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Office Hours:Fall 2021: MW 3-4, or by appointment.
- Director of Graduate Studies
- Economic Growth, Income and Wealth Distribution, Technological Change, Fiscal Policy
- PhD, Economics, The New School for Social Research
- Dottorato (PhD) in Economia Politica, Sapienza University of Rome
Born and raised in Rome, I moved to the US in 2005. I earned a PhD in Economics from The New School for Social Research in 2009, and a Dottorato in Economia Politica (PhD, Economics) from Sapienza University of Rome, also in 2009. My research focuses on: (i) economic growth and the distribution of income and wealth; (ii) the interaction between labor market institutions, income distribution and technological change; (iii) the role of the public sector in long-run policy and its distributional effects; (iv) social interactions, social multipliers and economic performance. Recently, I realized that my research provides a fruitful framework to understand the so-called "secular stagnation," and I have been working on this topic over the last few years.
I am a coauthor of Growth and Distribution, Second Edition (Harvard University Press, 2019). My research articles have been published in journals such as Journal of Economic Behavior and Organization, Journal of Economic Surveys, Feminist Economics, Structural Change and Economic Dynamics, just to name a few. You can scroll down below for a list of my publications.
I also serve as Associate Editor for the Review of Social Economy, the Journal of Economic Surveys, the Review of Keynesian Economics, and the Review of Political Economy.
Growth and Distribution, Second Edition, with Duncan K. Foley and Thomas R. Michl. Harvard University Press, 2019.
Refereed Journal Articles
- Pandemics and Economic Activity: a Framework for Policy Analysis, with Peter Flaschel, Giorgos Galanis, and Roberto Veneziani. Review of Behavioral Economics, forthcoming.
- Path-Dependence and Stagnation in a Classical Growth Model, with Thomas R. Michl. Cambridge Journal of Economics, forthcoming.
- Path-Dependence, the Covid-19 Crisis, and Inequality in the United States. European Journal of Economics and Economic Policies:Intervention 18(2): 198-206, 2021.
- The Distributive Cycle: Evidence and Current Debates, with Jose Barrales, Ivan Mendieta-Munoz, Codrina Rada, and Rudiger von Arnim. Journal of Economic Surveys, Online First, 2021.
- Differential Rates of Return and Racial Wealth Inequality, with Luke Petach. Journal of Economics, Race, and Policy 4(3): 115-165, August 2021.
- Labor-augmenting Technical Change and the Wage Share: New Microeconomic Foundations, with Luca Zamparelli. Structural Change and Economic Dynamics 56: 27-34, 2021.
- Consumption Externalities and Growth: Theory and Evidence for the United States, with Luke Petach. Journal of Economic Behavior and Organization, 183: 976-997, 2021. https://doi.org/10.1016/j.jebo.2019.02.021
- Firm Beliefs and Long-Run Demand Effects in a Labor-Constrained Model of Growth and Distribution, with Luke Petach. Journal of Evolutionary Economics, 31(2): 353-377, 2020.
- Income Shares, Secular Stagnation, and the Long-run Distribution of Wealth, with Luke Petach. Metroeconomica 71 (1): 235-255, 2020.
- Climate Change, Innovation, and Growth: the Contributions of William Nordhaus and Paul Romer, with Anders Fremstad and Luke Petach. Review of Political Economy 31 (3): 336-355, 2019.
- No one is Alone: Strategic Complementarities, Capacity Utilization, Growth, and Distribution, with Luke Petach, 2019. Structural Change and Economic Dynamics 50: 203-215, 2019. https://doi.org/10.1016/j.strueco.2019.07.001
- Marx-Biased Technical Change and Income Distribution: a Panel Data Analysis, with Travis Campbell, 2019. Metroeconomica, https://doi-org/10.1111/meca.12247.
- Growth, Income Distribution, and the `Entrepreneurial State', with Luca Zamparelli. Journal of Evolutionary Economics (2018), Online first.
- Endogenous Technical Change in Alternative Theories of Growth and Income Distribution, with Luca Zamparelli. Journal of Economic Surveys Vol. 31 No. 5: 1272-1303, 2017.
- Government Spending Composition, Aggregate Demand, Growth, and Distribution, with Luca Zamparelli. Review of Keynesian Economics, Vol. 5 No. 2: 239-258, 2017.
- Integrating Engineering Outputs from Natural Disaster Models into a Dynamic Spatial Computable General Equilibrium Model of Centerville, with Harvey Cutler, Martin Shields, and Sammy Zahran. Sustainable and Resilient Infrastructure Vol. 1 No. 3-4: 169-187, 2016.
- A Tale of Two Ginis in the US, 1921-2012, with Markus Schneider. International Review of Applied Economics, Vol. 30 No. 6: 677-692, 2016.
- Public Capital, Redistribution and Growth in a Two-class Economy, with Luca Zamparelli. Metroeconomica Vol. 67 No. 2: 458-476, 2016.
- Endogenous Technical Change, Employment and Distribution in the Goodwin Model of the Growth Cycle, with Luca Zamparelli. Studies in Nonlinear Dynamics and Econometrics, Vol. 19 No. 2: 209–226, 2015.
