Research Interests

  • macroeconomics
  • economic development
  • Latin American economic history
  • history of economic ideas


  • ECON 222 Latin American Economic Development
  • ECON 257 Intermediate Macroeconomics

Activities and Other Interests

Matías Vernengo was, before coming to Bucknell, Associate Professor of Economics at the University of Utah, and former Senior Manager of Economic Research at the Central Bank of Argentina. He has also taught at Kalamazoo College, and the Universidade Federal do Rio de Janeiro, Universidad Nacional de San Martin was a Visiting Lecturer at the Université de Bourgogne, and acted as external consultant for the International Labor Office (ILO), United Nations Development Program (UNDP), the Economic Commission for Latin America and the Caribbean (ECLAC), and the United Nations Conference on Trade and Development (UNCTAD).

Dr. Vernengo has co-authored one book, edited four books and published over fifty academic and popular articles, and contributes to the blogs Naked Keynesianism and Triple Crisis. He is also the co-editor of the Review of Keynesian Economics (ROKE).

His methodological view emphasizes the importance of the history of ideas for the development of economic theory, and is based on the surplus approach of the classical political economy authors and Marx, as reinterpreted by Sraffa, and the heterodox followers of Keynes, like Kalecki and Kaldor. He has written on the effects of external liberalization in Latin America and alternatives to the Washington Consensus, on the international role of dollar, on current monetary and fiscal policy, on macroeconomic policy during the 1930s, on the history of economic ideas, and on several other topics. He has also published in the popular press in The Guardian, Dissent, Dollars & Sense, Challenge, and in newspapers in Latin America like Página/12, O Globo, and Valor Econômico.

Selected Publications

(2016) "Kicking Away the Ladder Too: Inside Central Banks", Journal of Economic Issues, June, forthcoming.

(2015) "Una lectura crítica de la crítica al modelo de Thirlwall", Investigación Económica, LXXIV, No 292: 67-80.

(2015) "Towards an understanding of crisis episodes in Latin America: a post-Keynesian approach", Review of Keynesian Economics, 3(2): 158-180. Co-author: Esteban Pérez Caldentey.

(2014) "Everything Must Change so that the IMF Can Remain the Same: The World Economic Outlook and the Global Financial Stability Report", Development and Change, 45(5): 1193-1204. Co-author: Kirsten Ford.

(2014) "What Ended the Great Depression? Re-evaluating the role of fiscal policy", Cambridge Journal of Economics, 38(2): 349-367. Co-author: Nathan Perry.

(2013) "Hegemonic Currencies during the Crisis: The Dollar versus the Euro in a Cartalist Perspective", Review of International Political Economy, 20(4): 740-59. Co-author: David Fields.

(2012) "The euro imbalances and financial deregulation: A post Keynesian interpretation of the European debt crisis", Real-World Economics Review, 59: 83-104. Co-author: Esteban Pérez Caldentey.

(2011) "The Brazilian Economy after Lula: What to Expect?" CESifo Forum, 12(1): 17-22.

(2010) "Back to the Future: Latin America's Current Development Strategy", Journal of Post Keynesian Economics, 32(4): 623-644. Co-author: Esteban Pérez Caldentey.

(2009) "The Other J.M.: John Maurice Clark and the Keynesian Revolution", Journal of Economic Issues, 43(4): 899-916. Co-author: Luca Fiorito.


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