Articles
Finance Without Financiers, Papers of Europe (2009)
In response to the financial crisis of 2007 – 2009, governments in the United States,...
Financialization and Federal Reserve Policy in the Crisis - Central Bank Accountability For Financial Stability and Economic Reconstruction, Kurswechsel (2009)
Major central banks – notably the Federal Reserve (the Fed), the Bank of England (BOE)...
Obama's Economic Policy: Achievements, Problems and Prospects, Revue de la Regulation (2009)
In January 2009, PERI Co-Director Gerald Epstein co-authored “A Progressive Program for Economic Recovery &...
Alternatives to Inflation Targeting Central Bank Policy for Employment Creation, Poverty Reduction and Sustainable Growth (with Erinç Yeldan), International Review of Applied Economics (2008)
Inflation targeting (IT) has become the sacred cow of central banking. But its suitability to...
Books
An Employment-Targeted Economic Program for South Africa (with James Heintz and Leonce Ndikumana) (2006)
The people of South Africa, and the African National Congress-led government, have made extraordinary social...
Capital Flight and Capital Controls in Developing Countries (2005)
The book is about the connections between financial liberalization, financial crises, and capital flight in...
Book Chapters
Should Capital Flows be Controlled? Yes., In, Reforming the International Financial System for Development: Lessons from the current and recent financial crises in developing countries (2009)
Marx, Keynes and Crotty: The Case for Capital Controls Revisited, The Macroeconomics of Marx, Keynes, and Crotty (2009)
The Costs and Contradictions of the Lender-of-Last Resort Function In Contemporary Capitalism: The Sub-Prime Crisis of 2007 – 2008, Financial Institutions and Global Markets: Essays in Honor of Jane Webb D’Arista (2009)
The sub-prime crisis and subsequent intervention by central banks, treasuries and other financial regulatory institutions,...
Capital Management Techniques In Developing Countries: Managing Capital Flows in Malaysia, India, and China., Capital Market Liberalization and Development (2008)
This paper uses the term, capital management techniques, to refer to two complementary (and often...
Central Banks as Agents of Employment Creation, Towards Full and Decent Employment (2008)
Employment creation has dropped off the direct agenda of most central banks. Th e so-called...
Research Reports
Employment, Poverty and Economic Development in Madagascar: A Macroeconomic Framework, International Labour Office (2009)
Madagascar, one of the poorest countries in the world, faces many challenges. But recent political...
Financial Policy; A Training Module of the Research Programme: Economic Policies, MDG's and Poverty, No. 3, International Poverty Centre (2007)
Central Banks, Inflation Targeting and Employment Creation, International Labor Office (2007)
Argues that monetary policy should be expanded to consider employment creation along with inflation control...
Monetary Policy and Financial Sector Reform For Employment Creation and Poverty Reduction in Ghana, International Poverty Centre (2006)
This report summarizes the findings of a UNDP-sponsored study on the structure of the financial...
Working Papers
Proposals for Effectively Regulating the U.S. Financial System to Avoid Yet Another Meltdown (with James Crotty), Economics Department Working Paper Series (2008)
It is now clear that we are in the midst of the worst financial crisis...
Employment-Oriented Central Bank Policy in an Integrated World Economy: A Reform Proposal for South Africa (2003)
The South African Reserve Bank and Ministry of Finance have adopted inflation targeting and the...
Financialization, Rentier Interests and Central Bank Policy (2003)
"Financialization" refers to the increasing importance of financial markets, financial motives, financial institutions, and financial...
Individual Country Technical notes For: Trends In The Rentier Income Share In OECD Countries, 1960-2000, Number 58b (2003)
This paper presents individual country notes for the paper "Trends in Rentier Shares in OECD...
Trends In The Rentier Income Share In OECD Countries, 1960-2000, Number 58a (2003)
This paper presents the first set of estimates of the rentier share of income for...
Selected Recent Invited Lectures
Alternatives to Inflation Targeting, United Nations World Institute for Development Economic Research (WIDER) (2005)
Central Banks as Agents of Economic Development, United Nations World Institute for Development Economic Research (WIDER) (2005)
Book Reviews
Financial Policy; A Training Module of the Research Programme: Economic Policies, Economics Department Faculty Publications Series (2007)
The Correlates of Rentier Returns in OECD Countries (with Arjun Jayadev), PERI Working Papers (2007)
This paper examines the correlates of rentier returns – returns to the ownership of financial...
Rising Foreign Outsourcing and Employment Losses in U.S. Manufacturing, 1987-2002 (with James Burke and Minsik Choi), PERI Working Papers (2004)
Foreign outsourcing, otherwise known as off-shoring, has become a matter of intense public debate and...
Alternatives to Inflation Targeting Monetary Policy for Stable and Egalitarian Growth: A Brief Research Summary, PERI Working Papers (2003)
Many countries in the developing world have adopted an approach to monetary policy that focuses...
Capital Management Techniques In Developing Countries: An Assessment of Experiences from the 1990's and Lessons For the Future (with Ilene Grabel and Jomo K. S.), PERI Working Papers (2003)
This paper uses the term, capital management techniques, to refer to two complementary (and often...