Matteo Deleidi and Mariana Mazzucato

Author Archive | Matteo Deleidi and Mariana Mazzucato


Putting Austerity to Bed: Technical progress, aggregate demand and the supermultiplier

This paper investigates the determinants of private investment and economic growth from a theoretical perspective. We start with a critical analysis of the crowding-out effect and we present a new version of the Sraffian Supermultiplier, i.e. a model that accounts for both the multiplier and accelerator effects. We show that aggregate demand influences output in […]

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