Walter Paternesi Meloni is currently associate professor of economics at the Sapienza University of Rome. Previously, he held academic positions at the University of Naples “Federico II”, the Freie Universität Berlin, and Roma Tre University.

His research activity lies in the field of macroeconomics, with a particular focus on the integration of theoretical models and empirical analysis. His research can be broadly grouped into two main areas of investigation. The first concerns the determinants of key macroeconomic outcomes – such as output, inflation, employment, productivity, and income distribution – at both the national and regional levels. The second area focuses on economic policy, with particular attention to international trade, welfare models, inequality, and the labour market.

His work has been published in peer-reviewed journals and has contributed to institutional reports on the Italian economy, including those produced by the National Social Security Institute (INPS) and the Presidency of the Council of Ministers – Department for Regional Affairs. Professor Paternesi Meloni has participated in several funded research projects and regularly presents his work at academic conferences and workshops. He also serves as a referee for numerous scientific journals and has extensive experience in supervising master’s and Ph.D. students.

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Macroeconomics and the Italian Vote

Article | Aug 6, 2018

To understand the rise of the League and 5 Star Movement, look at economic indicators

When Demand Shapes Supply

Article | Feb 11, 2018

Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP

Persistent Effects of Autonomous Demand Expansions

Paper Working Paper Series | | Feb 2018

The prevailing wisdom that aggregate demand ‘shocks’ determine short-run cyclical fluctuations around a supply-determined equilibrium growth rate and an associated equilibrium unemployment rate (or NAIRU) has been called into question by various streams of literature in the last decades. Specifically, a recently revived literature on hysteresis finds significant persistence in the effects of recessions and negative aggregate demand shocks (Blanchard et al. 2015; Martin et al. 2015).

How Public Spending Creates Jobs and Growth—Without Inflation

Article | Dec 21, 2017

Contrary to conventional wisdom, government stimulus can improve the health of the economy for years after, without inflationary side effects 

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