Nathaniel Cline

Associate Professor, Department Chair

Photo of Nathaniel Cline

Areas of Expertise

  • U.S. Macroeconomy
  • Consumer Price Index
  • International Finance
  • Economic History


Ph.D., Economics, 
University of Utah, 2012

M.A., Economics, 
University of Utah, 2012

B.A., Economics, 
Earlham College, 2005

For the Media

Contact :
Media Relations


Duke Hall
P: 909.748.8563


Dr. Cline's current research explores both the United States and international macroeconomics. 

"In the U.S. I explore the determinants of inflation and its relationship to income distribution. In particular, I find that much of the moderate inflation of the 1990s and 2000s was based on low wages and worker bargaining power. I am also currently exploring the roots of financial development in the United States over the 19th century in comparison to countries who have remained on the periphery of global finance. 

"Internationally, I am in interested in how government debt markets have evolved over time and the causes of international debt crises. My current work is exploring the historical roots of what is called 'original sin' in economics. That is, some countries are able to issue debt in their own currency while some are not — and the two clubs have had essentially the same members since the emergence of sovereign debt markets in the early 19th century. The inability to issue debt in domestic currency puts a severe constraint on governments and the private sector and has in many cases been at the root of various crises. I have argued that often it is external financial conditions and commodity prices that are at the root of international debt crises regardless of the 'fiscal responsibility' of the country in crisis."

Courses Taught

ECON 100: Economics and Society

ECON 101: Principles of Economics

ECON 222: International Political Economy

ECON 304: Economic History

ECON 310: Research Methods in Economics

ECON 351: Macroeconomic Theory

ECON 424: International Economics


2012-present: Assistant Professor of Economics, University of Redlands, Redlands, CA

2010-2012: Adjunct Instructor of Economics, Westminster College, Salt Lake City, UT

2007-2012: Graduate Student Instructor, University of Utah, Salt Lake City, UT



Perry, N., & Cline, N. (2016). What Caused the Great Inflation Moderation in the US? A Post-Keynesian View. Review of Keynesian Economics, 4(4), 475-502.

Cline, N., Ford, K., & Vernengo, M. (2010). Because I Said So: The Persistence of Mainstream Economics in Policy Advice. Journal of Philosophical Economics, 3(2), 97-121.

Book chapters:

Cline, N., & Vernengo, M. (2016). Interest Rates, Terms of Trade, and Currency Crises: Are We on the Verge of a New Crisis in the Periphery? In A.V. Gevorkyan & O. Canuto (Eds.), Financial Deepening and Post-Crisis Development in Emerging Markets: Current Perils and Future Dawns (pp. 41-62). New York, NY: Palgrave Macmillan.

Cline, N. (2015). Biddle, Nicholas. In L.-P. Rochon & S. Rossi (Eds.), The Encyclopedia of Central Banking (pp. 52-54). Northampton, MA: Edward Elgar Publishing.

Cline, N. (2015). National Banking Acts. In L.-P. Rochon & S. Rossi (Eds.), The Encyclopedia of Central Banking (pp. 373-374). Northampton, MA: Edward Elgar Publishing.

Maloney, T.N., & Cline, N. (2013). Inequality in Economic History. In R. Whaples & R.E. Parker (Eds.), Routledge Handbook of Modern Economic History (pp. 215-225). New York, NY: Routledge.

Awards, Honors, Grants

2015-2016: Spatial Community of Practice grant (with Gregory Thorson and Eric McLaughlin), University of Redlands

2009: E.K. Hunt Award for Best Paper in Political Economy, University of Utah

2007-2010: Graduate Assistantship Award, University of Utah


2015: Eastern Economic Association Conference

2013: Eastern Economic Association Conference

2012: Eastern Economic Association Conference

2011: Eastern Economic Association Conference, Western Social Science Association Conference, Western States Graduate Workshop

2010: Eastern Economic Association Conference, Western States Graduate Workshop


American Economic Association

Eastern Economic Association

National Association for Business Economists