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Ryan
R. Brady Department of Economics US Naval Academy 589 McNair Rd Annapolis, MD 21402 410-293-6883 |
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Appointments Associate Professor, USNA 2010 - present Assistant Professor, USNA 2006 - 2010 Visiting Assistant
Professor, USNA 2005 - 2006 Education The University of
California, Davis, PhD (2005), Economics. The University of
California, Davis, M.A. (2001), Economics Western Washington
University, B.A. (1999), Economics. Research and Teaching Interests Monetary Economics, Credit
and Financial Markets, Housing Markets, Consumption, Applied Econometrics |
Published Papers* Aysun, Uluc,
Brady, Ryan R, and Adam Honig (2013) “Financial
Frictions and the Strength of Monetary Transmission” Journal of
International Money and Finance,
32 (February), 1097-1119. Brady, RR and Stimel, DS (2011) “How the Housing and Financial Wealth Effects Have Changed over Time,” The B.E. Journal of Macroeconomics: Vol. 11: Iss. 1 (Topics), Article 28. Brady, RR (2011) “Measuring the diffusion of housing prices across space and over time,” Journal of Applied Econometrics, 26, 2 (March), 213-231. Brady, RR (2011) “Consumer Credit, Liquidity, and the Transmission Mechanism of Monetary Policy,” Economic Inquiry,
49, 1 (January), 246-263. Brady,
RR, and VA Greenfield (2010) “Competing
Explanations of U.S. Defense Industry Consolidation in the 1990s and Their
Policy Implications,” Contemporary Economic Policy, 28, 2
(April), 288-306. Brady, RR (2008) “Structural Breaks and Consumer Credit: Is Consumption Smoothing finally a Reality?” Journal of Macroeconomics, 30, 1246-1268. *Click here for data, programs and Appendices supporting these
papers. Current Research (i) “The Spatial Diffusion of Regional Housing Prices across U.S. States” Working Paper and associated Appendix (ii) “A Time Series Test of the Direct Wealth Effect” (with Derek Stimel and Steven Sumner) (iii) “Debt Contagion in Europe: A Panel-VAR Analysis” (with Florence Bouvet and Sharmila King) (iv) “Price Asymmetries in the Midwest U.S. Gasoline Supply Chain” (with Philip B. Thompson and Gary Peng-Liang
Tan) preliminary paper in progress (v) “A Time-Series Analysis of the Effect of Shocks to the U.S. Economy on Defense Spending” preliminary paper in progress Work in various stages of progress (i) “Credit Unions, Commercial Banks, and Finance Companies: Regulation and Consumer Lending over time” (with Derek Stimel) (ii) “The frequency and intensity of cyber-attacks over space and time” (with Darrell J. Glaser). (Abstract) (iii) “Factors Influencing the Scope and Duration of Cyber-Attacks” (co-authored with Darrell J. Glaser). (Abstract) (vii) “Credit Card Liquidity” Abstract (Working paper available upon request) |
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Updated May 2013 |
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Appendices, Data, Working Papers and related
Materials 1. “How the Housing and Financial Wealth Effects have changed over Time,” (with Derek Stimel) See here for the USNA Working paper #2011-31; and here for the appendix to the working paper. The published version has more detailed discussion on the break test results (and their context with respect to recent economic history). See here for the updated appendix for the published version of the paper. 2. “Measuring the
diffusion of housing prices across space and over time.” The 2008 working paper version can be found here. Note, an older (rough) version circulated under a different title: “Measuring the persistence of spatial autocorrelation: How long does the spatial connection between housing markets last?” Data Files Contains excel files of “raw” data and text files and programs used with Gauss to sort and transform the data. A Matlab m-file providing a step-by-step guide to estimate the spatial IRFs can be downloaded here. 3. “Consumer
Credit, Liquidity, and the Transmission Mechanism of Monetary Policy” 2008 Working Paper version can be found here. This version includes quarterly data. A series of robustness checks are provided here (referenced in both versions). 4.
“Competing Explanations of U.S. Defense Industry Consolidation in the
1990s and Their Policy Implications” Click here for the earlier working paper version. 5.
“Financial Frictions and the Strength of Monetary Transmission” Click here for an
earlier working paper version. |