Walter Paternesi Meloni

Walter Paternesi Meloni is currently post-doctoral research fellow in Economics at Roma Tre University, where he completed his PhD program in 2016 with a dissertation on the competitiveness issue in the Eurozone context. Since 2013, he has been a teaching assistant in the courses of Microeconomics and Economic Policy, Department of Economics, Roma Tre. In addition to take part in international conferences where he frequently presents empirical and policy-relevant contributions, he has been 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).

His actual research interests are in the broad field of applied macroeconomics – with a particular focus on the determination of output, unemployment and income distribution from a demand-led growth perspective – and mainly related to fiscal policy, welfare models, labour market and international trade.

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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 

Persistent Effects of Autonomous Demand Expansions

Paper Conference paper | | Oct 2017

This paper aims to assess such tendency to return to a supply-determined potential output, independent of aggregate demand, after episodes of demand expansion.

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