Director of Energy Economics and Microeconomic Policy Analysis
Federal Reserve Bank of Dallas

Stephen P. A. Brown is director of energy economics and microeconomic policy analysis at the Federal Reserve Bank of Dallas. Brown advises the Bank President on energy economics and directs research and analysis in energy economics and microeconomic policy at the Federal Reserve Bank of Dallas.

Brown is widely recognized for his knowledge of world energy markets and the effects of energy price shocks on economic activity. He has been quoted in various regional publications, as well as in Business Week, The Economist, Financial Times, Newsweek, The New York Times, Time, The Wall Street Journal and Marilyn vos Savant's book, The Power of Logical Thinking. He also has appeared on various regional broadcasts in addition to CNN’s Financial Report, ABC’s Financial World, the McNeil/Lehrer NewsHour, Kudlow and Cramer, Squawk Box, Public Radio International’s Market Place, NPR’s Morning Edition, and the PBS series Man, Energy and the Environment. He has made numerous presentations to academic, civic and professional groups, including members of the British Parliament and the U.S. Congress.

Brown is an associate editor of the academic journal Energy Economics and has previously served as editor for the Bank’s publications Southwest Economy and Economic and Financial Policy Review. His articles have appeared in such journals as Economic Inquiry, Review of Regional Studies, Quarterly Review of Economics and Finance, Business Economics, The Energy Journal, Energy Policy, Contemporary Economic Policy, Economic and Financial Review, Journal of Environmental Economics and Management, and Public Choice. He has participated in a number of studies conducted by the Energy Modeling Forum at Stanford University.

Brown joined the Federal Reserve Bank of Dallas in 1981, after working as an energy economist for Brookhaven National Laboratory and teaching economics at several universities. In addition to his principal position at the Dallas Fed, Brown is an adjunct professor of economics at Tulane University.

Brown holds a B.S. in economics from California Polytechnic State University and an M.A. and Ph.D. in economics from the University of Maryland. He also has completed a number of leadership training programs, including the Trailblazers Federal Reserve System Leadership Program and several at the Center for Creative Leadership in Greensboro, North Carolina.