Perry G. Mehrling

Involvement

Perry G. Mehrling, Professor of Economics, joined the faculty of Barnard College in 1987, where he teaches courses on the economics of money and banking, the history of money and finance, and the financial dimensions of the U.S. retirement, health, and education systems. His most recent book is The New Lombard Street: How the Fed became the dealer of last resort (Princeton 2011). His best-known book Fischer Black and the Revolutionary Idea of Finance (Wiley 2005, 2012) has recently been released in a revised paperback edition. Currently, Prof. Mehrling directs the educational initiatives of the Institute for New Economic Thinking, one of which is his course Economics of Money and Banking, available on Coursera at www.coursera.org/course/money.


By this expert

Young Scholars Will Bring New Economic Thinking

Article | Apr 23, 2013

So why am I hopeful about the future?

OMT: Slouching toward Eurobills?

Article | Oct 30, 2012

The Eurocrisis has many dimensions—bank solvency crisis, sovereign debt crisis, political unity crisis, and economic/unemployment crisis—but time after time it has been the liquidity crisis dimension driving events, and ECB response to the liquidity crisis driving institutional evolution. The reason is simple. Liquidity kills you quick.

Ring-fencing Explained

Article | Oct 2, 2012

Everyone wants to ring-fence something, but they can’t agree on what:

Ring-fencing Explained

Article | Oct 2, 2012

Everyone wants to ring-fence something, but they can’t agree on what: Vickers, Liikanen, Volcker.

Featuring this expert

Human Capital in the Industrial Revolution

Video | Nov 13, 2012

Did the industrial revolution increase the relative demand for skilled labor, or decrease it?

How Expectations Interact to Create Bubbles

Video | Nov 5, 2012

How do economists make their models work? By assuming that investors have rational expectations and that every market participant is alike. However, things quickly get messy once economists start to acknowledge that people are different, interact with each other, and change heuristic forecasting strategies based on recent performance.

The Corn Laws: Seeing through the Eyes of Ricardo and Malthus

Video | Oct 15, 2012

The British Corn Returns data provided the empirical basis for the fierce debate around the introduction and repeal of the 19th century British Corn Laws. Contemporary readers, like David Ricardo and Thomas Malthus, followed them as closely as stock market prices of today. Much of 19th century political economy rested on contemporaries’ interpretations of this data.

Breaking the Climate Change Stalemate

Video | Oct 2, 2012

Climate change policy is caught in a stalemate between those who fear the environmental consequences of not doing enough and those who fear the economic consequences of overreacting. But controversy over the extent and sources of climate change need not stand in the way of a positive economic policy response.