Ettore Gallo

Ettore Gallo
The New School · Department of Economics

PhD Candidate in Economics
PhD Candidate in Economics – The New School /// Member of G20 Working Team - Italian Ministry of Economy and Finance

About

14
Publications
3,022
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
15
Citations
Introduction
PhD candidate in Economics at The New School for Social Research. Current research interests: Growth and Distribution, Macroeconomic effects of a pandemic-driven recession, political economy

Publications

Publications (14)
Article
Full-text available
The response of governments to the COVID-19 outbreak was foremost oriented to two objectives: saving lives and limiting economic losses. However, the effectiveness and success factors of interventions were unknown ex-ante. This study aims to shed light on the drivers of countries’ performances during the first year of the COVID-19 pandemic. We meas...
Article
Full-text available
In recent years, Post‐Keynesian analysis has been characterized by a renewed interest in long‐run theories of growth and distribution. While many authors have focused on the convergence of demand‐led growth models to a fully adjusted equilibrium, relatively little attention has been given to the time required to reach this long‐run position. In ord...
Preprint
Full-text available
This paper discusses Joan Robinson's remarks on the importance of historical time in economic analysis. On the one hand, Joan Robinson expressed skepticism with equilibrium analysis as such, arguing that as soon as economists take into account the uncertainty of expectations, history needs to replace equilibrium. On the other, Robinson stressed tha...
Preprint
Full-text available
In recent years, Post-Keynesian models of growth and distribution have substantially shifted their focus from short to long-run analysis. While many authors have focused on the convergence of demand-led growth models to a fully-adjusted equilibrium, relatively little attention has been given to the time required to reach this long-run position. In...
Technical Report
Full-text available
Policy makers have increasingly identified in the digitalization the key driver to move economies out of the quicksands of the productivity slowdown. However, without coping with the structural weaknesses of the global economy, this promise risks to remain a dismal illusion.
Preprint
Full-text available
The paper provides an analytical solution to the differential equation that regulates the motion of the neo-Kaleckian model in the short run. After presenting a simple open economy neo-Kaleckian model with government activity, the paper analytically derives an expression for the time of adjustment, defined as the time required for the system to mak...
Article
Full-text available
This paper seeks to capture the dynamic interaction between the epidemiological evolution of COVID-19 and its effect on the macroeconomy, in absence of widespread vaccination. We do that by building a stylized two-equations dynamical system in the COVID-19 positivity rate and the unemployment rate. The solution of the system makes the case for an e...
Preprint
Full-text available
PUBLISHED VERSION HERE https://doi.org/10.1080/09538259.2020.1861817 The paper presents a predator-prey model which captures the interactions between unemployment rate and COVID-19 infection rate. The model shows that lockdown measures can effectively reduce the infection rate, but at the cost of higher unemployment rate. The solution of the syste...
Preprint
Full-text available
The recent debate in Post-Keynesian theories of investment has mainly focused on the endogenous nature of the degree of capacity utilization, overlooking Steindl's and Minsky's insights on the role of inventories and debt financing in shaping investment decisions. In order to fill this gap, this paper develops a Steindl-Minsky SFC model by includin...
Preprint
Full-text available
This paper reviews and empirically tests the validity and policy conclusions of the Sraan Supermultiplier model (SSM) and the modied Neo-Kaleckian model after the inclusion of autonomous components of aggregate demand. First, we theoretically assess whether the SSM may constitute a complex variant of the Neo-Kaleckian model. In this sense, it is sh...
Preprint
Full-text available
This paper reviews and empirically tests the validity and policy conclusions of the Sraffian Supermultiplier model (SSM) and the modified Neo-Kaleckian model after the inclusion of autonomous components of aggregate demand. First, we theoretically assess whether the SSM may constitute a complex variant of the Neo-Kaleckian model. In this sense, it...
Article
Full-text available
The matter of the ‘original sin’, the inability to borrow abroad in domestic currency, came to the centre of the academic discussion after the dramatic episodes in Asia, Russia and Latin America. According to this international framework, this paper is an empirical analysis of ‘original sin’ for six Latin American countries based on the index (OSIN...

Network

Cited By

Projects

Projects (2)
Project
The project has the goal of evaluating in historical time the behavior and implications of demand-led growth models, thus rigorously assessing the nature and duration of the traverse between steady-state positions.
Project
First, the project seeks to discuss in both theoretical and empirical terms the dynamic feedback between the epidemiological evolution of COVID-19 and its effects on the labor market and, in a broader sense, on the macroeconomy. Second, the project aims at formulating policy suggestions needed at guiding macroeconomic intervention via adequate stimulus policies.