), pages 577-610. citation courtesy of

May 2010Rationalizing Trading Frequency and Returns
with Yosef Bonaparte: w16022
January 2010Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application
with John C. Haltiwanger, Jonathan L. Willis: w15675
August 2009Costly Portfolio Adjustment
with Yosef Bonaparte: w15227
July 2009Insulation Impossible: Fiscal Spillovers in a Monetary Union
with Hubert Kempf, Dan Peled: w15176
May 2007Implications of Search Frictions: Matching Aggregate and Establishment-level Observations
with John Haltiwanger, Jonathan L. Willis: w13115
October 2005Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
with Hubert Kempf, Dan Peled: w11655

Published: Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Is It Is Or Is It Ain'T My Obligation? Regional Debt In A Fiscal Federation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(4), pages 1469-1504, November. citation courtesy of

February 2004Dynamics of Labor Demand: Evidence from Plant-level Observations and Aggregate Implications
with John C. Haltiwanger, Jonathan Willis: w10297

Published: Cooper, Russell & Haltiwanger, John & Willis, Jonathan L., 2015. "Dynamics of labor demand: Evidence from plant-level observations and aggregate implications," Research in Economics, Elsevier, vol. 69(1), pages 37-50. citation courtesy of

January 2004Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions
with Hubert Kempf, Dan Peled: w10239

Published: Russell Cooper & Hubert Kempf & Dan Peled, 2008. "Is It Is Or Is It Ain'T My Obligation? Regional Debt In A Fiscal Federation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 49(4), pages 1469-1504, November.

October 2003The Cost of Labor Adjustment: Inferences from the Gap
with Jonathan Willis: w10006

Published: Cooper, Russell W. and Jonathan L. Willis. "The Cost of Labor Adjustment: Inferences from the Gap." Review of Economic Dynamics 12, 4 (October 2009): 632-647 . citation courtesy of

May 2002Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria

Published: Cooper, Russell W. "Estimation And Identification Of Structural Parameters In The Presence Of Multiple Equilibria," Eastern Economic Journal, v31(1,Winter), 2005, 107-130.

October 2001The Economics of Labor Adjustment: Mind the Gap
with Jonathan L. Willis: w8527

Published: Cooper, Russell and Jonathan L. Willis. "A Comment On The Economics Of Labor Adjustment: Mind The Gap," American Economic Review, 2004, v94(4,Sep), 1223-1237.

March 2001Exhuming Q: Market Power vs. Capital Market Imperfections
with Joao Ejarque: w8182
September 2000On the Nature of Capital Adjustment Costs
with John C. Haltiwanger: w7925

Published: Russell W. Cooper & John C. Haltiwanger, 2006. "On the Nature of Capital Adjustment Costs," Review of Economic Studies, Blackwell Publishing, vol. 73(3), pages 611-633, 07. citation courtesy of

July 2000The Dynamics of Car Sales: A Discrete Choice Approach
with Jerome Adda: w7785
March 2000Designing Stabilization Policy in a Monetary Union
with Hubert Kempf: w7607
January 1999Learning by Doing and Aggregate Fluctuations
with Alok Johri: w6898

Published: Cooper, Russell and Alok Johri. "Learning-By-Doing And Aggregate Fluctuations," Journal of Monetary Economics, 2002, v49(8,Nov), 1539-1566. citation courtesy of

November 1998Establishing a Monetary Union
with Hubert Kempf: w6791

Published: Cooper, Russel and Hubert Kempf. "Establishing a Monetary Union." International Economic Review 44 (2003): 119-142.

July 1997Financial Fragility and the Great Depression
with Dean Corbae: w6094

Published: Cooper, Russell and Dean Corbae. "Financial Collapse: A Lesson From The Great Depression," Journal of Economic Theory, 2002, v107(2,Dec), 159-190.

