Robert

R.

Reed

, III

Professor of Economics

Eubanks Professor of Real Estate and Professional Services

Economics, Finance, & Legal Studies

Robert Reed headshot

Area of Expertise

Research Interests

Education

Ph.D., Economics, Pennsylvania State University, 1998

Selected Publications

1. “Gross Capital Inflows, the U.S. Economy, and the Response of the Federal Reserve,” (with A. Harrison). Forthcoming, Journal of International Money and Finance.

2. “Capital Controls, Banking Competition, and Monetary Policy” (with E. Ghossoub and A. Harrision). Forthcoming, Economic Inquiry.

3. “Banking Concentration, Financial Openness, and Financial Development,” (with E. Ghossoub and A. Harrison). Forthcoming, Contemporary Economic Policy.

4. “International Capital Flows, Liquidity Risk, and Monetary Policy,” (with A. Harrison). Forthcoming, Journal of Macroeconomics.

5. “Capital Flows to Developing Countries: Implications for Monetary Policy Across the Globe,” (with A. Harrison). Forthcoming, Review of International Economics.

6. “Preventing Bank Panics: The Role of the Regulator’s Preferences,” (with J. Gao). Canadian Journal of Economics (May 2023).

7. “The Size Distribution of the Banking System and Financial Fragility,” (with J. Gao, Zhongnan University of Economics and Law). Journal of Money, Credit and Banking (April 2023).

8. “Cryptocurrency, Security, and Financial Intermediation,” (with N. Glenn, University of Akron). Journal of Money, Credit and Banking (February 2023).

9. “Housing and the Labor Market.” Oxford Research Encyclopedia of Economics and Finance (May 2022).

10. “Sunspot Bank Runs and Fragility: The Role of Financial Sector Competition,” (with J. Gao, Zhongnan University of Economics and Law). European Economic Review (October 2021).

11. “Banking Competition, Monetary Policy, and Interest on Reserves,” (with E. Ghossoub, University of Texas–San Antonio). Economic Inquiry (April 2021): 671-695.

12. “Housing, Liquidity Risk, and the Effects of Monetary Policy,” (with E. Ume, Miami University). Journal of Macroeconomics (June 2019): 138-162.

13. “Banking Competition, Production Externalities, and the Effects of Monetary Policy,” (with E. Ghossoub, University of Texas-San Antonio). Economic Theory (February 2019): 91-154.

14. “Monetary Policy and Investment Dynamics: Evidence from Disaggregate Data,” (with Greg Givens, University of Alabama). Journal of Money, Credit and Banking (December 2018): 1851-1878.

15. “Mortgage Recourse Provisions and Housing Prices,” (with A. LaRue, University of Alabama and E. Ume, Miami University). Regional Science and Urban Economics (November 2018): 99-111.

16. “Financial Development, Income Inequality, and the Distributional Effects of Monetary Policy,” (with E. Ghossoub, University of Texas-San Antonio). Journal of Development Economics (May 2017): 167-189.

17. “Human Capital Investment under Quasi-Geometric Discounting,” (with K. Boulware, Wesleyan University and E. Ume, Miami University-Ohio). Economics Bulletin (November 2016): 1986-1992.

18. “Free Trade Agreements and Foreign Direct Investment: The Role of Endogeneity and Dynamics,” (with C. Lira and J. Lee, University of Alabama, and B. Lee, Economic Research Institute, Korea). Southern Economic Journal (July 2016): 176-201.

20. “Heterogeneous Returns to Knowledge Exchange: Evidence from the Urban Wage Premium,” (with C. Cunningham, Federal Reserve Bank of Atlanta and M. Patton, U.S. Census Bureau). Journal of Economic Behavior and Organization (June 2016): 120-139.

21. “Housing and Unemployment: The Search for the ‘American Dream’,” (with E.J. Ume, Miami University-Ohio). Journal of Macroeconomics (June 2016): 72-86.

