Publications

6 publications found, searching for 'Lorenzo Esposito '

• Working Paper No. 1102
  December 12, 2025

  No More than Double: Can a Single Rule Tame Capitalism?

  Lorenzo Esposito and Giuseppe Mastromatteo
  Abstract

  Capitalism’s defining feature—profit maximization without limits—drives instability, inequality, and environmental degradation. Traditional policies such as taxation and regulation have failed to curb this dynamic because they do not alter firms’…more

  Download Working Paper No. 1102 PDF (464.95 KB)
• Working Paper No. 1021
  June 29, 2023

  Can It Be Prevented This Time?

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  Since the nineties, crises have punctuated financial markets, shattering the conventional wisdom about how these markets work and how to regulate them, and forcing a deep rethinking of the supervisory…more

  Download Working Paper No. 1021 PDF (751.72 KB)
• Working Paper No. 972
  September 30, 2020

  In the Long Run We Are All Herd

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  Since the 2008 crisis, the economics literature has shown a renewed interest in Keynes’s “beauty contest” (BC) as a fundamental aspect of the functioning of financial markets. We argue that…more

  Download Working Paper No. 972 PDF (310.39 KB)
• Working Paper No. 933
  July 08, 2019

  Defaultnomics

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  The 2008 crisis created a need to rethink many aspects of economic theory, including the role of public intervention in the economy. On this issue, we explore the Barro-Ricardo equivalence,…more

  Download Working Paper No. 933 PDF (1.15 MB)
• Working Paper No. 875
  September 27, 2016

  Minsky at Basel

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  The global financial crisis shattered the conventional wisdom about how financial markets work and how to regulate them. Authorities intervened to stop the panic—short-term pragmatism that spoke volumes about the…more

  Download Working Paper No. 875 PDF (432.86 KB)
• Working Paper No. 855
  November 30, 2015

  The Two Approaches to Money

  Giuseppe Mastromatteo and Lorenzo Esposito
  Abstract

  The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner’s theory of functional finance (FF). A thorough discussion of this concept…more

  Download Working Paper No. 855 PDF (260.77 KB)