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Tony Bryant

Photo of Tony Bryant
  • Title: Associate Professor
  • Position: Associate Professor of Economics - Department of Economics
  • Qualifications: Bachelor of Arts (Honours) Australian National University, Doctor of Philosophy University of Western Sydney, Advanced Certificate in Counselling

Contact Details

Profile

The history of the human race is a history of suffering. With this in mind, Economics sets itself the task of designing and critiquing economic institutions and policy interventions with the aim of alleviating suffering and promoting the welfare of all sentient beings on the planet.

General Equilibrium Theory and Game Theory, widely regarded as the centerpieces of theoretical economics, are the natural contexts in which such design exercises can be undertaken.

Tony Bryant is an Associate Professor with the Department of Economics who has for many years worked on, and studied, General Equilibrium Theory and Game Theory. These areas of economics are complex and highly mathematical. He has published some outstanding papers in very good journals. These have been highly regarded as making a major contribution to understanding the properties and operation of market economies. Tony's recent book, General Equilibrium: Theory and Evidence, World Scientific and Imperial College Press (ISBN-13 978-981-281-834-8), was published in 2010. It contains a careful and extended discussion of the foundations of GE, foundations that are sometimes overlooked in the rush to reach general conclusions about market efficiency.

Professional Certifications:

  • Advanced Certificate in Counselling with

Education

  • Doctor of Philosophy: (University of Western Sydney)
  • Bachelor of Arts (Honours): Economics (Australian National University)

Current projects

  • Advanced Microeconomics: Theory, Applications, Tests (scheduled for publication in 2013); 
  • "More on contraction mappings and uniqueness of equilibrium in global games";
  • "The renormalization group approach to stock and financial market crashes";
  • "Persistent Disequilibrium and price adjustment with externalities;"
  • "Equilibrium via the Slutsky equation";
  • "Consumer sentiment and macrodynamics using a Hansen-Sargent robustness approach";
  • (with Roger Tonkin) "Fuzzy logic and investment modelling";
  • (with Ron Ripple) "Buffer stocks and speculation".

Research areas

  • General equilibrium theory;
  • Game theory;
  • Applied Macroeconomics;
  • Economics and Mathematics Education.

Publications

journal toggle icon open Refereed Journal Articles

  • (with Roselyne Joyeux), "Interest linkages between the US, UK and German interest rates: Should the UK join the European Monetary Union?", International Review of Applied Economics, 24(6), November 2010, 633-47.
  • (with Joseph Macri), "Does sentiment explain consumption?" Journal of Economics and Finance, 29(1), 2005, 97-111.
  • "Conditions for the existence of market equilibrium", Journal of Economic Education, Summer, 28(2), 1997, 230-54.
  • "Misinterpretations of the second fundamental theorem of welfare economics", Journal of Economic Education, 25(1), 1994, 75-80.
  • "Non-nested Tests of New Classical vs Keynesian Models: Further Evidence", Applied Economics, 23(2), 1991, 385-90.

books toggle icon open Books

  • General Equilibrium: Theory and Evidence, World Scientific and Imperial College Press (ISBN-13 978-981-281-834-8), 2010.

chapters toggle icon open Book Chapters

  • (with David Throsby), "Creativity and the behavior of artists" in Ginsburgh,V. and Throsby C. D. (eds.), Handbook of the Economics of Art and Culture, Amsterdam: Elsevier/North- Holland, 2006.
  • "Commentary on 'Stability' by Trout Rader" in Economies With No Special Technology: Posthumous Essays and Selected Articles of J.T. Rader, (eds.) Gossling W. F. and T. Rader, Input-Output Publishing Company, Newcastle-Upon-Tyne, 1996, 120-24.
  • "Is Economic Policy Possible?" in Hooke, G. and Reilly, R. (eds.), Australian Macroeconomic Policy, Allen and Unwin, 1991, 1-42.