- Credit-Driven Investment, Heterogeneous Labour Markets and Macroeconomic Dynamics, with Matthieu Charpe, Peter Flaschel, Hans–Martin Krolzig, Christian Proano, and Willi Semmler. Journal of Economic Interaction and Coordination, Vol. 10 No. 1: 163-181, 2015.
- Capitalists, Workers, and Managers: Wage Inequality and Effective Demand, with Ramaa Vasudevan. Structural Change and Economic Dynamics, Vol. 30: 120–131, 2014.
- Redistribution in a Neo-Kaleckian Two-Country Model, with Rudiger von Arnim and Laura Carvalho. Metroeconomica, Vol. 65 No. 3: 430-459, 2014.
- Daily Variation in Natural Disaster Casualties: Information Flows, Safety, and Opportunity Costs in Tornado Versus Hurricane Strikes, with Sammy Zahran and Stephan Weiler, Risk Analysis, Vol. 33 No. 7: 1265-1280, 2013.
- Bargaining over Productivity and Wages when Technical Change is Induced: Implications for Growth, Distribution, and Employment, Journal of Economics, Vol. 109 No. 3: 207-244, 2013.
- Wage Bargaining and Induced Technical Progress in a Linear Economy: Model and Application to the US (1963-2003), Structural Change and Economic Dynamics, Vol. 23 No. 2: 117-126, 2012.
- Embedding Care and Unpaid Work in Macroeconomic Modeling: a Structuralist Approach, with Elissa Braunstein and Irene van Staveren. Feminist Economics, Vol. 17 No. 4, 2011.
- Estimated Non-linearities and Multiple Equilibria in a Model of Distributive-Demand Cycles, with Peter Flaschel and Lance Taylor. International Review of Applied Economics, Vol. 25 No. 5, 2011.
- A Structuralist Model of the Wage-Price Spiral with Non-Linear Demand Pressure Terms, with Peter Flaschel and Lance Taylor. Chapter 4 in Flaschel, P., and Luchtenberg, S. 2012: Roads to Social Capitalism, Edward Eldgar.
- The Distributive Cycle with a Non-Linear Wage-Phillips Curve. In Chiarella, C., Flaschel, P., and Semmler, W. (2011): Reconstructing Keynesian Macroeconomics - Part I: Partial Perspectives. Routledge.
- Daily Variation in Natural Disaster Casualties: Information Flows, Safety, and Opportunity Costs in Tornado Versus Hurricane Strikes, with Sammy Zahran and Stephan Weiler. In Preparing for, Responding to, and Recovering from Hurricane Flooding Disasters, Risk Analysis Virtual Special Issue, September 2018.
- Endogenous Technical Change in Alternative Theories of Growth and Income Distribution, with Luca Zamparelli. Chapter 6 in In Veneziani, R., and Zamparelli, L., eds. (2018): Analytical Political Economy, Wiley.
- Pandemics and Aggregate Demand: a Framework for Policy Analysis, with Peter Flaschel, Giorgos Galanis, and Roberto Veneziani. PKES Working Paper No. 2025.
- The Distributive Cycle: Evidence and Current Debates, with Jose Barrales, Ivan Mendieta-Munoz, Codrina Rada, and Rudiger von Arnim. University of Utah Working Paper No. 2020-07.
- Gender Wage equality and Investment in Care: Modeling Equity and Production, with Elissa Braunstein. CWE-GAM Working Paper 2020-10.
- Differential Rates of Return and Racial Wealth Inequality, with Luke Petach. FMM Working Paper No. 57, July 2020.
- Path Dependence and Pandemics in a Classical Growth Model, with Thomas R. Michl. PERI Working Paper No. 508, April 2020.
Non-refereed Journal Articles
- Le Teorie Economiche Alternative e la Crisi. Critica Marxista No. 3-4, 2011: 51-55 (In Italian).
- Artificial Intelligence, the Future of Work, and Inequality. Liberal Arts Magazine, Spring 2019, Colorado State University. Republished by Phys.org, May 2019.
First Generation Story
While I am not a first generation college graduate in my family, I am a first generation immigrant to the US: I became a US citizen in 2017.
ECON 704- Macroeconomic Analysis IISyllabus
Second-year graduate course in macro theory, with a focus on endogenous growth, income distribution and macroeconomics, institutions and economic performance, and modern unemployment theories, treated from a mathematically rigorous standpoint. Strong emphasis on welfare analysis and policy considerations.
ECON 705 – Heterodox Approaches to EconomicsSyllabus
First-year grad course focusing on contemporary micro and macro topics in political economy, with an analytical focus. Micro topics include: institutions, evolutionary games, coordination failures, and rationing in labor and credit markets. Macro topics include: growth and distribution in Classical and post-Keynesian frameworks, endogenous technical change, and the distribution of wealth.
ECON792A – Theory Seminar – Macro & DistributionSyllabus
Advanced PhD Seminar class focusing on the interaction between macroeconomic variables, income and wealth distribution. Topics include technical change, aggregate demand, and the long-run distribution of wealth.
ECON 404 – Macroeconomic PolicySyllabus
Covers advanced, contemporary topics in macroeconomic policy with a focus on modeling techniques and data handling. The main goal of the course is to write a research paper about a policymaking event.
ECON606 – Microeconomic Analysis ISyllabus
First year graduate course in Microeconomic Theory. Covers consumption theory, production theory, expected utility, general equilibrium, and elements of welfare economics.