Thomas Ferguson Cooley (January 3, 1943 – October 10, 2021) was the Paganelli-Bull Professor of Economics at the

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

Stern School of Business The Leonard N. Stern School of Business (also NYU Stern, Stern School of Business, or simply Stern) is the business schools, business school of New York University, a private university, private research university based in New York City. Founded ...

. He served as

Dean Dean may refer to: People * Dean (given name) * Dean (surname), a surname of Anglo-Saxon English origin * Dean (South Korean singer), a stage name for singer Kwon Hyuk * Dean Delannoit, a Belgian singer most known by the mononym Dean * Dean Sw ...

of the Stern School from 2002 to January 2010. He was also a professor of economics in the NYU Faculty of Arts and Science.NYU Stern Biography
Cooley was a widely published scholar in the areas of

macroeconomic theory Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/ GDP ...

monetary theory Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions (as medium of exchange, store of value, and unit of account), and it considers how ...

and policy, and the financial behavior of firms. He has authored more than 100 scholarly articles on economics and statistics and frequently wrote opinion pieces for a variety of economic and business publications.

Biography

Responding to the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, he spearheaded a research and policy initiative that yielded 18 white papers by 33 NYU Stern professors, published as Restoring Financial Stability: How to Repair a Failed System, (Wiley, 2009). Together with Stern colleagues he edited and wrote a second book, Regulating Wall Street, The New Architecture of Global Finance, which was published by Wiley in 2010. His book, Understanding Business Cycles, Princeton University Press 1995, is a widely cited reference on macroeconomic fluctuations. Cooley was a research associate of the National Bureau of Economic Research and a member of the Council on Foreign Relations. He is also the former president of the Society for Economic Dynamics, a Fellow of the Econometric Society, holds an honorary doctorate from the Stockholm School of Economics and was a National Science Foundation Fellow. In the corporate sector, Cooley has been a senior advisor and member of the board of managers of Standard & Poors, served on the board of directors of Thornburg Mortgage and has been an advisor to Ameriprise and eTrade Securities. Cooley received his Ph.D., and M.A. in economics from

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

. He received his B.S. in engineering science from

Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute (; RPI) is a private university, private research university in Troy, New York, United States. It is the oldest technological university in the English-speaking world and the Western Hemisphere. It was establishe ...

. Before joining Stern, he was a professor of economics at the

University of Rochester The University of Rochester is a private university, private research university in Rochester, New York, United States. It was founded in 1850 and moved into its current campus, next to the Genesee River in 1930. With approximately 30,000 full ...

, University of Pennsylvania, and

UC Santa Barbara The University of California, Santa Barbara (UC Santa Barbara or UCSB) is a public land-grant research university in Santa Barbara County, California, United States. Tracing its roots back to 1891 as an independent teachers college, UCSB joined ...

. At University of Rochester, he received numerous Superior Teaching Awards from the Simon School of Business and the Rochester-Erasmus Executive MBA Program. Prior to his academic career, he was a systems engineer for

IBM Corporation International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is a publicly traded company ...

. He also holds a doctorem honoris causa from the

Stockholm School of Economics The Stockholm School of Economics (SSE; , HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with PhD- and Executive education progr ...

. Prior to his academic career, Cooley was a systems engineer for

. Before joining NYU Stern, Cooley was a professor of economics at the

, and

. He was also the former president of the Society for Economic Dynamics and a Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians o ...

. Cooley was a member of the

Council of Foreign Relations A council is a group of people who come together to consult, deliberate, or make decisions. A council may function as a legislature, especially at a town, city or county/shire level, but most legislative bodies at the state/provincial or nation ...

. He also wrote a weekly column for

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

.com.

References

External links

NYU Stern BiographyNYU Dean's WebsiteForbes ArticlesVoxEU articles
{{DEFAULTSORT:Cooley, Thomas F. 1943 births 2021 deaths New York University Stern School of Business faculty Rensselaer Polytechnic Institute alumni University of Pennsylvania alumni 21st-century American economists Fellows of the Econometric Society 20th-century American economists