Max Gillman is F. A. Hayek Professor of Economic History at the University of Missouri – St. Louis. His research includes monetary economics, energy markets, macroeconomics, growth, human capital, public finance, asset pricing, and economic development. Current research includes modelling the real short term Treasury interest rate as compared to historical data, explaining real business cycles using human capital investment and endogenous growth, finding the effect of money and inflation shocks on oil prices, and the study of inflation, money, and banking policy in historical overview.
Gillman serves as Associate Editor of Economic Modelling since 2020, as a part time research leader at European Research University since Nov. 2023, and as a part time research professor at Corvinus University of Budapest since Dec. 2023. From Jan. to June, 2023, he was a senior fellow at the Corvinus Institute for Advanced Studies; previously he was Professor at Cardiff Business School and at Central European University, visiting scholar at the Bank of Finland and New York University, visiting professor/researcher at Central European University, University of Chicago, Loughborough University, Monash University, University of Melbourne, University of New South Wales, Federal Reserve Banks of St. Louis, Atlanta and Minneapolis.
Recent articles:
"Identifying Money and Inflation Expectation Shocks on Real Oil Prices", with Szilard Benk, Energy Economics; accepted July 2023.
"Identifying money and inflation expectation shocks on real oil prices," with Szilard Benk, Aug 2023, SUERF Policy Brief, No 651.
"A Human Capital Explanation of Real Business Cycles," with Szilard Benk, Tamas Csabafi, Jing Dang, Michal Kejak; Journal of Human Capital, accepted July 2023.
"Supply-Side Economics with AS-AD in Ramsey Dynamic General Equilibrium," with Szilard Benk and Tamas Csabafi, Economic Analysis and Policy; accepted August 2023.
Gillman books include The Spectre of Price Inflation (Columbia University Press, 2023, US); Principles of Macroeconomics: An Evolutionary Approach (Kendall Hunt 2017), Advanced Modern Macroeconomics: Analysis and Application (Pearson 2011), Inflation Theory in Economics (Routledge 2009), and he is editor of: Robert E. Lucas, Jr., Collected Papers on Monetary Theory (Harvard University Press, 2013).
His research is published in: Energy Economics, Journal of Monetary Economics, Review of Finance, Journal of Money, Credit and Banking, Economic Journal, Journal of Human Capital, Journal of Economic Dynamics and Control, Review of Economic Dynamics, Journal of International Money and Finance, Economica, Economic Inquiry, Economic Modelling, Economic Analysis and Policy, Journal of Economic Methodology, International Tax and Public Finance, Journal of Macroeconomics, B.E. Journal of Macroeconomics, Journal of Economic Surveys, The Economics of Transition, North American Journal of Economics and Finance, Empirical Economics, Economic Affairs, Bulletin of Economic Research, Contemporary Economic Policy, The European Journal of the History of Economic Thought, Manchester School.