Perry G. Mehrling


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

By this expert

-varn6-Channeling Charles Kindleberger on Brexit

-varn7-Article | Jul 5, 2016 -varn13-

-varn14- The economic historian would have seen the British vote to leave the European Union as part of a larger drama of centralization versus pluralism

-varn6-The Bank for International Settlements Looks Through the Financial Cycle

-varn7-Article | Jun 28, 2016 -varn13-

-varn14- The BIS offers a comprehensive picture of the state of the world economy, and of dysfunctional policies holding it back

-varn6-In Memoriam, Jack Treynor

-varn7-Article | Jun 20, 2016 -varn13-

-varn14- Remarks at a memorial service for pioneering financial analyst Jack Treynor Memorial, MIT Chapel, June 19, 2016

-varn6-Global Money: A Work in Progress

-varn7-Article | Jun 12, 2016 -varn13-

-varn14- A dollar-denominated global economy means the Fed is at once the bankers bank and government bank, as well as both U.S. central bank and global central bank — managing that hybrid is the challenge of our time

Featuring this expert

-varn6-Demystifying Modern Monetary Theory (Sample)

-varn7-Video | Mar 19, 2015 -varn13-

-varn14- Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

-varn6-Inequality and the Current Account

-varn7-Video | Feb 17, 2014 -varn13-

-varn14- Institute for New Economic Thinking grantees Christian Belabed and Thomas Theobald and their co-authors have revived this old theory as a hypothesis to explain the apparent statistical link between rising income inequality and current account deficits.

-varn6-Beyond Representative-Agent Macroeconomics

-varn7-Video | Jan 3, 2014 -varn13-

-varn14- Corrado DiGuilmi and Laura Carvalho, grantees of the Institute for New Economic Thinking, have individually been exploring two possible alternative analytical entry points: mean field methods from physics and stock flow consistent modeling from accounting. The idea behind their grant is to work together to combine these two approaches, the first bottom-up and the second top-down.

-varn6-What Do Management Consultants Do?

-varn7-Video | Nov 18, 2013 -varn13-

-varn14- Most of us probably think of management consultancy as a technocratic function, helping companies fix internal problems in order to become more productive. But Institute for New Economic Thinking grantee Kimberley Chong thinks about it in a different way, by viewing management consultancy through the lens of cultural anthropology.