(on leave fall 2015)

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

"What ended the Great Depression? Re-evaluating the role of fiscal policy," Cambridge Journal of Economics, 2013, doi:10.1093/cje/bet035

"Hegemonic Currencies during the Crisis: The Dollar versus the Euro in a Cartalist Perspective," Review of International Political Economy, 19(3), 2012, pp. 1-20.

"Portrait of the economist as a young man: Raúl Prebisch's evolving views on the business cycle and money, 1919-1949," CEPAL Review, No 106, 2012, pp. 7-22.

"The euro imbalances and financial deregulation: A post Keynesian interpretation of the European debt crisis," Real-World Economics Review, No 59, 2012, pp. 83-104.

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

"Gerhard Colm on John Maurice Clark's Economics of Planning Public Works," Research in the History of Economic Thought and Methodology, 29, 2011, pp. 83-93.

"The Limits to Dollarization in Ecuador: Lessons from Argentina," Journal of World Systems Research, 17(2), 2011.

"Back to the Future: Latin America's Current Development Strategy," Journal of Post Keynesian Economics, 32(4), 2010, pp. 623-44.

"Because I Said So: The Persistence of Mainstream Policy Advice," The Journal of Philosophical Economics, v. III, 2010, pp. 97-122.

"Conversation or Monologue: On Advising Heterodox Economists," Journal of Post Keynesian Economics, 32(3), 2010, pp. 389-96


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