Macroeconomics

Besides changes in institutions and social norms, other phenomena could explain a rise in the profit share.

To what extent is profit-led inflation compatible with what we know about the price-setting behavior of firms and income distribution?

Current tests for mergers are in practice deeply flawed.

Antitrust econometrics relies on often-implausible assumptions

A model that captures key vulnerabilities and structural weaknesses of developing countries’ trade and production structures.

A Balance-of-Payments Constrained Growth Perspective

Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless

Why does the apparently prescient and correct “key currency” view remain an embattled minority view?

Things are going to break and central banks are going to have to respond, but the mental frame that most people will be using is not well suited for understanding how the world now works

A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.

Setting the record straight and identifying less destructive pathways forward than round after round of interest rate increases.

A critical reappraisal of the case in favor of monetary tightening pressed by inflation hawks is overdue.

The Consumer Welfare Standard is severely limited or defective, preventing it from being an appropriate standard for modern antitrust.

Emerging out of the COVID lockdown, inflation in the U.S. and globally has risen to the highest levels in 40 years. On December 2-3, PERI will host a conference to explore the causes of this global inflation spike. Conference participants will also provide critical perspectives on the austerity macroeconomic policies being implemented globally to control inflation and will propose alternative policies capable of managing inflation without imposing austerity and rising mass unemployment.

A Novel Account of Inflation Forecasts