Our new paper in Macroeconomic Dynamics: carbon tax and green subsidy may not be enough to redirect technical change to avoid climate catastrophes and achieve green transition. Command-and-control policies are always effective! https://t.co/ZXbWNPayWZ @mnapoletano1@ISIgrowth
I agree with Phelps. The 3 revolutions he mentioned have been taken into account by evolutionary and complexity economics for decades. And agent-based models are a new methodological tools for pushing economics out of his intellectual crisis: https://t.co/2I2hk4ZsNq @ISIgrowth
A recently released assessment by the @EU_Commission defines the project @ISIgrowth as a "best practice one, carried out with enthusiasm by a group of leading researchers in the area of #innovation studies"
https://t.co/ufmxA26G4u
There an increasing interest for the #GreenNewDeal. The @EU_H2020@ISIgrowth project provided policy recommendations to achieve a #NewEuropeanDeal: Europe can innovate and grow tackling climate while reducing inequality! https://t.co/IEgL5YsjCW @MazzucatoM
New paper just published in the Journal of Economic Behavior & Organization: What if supply-side policies are not enough? The perverse interaction of flexibility and austerity @ISIgrowth https://t.co/2WRp2Y9Ug1
Many Mediterranean UNESCO World Heritage sites are at risk from sea-level rise due to climate change! This threat is also an opportunity for mission-oriented innovation and industrial policies to fight climate change
https://t.co/huhwvsS5NH @ISIgrowth
Great special issue of Industrial and Corporate Change on Mission-Oriented Innovation Policy and Dynamic Capabilities in the Public Sector
https://t.co/aJheEoy3mL @ISIgrowth@MazzucatoM
Gabaix's granular hypothesis is not very robust and it is mostly driven by demand.
This is what we find in our new paper just published in the Journal of Evolutionary Economics
https://t.co/3WjajjB0sr @mnapoletano1@ISIgrowth
Governments do create value and are investors of first resort!
Who Really Creates Value in an Economy? by @MazzucatoM@ProSyn https://t.co/EQe0HAlHoc @ISIgrowth
New empirical paper shows (again) that the inter-temporal labor-supply substitution is a fairy tale in which only few naive or taliban economists still believe. It is time to kick it out from macro models and teach it to student as a flat-earth hypothesis!
https://t.co/rGg5WgAZjM
The magnitude of the fiscal multiplier is an EMPIRICAL questions. And empirical papers (e.g. from IMF) suggest that is higher than 1. Hence austerity policies are wrong during recessions. A short article from The Economist summarize the debate:
https://t.co/fFd5Bins1C @ISIgrowth
The presence of tipping points and cascades implies that we must keep temperature below 2' to avoid climate catastrophes. We need timely and massive policies to foster transition to sustainable growth ... and agent-based IAMs!
https://t.co/04mcUy2XIg @ISIgrowth@IMPRESSIONS_EU
New WP out surveying the results of the labour-augmented K+S model: more labour flexibility and structural reforms do increase unemployment, inequality, GDP volatility and do reduce innovation, productivity and GDP growth @ISIgrowth
https://t.co/mEKPJCiXrB
A new plan to reform the ESM and the Euro:
Making the Eurozone Works: A Risk-Sharing Reform of the European Stability Mechanism @SSRN https://t.co/DXIb5Zwehe @ISIgrowth@MarcelloMinenna