Category: about me
Growth, Income Distribution, and the “Entrepreneurial State”
UPDATE: The paper is published at the Journal of Evolutionary Economics. Here is the link (subscription required): Growth, Income Distribution, and the `Entrepreneurial State’ A new working paper by Luca Zamparelli and yours truly just appeared on the New School for Social Research Department of Economics Working Paper Series. The goal of the paper is to…
NIST Center of Excellence for Community Disaster Resilience at Colorado State University
Today is the kickoff meeting of this super exciting project I am part of with the Economics team. Over the next 5 years, we’ll be developing an integrated modeling platform to assess the physical, social, and economic impact of disasters on communities, and evaluate the effects of alternative policy scenarios. It is a huge enterprise,…
Tale of Two Ginis in the US, 1921-2012
Markus Schneider and I have a brand spanking new working paper just appeared on the Levy Economics Institute webpage. The paper addresses the following puzzle. Most economists are familiar with the U-shaped pattern followed by the share of top income earners as documented by Piketty and Saez (PS, 2003, 2006). Top incomes captured about 20%…
Foley and Taylor win Leontief Prize for Climate Change Research – a Praise
Duncan K. Foley and Lance Taylor were named winners of the Leontief Prize for advancing the frontiers of economic thought, awarded by the Global Development and Environment Institute at Tufts University. Quoting from the GDAE website, “The award recognizes the contributions that these researchers have made to our understanding of the relationships between environmental quality and…
#EP2014, on the Italian results: a bet on wage-led growth wins elections
Partito Democratico (PD), led by 39 years old Matteo Renzi, is the clear winner of the European elections in Italy, obtaining over 40% of the overall preferences. This is a historic result for the party, whose electoral record never beat Enrico Berlinguer’s 33.3% in the 1980s. The vote underscores the free fall of Berlusconi’s (who couldn’t…
Endogenous Cycles in the US
I’ve been working on refinements and extensions of the Goodwin (1967) model of the growth cycle (here is a short set of notes on it: ECON705_Goodwin) for a while. The Goodwin model is a very elegant, stylized framework representing the dynamics of employment (v) and income shares (omega) in a growing economy where capital accumulation is…