Details about Perry G. Mehrling

This author is deceased (2026-10-12).

Access statistics for papers by Perry G. Mehrling.

Last updated 2026-10-14. Update your information in the RePEc Author Service.

Short-id: pme1083

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Working Papers

2024

1. Bagehot's Classical Money View: A Reconstruction
   Working Papers Series, Institute for New Economic Thinking
   See also Journal Article Bagehot’s classical money view: a reconstruction, The European Journal of the History of Economic Thought, Taylor & Francis Journals (2024) (2024)
2. Review of “Debates in Macroeconomics from the Great Depression to the Long Recession: Cycles, Crises and Policy Responses” by Arie Arnon
   SocArXiv, Center for Open Science

2023

3. Exorbitant Privilege? On the Rise (and Rise) of the Global Dollar System
   Working Papers Series, Institute for New Economic Thinking
4. On par: A Money View of stablecoins
   BIS Working Papers, Bank for International Settlements View citations (9)
   See also Journal Article On par: a money view of stablecoins, Journal of Financial Market Infrastructures, Journal of Financial Market Infrastructures

2020

5. Payment vs. Funding: The Law of Reflux for Today
   Working Papers Series, Institute for New Economic Thinking View citations (2)

2015

6. Elasticity and Discipline in the Global Swap Network
   Working Papers Series, Institute for New Economic Thinking View citations (10)
   See also Journal Article Elasticity and Discipline in the Global Swap Network, International Journal of Political Economy, Taylor & Francis Journals (2015) View citations (10) (2015)

2013

7. MIT and Money
   GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France
   See also Journal Article MIT and Money, History of Political Economy, Duke University Press (2014) View citations (7) (2014)

2008

8. Beyond DSGE Models: Toward an Empirically Based Macroeconomics
   Middlebury College Working Paper Series, Middlebury College, Department of Economics View citations (156)
   See also Journal Article Beyond DSGE Models: Toward an Empirically Based Macroeconomics, American Economic Review, American Economic Association (2008) View citations (160) (2008)
   Chapter Beyond DSGE Models: Toward an Empirically Based Macroeconomics, Chapters, Edward Elgar Publishing (2018) (2018)

Journal Articles

2024

1. Alvin Hansen: seeking a suitable stabilisation – an academic biography
   The European Journal of the History of Economic Thought, 2024, 31, (5), 870-872
2. Arie Arnon, Debates in Macroeconomics from the Great Depression to the Long Recession: Cycles, Crises and Policy Responses (Cham: Springer Nature, 2022), pp. xxvi + 318, $109.99 (hardcover). ISBN: 9783030977023
   Journal of the History of Economic Thought, 2024, 46, (1), 165-167
3. Bagehot’s classical money view: a reconstruction
   The European Journal of the History of Economic Thought, 2024, 31, (5), 730-743
   See also Working Paper Bagehot's Classical Money View: A Reconstruction, Working Papers Series (2024) (2024)

2022

4. “Where’s my swap line?”: A Money View of International Lender of Last Resort
   Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, 2022, 63, (2), 559-574

2016

5. Beyond Bancor
   Challenge, 2016, 59, (1), 22-34
6. Robert W. Dimand, James Tobin (Basingstoke, Hampshire: Palgrave Macmillan, 2014), pp. 197, $110 (hardcover). ISBN 978-1-137-43194-3
   Journal of the History of Economic Thought, 2016, 38, (4), 539-541

2015

7. Elasticity and Discipline in the Global Swap Network
   International Journal of Political Economy, 2015, 44, (4), 311-324 View citations (10)
   See also Working Paper Elasticity and Discipline in the Global Swap Network, Working Papers Series (2015) View citations (10) (2015)
8. Re-imagining Central Banking
   Ensayos Económicos, 2015, 1, (72), 7-26
   See also Chapter Re-imagining Central Banking, International Economic Association Series, 2016, 163-175 (2016) View citations (5) (2016)

2014

9. MIT and Money
   History of Political Economy, 2014, 46, (5), 177-197 View citations (7)
   See also Working Paper MIT and Money, GREDEG Working Papers (2013) (2013)

2013

10. Donald MacKenzie, An Engine, Not a Camera: How Financial Models Shape Markets (Cambridge, MA: MIT Press, 2006) pp. x, 377, $40.00. ISBN 0-262-13460-8
    Journal of the History of Economic Thought, 2013, 35, (4), 542-545
11. Essential hybridity: A money view of FX
    Journal of Comparative Economics, 2013, 41, (2), 355-363 View citations (15)
12. Lawrence H. White, The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years (New York: Cambridge University Press, 2012), pp. 428, $45 paperback. ISBN 978-1-107-62133-6
    Journal of the History of Economic Thought, 2013, 35, (4), 545-547

2012

13. Three Principles for Market-Based Credit Regulation
    American Economic Review, 2012, 102, (3), 107-12 View citations (26)

2011

14. THE MONETARY ECONOMICS OF BENJAMIN GRAHAM: A BRIDGE BETWEEN GOODS AND MONEY?
    Journal of the History of Economic Thought, 2011, 33, (3), 285-305 View citations (3)

2010

15. A Tale of Two Cities
    History of Political Economy, 2010, 42, (2), 201-219 View citations (3)

2009

16. “The Plan Sponsor’s Goal”: A Comment
    Financial Analysts Journal, 2009, 65, (3), 12-12

