Browsing ECO Working Papers by Author "COOPER, Russell"

DSpace/Manakin Repository

Browsing ECO Working Papers by Author "COOPER, Russell"

Sort by: Order: Results:

  • Icon
    Title: Exit from a Monetary Union through Euroization: Discipline without chaos  Author(s): COOPER, Russell Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the role of exit from a monetary union during a debt crisis. A monetary union, such as the European Monetary Union, needs to establish a procedure for exit as a tool to cope with debt default. The paper ...
  • Icon
    Title: Deposit Insurance without Commitment: Wall St. versus Main St.  Author(s): COOPER, Russell; KEMPF, Hubert Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But ...
  •  
    Title: Consumption Smoothing and Portfolio Rebalancing: The effects of adjustment costs  Author(s): BONAPARTE, Yosef; COOPER, Russell; ZHU, Guozhong Date: 2011 Type of Publication: Working Paper Series/Report no.: NBER Working Paper Abstract: This paper studies the dynamics of portfolio rebalancing and consumption smoothing in the presence of non-convex portfolio adjustment costs. The goal is to understand a household's response to income and return shocks. The ...
  • Icon
    Title: Insulation Impossible: Fiscal Spillovers in a Monetary Union  Author(s): COOPER, Russell; KEMPF, Hubert; PELED, Dan Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies fiscal spillovers in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are ...
  • Icon
    Title: Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application  Author(s): COOPER, Russell; HALTIWANGER, John; WILLIS, Jonathan L. Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies capital adjustment at the establishment level. Our goal is to characterize capital adjustment costs, which are important for understanding both the dynamics of aggregate investment and the impact of ...
  •  
    Title: Dynamic Labor Demand in China: Public and private objectives  Author(s): COOPER, Russell; GONG, Guan; YAN, Ping Date: 2010 Type of Publication: Working Paper Series/Report no.: NBER Working Paper Abstract: This paper studies dynamic labor demand of private and state-controlled manufacturing plants in China. A goal of the paper is to characterize adjustment costs for these plants. As our sample includes private and state-controlled ...
  • Icon
    Title: Rationalizing Trading Frequency and Returns  Author(s): BONAPARTE, Yosef; COOPER, Russell Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Barber and Odean (2000) study the relationship between trading frequency and returns. They find that households who trade more frequently have a lower net return than other households. But all households have about the ...
  • Icon
    Title: Costly Portfolio Adjustment  Author(s): BONAPARTE, Yosef; COOPER, Russell Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies the dynamic optimization problem of a household when portfolio adjustment is costly. The analysis is motivated by the observation that on a monthly basis, less than 10% of stockholders typically adjust ...