Davide Romaniello is a post-doctoral fellow in Political Economy at the University of Cattolica del Sacro Cuore, with a research program entitled “Growth and productivity dispersion: a microeconomic, sectoral and territorial analysis”. In 2020, he obtained the Ph.D. in Economics at the Roma Tre University with a thesis on hysteresis in unemployment. In addition to his current research, he has worked on the role of long-term unemployment in explaining inflation, as well as the estimation of fiscal multipliers at the aggregate and regional level. He is part of a number of networks and associations promoting heterodox approaches to economics, such as Storep, Italian Post-Keynesian Network, Astril and Eaepe.
Davide Romaniello
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From Potential Output to Full Employment: A Paradigm Shift for Italian Fiscal Policy
Europe’s new fiscal rules still bind policy to fragile estimates of potential output. For Italy, targeting lower unemployment could sustain stronger growth, improve deficit outcomes, and expose the self-defeating logic of austerity when debt is measured against a stagnating economy.
Long-Term Unemployment Is Reversible
Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation
On the Non-Inflationary Effects of Long-Term Unemployment Reductions
Contrary to the New Keynesian paradigm, long-term unemployment can be reversed without a significant uptick in inflation
Featuring this expert
INET Working Paper on the non-inflationary effects of unemployment reductions is cited in The Worker
“Among those contributions, recent works highlight the deep, radical revision of axioms considered cystic: that hysteresis, the permanence of high unemployment rates over time, is a basic condition to keep inflation under control. Professors Walter Paternesi, Davide Roamniello and Antonella Stirati have empirically demonstrated that this thesis is not permanent and that long-term unemployment can be reversed without a significant spike in inflation (https://www.ineteconomics.org/research/research- papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker