Today, a number of central banks have held conferences on the topic, including the International Monetary Fund, the European Central Bank, the Bank of England, and the Bank for International Settlement. The issue is emerging, in a post-COVID world, as a leading topic of economic research. Moreover, the recent cost-induced inflation and the consequent interest rate increases by the major central banks have raised concerns of its impact on unemployment and income inequality.

Against this background, the Monetary Policy and Income Distribution: an empirical investigation into the Pasinetti Index workshop aims to focus on the empirical evidence of the distributional impacts of monetary policy, and more specifically on the so-called Pasinetti Index. Developed by Canadian economists Marc Lavoie and Mario Seccareccia, of the University of Ottawa, this Index measures the functional distribution of income between rentiers (bond holders) and workers. The workshop will bring together a number of scholars, including a number of young scholars, that are currently working on the empirical estimation of this index. The overall aim of the workshop is to contribute to the measurement of the distributional impacts of monetary policy, to the development of more sophisticated mathematical models and to foster the policy debate over interest rates and income distribution.

 

 

Matteo Deleidi is a post-Keynesian economist, senior Assistant Professor of International Economics at the Department of Political Sciences at the University of Bari, and an Honorary Research Fellow at the Institute for Innovation and Public Purpose at University College London. Matteo’s main research interests regard monetary policy and income distribution, fiscal policies, public investment in innovation, and theories of economic growth. Before joining the University of Bari, Matteo was a research fellow at Sapienza University of Rome, Parthenope University of Napoli, Roma Tre University, and University College London. Matteo has published several papers in international IF peer-reviewed journals and participated in many national and international research projects. 

 

Carlo D'Ippoliti is a professor of political economy at the Sapienza University of Rome and editor of the open-access economics journals PSL Quarterly Review and Moneta e Credito. He holds a joint Ph.D. in economics from the J.W. Goethe University of Frankfurt-am-Main and Sapienza, and he is the recipient of the 2018 A. Feltrinelli Giovani prize for the social and political sciences awarded by the Accademia dei Lincei, and the 2011 Myrdal Prize awarded by the European Association for Evolutionary Political Economy for the monograph "Economics and Diversity". D'Ippoliti is a member of the Global Young Academy, and of the Next Left Focus Group of the Foundation for European Progressive Studies. 

 

Ettore Gallo is Assistant Professor in Economics at the University of Bari (Italy) and Economic Advisor at the OECD. He is a member of the Editorial Board of the Review of Political Economy. He received his PhD in Economics from the New School for Social Research, in cotutelle with Sapienza University of Rome. His research focuses on the macrodynamics of fluctuations and growth. In particular, he has worked on post-Keynesian economics, models of growth and distribution and ecological macroeconomics.

 

Maria Cristina Barbieri Góes is currently an associate professor at the University of Bergamo and coordinator of the Young Scholars Initiative (YSI) Inequality Working Group. She holds a PhD in Economics from Roma Tre University, a MA in International Economics from the Berlin School of Economics and Law, and a MA in Economic Analysis and Policy from the University Sorbonne Paris Cité. Her research up to today has focused on post-Keynesian economics, growth theory, fiscal and monetary policies, income distribution, and applied macroeconomics. Her scientific contributions have appeared in: Structural Change and Economic Dynamics, Review of Keynesian Economics, Economic Modelling, Economia Politica, and Review of Political Economy. She is a member of the Editorial Board of the Review of Political Economy.

 

Sylvio Antonio Kappes is Assistant Professor of Economics at the Federal University of Ceará, Brazil. His main areas of research are central banking, monetary policy, income distribution and stock-flow consistent models. He is a co-editor of the Elgar Series on Central Banking and Monetary Policy. He is the Associate Editor of the Review of Political Economy. He also sits on the editorial boards the Bulletin of Political Economy and Advances in Economics Education. He is also a co-coordinator of the Keynesian Economics Working Group of the Young Scholars Initiative (YSI) of the Institute for New Economic Thinking (INET). 

 

Marc Lavoie is Professor Emeritus at the University of Ottawa, and holds a senior research chair from the University Sorbonne Paris Cité. He is also a Research Fellow at the Macroeconomic Research Institute of the Hans Böckler Foundation in Dusseldorf (Germany), and a Research Associate at the Broadbent Institute in Toronto (Canada). He has published over 225 articles or book chapters in a wide variety of fields, in particular macroeconomics and monetary economics, but also in growth theory, pricing theory and the economics of ice hockey. He is editor of the European Journal of Economics and Economic Policy, and Managing Editor of Metroeconomica. He is on the editorial board of 9 journals, and have been a visiting professor in several countries.

 

Enrico Sergio Levrero is currently Associate professor of economics at Roma Tre University, where he teaches monetary theory and labour economics. He studied economics at De Montfort University in Leicester (M.Phil) and the Sapienza University of Rome (Master’s degree and PhD). His main research interests and activities are in the theories of value and distribution, wages and the labour market, issues of monetary theory and Sraffian economics. He is President of Astril (Associazione di Studi e Ricerche Interdisciplinari sul Lavoro), a member of the Centro Sraffa Board and Editor in chief of the Bulletin of Political Economy. His previous works include Four Lectures on Wages and the Labour Market (2012), the three-volumes Sraffa and the Reconstruction of Economic Theory (2013, edited with A. Palumbo and A. Stirati) and several articles in academic journals and collective volumes.

