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Harold L. Cole

Harold Cole is professor of economics at the University of Pennsylvania and coauthor of New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis (Journal of Political Economy, 2004).

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Recent Commentary

Analysis and Commentary

Notable & Quotable: On FDR And The Depression

by Lee Ohanian, Harold L. Colevia The Wall Street Journal
Thursday, January 28, 2016

Roosevelt’s policies prolonged the Depression: ‘We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.’

Fiscal responsiblity

Stimulus and the Great Depression

by Lee Ohanian, Harold L. Colevia Hoover Digest
Monday, January 23, 2012

Neither the New Deal nor the war pulled the economy out of its worst crisis. What did? Wiser policies. By Lee E. Ohanian and Harold L. Cole.

Analysis and Commentary

Stimulus and the Depression: The Untold Story

by Lee Ohanian, Harold L. Colevia Wall Street Journal
Monday, September 26, 2011

The U.S. doesn't need another war to revive the economy. We need a policy turnaround like the one in the late 1930s...