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Antonella Stirati

Antonella Stirati is currently professor of Economics at Roma Tre University. She studied economics at the University of Siena (laurea in Scienze Economiche), Cambridge UK (M.Phil degree) and La Sapienza (PhD). Her research interests are in the development of the Classical-Keynesian approach, particularly in the fields of output and employment determination, income distribution, and unemployment. She wrote a book on The Theory of Wages in Classical Economics (Elgar, 1994), co-edited the three-volumes collection Sraffa and the Reconstruction of Economic Theory, (Palgrave-macmillan, 2013) and published a number of articles in academic journals and collected volumes. Her article on Inflation, Unemployment and Hysteresis has been selected as one of the best 25 articles published in the Review of Political Economy since the journal was first issued. She is also active in scientific popularization and intervenes in public debates on current issues. She co-edits the on-line journal Economia e politica.

By this expert

Persistent Effects of Autonomous Demand Expansions

Paper Working paper series | | Feb 2018

The prevailing wisdom that aggregate demand ‘shocks’ determine short-run cyclical fluctuations around a supply-determined equilibrium growth rate and an associated equilibrium unemployment rate (or NAIRU) has been called into question by various streams of literature in the last decades. Specifically, a recently revived literature on hysteresis finds significant persistence in the effects of recessions and negative aggregate demand shocks (Blanchard et al. 2015; Martin et al. 2015).

When Demand Shapes Supply

Article | Feb 11, 2018

Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP

How Public Spending Creates Jobs and Growth—Without Inflation

Article | Dec 21, 2017

Contrary to conventional wisdom, government stimulus can improve the health of the economy for years after, without inflationary side effects 

​Blanchard, the NAIRU, and Economic Policy in the Eurozone

Article | Mar 31, 2016

A recent policy brief by Blanchard (2016), based on an earlier paper (Blanchard, Cerutti, Summers 2015) raises a number of interesting points concerning the NAIRU and the Phillips Curve, which are further discussed in the comment on the paper by Ball (2015).

Featuring this expert

Secular Stagnation: An Event with Larry Summers: Is Slow Growth the “New Normal”?

If So, What Are the Policy Solutions?

Event Conference | Hosted by Secular Stagnation Project | Dec 15, 2017

Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions


From the Origins of Economic Ideas to the Challenges of Our Time

Event Conference #INET2017 | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.