 

Antonino Lofaro is a Ph.D. Candidate in economics at Roma Tre University, Italy. Recently, he was a visiting research student at Laurentian University and the University of Ottawa, in Canada. He has master’s and bachelor’s degrees in economics from Roma Tre University. His research focuses on the fields of international and monetary economics, income distribution, applied macroeconomics and history of economic thought.

 

Achilleas Mantes works as macroeconomist and a modeller for the French Development Agency (AFD) and the Greek Institute of Labour (INE GSEE). He develops macrodynamic models that incorporate economic, financial and climate risks in order to contribute to the public policy debate around climate mitigation, adaptation and sustainable development policies. His research crosses disciplinary boundaries and draws on system dynamics, macroeconomics, finance and analytical political economy. He is interested in the interaction between finance, the real economy and climate, especially sources of macroeconomic imbalances, financial instability and business cycles. Achilleas Mantes holds a PhD in economics from the University of Greenwich. Prior to joining AFD he was Senior Fellow and Research Associate at SOAS, University of London, and Associate Lecturer at Goldsmiths, University of London, where he taught Advanced Macroeconomics, Econometrics, Microeconomics and Mathematics.

 

Guillermo Matamoros Romero is PhD candidate in economics at the University of Ottawa. He is the author of five academic articles in scientific journals and specialized books on monetary policy, income distribution and economic development. Winner of the Jesús Silva-Herzog award in 2018 for economic research (Problemas del Desarrollo) as well as winner of the 2021 Award for Best Graduate Essay from the Progressive Economics Forum. He holds a graduate degree in economics from the Faculty of Economics of the National Autonomous University of Mexico.

 

Rafael Pahim is a PhD Candidate at the Federal University of Rio Grande do Sul; he holds a scholarship from CAPES; and is a researcher at NAPE (Brazil). He is Boarding Director at the Functional Finance for Development Institute (IFFD). He is currently working on Monetary Policy Asymmetry and non-neutrality. Previously, his efforts were focused on Functional Finance, Modern Monetary Theory and Institutionalism.

 

Louis-Philippe Rochon is Full Professor of Economics at Laurentian University, Canada, where he has been teaching since 2004. In January 2019, he became the co-editor of the Review of Political Economy, and its Editor-in-Chief in 2021.  Before that, he created the Review of Keynesian Economics, and was its editor from 2011 to 2018, and is now Founding Editor Emeritus. He is a Consulting Editor for the newly-created Advances in Economics Education. He is the co-director of the Monetary Policy Institute, and the editor of the @Monetaryblog.

He has been guest-editor for several journals, and sits on the editorial board of 13 journals. He is the Editor-in-Chief of the Elgar Series of Central Banking and Monetary Policy, and co-editor, with Sergio Rossi, of New Directions in Post-Keynesian Economics. He has been a Visiting Professor or Visiting Scholar in Australia, Brazil, France, Italy, Mexico, Poland, South Africa, and the United States, and has further lectured in Chile, China, Colombia, Denmark, Ecuador, Germany, Italy, Japan, Kyrgyzstan, Peru, Spain, Switzerland, and the UK. He is the author of some 150 articles in peer-reviewed journals and books, and has written or edited close to 40 books. He has received grants from the Social Sciences and Humanities Research Council in Canada (SSHRC), the Ford Foundation, and the Mott Foundation, among other places.  

 

Mario Seccareccia is Professor Emeritus of the Department of Economics at the University of Ottawa, where he taught full-time since 1978 courses in macroeconomics, monetary theory, history of economic thought, labour economics, economic history, among others, until his retirement in 2018. He is author of some 130 academic articles in scholarly journals or book chapters; he has also authored or edited a dozen books. Furthermore, he is editor or co-editor of approximately 50 special issues of journals on numerous themes in political economy. He has been visiting professor at various universities in France (Université de Bourgogne, Université de Grenoble, Université Paris 13, and Université Paris-Sud) and Mexico (National Autonomous University of Mexico). Research Associate at the Canadian Center for Policy Alternatives and, since 2004, editor of the International Journal of Political Economy, an interdisciplinary journal published by Taylor & Francis focused on national and international policy issues. Winner of the 2021 John Kenneth Galbraith Prize in Economics from the Progressive Economics Forum. He holds a doctorate in economics from McGill University. 

 

Yuki Tada is a recent graduate from The New School for Social Research with Ph.D. in economics (defended August, 2023), and currently is a visiting researcher at Fondation France-Japon (FFJ) at the Ecole des Hautes Etudes en Sciences Sociales (EHESS). Her research area includes macroeconomic growth and distribution, macro-financial policies, and the comparative political economy of Japan, US., and Europe. Yuki has worked on three projects: 1) the theoretical stock-flow consistent modeling approach for Japanese capitalism, and 2) the comparative political economy of financialized capitalism, and 3) growth and distribution in unconventional monetary policy in Japan.

 

Giuliano Toshiro Yajima is a research scholar working in the State of the US and World Economies program. He is a member of the Levy Institute’s Macro-Modeling Team and a coauthor of its Strategic Analysis reports. He works on the Institute’s stock-flow consistent macroeconomic models for the US and for Greece. His academic research focuses on macroeconomic theory and policy, growth and income distribution, structural change and patterns of innovation, international financial instability, and ecological economics. Publications in scientific journals include, among others, Metroeconomica, Review of Political Economy (ROPE), Industrial and Corporate Change (ICC), and Review of Keynesian Economics (ROKE). He has also co-authored several working papers for the Levy Institute series. He holds a PhD in Economics and Finance from La Sapienza University of Rome and a BA and MSc degree from the same university.