2008

17. Beyond DSGE Models: Toward an Empirically Based Macroeconomics
    American Economic Review, 2008, 98, (2), 236-40 View citations (160)
    See also Chapter Beyond DSGE Models: Toward an Empirically Based Macroeconomics, Chapters, 2018, 212-216 (2018) (2018)
    Working Paper Beyond DSGE Models: Toward an Empirically Based Macroeconomics, Middlebury College Working Paper Series (2008) View citations (156) (2008)
18. Poitras Geoffrey, ed. Pioneers of Financial Economics, Vol. I: Contributions Prior to Irving Fisher (Cheltenham, UK and Northampton, MA: Edward Elgar, 2006) pp. x, 274, $130. ISBN 978-1-84542-381-0. - Poitras Geoffrey and Franck Jovanovic, eds. Pioneers of Financial Economics, Vol. II: Twentieth Century Contributions (Cheltenham, UK and Northampton, MA: Edward Elgar, 2007), pp. x, 256, $130. ISBN 978-1-84542-382-7
    Journal of the History of Economic Thought, 2008, 30, (3), 422-425

2007

19. What If the Leader of the Central Bank Told Hilarious Jokes and Did Card Tricks? A Panel of Experts
    American Journal of Economics and Sociology, 2007, 66, (5), 863-887 View citations (5)

2006

20. Mr. Woodford and the Challenge of Finance
    Journal of the History of Economic Thought, 2006, 28, (2), 161-170 View citations (6)

2003

21. Whither Macro?
    The American Economist, 2003, 47, (1), 75-81

2002

22. Don Patinkin and the origins of postwar monetary orthodoxy
    The European Journal of the History of Economic Thought, 2002, 9, (2), 161-185 View citations (5)
23. Retrospectives: Economists and the Fed: Beginnings
    Journal of Economic Perspectives, 2002, 16, (4), 207-218 View citations (17)

2001

24. AN INTERVIEW WITH PAUL A. VOLCKER
    Macroeconomic Dynamics, 2001, 5, (3), 434-460 View citations (1)

2000

25. Esther-Mirjam Sent, The Evolving Rationality of Rational Expectations: An Assessment of Thomas Sargent's Achievements (Cambridge: Cambridge University Press, 1998) pp. x, 242, $54.95. ISBN 0-521-57164-2
    Journal of the History of Economic Thought, 2000, 22, (1), 106-108
26. Modern Money: Fiat or Credit?
    Journal of Post Keynesian Economics, 2000, 22, (3), 397-406 View citations (13)
27. The State as Financial Intermediary
    Journal of Economic Issues, 2000, 34, (2), 365-368 View citations (1)

1999

28. The Struggle over the Soul of Economics: Institutionalist and Neoclassical Economists in America between the Wars
    Journal of Economic Issues, 1999, 33, (3), 758-761
29. The vision of Hyman P. Minsky
    Journal of Economic Behavior & Organization, 1999, 39, (2), 129-158 View citations (21)

1998

30. Idiosyncratic Risk, Borrowing Constraints and Asset Prices
    Metroeconomica, 1998, 49, (3), 261-283

1996

31. The Monetary Thought of Allyn Abbott Young
    History of Political Economy, 1996, 28, (4), 607-632

1995

32. A note on the optimum quantity of money
    Journal of Mathematical Economics, 1995, 24, (3), 249-258 View citations (14)

1986

33. A Classical Model of the Class Struggle: A Game-Theoretic Approach
    Journal of Political Economy, 1986, 94, (6), 1280-1303 View citations (10)

1983

34. Abroad
    Challenge, 1983, 25, (6), 57-60

1982

35. Testing Monetarism
    Challenge, 1982, 25, (4), 62-65

Undated

36. On par: a money view of stablecoins
    Journal of Financial Market Infrastructures
    See also Working Paper On par: A Money View of stablecoins, BIS Working Papers (2023) View citations (9) (2023)

Books

2025

1. Money and Empire
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (2022)

2010

2. The New Lombard Street: How the Fed Became the Dealer of Last Resort
   Economics Books, Princeton University Press View citations (61)

Edited books

2013

1. Keynesian Reflections: Effective Demand, Money, Finance, and Policies in the Crisis
   OUP Catalogue, Oxford University Press View citations (2)

Chapters

2025

1. Charles P. Kindleberger (1910–2003)
   Springer

2018

2. Beyond DSGE Models: Toward an Empirically Based Macroeconomics
   Chapter 14 in How Economics Should Be Done, 2018, pp 212-216
   See also Working Paper Beyond DSGE Models: Toward an Empirically Based Macroeconomics, Middlebury College, Department of Economics (2008) View citations (156) (2008)
   Journal Article Beyond DSGE Models: Toward an Empirically Based Macroeconomics, American Economic Association (2008) View citations (160) (2008)

2016

3. Financial economics
   Chapter 16 in Handbook on the History of Economic Analysis Volume III, 2016, pp 198-207
4. Re-imagining Central Banking
   Palgrave Macmillan View citations (5)
   See also Journal Article Re-imagining Central Banking, Central Bank of Argentina, Economic Research Department (2015) (2015)

2014

5. Why central banking should be re-imagined
   A chapter in Re-thinking the lender of last resort, 2014, vol. 79, pp 108-118 View citations (4)

2013

6. Insights from Walter Bagehot
   Chapter 2 in The Economic Crisis in Retrospect, 2013, pp 13-42

2010

7. Introduction
   A chapter in The New Lombard Street: How the Fed Became the Dealer of Last Resort, 2010
8. Laidler’s Monetarism
   Palgrave Macmillan
9. Monetary Policy Implementation: A Microstructure Approach
   Palgrave Macmillan View citations (1)

2003

10. Functional Finance, Past and Present
    Chapter 5 in Reinventing Functional Finance, 2003

2001

11. Minsky, modern finance and the case of Long Term Capital Management
    Chapter 8 in Financial Keynesianism and Market Instability, 2001