The Political Economy Research Institute (PERI) promotes human and ecological well-being through our original research. Our approach is to translate what we learn into workable policy proposals that are capable of improving life on our planet today and in the future. In the words of the late Professor Robert Heilbroner, we at PERI “strive to make a workable science out of morality.”

Established in 1998, PERI is an independent unit of the University of Massachusetts, Amherst, with close ties to the Department of Economics. PERI staff frequently work collaboratively with faculty members and graduate students from the University of Massachusetts, and other economists from around the world. Since its founding, PERI has become a leading source of research and policy initiatives on issues of globalization, unemployment, financial market instability, central bank policy, living wages and decent work, and the economics of peace, development, and the environment.

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Submissions from 2009

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Measuring Corporate Environmental Justice Performance, Michael Ash and James K. Boyce

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The Potential Revenue from Financial Transactions Taxes, Dean Baker, Robert Pollin, Travis McArthur, and Matt Sherman

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Estimation of Treatment Effect of Asthma Case Management Using Propensity Score Methods, Sylvia Brandt, Sara Gale, and Ira Tager

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New Critical Perspectives on the U.S. and the Post-WWII Global Economy: Brenner, Harvey, and Pollin, Merlin Chowkwanyun

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Setting an Agenda for Monetary Reform, Jane D’Arista

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China and the Latin America Commodities Boom: A Critical Assessment, Kevin P. Gallagher and Roberto Porzecanski

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Unemployment Compensation and High European Unemployment: A Reassessment with New Benefit Indicators, David R. Howell and Miriam Rehm

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Partial Implementation of COOL: Economic Effects in the U.S. Seafood Industry, Siny Joseph, Nathalie Lavoie, and Julie A. Caswell

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Social Democratic and Socialist Policies, John King

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Socialization of Risks without Socialization of Investment: The Minsky Paradox and the Structural Contradiction of Big Government Capitalism, Minqi Li

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Comparing the Effectiveness of Regulation and Pro-Social Emotions to Enhance Cooperation: Experimental Evidence from Fishing Communities in Colombia, Maria Claudia Lopez, James J. Murphy, John M. Spraggon, and John K. Stranlund

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Securing the Border from Invasives: Robust Inspections Under Severe Uncertainty, L. Joe Moffitt, John K. Stranlund, and Craig D. Osteen

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From the Crisis of Distribution to the Distribution of the Costs of the Crisis: What Can We Learn from Previous Crises about the Effects of the Financial Crisis on Labor Share?, Özlem Onaran

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Labor Productivity: A Comparative Analysis of the European Union and United States, 1994-2007, Enrique Palazuelos and Rafael Fernández

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Rethinking the Economics of Capital Mobility and Capital Controls, Thomas I. Palley

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The Simple Analytics of Debt-Driven Business Cycles, Thomas I. Palley

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Response to “Seven Myths about Green Jobs” and “Green Jobs Myths”, Robert Pollin

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Public Investment, Industrial Policy and U.S. Economic Renewal, Robert Pollin and Dean Baker

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Climate Change and Damage from Extreme Weather Events, Robert Repetto and Robert Easton

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Goodwin or Kalecki in Demand? Functional Income Distribution and Aggregate Demand in the Short Run, Engelbert Stockhammer and Robert Stehrer

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A Safety Valve for Emissions Trading, John K. Stranlund

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The Social Construction of Successful Market Reforms, David Stuckler, Lawrence King, and Greg Patton

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The Interaction of Metropolitan Cost-of-Living & the Federal Earned Income Tax Credit: One Size Fits All?, Jeffrey P. Thompson and Katie Fitzpatrick

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The Effectiveness of Monetary Policy Reconsidered, John Weeks

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Could International Labor Rights Play a Role in U.S. Trade?, Christian E. Weller

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Did Retirees Save Enough to Compensate for the Increase in Individual Risk Exposure?, Christian E. Weller

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Public Policy Options to Build Wealth for America’s Middle Class, Christian E. Weller and Amy Helburn

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On the Nature and Causes of the Collapse of the Wealth of Nations, 2007/2008: The End of a Façade Called Globalization, Erinç Yeldan

Submissions from 2008

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Post-Conflict Recovery: Resource Mobilization and Peacebuilding, James K. Boyce

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Keeping the Government Whole: The Impact of a Cap-and-Dividend Policy for Curbing Global Warming on Government Revenue and Expenditure, James K. Boyce and Matthew Riddle

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Interest Rate Smoothing and Macroeconomic Instability under Post-Capital Account Liberalization Turkey, Hasan Cömert and A. Erinc Yeldan

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The Implications of Aging for the Structure and Stability of Financial Markets, Jane D’Arista

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Democracy, Income, and Environmental Quality, Kevin P. Gallagher and Strom C. Thacker

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The Political Economy of Remittances: What Do We Know? What Do We Need to Know?, Ilene Grabel

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By What Measure? A Comparison of French and U.S. Labor Market Performance with New Indicators of Employment Adequacy, David R. Howell and Anna Okatenko

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Attracting Undocumented Immigrants: The Perverse Effects of U.S. Border Enforcement, Florian K. Kaufmann

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Resources for Peace? Managing Revenues from Extractive Industries in Post-Conflict Environments, Philippe Le Billon

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Peak Energy and the Limits to China’s Economic Growth: Prospect of Energy Supply and Economic Growth from Now to 2050, Minqi Li

