Publications

72 publications found, searching for 'Gennaro Zezza '

• One-Pager No. 60
  July 26, 2019

  Fighting Inequality Can Strengthen the US Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Senators Elizabeth Warren and Bernie Sanders, along with Representative Alexandria Ocasio-Cortez, recently proposed to increase the rate of taxation on very high incomes and net worth. One of the primary…more

  Download One-Pager No. 60 PDF (119.15 KB)
• Strategic Analysis
  April 15, 2019

  Can Redistribution Help Build a More Stable Economy?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Although the ongoing recovery is about to become the longest in the history of the United States, it is also the weakest in postwar history, and as we enter the…more

  Download Strategic Analysis, April 2019 PDF (1.06 MB)
• Working Paper No. 919
  January 16, 2019

  On the Design of Empirical Stock-Flow-Consistent Models

  Gennaro Zezza and Francesco Zezza
  Abstract

  While the literature on theoretical macroeconomic models adopting the stock-flow-consistent (SFC) approach is flourishing, few contributions cover the methodology for building a SFC empirical model for a whole country. Most…more

  Download Working Paper No. 919 PDF (1.23 MB)
• Strategic Analysis
  April 13, 2018

  “America First,” Fiscal Policy, and Financial Stability

  Gennaro Zezza and Michalis Nikiforos
  Abstract

  The US economy has been expanding continuously for almost nine years, making the current recovery the second longest in postwar history. However, the current recovery is also the slowest recovery…more

  Download Strategic Analysis, April 2018 PDF (1.30 MB)
• Working Paper No. 891
  May 24, 2017

  Stock-flow Consistent Macroeconomic Models

  Gennaro Zezza and Michalis Nikiforos
  Abstract

  The stock-flow consistent (SFC) modeling approach, grounded in the pioneering work of Wynne Godley and James Tobin in the 1970s, has been adopted by a growing number of researchers in…more

  Download Working Paper No. 891 PDF (460.48 KB)
• Strategic Analysis
  April 14, 2017

  The Trump Effect: Is This Time Different?

  Gennaro Zezza and Michalis Nikiforos
  Abstract

  From a macroeconomic point of view, 2016 was an ordinary year in the post–Great Recession period. As in prior years, the conventional forecasts predicted that this would be the year…more

  Download Strategic Analysis, April 2017 PDF (403.41 KB)
• Working Paper No. 867
  May 18, 2016

  The Greek Public Debt Problem

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  This paper examines the issue of the Greek public debt from different perspectives. We provide a historical discussion of the accumulation of Greece’s public debt since the 1960s and the…more

  Download Working Paper No. 867 PDF (522.33 KB)
• Working Paper No. 866
  May 16, 2016

  Going Forward from B to A?

  Dimitri B. Papadimitriou, Gennaro Zezza, Massimo Amato, and Luca Fantacci
  Abstract

  After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of introducing fiscal currencies as a way to restore fiscal space in peripheral countries, like…more

  Download Working Paper No. 866 PDF (550.46 KB)
• Strategic Analysis
  March 07, 2016

  Destabilizing an Unstable Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Our latest strategic analysis reveals that the US economy remains fragile because of three persistent structural issues: weak demand for US exports, fiscal conservatism, and a four-decade trend in rising…more

  Download Strategic Analysis, March 2016 PDF (1.11 MB)
• Strategic Analysis
  May 14, 2015

  Η δημοσιονομική λιτότητα, η ανατίμηση του δολαρίου και τα προβλήματα κατανομής θα οδηγήσουν στον εκτροχιασμό της οικονομίας των ΗΠΑ

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Στην τελευταία στρατηγική ανάλυση, η ομάδα του μακροοικονομετρικού υποδείγματος του Ινστιτούτου εξετάζει την πρόσφατη, αναιμική ανάκαμψη της αμερικανικής οικονομίας. Οι συγγραφείς εντοπίζουν τρία διαρθρωτικά εμπόδια—την αδύναμη απόδοση των καθαρών εξαγωγών,…more

  Download Στρατηγικη Αναλυση, Μάιος 2015 PDF (1.01 MB)
• Strategic Analysis
  May 14, 2015

  Fiscal Austerity, Dollar Appreciation, and Maldistribution Will Derail the US Economy

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  In this latest Strategic Analysis, the Institute’s Macro Modeling Team examines the current, anemic recovery of the US economy. The authors identify three structural obstacles—the weak performance of net exports,…more

  Download Strategic Analysis, May 2015 PDF (1.02 MB)
• Strategic Analysis
  April 25, 2014

  Is Rising Inequality a Hindrance to the US Economic Recovery?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  The US economy has been expanding moderately since the official end of the Great Recession in 2009. The budget deficit has been steadily decreasing, inflation has remained in check, and…more

  Download Strategic Analysis, April 2014 PDF (733.90 KB)
• Strategic Analysis
  April 25, 2014

