What are we learning…
…from the energy crisis? An empirical stock-flow consistent model of the Italian economy Paper presented at 6th International ASTRIL Conference, Università degli Studi ROMA TRE, January 19-20, 2023. Download the presentation_(PDF slides)Read More...
Graziani’s theory of the monetary circuit
A small tribute from an aspiring pupil Augusto Graziani passed away nine years ago. Together with Pierangelo Garegnani, Paolo Sylos-Labini, and Luigi Pasinetti, Graziani is arguably the greatest Italian economist of theRead More...
Circular economy innovations…
…in an input-output stock-flow consistent dynamic model Download here the presentations slides
Sequence and class divide
A reply to the critics of the theory of the monetary circuit Introduction A recent, valuable, contribution by Sergio Cesaratto, Sei lezioni sulla moneta [Six lessons on money], gives me the opportunityRead More...
An Introduction to SFC Models
JUST2CE Project, WP5 Seminar Series, June 10, 2022. Download the presentation slides.
Money creation and circular economy
You can find here the material I am using in the next conferences I am participating in (STOREP, ESEE, EAEPE, and FMM) during the Summer-Fall 2022. 1. Circular economy innovations in anRead More...
War economics
[Italian only] Primo Maggio a Lari (PI), Festa Rossa, 2022. Vai il video del Red Talk (su YouTube)
The PNRR: aims, contraints and results
Workshop organised by Sottosopra, Friday 8th April 2022, Milan. Download the presentation slides Download the model Watch the video (on YouTube)
Inflation: class struggle is…
…the elephant in the room [Italian only] “L’inflazione è sempre e ovunque un fenomeno monetario” – così ammoniva Milton Friedman nella sua celebre Storia monetaria degli Stati Uniti (1867-1960), scritta a quattroRead More...
It is not la vie en rose…
The aim of this paper is twofold. First, it shows how a standard stock-flow consistent model (SFCM) can be modified to embed some fundamental insights from Graziani’s theory of monetary circuit (TMC).Read More...