Steven Fazzari


Steven Fazzari is the Bert A. and Jeanette L. Distinguished Professor of Economics at Washington University in St. Louis and a member of INET’s Academic Council.  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 over 3,000 citations to Fazzari’s publications in the Research Papers in Economics database (approaching 11,000 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. 

  • CV (194.61 KB)

By this expert

-varn6-Secular Demand Stagnation in the 21st Century U.S. Economy

-varn7-Paper -varn9-Conference paper | | Dec 2017 -varn13-

-varn14- The concern that an economy could experience persistent, and in some sense unusual, weakness goes back to Keynes’s General Theory and led Alvin Hansen to coin the term “secular stagnation.”

-varn6-Secular Demand Stagnation in the 21st Century U.S. Economy

-varn7-Paper -varn9-Conference paper | | Oct 2017 -varn13-

-varn14- Preliminary draft prepared for INET conference session “A Decade of Stagnation. Why?”

-varn6-Rising Inequality is Holding Back the US Economy

-varn7-Article | Jul 16, 2015 -varn13-

-varn14- A four percent growth goal for first term of the next president is not only possible, but is what we should strive to achieve.

-varn6-Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts

-varn7-Paper -varn9-Working Paper Series | | Mar 2015 -varn13-

-varn14- We develop adjustments to align the NIPA measures of key household flows with cash flow concepts that better reflect household budgets and demand.

Featuring this expert

-varn6-Private Debt

-varn7-Event -varn8-Conference | Hosted by Private Debt Initiative | Apr 6–8, 2018 -varn13-

-varn14- With the support and partnership of the Governor’s Woods Foundation, the Institute for New Economic Thinking will convene top scholars for the Private Debt Initiative

-varn6-Are We Destined for a Slow Growth Future?

-varn7-Video | Apr 5, 2018 -varn13-

-varn14- Steve Fazzari argues that stimulating demand is the key to jump-starting stagnant economies

-varn6-Secular Stagnation: An Event with Larry Summers: Is Slow Growth the “New Normal”?

If So, What Are the Policy Solutions?

-varn7-Event -varn8-Conference | Hosted by Secular Stagnation Project | Dec 15, 2017 -varn13-

-varn14- Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions

-varn6-World Economic Roundtable

Explaining a Decade of Stagnation: Where Do We Go From Here?

-varn7-Event -varn8-Discussion | Dec 14, 2017 -varn13-

-varn14- The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.