UMSL Department of Economics

All are invited to the department picnic:
When: Sunday, September 29 Noon - 3pm
Where: Irv Zeid Park, Olivette
Who: students, faculty, alumni and friends

Career Milestone event! 20 (Prof. Speicher), 30 (Prof. Kridel, really 31), and 35 years (Prof. Winkler)🥳Congratulations!

UMSL ECON alum and part-time faculty member Tracie Edwards received the Department’s Alumni Award for her contributions to the Department of Economics at the Alumni Party on April 26th. Despite the massive rain, 40+ faculty, alums, and students attended and celebrated Tracie!

UMSL ECON BS/MA student Kaley Ware presented her cost-benefit analysis project, “ Should California Have Banned Red Dye 3?” at the UMSL Undergraduate Research Symposium on Friday, April 26th. She did this research in her class with Prof. Kosnik. Congrats Kaley!

The UMSL Economics Women in Economics (WIE) group attended the WIE Symposium hosted by the Federal Reserve Bank of St. Louis. Lots of knowledge gained plus in-person networking!

Professor Gillman's recent work, "Supply-side economics with AS-AD in Ramsey dynamic general equilibrium," is now in Economic Analysis and Policy 🥳
https://www.sciencedirect.com/science/article/pii/S0313592623002059?dgcid=author

This paper introduces an AS-AD framework into the Ramsey model, analyzing key supply-side economic issues. It quantifies the impacts of productivity, labor income tax rate, and capital income tax rate on macroeconomic variables and tax revenue. Findings reveal that productivity and capital income tax cuts shift aggregate supply more than demand. Additionally, this paper introduces a 'productivity multiplier' which can be applied to a range of alternative models.

Supply-side economics with AS-AD in Ramsey dynamic general equilibrium The Ramsey dynamic general equilibrium (RDGE) model has been applied broadly within mainstream macroeconomic analysis. While the labor market of the R…

Professor Gillman’s recent work titled “Identifying money and inflation expectation shocks to real oil prices” was also featured in SUERF Policy Brief!

Identifying money and inflation expectation shocks on real oil prices, SUERF Policy Brief .:. SUERF - The European Money and Finance Forum *This policy brief is based on “Identifying money and inflation expectation shocks on real oil prices” by Szilard Benk and Max Gillman, 2023, Bank of Finland Research Discussion Papers, No. 10/2023, Bank of Finland. 

Professor Gillman’s recent work titled “Identifying money and inflation expectation shocks to real oil prices” was recently published in Energy Economics. Professor Gillman and his co-author’s research uncovers US monetary shocks' impact on real oil prices, reshaping energy and monetary policy perspectives.

Identifying money and inflation expectation shocks to real oil prices The paper extends the well-known three-variable SVAR model that explains real oil prices based on supply and demand shocks to the oil market. We ident…

UMSL economics graduate Barb Flowers talks ‘Barbie’ and the evolution of women in the workforce on NPR’s The Indicator from Planet Money.

UMSL economics graduate Barb Flowers talks ‘Barbie’ and the evolution of women in the workforce on NPR’s The Indicator from Planet Money - UMSL Daily Flowers developed a lesson plan that examines historical trends in women’s chosen careers through the lens of Barbie.

See Professor Lea Kosnik’s recent research featured in VoxEU! She and her co-author investigated what factor influences differences in productivity across economists as they age.

Economists growing old The arc of creative activity may rise quickly and then decline with age. This column asks whether this is true for economists and, if so, why. An analysis of all articles published in the ‘Top Five’ economics journals between 1969 and 2018 reveals that economists who had published less in the pr...

Congratulations to Marcela Manjarrez (BS 1998), recipient of the UMSL Econ Alumni Award! Nearly 60 alumni, graduate students and faculty attended the spring UMSL Econ alum party!

Huge thank you to UMSL Econ alums Tim Lathum (BS 2012), Derek Steiner (BS/MA 2016), and Hannah Drury (BS 2020) for sharing career advice with current students!