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Steven Fazzari

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Steven Fazzari is the Bert A. and Jeanette L. Distinguished Professor of Economics at Washington University in St. Louis. He received his Ph.D. in economics from Stanford University in 1982. Professor Fazzari’s research explores two main areas: the financial determinants of investment and R&D spending by U.S. firms and the foundations of Keynesian macroeconomics. His published articles appear in a wide variety of academic journals and books. A recent search found 2,200 citations to Fazzari’s publications in the Research Papers in Economics database (approaching 10,000 in Google Scholar). In addition, his research supported by INET has been highlighted in the national and international media, with recent attention to the link between rising income inequality and slow economic growth.

Fazzari teaches macroeconomics. He teaching awards include the Missouri Governor’s award for excellence in university teaching and Washington University’s distinguished faculty award. Fazzari served six years as chair of the Department of Economics and recently began a new job as chair of the newly founded Department of Sociology.

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Aggregate Demand, Instability, and Growth

Paper Grantee paper | | Feb 2013

This paper considers a puzzle in growth theory from a Keynesian perspective.

State-Dependent Effects of Fiscal Policy

Paper Grantee paper | | May 2012

We investigate the effects of government spending on U.S. economic activity using a threshold version of a structural vector autoregressive model.

Does the Effectiveness of Fiscal Stimulus Depend on Economic Context?

Paper Grantee paper | | Apr 2012

The topic of this session of the INET conference is a question: does the effectiveness of fiscal policy in stabilizing an economy depend on the underlying economic context in which the policy is implemented?

Does the Effectiveness of Fiscal Stimulus Depend on Economic Context?

Paper Conference paper | | Apr 2012

The topic of this session of the INET conference is a question: does the effectiveness of fiscal policy in stabilizing an economy depend on the underlying economic context in which the policy is implemented?

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