Thomas F. Cooley is the Paganelli‐Bull Professor of Economics at the Leonard N. Stern School of Business at New York University, as well as a Professor of Economics in the NYU Faculty of Arts and Science. He served as Dean of the Stern School from 2002 to January 2010. He is a widely published scholar in the areas of macroeconomic theory, monetary theory and policy and the financial behavior of firms. He has been a senior advisor and member of the Board of Managers of Standard & Poors since December 2010.