Head
David E COOK
Acting Head Professor
davcook@ust.hk
CV
David E COOK

Research Interests

  • Macroeconomics and Monetary economics
  • International macroeconomics

Academic QualifIcation

  • Ph.D. 1996 University of Wisconsin-Madison
  • M.Sc. 1993 University of Wisconsin-Madison
  • B.A.   1988   University of Southern California

Academic and Professional Experience

  • Professor of Economics, Hong Kong University of Science and Technology (HKUST), 2014-
  • Associate Professor of Economics, Hong Kong University of Science and Technology (HKUST), 2002-2014
  • Assistant Professor of Economics, Hong Kong University of Science and Technology (HKUST), 1996-2002

Publications

Articles
  • David Cook and Michael B. Devereux, 2016, “The Optimal Currency Area in a Liquidity Trap.” Journal of International Economics
  • David Cook and Juanyi Xu, 2015, “Eurosclerosis and International Business Cycles, Journal of International Economics
  • David Cook and James Yetman, 2013, “Currency boards when interest rates are zero,” Pacific Economic Review, Forthcoming.
  • David Cook and Michael B. Devereux "Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap," American Economic Journal: Macroeconomics. Vol. 5, No. 3, July, 2013, pages 190-228.
  • Choi, Woon Gyu and David Cook, "Fire sales and the financial accelerator," Journal of Monetary Economics, Vol. 59, No. 4, May, 2012, pages 336-351.
  • Cook, David and Michael B. Devereux, “Global vs. Local Liquidity Traps,” Seoul Journal of Economics. Vol. 24, No. 4, November, 2011, pages 471-93.
  • Cook, David and Michael B. Devereux, “Cooperative Fiscal and Monetary Policy at the Zero Lower Bound,” Journal of the Japanese and International Economy Vol. 25, No. 4, December 2011, pages 465-486.
  • David Cook, "Markups and the Euro," The Review of Economics and Statistics, Vol. 93, No. 4, June, 2011, pages 1440-1452.
  • Cook, David and Michael B. Devereux "Optimal fiscal policy in a world liquidity trap," European Economic Review, Vol. 55, No. 4, May, 2011, pages 443-462.
  • Cook, David, “The puzzling dual of the uncovered interest parity puzzle evidence from Pacific Rim capital flows” International Review of Economics and Finance,Vol. 18. No. 8, June 2009, pages 449-456.
  • Timothy Chue and David Cook, “Sudden Stops and Liability Dollarization: Evidence from Asia's Financial Intermediaries,” Pacific Basin Finance Journal. Vol. 16, No. 4, September, 2008, pages 436-452.
  • Timothy Chue and David Cook, “Emerging Market Exchange Rate Exposure,” Journal of Banking and Finance, Vol. 32, No. 7, July, 2008, pages 1349-1362.
  • David Cook and Michael B. Devereux, "Accounting for the East Asian Crisis: A Quantitative Model of Capital Outflows in Small Open Economies," Journal of Money, Credits, and Banking Volume 38, Number 3, April 2006
  • David Cook and Michael B. Devereux, "External Currency Pricing and the East Asian Crisis," Journal of International Economics, Volume 69, Issue 1, June, 2006, Pages 37-63
  • David Cook and Michael B. Devereux, "Capital Flows, Discretionary Fiscal Policy and Exchange Rate Policy", European Economics Review, Volume 50, Issue 8, November, 2006, Pages 1975-1992
  • David Cook " Experience and Growth" Economics Letters. 85 (1) October 2004, Pages 53-56
  • David Cook "Monetary Policy in Emerging Markets: Can Liability Dollarization Explain Contractionary Devaluations?" Journal of Monetary Economics 51(6), September 2004, Pages, 1155-1181
  • Woon Gyu Choi and David Cook, "Liability Dollarization and the Bank Balance Sheet Channel, " Journal of International Economics 64(2), December 2004
  • David Cook and Michael B. Devereux, "Malaysian Capital Controls: Effectiveness and Side Effect," Asian Economic papers, 1(1), Winter 2002 Pages 49-82.
  • "World War II and Convergence" Review of Economics and Statistics Vol. 84, Issue 1 February 2002. pages 131-138.
  • David Cook "Market Entry and International Propagation of Business Cycles," Journal of International Economics, Volume, 56, Issue 1, January 2002 pp. 155-175
  • David Cook "Time to Enter and Business Cycles", Journal of Economic Dynamics and Control 25 (8) August 2001 pp. 1241-1261
  • David Cook "The Liquidity Effect and Money Demand", April 1999 Journal of Monetary Economics, 43(2), April 1999, pages 377-90.
  • David Cook "Intertemporal Externalities and the Liquidity Effect," September 1999, Macroeconomic Dynamics 3(3), September 1999, pages 368-83.
Book Chapter

Woon Gyu Choi and David Cook, Stock market Liquidity and the Macroeconomy:  Evidence from Japan, " in T. Ito and A. Rose eds. Monetary Policy with Very Low Inflation in the Pacific Rim, University of Chicago press 2006.

Conference Proceedings/Papers
  • Timothy Chue and David Cook, " Emerging Market Exchange Rate Exposure" Far Eastern Meetings of the Econometric Society July 8-9, Tsinghua University, Beijing, China
  • "Markups and Eruo" Conference on "International Financial Markets and the Macroeconomy, July 12-13, at the Hong Kong Institute for Monetary Research at HKMA.
  • "Dual labor Markets and Business Cycles." Center for Pacific Basin Studies Pacific Rim Conference, San Francisco Federal Reserve June 2006
  • "Dual Labor Markets and the Business Cycles," Canadian Macro Study Group, Vancouver, B.C.. November 2006
  • "Robust Control and the Small Open Economy," Presented at the Society of Economic Dynamics Summer Meeting in Stockholm, Sweden in June 2001.
  • "Malaysian Capital Controls: Effectiveness and Side Effects, " Presented at the Asian Economic Panel Symposium in Cambridge, Massachusetts, April 2001.
  • Liability Dollaziation and Stability: Monetary Policy and Foreign Currency Debt," presented tat the 2001 North American econometrics Society Winters Meetings in New Orleans, Louisiana in January, 2001
  • "The Macroeconomic Effects of International Financial Panics," (joint with Michael B. Devereux) presented at the National Bureau of Economic Research at the University Research Conference on Boston, Massachusetts, December, 2000
  • "Capital Market Panics, Exchange Rate Depreciation, and Economic Collapse", presented at the Canadian Macro Study Group in London, Ontario (with Michael B. Devereux)
  • "Export Dynamics and Credit Markets", presented at the North American Summer Meetings of the Econometric Society in Madison, Wisconsin, June 1999
  • "Fiscal Policy and International Demand Spillovers", presented at Dynamics, Economic Growth and International Trade III: An International Conference in Taipei, August 1998
  • "Counter-cyclical markups and the open economy", accepted for presentation at the 1998 North American Econometric Society Winter Meetings
  • "Intertemporal externalities and the liquidity effect", presented at the 1997 North American Econometric Society Winter Meetings

Journal Services

Referee

American economic Review, Economic Inquiry Economic Journal, Economica, Journal of Applied Econometrics, Journal of Business and Economic Statistics, Journal of Development Economics, Journal of Human Resources, Journal of International Economics, Journal of Macroeconomics, Journal of Money, Credit and Banking, Pacific Economics Review, Review of Economics and Statistics, and Economics of Transition. 
Associate Editor; Journal of International Economics, 2005

Community service

Local Member, Advisory Committee for the Hong Kong Institute of Monetary Research, Hong Kong Monetary Authority.