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Discounting Nordhaus, Thomas R. Michl

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Right-Financing Security Sector Reform, Peter Middlebrook and Gordon Peake

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New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options, Léonce Ndikumana and James K. Boyce

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Jobless Growth in the Central and Eastern European Countries, Özlem Onaran

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Endogenous Money: Implications for the Money Supply Process, Interest Rates, and Macroeconomics, Thomas Palley

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Macroeconomics without the LM: A Post-Keynesian Perspective, Thomas Palley

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Keynesian Models of Deflation and Depression Revisited: Inside Debt and Price Flexibility, Thomas I. Palley

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The Backward Bending Phillips Curves: A Simple Model, Thomas I. Palley

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The Relative Income Theory of Consumption: A Synthetic Keynes-Duesenberry-Friedman Model, Thomas I. Palley

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Financial Globalization and Labor: Employee Shareholding or Labor Regression?, Nacho Álvarez Peralta and Bibiana Medialdea García

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Considerations on Interest Rate Exogeneity, Robert Pollin

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Is Full Employment Possible under Globalization?, Robert Pollin

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Wage flexibility or Wage Coordination? Economic Policy Implications of the Wage-Led Demand Regime in the Euro Area, Englebert Stockhammer

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Credit Access, the Costs of Credit and Credit Market Discrimination, Christian E. Weller

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Can Progressive Taxation Contribute to Economic Development?, Christian E. Weller and Manita Rao

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Prudent Investors: The Asset Allocation of Public Pension Plans, Christian E. Weller and Jeffrey B. Wenger

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The Interplay between Labor and Financial Markets: What are the Implications for Defined Contribution Accounts?, Christian E. Weller and Jeffrey B. Wenger

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Desperate vs. Deadbeat: Can We Quantify the Effect of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005?, Christian Weller, Bernard J. Morzuch, and Amanda Logan

Submissions from 2007

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Forensic Accounting: Hidden Balance of Payments of the Philippines, Edsel, Jr Beja

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Unchained Melody: East Asia in Performance, Edsel, Jr. L. Beja

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External Shocks, Structural Change, and Economic Growth in Mexico, 1979–2006, Robert A. Blecker

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Is Inequality Bad for the Environment?, James K. Boyce

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Cap and Dividend: How to Curb Global Warming While Protecting the Incomes Of American Families, James K. Boyce and Matthew Riddle

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Options for Revenue Generation in Post-Conflict Environments, Michael Carnahan

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Current Global Imbalances and the Keynes Plan, Lilia Costabile

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If Financial Market Competition is so Intense, Why are Financial Firm Profits so High? Reflections on the Current ‘Golden Age’ of Finance, James Crotty

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U.S. Debt and Global Imbalances, Jane D’Arista

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An EU Sky Trust: Distributional Analysis for Hungary, Viola Ferjentsik and Michael Ash

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Do Surges in Less-Skilled Immigration Have Important Wage Effects? A Review of the U.S. Evidence, David R. Howell

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Uprooting Diversity? Peasant Farmers’ Market Engagements and the on-Farm Conservation of Crop Genetic Resources in the Guatemalan Highlands, S, Ryan Isakson

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The Correlates of Rentier Returns in OECD Countries, Arjun Jayadev and Gerald Epstein

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Emigrant or Sojourner? Migration Intensity and Its Determinants, Florian Kaufmann

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Employment and Millenium Development Goals: Analytics of the Linkage in the Context of an Accelerated Effort to Achieve the MDGs, A. R. Khan

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U.S., China, and the Unraveling of Global Imbalances, Minqi Li

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The Meaning of Poverty Questions of Distribution and Power, Arthur MacEwan

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Wage Share, Globalization, and Crisis: The Case of the Manufacturing Industry in Korea, Mexico, and Turkey, Özlem Onaran

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Financialization and Capital Accumulation in the Non-Financial Corporate Sector: A Theoretical and Empirical Investigation of the U.S. Economy: 1973-2003, Özgür Orhangazi

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Financialization: What it is and Why it Matters, Thomas I. Palley

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A Scheme to Coordinate Monetary and Fiscal Policies in the Euro Area, Carlo Panico and Marta Vàzquez Suàrez

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The Employment Effects of Downsizing the U.S. Military, Robert Pollin and Heidi Garrett-Peltier

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The U.S. Employment Effects of Military and Domestic Spending Priorities, Robert Pollin and Heidi Garrett-Peltier

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Gender, Distribution, and Balance of Payments Constrained Growth in Developing Countries, Stephanie Seguino

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Engendering Human Development: A Critique of the UNDP’s Gender-Related Development Index, Elizabeth A. Stanton

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The Human Development Index: A History, Elizabeth A. Stanton

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Some Stylized Facts on the Finance-Dominated Accumulation Regime, Engelbert Stockhammer

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Promoting Group Justice: Fiscal Policies in Post-Conflict Countries, Frances Strewart, Graham Brown, and Alex Cobham

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Have Differences in Credit Access Diminished in an Era of Financial Market Deregulation?, Christian E. Weller

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Changes in Homeowners’ Financial Security during the Recent Housing and Mortgage Boom, Christian Weller and Kate Sabatini

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Patterns of Adjustment under the Age of Finance: The Case of Turkey as a Peripheral Agent of Neoliberal Globalization, Erinc Yeldan