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Washington University in St. Louis News & Information > University Groups > Arts & Sciences >
Economics
Department of Economics offers expertise in the study of wealth and poverty, unemployment and the evolution of living standards over time. Governments rise and fall on the economic performance of their national economies. Economists offer insight on controversial public policy questions, such as environmental regulation, government restrictions on domestic and international markets, structure of the legal system and design of tax policy. Microeconomics analyzes trade-offs that individuals, firms, and governments confront because of limited resources. It considers the social context in which choices are made and implications for human welfare. Macroeconomics explores causes of economic growth, recessions, inflation, monetary policy, international trade and financial market performance.
| News Stories & Tip Sheets: |
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Immigrants pose no threat to the U.S. economy
In fact they may help, says a WUSTL professor
May 15,
2008 --
The benefits of immigration outweigh the drawbacks, says a WUSTL economic historian. In the short run, immigrants may displace American workers, but history demonstrates that in the long-run, immigrants tend to spark technological innovation and strengthen the economy.
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We haven't yet hit bottom
Recession's root cause is consumer debt, expert says
March 31,
2008 --
While consumer spending once helped keep the economy healthy, rising consumer debt is the reason it's getting sick. The root cause of the current economic slowdown in the U.S. goes back several decades, according to an economics professor at Washington University in St. Louis.
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First professorship named after Chancellor Eliot
Economist Werner Ploberger appointed inaugural Thomas H. Eliot Distinguished Professor
Dec. 3,
2007 -- Werner Ploberger, Ph.D., was installed as the first Thomas H. Eliot Distinguished Professor in Arts & Sciences on October 30 in Holmes Lounge. Ploberger, who joined Washington University's Department of Economics last year, is internationally renowned for his contributions to the fields of econometrics and the theory of estimation.
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| Faculty Experts: |
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Sukkoo Kim
Associate Professor of Economics
Professor Kim's research focuses on urban and regional economics, economic history, trade and development. He studies the growth of the United States economy from the mid-1800s to the present, specifically looking at issues related to labor, immigration, regulation and business structure. Kim also ...
Expertise: urbanization, economic development, economic history, labor, industrialization, industrial revolution, immigration, …
Direct contact: (314) 935-4961
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soks@wustl.edu
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Sebastian Galiani
Associate Professor of Economics
Direct contact: (314) 935-9278
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galiani@wustl.edu
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Michele Boldrin
Joseph Gibson Hoyt Distinguished Professor in Arts and Sciences, economics
Professor Boldrin is an economist with a broad range of interests. His work includes research in business cycles and asset pricing; growth and demographic change; innovation and intellectual property; and public policy and the welfare state. Boldrin is a fellow of the Econometric Society. He is also ...
Expertise: Public policy, economic growth, innovation, business cycles, intellectual property, welfare, property rights, …
Direct contact: (314) 935-5636
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mboldrin@artsci.wustl.edu
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Tzachi Zach
Professor/Assistant Professor of Accounting
Zach's area of expertise lies in finance and accounting. He researches capital markets and earnings management. A native of Israel, Zach used data from Israel to study the impact political events have on the stock market. He is currently examing what role publicity had on the firms that started ...
Expertise: accounting finance, Israel, stock market, Global Settlement, expensing stock options, accrual anomoly,
Direct contact: (314) 935-4528
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zach@wustl.edu
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Robert A. Pollak
Hernreich Distinguished Professor of Economics in Arts & Sciences and the John M. Olin School of Business
Pollack specializes primarily in economics and demography. His research interests include economics of the family, price and cost-of-living indexes, and environmental policy. He is the author of three books and more than 70 articles and serves on the editorial boards for a number of economic journals. ...
Expertise: business and government, environmental economics, microeconomics, industrial organization, law and economics, political economy, public affairs, …
Direct contact: (314) 935-4918
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pollak@wustl.edu
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Consumer Debt, Not Housing Bubble, May Be Root of Economic Woes
ConsumerAffairs.com
April 2,
2008 -- WUSTL's Steven Fazzari, economics professor, comments on rising consumer indebtedness and it's role in the economic slowdown. Fazzari sees fundamental changes in the economy that are reducing the effectiveness of consumer spending as an economic driver.
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Fed Bank Appoints Bullard as President
The Wall Street Journal
March 26,
2008 -- The Federal Reserve Bank of St. Louis, has appointed as president James Bullard, an 18-year veteran of the bank's research staff and an adjunct faculty memeber at WUSTL.
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Order in the jungle - Economics and the rule of law
The Economist
March 17,
2008 -- Article refers to the theory of WUSTL economist Douglass North and his view that stable, predictable laws encourage investment and growth.
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WUSTL researcher sees link between gas prices and waistlines
St. Louis Post-Dispatch
and 82 others
Sept. 14,
2007 -- David Nicklaus writes about WUSTL researcher Charles Courtemanche's study on gas prices and obesity.
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Oil Prices Retreat After Reaching New Highs
Voice of America
Sept. 14,
2007 -- Americans are accustomed to seeing gasoline prices drop in the months of September and October, but that may not happen this year, according to some analysts.
What effect does expensive gasoline have on ordinary Americans? Researchers at WUSTL say they have found that when gasoline prices go up, obesity rates in the United States go down.
In addition, higher energy costs leave Americans with less cash to spend at restaurants and at the grocery store.
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