Cooper Howes

Publications

[3] Bank Information Production Over the Business Cycle, Review of Economic Studies (forthcoming)

With Gregory Weitzner

[2] Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment, Review of Economics and Statistics (2025) 

• [PDF] [Online appendix] [Replication materials]

• [Also available as KC Fed Research Working Paper 21-06] [Coverage: NEP-DGE blog post]

[1] Why Does Structural Change Accelerate in Recessions? The Credit Reallocation Channel, Journal of Financial Economics (2022)

• • [PDF] [Online appendix]

  • [Also available as  KC Fed Research Working Paper 20-17]  [Coverage: Speech by Boston Fed President Susan Collins] 

Working papers

The Information Advantage of Banks: Evidence From Their Private Credit Assessments 

With Mehdi Beyhaghi and Gregory Weitzner

• Revise and resubmit at Journal of Finance

Financial Deepening, Investment Producers, and the Great Moderation

With Neil White

Money and Power

With Joshua Blonz and Joakim Weill

• [SSRN]

Financial Constraints and Employment Dynamics following Natural Disasters

With Johannes Matschke and Jordan Pandolfo

Expected Liquidation Values

With Mehdi Beyhaghi and Gregory Weitzner

• [SSRN]

The Aggregate Effects of Targeted Tax Cuts

Work in progress

What Do We Learn from Reading Every FOMC Transcript? (With Olivier Coibion, Marc Dordal i Carreras, and Yuriy Gorodnichenko)  [Slides]

Tax Shocks and Financial Heterogeneity (With Choongryul Yang)

Non-refereed publications

Monetary Policy and Intangible Investment (With Alice von Ende-Becker), Federal Reserve Bank of Kansas City Economic Review  (2022)

Inflation in 1972: A Cautionary Tale, Federal Reserve Bank of Kansas City Economic Bulletin (2022)

Barclays Research reports on student loans (available upon request)

• The Dark Side of "Good" Debt (2012), An Educated Mess (2012), A Closer Look at the Great Rate Debate (2013)

• Media coverage: New York Times, Politico, Reuters