Walter Paternesi Meloni

Walter Paternesi Meloni is an applied economist. Most of his research can be traced back to two fields of investigation. The first relates to the determinants of the main macroeconomic outcomes (e.g., output, inflation, employment, productivity and income distribution) at the country and regional level. The second is concerned with the broad sphere of economic policy, and in particular with international trade, welfare models, inequality and the labour market.

Walter’s academic career started at the Roma Tre University (Department of Economics), where he obtained is PhD in Economics and Quantitative Methods. In that University he was also post-doctoral research fellow and teaching assistant for the courses of Microeconomics and Economic Policy. Currently, he is an Assistant Professor in Economics at the Sapienza University of Rome (Department of Legal and Economic Studies). Prior to that, he worked as a Researcher and Lecturer in Economic Policy at the University of Naples ‘Federico II’ and he was Visiting Professor in Political Economy and Macroeconomics at the Freie Universität of Berlin.

In addition to publishing his contributions in peer-reviewed academic journals, he was also involved in drafting institutional reports on the Italian economy (INPS - National Social Security Institute, and Presidency of the Council of Ministers - Department for Regional Affairs).

By this expert

Long-Term Unemployment Is Reversible

Article | Apr 26, 2021

Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation

On the Non-Inflationary Effects of Long-Term Unemployment Reductions

Paper Working Paper Series | | Apr 2021

Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation

How Important is the Unemployment Rate for the Wage Rate?

Article | Sep 28, 2020

Persistent changes in unemployment have lasting consequences for income distribution

Unemployment and Income Distribution: Some Extensions of Shaikh’s Analysis

Paper Working Paper Series | | Sep 2020

Our findings confirm the existence of a negative relationship between labor market slack and the wage share, and we find no tendency to return to a ‘normal’ unemployment rate associated with a stable wage share.

Featuring this expert

INET Working Paper on the non-inflationary effects of unemployment reductions is cited in The Worker

News May 17, 2021

“Among those contributions, recent works highlight the deep, radical revision of axioms considered cystic: that hysteresis, the permanence of high unemployment rates over time, is a basic condition to keep inflation under control. Professors Walter Paternesi, Davide Roamniello and Antonella Stirati have empirically demonstrated that this thesis is not permanent and that long-term unemployment can be reversed without a significant spike in inflation ( papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker


From the Origins of Economic Ideas to the Challenges of Our Time

Event Plenary | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.