Bradley Policy Research Center

The Bradley Policy Research Center of the William E. Simon Graduate School of Business Administration of the University of Rochester was founded in 1966 (under the direction of Karl Brunner, founding director and world-class economist) as the Center for Research in Government Policy and Business and was renamed in 1987 in honor of a major grant from The Lynde and Harry Bradley Foundation. The Center, now under the direction of Ronald W. Hansen, Senior Associate Dean of Faculty and Research, (preceded by Professor Thomas F. Cooley, director of the Center from March 1995 to June 2000) will continue to promote a full research agenda, annual conferences, a publication program and ongoing contact with government regulators and the media. The Center will continue to sponsor semi-annual Carnegie-Rochester Conferences and Shadow Open Market Committee Meetings. The Bradley Center also hopes to continue its Visiting Scholars Program that brings in academics from around the world for weeklong visits to the Center and to present their research.

The primary objective of the Bradley Policy Research Center is to promote high-quality research on important issues in economic and business policy. Such an objective requires the raising of funds to finance research, the distribution of research results to targeted recipients within a diverse audience, and the promotion of discussions and conferences regarding the implications of the research. Perhaps the best indication of the success of the Bradley Center activities is the number of sponsored papers that have appeared in leading scholarly journals, such as the Journal of Monetary Economics, Journal of Money, Credit and Banking, American Economic Review, Financial Management, Journal of Finance, Journal of Law and Economics, Journal of Political Economy, Journal of Accounting and Economics, The Review of Economic Dynamics (a fairly new journal which won a national award for the best new journal in the professional and scholarly division, under the management of former Bradley Center director, Thomas F. Cooley and current President of the Society for Economic Dynamics).

These papers make original research contributions to several areas of study, including executive compensation, corporate performance, the micro-structure of financial markets, money supply and business cycles, stock-market volatility, stock returns and corporate earnings reports, and how businesses manage financial risk, social security issues, political economy, etc.

The Bradley Associates working papers are now available to interested readers on the World Wide Web.

The Bradley Center research and scholarly activities are supported by The Lynde and Harry Bradley Foundation, the Sarah Scaife Foundation, the National Science Foundation, the Gleason Foundation, the John M. Olin Foundation, Inc. and Merrill Lynch.

For more information contact Sue North at (585) 275-2523 or E-mail: sue.north@simon.rochester.edu.