When inflation picks up, central banks are most concerned that the de-anchoring of inflation expectations and the ignition of wage-price spirals will trigger inflation dynamic instability. However, such scenarios do not materialize in the standard New Keynesian theoretical framework for monetary...

We examine the so-called "Neo-Fisherian" claim that, at the zero lower bound (ZLB) of the monetary policy interest rate, and the economy in a depression equilibrium, in order to restore the desired inflation rate the policy rate should be raised consistently with the Fisher equation. This claim...

In this paper we show how French Theory of Regulation has been considered in the Italian political economic debate. The Regulation Approach givessome explanations of the Fordist crise, by using methodological toolswhich are based on an historical- analytical one. It is relevant that themain book...

[Indice] Carlo Vercellone: 'Dal capitalismo industriale al capitalismo cognitivo: ruolo della conoscenza nel processo di accumulazione'. - Yann Moulier Boutang: 'Lavoro cognitivo: una mutazione dell’economia politica tout court'. - Maurizio Lazzarato: 'Lavoro immateriale e nuove forme di...

This paper aims at proposing a first theoretical framework for studying the basic income sustainability. We consider the basic income not only as a tool of a policy to improve living standards and social well-being but, mostly, as the essential requisite to introduce a new stable compromise...

The structural changes that occurred in the last 30 years have substantially modified the capitalistic organization of society, both at national and international level. A new regime of accumulation devoid of a stable mode of regulation and centred on financial valorisation of new socio-economic...

Convegno in onore di Giorgio Lunghini

Schumpeter showed that the boom and bust cycles are intrinsically related to the functioning of the capitalist economy. These boom and bust cycles are inherent to the rise innovation. Our paper analyses innovation cycles in a stock flow consistent framework. It focuses on the essential role of...

Schumpeter, a century ago, argued that boom-and-bust cycles are intrinsically related to the functioning of a capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets evolve and assimilate successive technological...