May 1997Balladurette and Juppette: A Discrete Analysis of Scrapping Subsidies
with Jerome Adda: w6048

Published: Adda, Jerome and Russell Cooper. "Balladurette And Juppette: A Discrete Analysis Of Scrapping Subsidies," Journal of Political Economy, 2000, v108(4,Aug), 778-806. citation courtesy of

April 1997Business Cycles: Theory, Evidence and Implications

Published: Russell W. Cooper, 1998. "Business Cycles: Theory, Evidence and Policy Implications," Scandinavian Journal of Economics, vol 100(1), pages 213-237.

July 1996Dynamic Complementarities: A Quantitative Analysis
with Alok Johri: w5691

Published: Cooper, Russel W. and Alok Johri. "Dynamic Complementarities: A Quantitative Analysis," Journal of Monetary Economics, 1997, v40(1,Sep), 97-119. citation courtesy of

September 1995Machine Replacement and the Business Cycle: Lumps and Bumps
with John Haltiwanger, Laura Power: w5260

Published: American Economic Review, Vol. 89, no. 5 (September 1999): 921-946. citation courtesy of

May 1995Financial Intermediation and The Great Depression: A Multiple Equilibrium Interpretation
with Joao Ejarque: w5130

Published: Carnegie-Rochester Conference Series on Public Policy, Vol 43 (1995), pp. 285-323. citation courtesy of

August 1994Financial Intermediation and Aggregate Fluctuations: A Quantative Analysis
with Joao Ejarque: w4819

Published: Cooper, Russell & Ejarque, Jo o, 2000. "Financial Intermediation And Aggregate Fluctuations: A Quantitative Analysis," Macroeconomic Dynamics, Cambridge University Press, vol. 4(04), pages 423-447, December. citation courtesy of

December 1993Entry and Exit, Product Variety and the Business Cycle
with Satyajit Chatterjee: w4562

Published: Satyajit Chatterjee & Russell Cooper, 2014. "Entry And Exit, Product Variety, And The Business Cycle," Economic Inquiry, Western Economic Association International, vol. 52(4), pages 1466-1484, October. citation courtesy of

Evidence on Macroeconomic Complementarities
with John Haltiwanger: w4577

Published: Review of Economics and Statistics, vol. LXXVIII, no. 1, February 1996, pp. 78-93 citation courtesy of

June 1992Autos and the National Industrial Recovery Act: Evidence on Industry Complementarities
with John Haltiwanger: w4100

Published: Quarterly Journal of Economics, Vol. 108, No. 4, 1993, pp. 1043-1071

November 1991Bank Runs: Liquidity and Incentives
with Thomas W. Ross: w3921

Published: Published as "Bank Runs: Liquidity Costs and Investment Distortions", Journal of Monetary Economics, Vol. 41, no. 1 (February 1998): 27-38.

December 1990The Aggregate Implications of Machine Replacement: Theory and Evidence
with John Haltiwanger: w3552

Published: American Economic Review, Vol. 83, No. 3, pp. 360-382 (June 1993). citation courtesy of

September 1990Participation Dynamics: Sunspots and Cycles
with Satyajit Chatterjee, B. Ravikumar: w3438

Published: "Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria" Review of Economic Studies, Vol. 60, pp. 795-811 (1993).

May 1989Macroeconomic Implications of Production Bunching
with John C. Haltiwanger: w2976

Published: Journal of Monetary Economics 30, pp. 107-127 (1992).

November 1987Inventories and the Propagation of Sectoral Shocks
with John C. Haltiwanger: w2425

Published: The American Economic Review, Vol. 80, No. 1, pp. 170-190, (March 1990). citation courtesy of

September 1987Dynamic Behavior of Imperfectly Competitive Economies with Multiple Equilibria

Published: Published as "Equilibrium Selection in Imperfectly Competitive Economieswith Multiple Equilibria", EJ, Vol. 104, no. 426 (1994): 1106-1122.

October 1986Optimal Labor Contracts, Imperfect Competition and Underemployment Equilibria: A Framework for Analysis

Published: Canadian Journal of Economics, 1989.

October 1985Sharing Some Thoughts on Weitzman's The Share Economy

Published: "Will Share Contracts Increase Economic Welfare? From The American Economic Review, Vol. 78, No. 1, (March 1988).

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