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Rik W. Hafer
Professor and Chair
Director, Office of Economic Education and Business Research
Member of the Faculty Since: 1989
Ph.D., Virginia
Polytechnic Institute and State University, 1979
M.A., Virginia
Polytechnic Institute and State University, 1977
B.A., University
of Nebraska-Lincoln, 1975
Courses:
Recent Publications:
- "On Money and Output: Is Money Redundant?" (with Joseph
H. Haslag and Garett Jones) Journal of Monetary Economics
(forthcoming).
- "Dynamic IS Curves With and Without Money: An International
Comparison," (with Garett Jones) Journal of International
Money and Finance (forthcoming).
- "Bank Failures in Bank Panics: Risky Banks or Roadkill?"
(with Gerald P. Dwyer), Jr., in Hanson and Hunter, eds., Bank
and Financial Market Efficiency: Global Perspectives, IAI
Press, 2004.
- "Darryl
Francis and the Making of Monetary Policy, 1966-1975,"
(with David C. Wheelock), Federal Reserve Bank of St. Louis
Review, March/April 2003 .
- "Do Entry Level Math Skills Predict Success in Principles
of Economics?" forthcoming in Journal of Economics and
Economic Education Research, (with Gayle Heyne Hafer).
- "Financial Innovation and the Demand for Money: Evidence
From the Philippines," (with Ali M.
Kutan) International Economic Journal, Spring, 2003.
- "Detrending and the Money-Output Link: International Evidence,"
(with Ali M. Kutan) Southern Economic
Journal, Vol. 69, No. 1, 2002.
- "What
Remains of Monetarsim?" Published in Federal Reserve
Bank of Atlanta Economic Review, Fourth Quarter, Vol 86, No.
4, 2001.
- "The
Rise and Fall of a Policy Rule: Monetarism at the St. Louis Fed,
1966-86," (with David C. Wheelock), The Federal Reserve
Bank of St. Louis Review, January/February 2001.
Recent Working Papers:
Recent Interviews:
- Sudholt, Aaron, "University
Benefits Local Economy," The Alestle, May 24,
2006.
- Donald, Elizabeth, "SIUE's
impact put at $356 million," Belleville News Democrat,
May 17, 2006.
- Malone, Zhanda, "Study
Details SIUE's Economic Impact," The Edwardsville
Intelligencer, May 17, 2006.
Other:
Prior to joining the SIUE faculty, Dr. Hafer was a Research Officer
with the Federal Reserve Bank
of St. Louis. During his tenure at the Bank (1979 - 1989), he
also held teaching positions at St.
Louis University, the University
of Missouri-St. Louis, was a Visiting Associate Professor of
Economics at Washington University
(1986-87) and was an Adjunct Associate Professor of Finance in the
Olin School of Business,
Washington University (1987-1988).
Dr. Hafer also taught in the Stonier Graduate School of Banking
(1990). In 1982 he was visiting Professor of Economics at Erasmus
University, Rotterdam, The Netherlands. During August, 1998,
he served as economic consultant to the Central
Bank of the Philippines. Dr. Hafer has also been a visiting
Scholar with the Research Department of the Federal
Reserve Bank of Atlanta, the Federal
Reserve Bank of St. Louis, and a Research Fellow with the Institute
for Urban Research.
Professor Hafer has published over 80 articles in scholarly journals,
including The Journal of Finance, Journal of Monetary
Economics, Journal of Money, Credit and Banking
and the Journal of International Money and Finance, edited
or co-edited three books on monetary policy and financial markets
and has written for The Wall Street Journal, The St. Louis
Post Dispatch and the Illinois Business Journal.
Professor Hafer has presented his research in meetings of the American
Economic Association, the Western Economic Association, the Southern
Economic Association and the Southwestern Finance Association. In
1990, he was the co-recipient of a Chicago Board of Trade Award
for his work on the futures market, and the Georgescu-Roegen Prize
in Economics for an article that appeared in the Southern Economic
Journal.
In addition to his research, Professor Hafer serves as a referee
for numerous professional journals, and is on the editorial board
of Economic Inquiry.
Since joining the faculty, Professor Hafer has received several
funded research grants from SIUE, and was awarded the first Poos
Summer Research Fellowship. His current research interests concern
banking regulation, monetary policy, and financial markets.
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