Daniel H. Cooper

photo of Daniel H Cooper
Senior Economist
Research Department
T: 617-973-4220
Daniel.Cooper@bos.frb.org
 
Primary fields of research:
Macroeconomics, consumer behavior

Daniel Cooper is a senior economist in the macroeconomics/international economics section of the research department at the Federal Reserve Bank of Boston. His main research interests include issues related to household consumption and consumer behavior. He has published research examining the borrowing collateral role of housing wealth for household consumption and consumer behavior. He has published research examining the borrowing collateral role of housing wealth for household consumption. Recently his work has focused on the economic impact of household balance sheet changes, including debt repayment, issues related to household mobility, and income inequality. Currently he is working on projects related to the effect of housing prices changes on various individual and household-level outcomes, including access to education. Cooper holds a BA in economics from Amherst College. He earned M.A. and Ph.D. degrees in economics from the University of Michigan.


  • Education
  • Work
    Experience

  • Publications

  • Presentations
  • Fellowships &
    Awards

Education

Ph.D. (Economics), University of Michigan, 2009

M.A. (Economics), University of Michigan, 2006

B.A. (Economics, summa cum laude), Amherst College, 2001 

 

Work Experience

Federal Reserve Bank of Boston
Senior Economist, 2012-
Economist, 2009 – 2012
 
Federal Reserve Bank of San Francisco
Dissertation Intern, Winter 2008
 
Board of Governors of the Federal Reserve System
Research Assistant, 2001–2004

Publications

Refereed articles

"Wealth Effects and Macroeconomic Dynamics," with Karen Dynan. Journal of Economic Surveys, forthcoming.

"Asymmetric Responses to Income Changes: The Payroll Tax Increase versus Tax Refund in 2013," with Anat Bracha. Economic Letters, forthcoming.

"House Price Fluctuations: The Role of Housing Wealth as Borrowing Collateral" Review of Economics and Statistics 95(4): 1183-1197 (October 2013).

“The S&P 500 Effect: Not So Good in the Long Run," with Geoffrey Woglom. Journal of Investing 12(4): 62-73 (Winter 2003).

Working papers and other unpublished papers

"Labor Market Exit and Re-Entry: Is the United States Poised for a Rebound in the Labor Force Participation Rate?," with Maria Jose Luengo-Prado. FRB Boston Current Policy Perspectives, no. 14-2, (2014).

"The Ins and Arounds in the U.S. Housing Market" with Rudiger Bachmann. FRB Boston Working Papers Series, paper no. 14-3 (2014).

"Asymmetric Responses to Tax-Induced Changes in Personal Income: The 2013 Payroll Tax Hike Versus Anticipated 2012 Tax Refunds", with Anat Bracha. FRB Boston Public Policy Brief, brief no. 13-4 (2013).

"The Effect of Unemployment Duration on Future Earnings and Other Outcomes." FRB Boston Working Paper Series no. 13-8 (2013).

"Changes in U.S. Household Balance Sheet Behavior after the Housing Bust and Great Recession: Evidence from Panel Data." FRB Boston Public Policy Discussion Paper Series no. 13-6 (2013).

"Wealth Shocks and Macroeconomic Dynamics" with Karen Dynan. FRB Boston Public Policy Discussion Paper Series no. 13-4 (2013).

"Cyclical and Sectoral Transitions in the U.S. Housing Market," with Rudiger Bachmann. FRB Boston Working Papers Series no. 12-17 (2012).

"U.S. Household Deleveraging: What do the Aggregate and Household Data Tell Us?" FRB Boston Public Policy Brief Series no. 12-2 (2012).

"Quantifying the Role of Federal and State Taxes in Mitigating Income Inequality" with Byron F. Lutz and Michael G. Palumbo. FRB Boston Public Policy Discussion Paper Series no. 11-7 (2011).

"House Price Growth When Kids are Teenagers: A Path to Higher Intergenerational Achievement?" with Maria Jose Luengo-Prado. FRB Boston Working Paper Series no. 11-6 (2011).

"Imputing Household Spending in the Panel Study of Income Dynamics: A Comparison of Approaches." FRB Boston Working Paper Series no. 10-12 (2010).

"Impending U.S. Spending Bust? The Role of Housing Wealth as Borrowing Collateral." FRB Boston Public Policy Discussion Paper Series, no. 09-9 (2009).

“Impending Spending Bust? The Role of Housing Wealth as Borrowing Collateral." job market paper, (2009).

Did Easy Credit Lead to Overspending? Home Equity Borrowing and Household Behavior in the Early 2000s." FRB Boston Public Policy Discussion Paper Series, no. 09-7 (2009).

“The Collateral Value of Illiquid Wealth: Home Equity Borrowing and Households' Precautionary Saving Motive." Working paper.

Presentations

“Impending Spending Bust? The Role of Housing Wealth as Borrowing Collateral." Northeastern University; Federal Reserve Board of Governors; Federal Reserve Bank of Boston; Federal Reserve Bank of Dallas; U.S. Census Bureau; U.S. Treasury Department; USDA Economics Research Service; FDIC, 2009. Michael Beauregaurd Seminar in Macroeconomics, University of Michigan, 2008.

“Did Easy Credit Lead to Economic Peril? Home Equity Borrowing and Household Behavior in the Early 2000s." QSPS Workshop; University of Michigan Macro Lunch, 2009.

“The Collateral Value of Illiquid Wealth: Home Equity Borrowing and Households' Precautionary Saving Motive." Econometric Society North American Summer Meetings, 2008. Society for Computational Economics Summer Meetings, 2007.

Fellowships & Awards

National Institute of Aging Training Fellowship, Population Studies Center, University of Michigan, 2005-2006; 2007-2009.

Rackham Travel Grant, Rackham Graduate School, University of Michigan, 2007, 2008.

Regents Fellowship, Rackham Graduate School, University of Michigan, 2004-2005.

Summer Research Award, Economics Department, University of Michigan, 2005.

Bernstein Prize for Excellence in Economics, Amherst College, 2001.

Phi Beta Kappa, Amherst College, 2000.

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