conference toggle icon open Conferences and Presentations

  • 2010 (with Roselyne Joyeux) "Interest Linkages between the US, UK and German Interest Rates: Should the UK Join the EMU?", 17th Annual Conference of the Multinational Finance Society, Melia Barcelona Hotel, 27-30 June; 
  • 2010 (with Roselyne Joyeux) "Interest Linkages between the US, UK and German Interest Rates: Should the UK Join the EMU?", INFINITI Conference on International Finance, Trinity College Dublin, 14-15 June;
  • 2009 (with Roselyne Joyeux) "Interest Linkages between the US, UK and German Interest Rates: A Test of the German Dominance Hypothesis", Annual London Conference on Money, Economy and Management, Imperial College, London, 9-10 July;
  • 2007 "Irreducibility, Taxes and the Existence of Equilibrium", Public Economic Theory Conference, Vanderbuilt University, 6-8 July;
  • 2005 "Redistribution and Welfare Reconsidered", Institut D'Economie Publique, 4th Journées Louis-André Gérard-Varet;
  • 2004 (with D. Throsby) "Creativity and the Behaviour of Artists & Authors", The Economics of Art and Culture Conference at Princeton University, organized by North Holland Press, 10-12 September;
  • 2004 "On the probability of voluntary transfers", Public Economic Theory Conference in Beijing, 25-29 August;
  • 2004 "Coherence, chaos and starvation: what does it take to make market economies work?" Cambridge University Political Economy Seminar, 12 May;
  • 2002 "On the Probability of Altruism", Paper presented at the Australian Conference of Economists, Adelaide, 1-3 October;
  • 2002 "Appropriate Redistributions and the Second Welfare Theorem when Equilibrium is not Unique", Paper presented at Public Economic Theory Conference, University of Paris 1 and the Sorbonne, 4-6 July.

phd supervision toggle icon open PhD Student Supervision

Current supervision:

  • Principal Supervisor: Timothy Neal, "Exploring the Redistribution Puzzle in Developed Economies"
  • Associate Supervisor: Anita Zednik, "Consumer Tastes and Demand in the Performing Arts"
  • Associate Supervisor: Yousun (Sunny) Shin, "Is Diversity Taking Place in International Trade in Arts?"

honours supervision toggle icon open Honours Supervision

Current Economics Honours Program Co-ordinator;

Honours Thesis Supervisions including:

  • 2012 A. Hughes;
  • 2012 K. Malgaonkar, "Identifying turning points in business growth cycles using and comparing non-parametric method (Indicator Approach) with a parametric method (Regime-Switching Models)"
  • 2012 L. Wilson
  • 2010 T. Neal, "The Determinants of Income Inequality in Developed Economies: International Trade, Labour Market Institutions, the Government, and Technological Progress";
  • 2010 D. Freudenstein, "Demographic Dynamics and Australian Assets: The Impact of an Ageing Population";
  • 2009 G. Loke, "The Evaluation of Official Forecasts: The Australian Treasury and the US Fed";
  • 2009 N. Plummer "Are There Threshold Effects of Sentiment in Australian Consumption data?";
  • 2008 R. Fox "The Macroeconomics of Business Expectations: Theory and Tests";
  • 2007 G. Haynes, "Trade and Wages";
  • 2007 A. Katsouris, "The Composition of Government Expenditure";
  • 2002 K. Neal, "Share Issue Privatisations and the Performance of IPOs in Australia";
  • 2001 M. Barnes, "Wages and Unemployment";
  • 1997 M. Thomas, "Modelling the Phenomenon of Superstars";
  • 1995 C. Bajada, "The Underground Economy in Australia";
  • 1994 G. Kennedy, "A Generalized Misery Index for Australia";
  • 1993 J. Lenehan, "The Macroeconomic Effects of the Post-War Baby Boom: Evidence from Australia";
  • 1992 A. Penalver, "The Linder Hypothesis";
  • 1991 T. Pittorino, "Political Business Cycles";

Work in Progress

  • Advanced Microeconomics: Theory, Applications, Tests (scheduled for publication in 2013); 
  • “More on contraction mappings and uniqueness of equilibrium in global games”;
  • “The renormalization group approach to stock and financial market crashes”;
  • “Persistent Disequilibrium and price adjustment with externalities;"
  • “Equilibrium via the Slutsky equation”;
  • “Consumer sentiment and macrodynamics using a Hansen-Sargent robustness approach”;
  • (with Roger Tonkin) “Fuzzy logic and investment modelling”;
  • (with Ron Ripple)“Buffer stocks and speculation”;

Research Interests

  • General equilibrium theory;
  • Game theory;
  • Applied Macroeconomics;
  • Economics and Mathematics Education.