22. “The Size Distribution of the Banking Sector and the Effects of Monetary Policy,” (with E. Ghossoub). European Economic Review (April 2015): 156-176.

23. “The Cost of Capital, Asset Prices, and the Effects of Monetary Policy,” (with E. Ghossoub, University of Texas at San Antonio). Journal of Macroeconomics (December 2014): 211-228.

24. “The Effects of Aging on U.S. FDI,” (with R. Davies, University College Dublin) in L. Brennan (ed.), Enacting Globalization: Multidisciplinary Perspectives on International Integration, London: Palgrave Macmillan, 2013, 183-213.

25. “Negative Equity and Wages,” (with C. Cunningham, Federal Reserve Bank of Atlanta). Regional Science and Urban Economics (November 2013): 841-849. (Lead Article)

26. “Time Inconsistency and the Long-Run Effects of Inflation,” (with K. Boulware, Wesleyan University, and E. Ume, Miami University (Oxford, Ohio)). Economics Letters (August 2013):

267-270.

27. “The Stock Market, Monetary Policy, and Economic Development,” (with E. Ghossoub, University of Texas at San Antonio). Southern Economic Journal (January 2013): 639-658.

28. “The Effects of Monetary Policy at Different Stages of Economic Development,” (with E. Ghossoub). Economics Letters 117 (October 2012): 138-141.

29. “The Role of Financial Sector Competition for Monetary Policy,” (with E. Ghossoub, University of Texas at San Antonio, and T. Laosuthi, Kasetsart University, Thailand). Canadian Journal of Economics 45 (February 2012): 270-287.

30. “Liquidity Risk, Economic Development, and the Effects of Monetary Policy,” (with E. Ghossoub, University of Texas at San Antonio). European Economic Review 54 (February 2010): 252-268.

31. “Regional External Economies and Economic Growth under Asymmetry,” (with D. Holod, State University of New York at Stony Brook). Southern Economic Journal 75 (April 2009): 1123-1140.

32. “Money and Risk Sharing,” (with C. Waller, Federal Reserve Bank of St. Louis). Journal of Money, Credit, and Banking (September 2006): 1599-1618.

33. “Knowledge Exchange, Matching, and Agglomeration,” (with Marcus Berliant, Washington University, St. Louis and Ping Wang, Washington University, St. Louis). Journal of Urban Economics 60 (July 2006): 69-95.

34. “Decentralized International Exchange,” (with K. Trask, The Services Group). Canadian Journal of Economics 39 (May 2006): 516-543.

35. “Social Security and Intergenerational Redistribution,” (with J. Bhattacharya, Iowa State University) in H. Bunzel, B.J. Christensen, G.R. Neumann and J.M. Robin (eds.), Structural Models of Wage and Employment Dynamics, Amsterdam: Elsevier Press, 2006, 183-213.

36. “Money and Specialization in a Neoclassical Growth Model,” (with E. Ghossoub, University of Texas at San Antonio). Journal of Money, Credit, and Banking 37 (October 2005): 569-575.

37. “Labor Market Search and Optimal Retirement Policy,” (with J. Bhattacharya, Iowa State University and C.B. Mulligan, University of Chicago). Economic Inquiry 42 (October 2004):560-571. Selected by the Economic Inquiry Editorial Board as Recipient of the 2005 Best Article Award.

38. “Regional Spillovers, Economic Growth, and the Effects of Economic Integration,” (with D. Holod, State University of New York at Stony Brook). Economics Letters 85 (October 2004): 35-42.

39. “Jack of All Trades or a Master of One? Specialization, Trade, and Money,” (with G. Camera, Chapman University and C. Waller, Board of Governors of the Federal Reserve System.) International Economic Review 44 (November 2003): 1275-1294.

40. “Can Monetizing Trade Lower Welfare? An Example,” (with G. Camera, Chapman University and C. Waller, Board of Governors of the Federal Reserve System.) Economics Letters 81 (November 2003): 179-186.

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