PhD in Political Economy:

Visiting Scholar:

MSc. in Economics:
MSc. in Economics and Finance:
Economist:
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Economic Policy – Links between Oil and Fiscal Policy.

Specialization in Development Planning - for professionals of the Venezuelan state-owned oil company (PDVSA) – Maturín, Venezuela. 

A profound evaluation of national and international oil-gas reserve policies, exports markets for oil and “orimulsión”, historic costs of production, the composition of the Venezuelan oil basket, and investment plans in exploration and refining were reviewed. The fiscal implications of oil revenue, investment financing and fiscal participation in the oil business, and the Fund for Macroeconomic Stability were studied. Finally, other aspects of economic policy related to the impacts of the oil business were analyzed.

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Economic Policy III (Invited for 1 Lecture only).

Undergraduate in Economics.

Petropopulism and rent-seeking behavior.

Lecture 1 (Spanish) PowerPoint version

“La Banca Central de la Teoría a la Práctica: Una Comparación Internacional”. FACES, UCV (2007).

PowerPoint version

 “Banking and the Endogenous Money Supply as viewed from a Post Keynesian perspective”. University of Siena, Pontignano (2006).

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“A Post Keynesian review on the theory of Banking and the Endogenous Money Supply”. University of Siena, Department of Economics (2006).

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“La vulnerabilidad de las finanzas públicas en Venezuela” Cycle of Seminars Venezuela Visión Plural. Una mirada desde el CENDES (2004).

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“Bimonetarism and Financial Dollarisation” Presentation of the Research Program of the Area of Economics Development, CENDES (2004).

New School for Social Research (NSSR) at the New School University, NY:

I am a visiting scholar, and faculty member, at the Department of Economics of the NSSR within the New School University, in NYC. From there, I have been writing up my PhD thesis on money from a Post Keynesian view under the supervision of Prof. Edward Nell (see Current PhD Research Interests).
 

Center for Development Studies at Central University of Venezuela  (CENDES):

Professor (Instructor) and economic researcher. I belong to the Department of Economic Studies of CENDES, from which I conduct research on a diversity of topics such as: Financial Macroeconomics, Monetary and Exchange Rate Economics, Bimonetarism, Financial Dollarisation, Fiscal Vulnerability and Sustainability, Economic Integration, and others. I have participated in multidisciplinary research projects of CENDES such as “Venezuela Visión Plural. Una mirada desde el CENDES”.

Central University of Venezuela (UCV) – Postgraduate School of “Advanced Economic Theory and Policy”:

Research and co-authorship in a book with other economists named “Venezuela Macrodinámica y Política”.

My PhD research follows the Post Keynesian tradition and contributes with the notion of international monetary asymmetries and the distinction between, what I have labelled, reserve issuing and reserve economies. I have shown that whether a country issues an international reserve currency does matter: international monetary asymmetries are largely responsible for determining the balance sheet structure and behavior of the institutional sectors in the economy (García, Mata and Nell, 2008). Moreover, I have formalized these findings within a model of reserve earning economies following the stock of flow approach to macro and the influential work of Godley and Lavoie (2007).

My model takes full account of the balance sheet structure and behavior of reserve earning economies as opposed to reserve issuing ones. Firms, households, commercial banks, the central bank, the government and the rest of the world are the institutional sectors in my model, all of which are assumed to accumulate stocks and circulate local and foreign currency-assets and liabilities as a result of an income generating-process whereby production and expenses, including real investment, are determined. Different simulations have been performed to compare the results with those to be obtained in the case of reserve issuing economies. Finally, I have shown that monetary policy is more flexible but less influential in reserve issuing economies (like the US and the EU) and less flexible but more influential in reserve earning ones.