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...
By : Marco Veronese Passarella | Jan 18, 2023

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...
By : Marco Veronese Passarella | Jan 4, 2023

Circular economy innovations…

…in an input-output stock-flow consistent dynamic model Download here the presentations slides
By : Marco Veronese Passarella | Nov 17, 2022

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...
By : Marco Veronese Passarella | Sep 19, 2022

An Introduction to SFC Models

JUST2CE Project, WP5 Seminar Series, June 10, 2022. Download the presentation slides.
By : Marco Veronese Passarella | Jun 10, 2022

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...
By : Marco Veronese Passarella | May 20, 2022

War economics

[Italian only] Primo Maggio a Lari (PI), Festa Rossa, 2022. Vai il video del Red Talk (su YouTube)
By : Marco Veronese Passarella | May 4, 2022

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)
By : Marco Veronese Passarella | Apr 8, 2022

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...
By : Marco Veronese Passarella | Apr 5, 2022

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...
By : Marco Veronese Passarella | Mar 16, 2022
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