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Rik W. Hafer

[IMAGE: ]Distinguished Research Professor

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

  • Office: Alumni Hall-3145
  • Office Phone: (618) 650-2747
  • Fax: (618) 650-3047
  • Email: rhafer@siue.edu


  • Economics 111: Introduction to Macroeconomics
  • Economics 302: Intermediate Macroeconomics
  • Economics/Finance 344: Financial Markets
  • Economics 341: Ethics and Economics
  • Economics 490: Economic Freedom and Development

Curriculum Vita

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 Departments of the Federal Reserve Bank of Atlanta and the Federal Reserve Bank of St. Louis, and served as a Research Fellow with the Institute for Urban Research. He currently is a Research Fellow with the Show-Me Institute in St. Louis, MO.

Professor Hafer has published in scholarly journals, including The Journal of Finance, Journal of Monetary Economics, Journal of Money, Credit and Banking, the Journal of International Money and Finance, authored or edited five books on monetary policy and financial markets and is the co-author of the forthcoming textbooks, Principles of Macroeconomics: The Way We Live and Principles of Microeconomics: The Way We Live (with Susan Feigenbaum), published by Worth Publishers . He also has written for The Wall Street Journal, The St. Louis Post Dispatch, the Illinois Business Journal and is a regular contributor to the St. Louis Beacon , an on-line newspaper. 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 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 has served on the editorial board of Economic Inquiry. Since joining the faculty, Professor Hafer has received several funded research grants from SIUE. His research interests concern the relation between IQ and economic activity, economic freedom, monetary policy, and financial markets.

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