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 research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, ...

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

. 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 Titles * ...

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 (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

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

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

Biography

Responding to the financial crisis of fall 2008, 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 (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...

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

Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute () (RPI) is a private research university in Troy, New York, with an additional campus in Hartford, Connecticut. A third campus in Groton, Connecticut closed in 2018. RPI was established in 1824 by Stephen Va ...

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

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private university, private research university in Rochester, New York. The university grants Undergraduate education, undergraduate and graduate degrees, including Doctorate, do ...

, 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, California with 23,196 undergraduates and 2,983 graduate students enrolled in 2021–2022. It is part of the Un ...

. 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. He also holds a doctorem honoris causa from the

Stockholm School of Economics The Stockholm School of Economics (SSE; sv, Handelshögskolan i Stockholm, 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 wit ...

. Prior to his academic career, Cooley was a systems engineer for IBM Corporation. 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 to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...

. Cooley was a member of the

Council of Foreign Relations The Council on Foreign Relations (CFR) is an American think tank specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York City ...

. He also wrote a weekly column for

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

.com.

References

External links

NYU Stern BiographyNYU Dean's WebsiteForbes ArticlesVoxEU articles
{{DEFAULTSORT:Cooley, Thomas F. 1943 births 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