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Gerald Epstein

Gerald Epstein

Professor & Co-Director PERI
916 Thompson Hall and
319 Gordon Hall
(413) 545-3581, (413) 577-0822


Ph.D., Economics, Princeton University, 1981
M.P.P., Public Policy, Woodrow Wilson School, Princeton University, 1975
B.A., Political Science, Swarthmore College, 1973

Professional Experience

Co-Director, Political Economy Research Institute (PERI), UMass Amherst, 1998-Present
Chair, Department of Economics, UMass Amherst, 1997-2001, 2009-2011
Professor of Economics, UMass Amherst, 1996-Present
Visiting Scholar, Universite Paris XIII, Paris, France, September, 2008-July, 2009
External Examiner, Economics Department, University of Malaya, Kuala Lumpur, Malaysia, 2001-2009
Visiting Scholar, Xiamen University, Xiamen, Fujian Province, People’s Republic of China, 2000-2001
Visiting Professor, Bologna Center of the School of Advanced International Studies of Johns Hopkins University, Bologna, Italy, 1992-1993
Assistant Professor of Economics, Graduate Faculty, New School for Social Research, 1983-1987
Assistant Professor of Economics, Williams College, 1979-1983

Research Interests

Macroeconomic policy, central banking and international finance


Cummings Foundation Grant to PERI, 2009-2010
Ford Foundation Grant to the Political Economy Research Institute, 1999-2001, 2004-2006
Economic Policy Institute, 1995-1997, project on Globalization and Progressive Economic Policy
World Institute for Development Economics Research, United Nations University, 1985-1993

Selected Publications

Beyond Inflation Targeting: Monetary Policy For Employment Generation and Poverty Reduction. Eds. Gerald Epstein and Erinc Yeldan. Northampton: E. Elgar Press, 2010.

Gerald Epstein, ed. Financialization and the World Economy. Northampton: Edward Elgar Press, 2005.

Avoiding a Financial Meltdown, Challenge Magazine, January/February, 2009. (with James Crotty).

An Employment Targeted Central Bank Policy for South Africa, International Review of Applied Economics, March, 2008, Vol. 22 No. 2.

Should Capital Flows be Controlled? Yes. In, Reforming the International Financial System for Development: Lessons from the current and recent financial crises in developing countries. Edited by Jomo Kwame Sundaram published by G24. Washington, DC: October 2009 (Co-published by Orient Blackswan, Hyderabad, and Columbia University Press, New York, in 2010.)

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