  Αποτελεί η αυξανόμενη ανισότητα εμπόδιο στην οικονομική ανάκαμψη των ΗΠΑ;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Η οικονομία των Ηνωμένων Πολιτειών αναπτύσσεται με μέτριο ρυθμό μετά από την επίσημη λήξη της Ύφεσης το 2009. Το έλλειμμα του προϋπολογισμού μειώνεται σταθερά, ο πληθωρισμός βρίσκεται υπό έλεγχο και…more

  Download Στρατηγικη Αναλυση, Απρίλιος 2014 PDF (921.28 KB)
• Strategic Analysis
  October 16, 2013

  Η εδραίωση της ανάκαμψης: Προοπτικές και πολιτικές για τις Ηνωμένες Πολιτείες

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  Στην περίπτωση που επαληθευτούν οι προβλέψεις του Γραφείο Προϋπολογισμού του Κογκρέσου για τα κρατικά έσοδα και τις δαπάνες, η οικονομία των Ηνωμένων Πολιτειών δεν θα μπορέσει να αναπτυχθεί αρκετά γρήγορα…more

  Download Στρατηγική Ανάλυση, Οκτώβριος 2013 PDF (1.94 MB)
• Strategic Analysis
  October 16, 2013

  Rescuing the Recovery: Prospects and Policies for the United States

  Dimitri B. Papadimitriou, Gennaro Zezza, and Michalis Nikiforos
  Abstract

  If the Congressional Budget Office’s recent projections of government revenues and outlays come to pass, the United States will not grow fast enough to bring down the unemployment rate between…more

  Download Strategic Analysis, October 2013 PDF (908.04 KB)
• Book Series
  June 15, 2012

  Contributions in Stock-flow Modeling: Essays in Honor of Wynne Godley

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  In the 1970s, at a time of shock, controversy and uncertainty over the direction of monetary and fiscal policy, Wynne Godley and the Cambridge Department of Applied Economics rose to…more

• Strategic Analysis
  April 15, 2012

  Πίσω στις συνήθεις τακτικές ή δημοσιονομική τόνωση;

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  Αν και η οικονομία φαίνεται να βελτιώνεται σταδιακά, οι ευρείς δείκτες καταγράφουν ότι το 14.5% του αμερικανικού εργατικού δυναμικού είναι άνεργο ή υποαπασχολήσιμο, ποσοστό όχι πολύ χαμηλότερο από το 16.2%…more

  Download Στρατηγική Ανάλυση, Απρίλιος 2012 PDF (1.09 MB)
• Strategic Analysis
  April 15, 2012

  Back to Business as Usual? Or a Fiscal Boost?

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  Though the economy appears to be gradually gaining momentum, broad measures indicate that 14.5 percent of the US labor force is unemployed or underemployed, not much below the 16.2 percent…more

  Download Strategic Analysis, April 2012 PDF (522.53 KB)
• Strategic Analysis
  December 06, 2011

  Is the Recovery Sustainable?

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  Fiscal austerity is now a worldwide phenomenon, and the global growth slowdown is highly unfavorable for policymakers at the national level. According to our Macro Modeling Team’s baseline forecast, fears…more

  Download Strategic Analysis, December 2011 PDF (1.87 MB)
• Strategic Analysis
  December 06, 2011

  Είναι βιώσιμη η ανάκαμψη;

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  Η δημοσιονομική λιτότητα είναι πλέον ένα παγκόσμιο φαινόμενο και η επιβράδυνση της παγκόσμιας ανάπτυξης δεν ευνοεί τις προοπτικές της δημοσιονομικής πολιτικής σε εθνικό επίπεδο. Σύμφωνα με τις baseline προβλέψεις της…more

  Download Στρατηγική Ανάλυση, Δεκέμβριος 2011 PDF (1.39 MB)
• Strategic Analysis
  March 10, 2011

  Jobless Recovery Is No Recovery: Prospects for the US Economy

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  The US economy grew reasonably fast during the last quarter of 2010, and the general expectation is that satisfactory growth will continue in 2011–12. The expansion may, indeed, continue into…more

  Download Strategic Analysis, March 2011 PDF (2.96 MB)
• Strategic Analysis
  March 10, 2010

  Getting Out of the Recession?

  Gennaro Zezza
  Abstract

  Research Scholar Gennaro Zezza updates the Levy Institute’s previous Strategic Analysis (December 2009) and finds that the 2009 increase in public sector aggregate demand was a result of the fiscal…more

  Download Strategic Analysis, March 2010 PDF (577.07 KB)
• Strategic Analysis
  December 03, 2009

  Sustaining Recovery: Medium-term Prospects and Policies for the US Economy

  Dimitri B. Papadimitriou and Gennaro Zezza
  Abstract

  Though recent market activity and housing reports give some warrant for optimism, United States economic growth was only 2.8 percent in the third quarter, and the unemployment rate is still…more

  Download Strategic Analysis, December 2009 PDF (2.30 MB)
• Working Paper No. 569
  June 15, 2009

  Fiscal Policy and the Economics of Financial Balances

  Gennaro Zezza
  Abstract

  This paper presents the main features of the macroeconomic model being used at The Levy Economics Institute of Bard College, which has proven to be a useful tool in tracking…more

  Download Working Paper No. 569 PDF (224.03 KB)