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 2016. 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 Economic Policy at the University of Naples ‘Federico II’ (Department of Economics, Management and Institutions). Prior to that, he was Visiting Professor in Political Economy and Economic Policy 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

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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