UMSL Department of Economics

08/19/2026

Mark your calendars!
Join us for our annual picnic on Sunday, September 27, from 12:00-3:00 pm at Irv Zeid Park in Olivette. We'll have food, drinks, and plenty of opportunities to catch up with current students, alumni, and faculty. All are welcome!

09/12/2024

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

05/08/2024

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

05/02/2024

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!

05/01/2024

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!

04/06/2024

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!

09/25/2023

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.

The Ramsey dynamic general equilibrium (RDGE) model has been applied broadly within mainstream macroeconomic analysis. While the labor market of the R…

09/20/2023

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

*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. 

09/20/2023

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.

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…

08/02/2023

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

Flowers developed a lesson plan that examines historical trends in women’s chosen careers through the lens of Barbie.