Publications

8 publications found, searching for 'Matías Vernengo '

• Working Paper No. 847
  October 16, 2015

  Integration, Spurious Convergence, and Financial Fragility

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We…more

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• Working Paper No. 775
  September 26, 2013

  Wage and Profit-led Growth

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  We argue that a fundamental difference between Post-Keynesian approaches to economic growth lies in their treatment of investment. Kaleckian-Robinsonian models postulate an investment function dependent on the accelerator and profitability….more

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• Working Paper No. 728
  July 13, 2012

  Toward an Understanding of Crises Episodes in Latin America

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  Conventional wisdom about the business cycle in Latin America assumes that monetary shocks cause deviations from the optimal path, and that the triggering factor in the cycle is excess credit…more

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• Working Paper No. 728
  July 13, 2012

  Η κατανόηση των κρίσεων στη Λατινική Αμερική

  Matías Vernengo and Esteban Pérez-Caldentey
  Abstract

  Η συμβατική σοφία σχετικά με τους επιχειρηματικούς κύκλους στη Λατινική Αμερική υποθέτει ότι οι νομισματικοί κλυδωνισμοί προκαλούν αποκλίσεις από τη βέλτιστη πορεία και ότι ο παράγοντας ενεργοποίησης του κύκλου είναι…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 728 PDF (854.26 KB)
• Working Paper No. 702
  January 06, 2012

  The Euro Imbalances and Financial Deregulation

  Matías Vernengo
  Abstract

  Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs crafted by the European Union and the International Monetary Fund in both Greece…more

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• Working Paper No. 702
  January 06, 2012

  Οι ανισορροπίες του ευρώ και η χρηματοπιστωτική απορρύθμιση

  Matías Vernengo
  Abstract

  Η συμβατική σοφία υπαγορεύει ότι η ευρωπαϊκή κρίση χρέους, η οποία έχει μέχρι στιγμής οδηγήσει σε σκληρά προγράμματα δημοσιονομικής προσαρμογής διαμορφωμένα από την Ευρωπαϊκή Ένωση και το Διεθνές Νομισματικό Ταμείο…more

  Download Επιστημονική εργασία υπό εξέλιξη (Working Paper) No. 702 PDF (898.89 KB)
• Working Paper No. 678
  July 25, 2011

  What Ended the Great Depression?

  Matías Vernengo and Nathan Perry
  Abstract

  Conventional wisdom contends that fiscal policy was of secondary importance to the economic recovery in the 1930s. The recovery is then connected to monetary policy that allowed non-sterilized gold inflows…more

  Download Working Paper No. 678 PDF (281.04 KB)
• Working Paper No. 666
  April 20, 2011

  Hegemonic Currencies during the Crisis

  David Fields and Matías Vernengo
  Abstract

  This paper suggests that the dollar is not threatened as the hegemonic international currency, and that most analysts are incapable of understanding the resilience of the dollar, not only because…more

  Download Working Paper No. 666 PDF (268.03 KB)