Tag Archives: PERI

Bill McColloch published a new PERI Working Paper, which deals with the same issues, in a very different way, raised in the last chapter of his dissertation. From the abstract: The present paper seeks to locate the Bhaduri-Marglin (B-M) model as an historical outcome of the Left's internal disputes over the prospects for social democracy. In better  contextualizing the B-M model as a historical response to the perceived political economic failings of the social compromises upon which the...

New paper co-authored with Nate Cline published by the Political Economy Research Institute (PERI). Abstract says:In this paper we develop a simple model of currency crises, which emphasizes the role of currency mismatches and the balance of payments constraint. In our model, crises are driven by external shocks, particularly foreign interest rate and terms of trade shocks, which drive payments imbalances. In a reversal of conventional causality, we show how a currency crisis can then produce...