Davide Romaniello is a post-doctoral fellow in Political Economy at the University of Cattolica del Sacro Cuore, with a research program entitled “Growth and productivity dispersion: a microeconomic, sectoral and territorial analysis”. In 2020, he obtained the Ph.D. in Economics at the Roma Tre University with a thesis on hysteresis in unemployment. In addition to his current research, he has worked on the role of long-term unemployment in explaining inflation, as well as the estimation of fiscal multipliers at the aggregate and regional level. He is part of a number of networks and associations promoting heterodox approaches to economics, such as Storep, Italian Post-Keynesian Network, Astril and Eaepe.
Davide Romaniello
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Long-Term Unemployment Is Reversible
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
Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation
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INET Working Paper on the non-inflationary effects of unemployment reductions is cited in The Worker
“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 (https://www.ineteconomics.org/research/research- papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker