PhD Candidate


  • Find Me On:

  • Website:
  • Office Hours:

    Tuesdays and Thursdays: 9:00 - 10:30 am MST
  • Role:

    Graduate Student
  • Position:

    • PhD Candidate
    • Graduate Teaching Instructor
  • Concentration:

    • Macroeconomics
    • Development
  • Department:

    • Economics
  • Education:

    • M.A. in Economics, Colorado State University
    • M.A. in Economic Analysis, University of Chile
    • Diploma in Corporate Finance, University of Guayaquil
    • Bachelor's Degree in Economics, Catholic University of Guayaquil


I am a Ph.D. Candidate in Economics and a Graduate Teaching Instructor in the Department of Economics at Colorado State University.  My research interests are mostly in development economics, macroeconomics, and applied econometrics.  I have been working on the interaction between distribution and secular stagnation, as well as the ultimate long-run effects on employment at the macro level.



  • Cruz, M.D. (2022). Labor Productivity, Real Wages, and Employment: Evidence from a Panel of OECD Economies over 1960-2019. Working Papers PKWP 2203, Post Keynesian Economics Society (PKES). Under Review. PDF
  • Cruz, M.D., & Tavani, D. (2021). Classical Political Economy and Secular Stagnation. FMM Working Papers No. 71, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute. Revise and Resubmit. PDF
  • Cruz, M.D., & Sedai, A.K. (2021). The Effect of Corruption on Foreign Direct Investment in Natural Resources: A Latin American Case Study. CAMA Working Papers No. 98/2021. Under Review. PDF
  • Perez, E., & Cruz, M.D. (2017). Monitoring the Evolution of Latin American Economies Using a Flow-of-Funds Framework. ECLAC-Financing for Development Series No. 265. PDF


  • Cruz, M.D., & Tavani, D. Income Distribution and Wealth Inequality in Post-liberalization China: A Classical Growth Model
  • Cruz, M.D., & Sedai, A.K. Changes in Income Distribution in India: Contribution of its Main Determinants